Outlook & Strategy
Havkraft teams up with Equinor to explore wave power for lowering offshore drilling emissions
Norwegian company Havkraft has signed a contract with Equinor to conduct a feasibility study exploring the integration of wave energy as a sustainable energy source for powering mobile offshore drilling units.
Damage to Finland-Estonia offshore gas pipeline likely caused by external activity, Finland says
The damage to the Balticconnector gas pipeline between Finland and Estonia was not caused by the normal gas transmission process, Finnish transmission system operator (TSO) Gasgrid reported following the launch of an investigation into a leak announced earlier this week. Gasgrid Finland informed tha
Athenian Sea Carriers orders 4 LNG and methanol-ready chemical tankers
Athenian Sea Carriers, a Greek shipping company, has exercised options for the construction of four eco-chemical tankers at the Chinese shipbuilding company Wuchang Shipbuilding Industry Group. These vessels, with a deadweight of 18,500 tons (dwt), are set to meet the highest environmental standards
Trafigura to become majority owner of H2 Energy Europe
Swiss commodity trading group Trafigura has made an agreement with compatriot H2 Energy Holding founders to increase its shareholding in H2 Energy Europe to become majority owners, with the founders retaining minority ownership. In addition, Trafigura said the company retains its support for and min
Will a net-zero dash enable the UK to reap more benefits?
New poll shows the majority of British people are in favor of hastening the UK’s net-zero aspirations, thus, more green policies are seen as a safe bet for winning incoming elections.
Repair yard shortage puts maritime energy transition at risk
A shortage of repair yards with experience in conversions may hinder the take up of alternative fuel technology by the existing fleet, according to the findings from LR’s new Engine Retrofit Report. The report has identified that retrofitting a significant number of the 9,000 and 12,900 large mercha
ENCORE project reaches conclusion with four offshore renewable technology demos under its belt
The Interreg 2 Seas-funded ENCORE project has reached its formal closure after three years, having ‘successfully propelled’ four innovative tidal energy, offshore solar and wave energy technology solutions.
European Commission ends shipping consortia antitrust exemption
The European Commission will not extend the EU legal framework exempting liner shipping consortia from EU antitrust rules, known as the Consortia Block Exemption Regulation (CBER). This decision comes after a review process initiated in August 2022, with the CBER set to expire on April 25, 2024. The
Sabella’s D10 tidal turbine breaks power production record
French company Sabella has broken the power production record with its D10 tidal energy turbine, generating over 25% of the total electricity consumed on Ushant Island by harnessing the energy of the tides.
ERMA First’s CCS wins nod from LR
Greek ballast water treatment specialist ERMA FIRST has won Lloyd’s Register’s Approval in Principle (AiP) for its amine absorption-based carbon capture & storage (CCS) system. The system uses absorption technology to mix carbon dioxide (CO2) flue gases with a proprietary amine solvent, which is the
Reach Subsea to perform survey for Scottish offshore HVDC transmission link
Reach Subsea has secured a contract with SSEN Transmission to carry out a survey for an HVDC transmission link offshore Scotland. The contract constitutes a detailed corridor survey for the Spittal to Peterhead HVDC power cable. The data will be used for detailed engineering and environmental assess
France’s LNG buildout unnecessary amid falling gas demand, says IEEFA
In new research “France’s LNG Paradox,” the Institute for Energy Economics and Financial Analysis (IEEFA) has reported that France risks unnecessary investments in new liquified natural gas (LNG) infrastructure as the utilization rates of existing terminals decline and gas use falls. IEEFA noted tha
Peninsula secures LNG bunkering license in Gibraltar
Maritime fuel supplier Peninsula has won an LNG bunkering operator license from the Government of Gibraltar and the Gibraltar Port Authority. The company recently sent its new 12,500 cubic meters LNG supply vessel, Levante LNG, to the Strait of Gibraltar. Levante LNG will be operated by Peninsula, s
ICS rolls out CII data collection system
The International Chamber of Shipping (ICS) has launched a Carbon Intensity Indicator (CII) Data Collection System. CII is a rating system developed by the International Maritime Organization (IMO) to measure the energy efficiency of ships, above 5,000 gross tonnage and trading internationally. It c