Outlook & Strategy
LR to class Capital’s ammonia-ready LCO2 Carriers
Lloyd’s Register (LR) classification society is joining hands with Greek shipowner Capital Gas Ship Management (Capital) and South Korean shipbuilding major Hyundai Mipo Dockyard (HD HMD) on the construction of two ammonia-ready 22,000m3 low-pressure LCO2 carriers set to be delivered in 2025 and 202
Berg Propulsion to power BuBe’s hybrid tug
Swedish marine propellers manufacturer Berg Propulsion has won a deal to provide control and propulsion technology for Buksér og Berging’s hybrid tug that is being built by Türkiye’s Uzmar Shipyard. Berg has been contracted to provide the full electrical power and control package for the Robert Alla
France steps up its tidal power game
French president Emmanuel Macron has announced commercial tenders for tidal stream as part of the French energy strategy update (PPE), saying ‘we have to be at the top of our game in tidal stream’.
WinGD VCR technology set to debut on NYK Line LNG-powered newbuilds
WinGD will carry out the first commercial installation of its new variable compression ratio (VCR) technology on two new dual-fuel LNG-powered vessels being built for Japanese shipping company NYK Line.
Nova Innovation secures €20M from EU for 4MW tidal energy project
Nova Innovation has won EU funding for a 4MW tidal energy farm that will be home to the largest number of tidal turbines anywhere in the world.
Aegean Shipping Management ups the ante with LR2 ice-class tanker order at COSCO
Greek shipowner Aegean Shipping Management has entered into a pact with COSCO Shipping Heavy Industry Yangzhou for the construction of two LR2 ice-class tankers, each boasting a carrying capacity of 114,000 deadweight tons (dwt). The contract brings the total number of vessels constructed at COSCO b
EU institutions agree on internal markets directive for hydrogen
The Council of the European Union (EU) and the Parliament have reached a provisional political agreement on the directive to establish common rules for the internal markets in hydrogen as well as renewable and natural gases. According to the Council, the directive seeks to facilitate the penetration
Fincantieri launches LNG-powered Mein Schiff Relax
Italian shipbuilder Fincantieri has launched Mein Schiff Relax, the inaugural vessel of the inTUItion class, a series of two LNG dual-fuel cruise ships being built for TUI Cruises, a joint venture between TUI AG and Royal Caribbean Cruises. The vessel, utilizing Liquid Natural Gas (LNG) and Marine G
Neste secures €1.96M investment aid for green hydrogen project at Porvoo refinery
Finnish oil refining and marketing company Neste has been granted an energy investment aid of €1.96 million for heat recovery from the green hydrogen production planned for the Porvoo refinery. According to Neste, the energy investment aid was awarded in November this year by the Ministry of Economi
Oceans of Energy on the move to bigger facility
Dutch offshore solar company Oceans of Energy has started scaling up its headquarters and construction facility to accommodate the growing needs for its offshore solar solution.
Five EU countries strengthen carbon capture and storage bonds with new declaration, paving the way for Europe’s CCUS market
Five countries have taken steps to build closer cooperation within the European Union on carbon capture and storage by signing a declaration.
Engine roar and ammonia tanks soar: Höegh Autoliners’ reveals construction progress on its inaugural Aurora PCTC
Norwegian RoRo shipping company Höegh Autoliners announced the arrival of the main engine for the first car carrier vessel of its Aurora Class newbuilds. The engine, produced in Ulsan, South Korea, has completed its journey to the China Merchants Heavy Industry shipyard in Jiangsu, China, setting th
Tankers International, Baltic Exchange team up to boost data sharing for VLCC fixture app
Tankers International, a London-based shipping pool for very large crude carriers (VLCCs), revealed it will be partnering with the Baltic Exchange to further enhance data sharing and the provision of market insights for its VLCC fixture app.
Interview: After taming the Adriatic Sea, Slovenian wave energy company sets course to the ocean
In an interview with Offshore Energy, the founder and head engineer of Slovenia-based wave energy company Sigma Energy, Mile Dragic talked about the development of wave energy technology, demonstration projects, future plans and the challenges of working in an emerging renewable energy industry.