Outlook & Strategy
P&O Maritime Logistics: We are assessing a diverse array of fuels
In today’s rapidly evolving landscape, it is no longer a question of whether to decarbonize, but rather how to do it effectively and strategically. The imperative to reduce carbon emissions and embrace sustainability has become an indisputable reality for businesses across industries. The focus has
Wärtsilä reshuffles organization, discontinuing Marine Systems
Finnish technology group Wärtsilä revealed plans to further streamline its marine business portfolio by divesting its Gas Solutions business unit.
New carbon capture firm to enter UK market
Aberdeen-based Amplus Energy Services is entering the carbon capture sector with a multi-million-pound investment in a Norwegian carbon capture company which will see the creation of a new UK carbon capture business. Amplus Energy announced it was investing seven figures in the Norwegian carbon capt
Finland’s Inkoo FSRU receives second LNG cargo from Gasum after Balticconnector incident
Following rupture and shutdown of the Balticconnector gas pipeline in early October, Finland’s Inkoo FSRU terminal has received second LNG cargo from Gasum. According to Gasum, the cargo arrived on November 5 and unloading to the FSRU has started where the LNG will be regasified and fed into the Fin
With orders set to reach $173 billion, ‘robust’ demand in store for FPSO, FLNG and other floating production units
New report predicts a boost in demand, with orders reaching up to $173 billion for 168 floating production units within the next five years.
Following R&D program, NextGeo launches high-speed ROV
London-headquartered Next Geosolutions has launched a high-speed survey remotely operated vehicle (ROV), following a research and development program. HS-ROV Superior, a result of a collaboration between the company’s R&D and Technical Departments and high-tech ROV manufacturer Kystdesign, is a fast
Construction milestone at NeuConnect as UK and Germany set up energy and climate partnership
The first phase of UK construction has been completed for the first-ever energy link between the UK and Germany, keeping the project on track. The construction milestone comes as NeuConnect Chair Julia Prescot joined the signing of a new UK-Germany Joint Declaration of Cooperation on Energy and Clim
Team Electric services picked for Polish hybrid ferries project
Team Electric has signed an agreement with Remontowa Shiprepair Yard to provide services for three Polsteam hybrid dual-fuel Ro-Paxes.
DAI to collaborate with Siemens Energy on green ammonia project in Egypt
Following last year’s memorandum of understanding (MoU) with Suez Canal Economic Zone (SCZONE), German company DAI Infrastruktur has now joined forces with compatriot technology major Siemens Energy to develop its green ammonia project in East Port Said, Egypt. On October 30, 2023, DAI signed an MoU
In focus: Major renewable energy, clean fuel updates from the Nordic region
Major energy transition-related updates came from Nordic countries this week. An energy island for large-scale green hydrogen and offshore wind production has been proposed in Åland (Finland). Denmark has just selected winners of its first Power-to-X tender. The first containership to be powered by
14 methanol-powered ships ordered in October
A total of 14 orders for methanol-powered ships were recorded in October as demand for alternative fuels in the maritime industry continues to rise in line with the ever-stringent regulatory landscape, data from DNV’s Alternative Fuel Insights (AFI) database shows. Some of the most recent orders saw
Construction begins on Ireland-France interconnector
Construction works have commenced on the Celtic Interconnector that will link Ireland and France. The project is being developed by the Irish transmission system operator (TSO) EirGrid and its French counterpart Réseau de Transport d’Electricité (RTE). EirGrid reported today, November 3, that constr
Ex-platform supplier ready for subsea operations
Wagenborg Offshore has taken into service a subsea support vessel following the conversion from a platform supply vessel (PSV). The Kingsborg subsea support vessel is custom-made and specialized to support subsea activities and decommissioning works in the southern North Sea in a long-term agreement
Value Maritime inks first CCS review and approval for 4 new boxships
Dutch maritime technology company Value Maritime has signed its first CO2 capture and storage (CCS) review and approval for four newbuild container vessels with the US-based classification society the American Bureau of Shipping (ABS).