Outlook & Strategy
New terminal at Immingham port to support import of green ammonia from Saudi’s NEOM
UK’s ports operator Associated British Ports (ABP) has launched a tender seeking a lead contractor or consortium to design and build a bulk liquid green energy terminal at the Port of Immingham. According to ABP, Immingham Green Energy Terminal (IGET) will be a multi-user bulk liquid green energy te
Oceantic Network CEO: ‘There comes a time when we have to say enough is enough’
As new offshore wind markets keep emerging and targets in established markets keep increasing, questions on how much capacity can actually be installed, especially until 2030 which is just around the corner, have come to the sector’s foreground. The most vocal on the (un)likeliness of the national a
Grimaldi takes majority stake in Heraklion Port Authority
A consortium led by the Italian shipping company Grimaldi Group has acquired a majority stake in the Heraklion Port Authority (HPA S.A.). The Italian group, through a consortium with Grimaldi Euromed SpA and Minoan Lines S.A., signed a share purchase agreement earlier this morning. The company acqui
Scale Gas orders 12,500 cbm LNG bunkering vessel
Chinese shipbuilding mayor Nantong CIMC SOE has signed a contract for the construction of a 12,500 cbm LNG bunkering vessel with Enagás subsidiary Scale Gas. The vessel is set for delivery by 2026, the Clarksons Hellas Weekly Bulletin reports. The 12,500 cbm LNG bunkering vessel is designed to meet
Rystad Energy partners zero-carbon shipping center
Norway’s energy research and business intelligence company Rystad Energy has joined Denmark’s Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping to advance the maritime industry’s role in the global energy transition.
Maersk, MSC and other liner majors suspend Red Sea runs amid escalating attacks
Leading liner companies, including industry giants Maersk, MSC, CMA CGM, HMM, and OOCL, have suspended trading on their Red Sea trade routes. This decision comes in response to a series of targeted attacks on merchant ships operating in the region, raising alarms within the global shipping community
Dutch government takes part in PosHYdon offshore hydrogen project
The Dutch government, through Energie Beheer Nederland (EBN), has joined the PosHYdon project, the world’s first pilot which aims to produce green hydrogen on an operational gas platform in the North Sea. The project, which will integrate three offshore energy systems – offshore wind, offshore gas,
Alexandroupolis FSRU arrives in Greece after almost 10-month conversion at Seatrium
Gastrade’s floating storage regasification unit (FSRU) Alexandroupolis, former 2010-built LNG carrier GasLog Chelsea, has arrived in Greece after completing an almost 10-month conversion at Seatrium shipyard in Singapore. The FSRU, which entered Keppel Shipyard in Singapore in early February 2023 fo
Remontowa to build hybrid ferry for Torghatten Nord
Polish shipbuilder Remontowa Shipbuilding S.A. has signed a contract to construct a hybrid-powered passenger-car ferry for Torghatten Nord AS, one of the largest ferry operators in Norway. The ferry will be fitted with two azimuth thrusters with vertically mounted electric motors powered by batterie
Red Sea attacks on liner majors’ vessels highlight crucial link between world peace and just energy transition
This is a free premium article to give you a sample of what Offshore Energy has to offer as part of our premium section. The global efforts to achieve decarbonization targets bolstered by nearly 200 countries that vowed to phase out fossil fuels at the COP28 climate summit in Dubai earlier this week
Gunvor closes €400 million loan to secure LNG supplies for Italian industry
Geneva-based energy trading firm Gunvor Group has closed a €400 million loan to support the Italian industry by securing natural gas and LNG supplies while promoting the export of Italy’s goods and services. The five-year facility is guaranteed by SACE, the Italian Export Credit Agency (ECA), with U
Scandlines to electrify two Fehrmarn Belt ferries
Taking the next big step on its green journey, Danish ferry operator Scandlines has decided to electrify two ferries on the Fehmarn Belt that links Denmark with northern Germany.
European project shows potential for significant reduction in tidal energy costs
A European project led by Scottish tidal energy developer Nova Innovation has demonstrated that the cost of tidal energy could potentially be reduced by as much as 40%. The €20 million EnFAIT (Enabling Future Arrays in Tidal) Horizon 2020 project brought together seven partners including Nova Innova
Bernhard Schulte orders LNG dual-fuel CO2 carrier backed by Northern Lights’ long-term charter
Germany-based shipowning company Bernhard Schulte has placed an order for its first CO2 tanker. The LNG dual-fuel newbuilding will be constructed at Dalian Shipbuilding Offshore (DSOC) and feature innovative technologies aimed at significantly reducing its carbon footprint such as wind propulsion an