Outlook & Strategy
Flying colors for Fugro USV in Danish waters
Fugro’s Blue Essence uncrewed surface vessel (USV) has completed its first project in Denmark, with operations being controlled remotely from the UK. Fugro reported that its 12-meter Blue Essence USV had completed the data acquisition of a cable route survey in the North Sea for Denmark’s Energy Isl
North Ammonia appoints new CEO
The Board of Directors at North Ammonia, a Norwegian green energy provider, has appointed new Chief Executive Officer (CEO). As disclosed, the new CEO is Mikkel Tørud who comes from the Oslo stock exchange listed renewable energy Scates ASA where he held several management positions, the most recent
Baker Hughes and Marine Power Systems shake hands to electrify oil & gas
Baker Hughes and Marine Power Systems (MPS) have set up a partnership to work together on delivering integrated solutions for the electrification of oil & gas facilities and their supporting subsea systems. According to the partners, meeting global net-zero targets requires a dual strategy where eff
Angelicoussis carrier delivers first LNG cargo to Nansha Guangzhou terminal
Greek Angelicoussis Group’s LNG carrier Maran Gas Coronis has delivered the first LNG cargo to China’s Nansha Guangzhou LNG terminal. The vessel was berthed at the terminal on 8 August 2023, Angelicoussis stated on social media, adding that during the week-long operation, the carrier undertook the c
IDTechEx: Storage and distribution is vital part of hydrogen value chain
In its new market report “Hydrogen Economy 2023-2033: Production, Storage, Distribution & Applications,” technology company IDTechEx explores the subject of hydrogen storage and distribution technologies, examining their use cases and highlighting recent commercial activities in this domain. In rece
With record high-voltage order backlog, NKT ups its 2023 financial outlook
NKT has set a record for its high-voltage order backlog in the second quarter of 2023, standing at €7.6 billion, an increase from €7 billion that was reported at the end of Q1 2023. Around 8% of the high-voltage order backlog is expected to be executed in the second half of 2023 and the remaining [&
Cunard fits entire fleet with shore power capabilities
British luxury cruise line Cunard, part of Carnival Corporation, has enabled its entire fleet to connect to shore power. Namely, the company’s Queen Elizabeth cruise ship has been fitted with shore power capabilities and now all three Cunard ships – Queen Mary 2, Queen Victoria, and Queen Elizabeth
Teck teams up with Norden to cut its carbon footprint
Danish shipping company Norden has inked a deal with Teck Resources Limited, one of Canada’s largest mining companies, to reduce CO² emissions in Teck’s steelmaking coal supply chain. The agreement is expected to reduce annual emissions from Teck shipments handled by Norden by 25%, or up to 6,700 to
Euronav splashes $112 million on VLCC newbuild
Belgian tanker shipping major Euronav has entered into a deal to buy a Very Large Crude Carrier (VLCC) newbuild from an undisclosed party, paying $112.2 million for the vessel. Under the deal, the company has an option for an additional VLCC newbuild. Euronav said that it has two months to decide wh
MMMCZCS: Navigating the regulatory traps to drive real change
Regulatory measures implemented by the International Maritime Organization (IMO) often set out with the noble goal of curbing carbon dioxide (CO2) emissions and promoting sustainability within the global shipping industry. Yet, the journey from regulation to actual emission reduction can be marred b
DP World to bolster handling capacity with 3 million TEU
Dubai-based port operator DP World expects to add approximately 3 million Twenty-Foot Equivalent Units (TEUs) of new container handling capacity by the end of the year. The company currently manages approximately 9% of the world’s handling capacity, putting it among the top five global port operator
BP leads investment in H2 electrolyzer developer Advanced Ionics
Advanced Ionics, a developer of hydrogen electrolyzers, has closed a $12.5 million series A financing led by energy major BP Ventures, with additional investors including Clean Energy Ventures, Mitsubishi Heavy Industries (MHI) and GVP Climate. The new capital is expected to help catalyze Advanced I
Another carbon storage license awarded in UK North Sea
Just shortly after news that the North Sea Transition Authority (NSTA) awarded a license for a carbon capture and storage (CCS) project to Perenco UK and Carbon Catalyst as part of its first competitive carbon storage license round, Wintershall Dea announced it had won one as well. Wintershall Dea’s
Future energy-ready port in Pembrokeshire begins to take shape
Significant progress is being made to create a multi-purpose and future energy-ready port in Pembrokeshire as part of redevelopment plans that will enable greater flexibility for developers and marine businesses looking to test new marine energy devices and launch and recover vessels.