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Outlook & Strategy

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Scottish wave energy firm to launch demo projects in Taiwan and Guam
Outlook & Strategy

Scottish wave energy firm to launch demo projects in Taiwan and Guam

Scotland-based marine energy company ZOEX Power has secured the first-ever sale of its wave energy prototype device, after completing real-world sea trials on the Turkish Black Sea coast. The purchase order was secured from a fully owned subsidiary of Türkiye’s Ordu municipality, named Oren Ordu Ene

about 8 months ago
FPSO Fast4Ward design; Source: SBM Offshore
Outlook & Strategy

Exclusive interview with SBM Offshore: South America anchors business growth, as West Africa emerges on FPSO horizon

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SBM Offshore is keeping Brazil and Guyana as the core hub of its FPSO activity, while eyeing new opportunities in West Africa.

about 9 months ago
EIB to help Minesto strengthen investment case for 10 MW tidal energy project
Outlook & Strategy

EIB to help Minesto strengthen investment case for 10 MW tidal energy project

The European Investment Bank (EIB) has selected Swedish tidal energy developer Minesto for in-depth investment advisory support focused on increasing the financial attractiveness and overall quality of the investment offer for a 10 MW tidal energy array as part of a larger build-out in a selected EU

about 9 months ago
Finland-bound multi-fuel open deck carrier to be built in China
Outlook & Strategy

Finland-bound multi-fuel open deck carrier to be built in China

Finnish shipping company Meriaura has placed an order with a Chinese shipyard for a next-generation open deck carrier which will sport advanced multi-fuel engines designed for easy upgrades to operate on future low or zero-carbon fuels. The shipbuilding contract for the 6800 DWT open deck carrier wa

about 9 months ago
Clean energy security pact formed to explore CCS shipping corridors in North Sea
Outlook & Strategy

Clean energy security pact formed to explore CCS shipping corridors in North Sea

Four European port and infrastructure players have partnered up to study the potential of carbon capture and storage (CCS) shipping corridors between Northern Europe and the UK, as well as share experience and understanding for the “new but crucial energy transition area”. Two memorandums of underst

about 9 months ago
Dutch chemical tanker operator orders wind-assisted propulsion for two more vessels
Outlook & Strategy

Dutch chemical tanker operator orders wind-assisted propulsion for two more vessels

Following the commissioning of the “world’s first” chemical tanker equipped with sails in 2024, Dutch chemical tanker operator Chemship has placed a new order with compatriot wind propulsion firm Econowind for the installation of wind-assisted ship propulsion technology on two additional vessels. Th

about 9 months ago
TGS wins second contract in Europe for 2026
Outlook & Strategy

TGS wins second contract in Europe for 2026

After securing its first ocean bottom node (OBN) deal in Europe for the 2026 season last month, Norwegian energy data and intelligence company TGS reported the award of an additional contract. The company’s node-on-a-rope crew will mobilize in mid-summer, with the project expected to run for approxi

about 9 months ago
Deal signed to progress cross-border Baltic Sea CCUS initiative
Outlook & Strategy

Deal signed to progress cross-border Baltic Sea CCUS initiative

A UK-Swedish partnership has been established to advance a cross-border carbon capture, utilization and storage (CCUS) initiative designed to accelerate industrial decarbonization across the Baltic Sea region. Under a memorandum of understanding (MoU), the UK’s Progressive Energy and Swedish Pipe58

about 9 months ago
Subsea cable firm XLCC relaunches as Aquora, focuses on installation first
Outlook & Strategy

Subsea cable firm XLCC relaunches as Aquora, focuses on installation first

UK-based XLCC has rebranded and relaunched as Aquora, with a focus on cable installation and manufacturing to address the “critical demand” for high-voltage cable supply in the UK and Europe. Aquora will focus first on installation, utilizing a new, UK-flagged cable-lay vessel (CLV), which will also

about 9 months ago
Nuclear-powered vessels are achievable, Norwegian-led study confirms
Outlook & Strategy

Nuclear-powered vessels are achievable, Norwegian-led study confirms

Nuclear-powered DP vessels are a technically feasible solution and are achievable, the Nuclear Propulsion in merchant Shipping (NuProShip II) study has confirmed. The NuProShip II project, funded by the Research Council of Norway, demonstrates the technical feasibility of nuclear-powered DP vessels,

about 9 months ago
North Sea countries to ink pact with offshore wind industry, TSOs
Outlook & Strategy

North Sea countries to ink pact with offshore wind industry, TSOs

Government officials from Belgium, Denmark, France, Germany, Ireland, Luxembourg, the Netherlands, Norway and the UK are set to sign a declaration confirming the ambition to build 300 GW of offshore wind in the North Seas by 2050, and an investment pact with the offshore wind industry and transmissi

about 9 months ago
WATCH: Bound4blue suction sails installed on first of five Maersk Tankers’ vessels
Outlook & Strategy

WATCH: Bound4blue suction sails installed on first of five Maersk Tankers’ vessels

Spanish automated wind-assisted propulsion system specialist bound4blue has installed the first eSAIL units on the first of five tankers owned by Danish Maersk Tankers. Four 24-meter ‘plug and play’ suction sails were fitted on Maersk Trieste, completing the first stage of an agreement that will see

about 9 months ago
Prysmian to buy Spanish cable survey and installation solutions provider
Outlook & Strategy

Prysmian to buy Spanish cable survey and installation solutions provider

Italian cabling giant Prysmian Group is set to acquire ACSM, a Spanish provider of solutions for submarine cable installation, including subsea surveying, route planning and seabed preparation. Based in Vigo, ACSM has been operating for over 20 years across 60 countries, with over 350 employees. Its

about 9 months ago
Newbuild Dutch multifunctional workboat to hit the market in September
Outlook & Strategy

Newbuild Dutch multifunctional workboat to hit the market in September

Dutch Van Wijngaarden Marine Services has signed a contract with compatriot shipbuilder and designer Neptune Marine for the construction of an EuroCarrier that will be capable of performing survey and geotechnical services, among other things. The new EuroCarrier 2712 – DP1 – TIER III, to be named M

about 9 months ago