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Outlook & Strategy

MOL joins Woodside, HD KSOE, and Hyundai Glovis to study liquid hydrogen transport

Japanese shipping company Mitsui O.S.K. Lines (MOL) has teamed up with Australian energy major Woodside and South Korea’s HD Korea Shipbuilding and Offshore Engineering (HD KSOE) and Hyundai Glovis to study the development of shipping solutions for bulk marine transportation of liquid hydrogen. Wood

about 2 years ago

Outlook & Strategy

Germany grants €3.5 billion for green hydrogen import program

Germany’s Federal Ministry for Economic Affairs and Climate Action (BMWK) has allocated €3.53 billion for the country’s hydrogen importing mechanism, H2Global Foundation, to fund future auctions for renewable hydrogen and its derivatives. On February 12, H2Global issued a statement saying that BMWK

about 2 years ago

Outlook & Strategy

Wavepiston installs first energy collector on its wave energy system off Canary Islands

Danish company Wavepiston has installed its first full-scale energy collector on its wave energy system offshore the Canary Islands. Wavepiston reported that it had on February 8 installed its first full-scale energy collector on the Wavepiston string at the Oceanic Platform of the Canary Islands (P

about 2 years ago

Outlook & Strategy

DeepOcean enters Guyana after securing major contract with ExxonMobil

Norway-based ocean services provider DeepOcean has entered the Guyana market with what it says is its first major contract with ExxonMobil in the Americas. Under this contract, DeepOcean is to plan and carry out a range of subsea activities, including subsea construction and jumper installations, an

about 2 years ago

Outlook & Strategy

Aker Solutions backs transformation of Mogstad to low-carbon industry cluster

Norway-based Aker Solutions has been awarded a contract by its compatriot Equinor to carry out a feasibility study for the latter’s Mongstad industrial transformation project in Vestland County on the west coast of Norway. According to Aker Solutions, the study aims to identify solutions to signific

about 2 years ago

Outlook & Strategy

New Nexans cable-layer to sport ABB’s hybrid power system

Norwegian shipyard Ulstein Verft has placed an order with ABB for the delivery of an integrated power and propulsion system for Nexans’ new cable-laying vessel (CLV), currently under construction. The CLV, specially designed by Skipsteknisk, will be able to carry out the transport and lay of various

about 2 years ago

Outlook & Strategy

HAROPA starts work on shore power connections at Le Havre cruise terminal

The construction of electricity supply connections to ships at berth has officially begun at the Le Havre cruise terminal, France. Led by HAROPA PORT, the 5th largest port complex in Northern Europe, the strategic project aims to reduce emissions from cruise activity by electrifying cruise docks. By

about 2 years ago

Outlook & Strategy

CMB launches Euronav takeover bid

Belgian shipping major Compagnie Maritime Belge (CMB) has launched its mandatory public takeover bid on all shares in Euronav that are not already directly or indirectly owned by CMB or its affiliates. The move comes after CMB, Euronav’s biggest shareholder, struck a deal with Frontline in October 2

about 2 years ago

Outlook & Strategy

Chesapeake, Delfin and Gunvor ink long-term LNG liquefaction offtake deal

Chesapeake Energy Corporation, Delfin LNG, a subsidiary of Delfin Midstream, and Gunvor Group, through Gunvor Singapore, have entered into a liquefied natural gas (LNG) export deal that includes executed sales and purchase agreements (SPA) for long-term liquefaction offtake. Under the SPA, Chesapeak

about 2 years ago

Outlook & Strategy

Two out of six platforms hit the water for Dutch offshore solar pilot

Dutch-Norwegian company SolarDuck has launched the first two platforms for the Merganser offshore floating solar demonstration project into the water at TMA Logistics in Amsterdam, Netherlands. The Merganser offshore floating solar demonstrator plant will have an installed capacity of 520 kWp and wi

about 2 years ago

Outlook & Strategy

23 methanol-powered ships ordered since the start of 2024

The maritime industry’s fervor for alternative fuels shows no signs of abating as we enter 2024. According to data from DNV-Maritime, since the beginning of the year, 23 methanol-fueled ships have been to the Alternative Fuels for Shipping Index (AFI) database. The ordering has been dominated by the

about 2 years ago

Outlook & Strategy

Expro acquires UK firm to expand well construction and intervention portfolio

Energy services provider Expro has entered into a definitive agreement to acquire Scotland-based well integrity and production optimization company Coretrax, from an investment group led by Buckthorn Partners, for a total consideration of approximately $210 million. By acquiring Coretrax, Expro said

about 2 years ago

Outlook & Strategy

EU should not rely on uncertain imports to meet hydrogen targets, study says

According to a Ricardo study, commissioned by Transport & Environment (T&E), a European clean transport campaign group, the European Union (EU) should be cautious about relying on uncertain imports to meet its hydrogen targets. The study, made to assess the EU’s needs for hydrogen imports and evalua

about 2 years ago

Outlook & Strategy

DOF secures further backlog in APAC at improved rates and margins

DOF Group has secured a contract and a contract extension in Asia Pacific, securing further backlog in the region. The latest contract secured for the region will use Skandi Hercules and see the vessel fully utilized off the Australian coast into the third quarter of this year. The contracted scope

about 2 years ago