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Outlook & Strategy

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Seawing
Outlook & Strategy

K Line buys out kite manufacturer AIRSEAS

Japanese shipping company Kawasaki Kisen Kaisha (K Line) has acquired the French wind propulsion specialist Airseas. The French company, a spin-off of Airbus Group, has developed the Seawing, an automated kite system using wind power. The system has the potential to help vessels reduce up to 20% of

about 2 years ago
PRSI Pool picks NKT for offshore power cable turnkey repairs
Outlook & Strategy

Norway’s PRSI Pool taps NKT for turnkey offshore power cables repair

Denmark-based NKT has signed a four-year service agreement with the Norway-based Pipeline Repair and Subsea Intervention (PRSI) Pool which allows it to perform turnkey repairs for offshore power cables owned by the member companies. The PRSI Pool includes 23 companies covering their offshore pipelin

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about 2 years ago
Opinion: Can wind propulsion weather the approaching perfect storm?
Outlook & Strategy

Opinion: Can wind propulsion weather the approaching perfect storm?

This article is written by Gavin Allwright, Secretary General – International Windship Association When taking time to reflect on the past year, I would argue that 2023 was the year in which our industry took the gloves off and got down to business when it came to decarbonization. At COP28 in Decemb

13 minutes read
Chief sustainability officer
Outlook & Strategy

Panama Canal to invest more in sustainability efforts than past expansion

In response to the intensifying impacts of climate change, the Panama Canal Authority has revealed a noteworthy shift in investment priorities, underscoring a commitment to channel more capital into sustainability initiatives. The canal authority has earmarked $8.5 billion for capital investments, a

about 2 years ago
Normand Tonjer
Outlook & Strategy

Solstad’s recently-purchased CSV wins contract with international client

Norway’s Solstad Offshore (SOFF) has secured an 18-month contract with an international client for the construction support vessel (CSV) Normand Tonjer. The contract is starting in April 2024 and it includes a possible two-time 180-day extension. The commercial terms are confidential, but they ali

about 2 years ago
WoodMac: Carbon intensity regulation to make or break global hydrogen market
Outlook & Strategy

WoodMac: Carbon intensity regulation to make or break global hydrogen market

The future of low-carbon hydrogen hinges on global policymakers introducing regulations and subsidies that focus on the carbon intensity of the hydrogen produced rather than its color, according to Wood Mackenzie’s (WoodMac’s) Horizons report ‘Over the rainbow: Why understanding full value-chain car

about 2 years ago
McDermott and Baker Hughes install subsea infrastructure for Inpex off Australia
Outlook & Strategy

Wood to provide services for several of Inpex’s decarbonization projects

UK’s engineering and consulting company Wood has been chosen by Japan’s energy major Inpex Corporation to work on several of its decarbonization projects across the globe. In Japan, Wood said the company will deliver concept design services for a carbon dioxide (CO2) transportation network, noting t

about 2 years ago
CMA CGM
Outlook & Strategy

CMA CGM’s Mermaid makes a splash

French containership major CMA CGM has welcomed into the fleet CMA CGM Mermaid, the first ship in a series of ten new 2,000 TEU container ships powered by liquefied natural gas (LNG). The fleet has been designed in cooperation with French shipbuilder Chantiers de l’Atlantique and Danish engineering

about 2 years ago
Siem seeks to slash fleet carbon footprint through collaboration with Wärtsilä
Outlook & Strategy

Siem seeks to slash fleet carbon footprint through collaboration with Wärtsilä

Norwegian shipping company Siem Offshore is collaborating with Finnish technology group Wärtsilä on vessel decarbonization solutions as part of its efforts to reduce the carbon footprint of its 26-vessel fleet and goal of reaching full carbon neutrality by 2050. According to Siem, the aim is to achi

about 2 years ago
ABS Global LNG Academy up and running in Qatar
Outlook & Strategy

ABS Global LNG Academy up and running in Qatar

American Bureau of Shipping (ABS) has inaugurated a training center in Doha, Qatar, dedicated to using the latest techniques to educate marines in modern LNG vessel operations. The ABS Global LNG Academy, which is supported by state-owned energy giant QatarEnergy, is a coordinated effort with indust

about 2 years ago
OX2 and SMHI to study Baltic Sea oxygenation through hydrogen production
Outlook & Strategy

OX2 and SMHI to study Baltic Sea oxygenation through hydrogen production

OX2 and the Swedish Meteorological and Hydrological Institute (SMHI) have teamed up to examine how by-product from the hydrogen production at OX2’s two offshore energy parks can oxygenate the Baltic Sea. SMHI, together with OX2, has been approved research grant from the Swedish Environmental Protect

about 2 years ago
Illustration; Source: Australian Energy Producers (former APPEA)
Outlook & Strategy

Will unlocking new gas supply enable Australia to steer clear of forecast shortages and push energy transformation forward?

Australia’s government has been urged to target new gas supply to avoid forecast shortages and ease cost-of-living pressures.

about 2 years ago
Mabanaft secures funding for new methanol solar plant in Australia
Outlook & Strategy

Mabanaft secures funding for new methanol solar plant in Australia

Hamburg-based energy company Mabanaft has received grant approval from the German Projektträger Jülich for the potential construction of a new green methanol plant in Port Augusta, South Australia. In cooperation with Australian renewable energy company Vast, Mabanaft intends to build a solar methan

about 2 years ago
Reach Subsea 'very optimistic for years ahead' as it reports record 2023 numbers
Outlook & Strategy

Reach Subsea ‘very optimistic for years ahead’ as it reports record 2023 numbers

Reach Subsea has reported record-high numbers for the fourth quarter of 2023 and the whole year, with all parameters driven by growth, improved pricing, and strong project execution. Reach Subsea’s revenue for Q4 2023 grew by 45% to NOK 474 million ($44.5 million), whereas EBIT grew by 130% to NOK 7

about 2 years ago