Outlook & Strategy
Norwegian floating solar company widens first quarter loss
Norwegian floating solar developer Ocean Sun has reported a wider net loss in the first quarter of 2023, when compared to the same period a year earlier, with a slight increase in income.
Ricardo, sHYpS to develop H2 fuel cell propulsion tech for passenger ships
Ricardo, a strategic, environmental and engineering consulting company, is working with the Sustainable Hydrogen Powered Shipping (sHYpS) consortium to design and develop hydrogen fuel cell propulsion technologies to power the next generation of zero-emissions passenger ships. According to Ricardo,
Survey on schedule for first UK-Germany energy link
A geophysical and UXO survey is set to begin at the end of this month for an interconnector that will link the UK and Germany for the first time. Geociencias y Exploraciones Marítimas (GEM) will perform a survey of the route for the installation of the NeuConnect Interconnector, nominally 705 kilome
Report: Germany scales down LNG terminal plans
Germany will almost halve planned capacity for liquefied natural gas (LNG) terminals in the Baltic Sea, Reuters reported a government source as saying. Two floating LNG terminals are to be sited at Mukran off the Rügen coast with an annual capacity of around 10 billion cubic metres (bcm), down from
SBM Offshore FPSO to undergo green recycling in Denmark
Netherlands-headquartered SBM Offshore has awarded Modern American Recycling Services Europe (M.A.R.S.) with a contract for dismantling and green recycling of one of its FPSOs. The contract includes engineering, preparation, dismantling and green recycling of SBM Offshore’s FPSO Capixaba in Brazil.
Bulkship Management taps BERG Propulsion to limit engine power on 10 ships
Bulkship Management, the Oslo-based ship manager with a specialty in geared vessels, has signed a contract to implement BERG Propulsion’s ‘EPL for EEXI’ power limitation solution across 10 ships trading in US Gulf and Caribbean waters. The Berg Engine Power Limitation (EPL) is intended for ships who
Ocean Sun starts streamlining floating solar designs for offshore wind-linked project
Norwegian company Ocean Sun has started making design improvements to its floating solar units, based on the insights gained through real sea demonstration of the technology linked with offshore wind turbines in China.
Study: Ammonia-powered ships set to ply West Australia-East Asia iron ore trade by 2028
Ships powered by clean ammonia could be deployed on the iron ore trade routes between West Australia and East Asia by 2028 and reach 5% adoption by 2030. These are the findings of a study from the West Australia – East Asia Iron Ore Green Corridor Consortium. The consortium, led by the Global Mariti
Hywind Tampen floating wind farm now delivering to second oil and gas field
Equinor’s Hywind Tampen, the world’s largest floating offshore wind farm in operation, has started delivering electricity to the Snorre oil and gas field in the Norwegian North Sea. The 88 MW Hywind Tampen delivered first power in November 2022. The electricity was delivered to the Gullfaks A platfo
Euronav CEO Hugo De Stoop steps down
In a surprising turn of events, the Supervisory Board of Belgian tanker major Euronav NV has announced the departure of CEO Hugo De Stoop with immediate effect, citing mutual agreement. The company said in a press release that the majority of the Supervisory Board supported the decision. The move co
Philippines and Indonesia spearhead training programs for seafarers as shipping moves toward decarbonization
The Philippines and Indonesia, which are home to just under 21% of the world’s crew members, are taking action to support their seafarers in developing modern skill sets as shipping decarbonizes. With 252,392 of the world’s seafarers, 13.3% of global crew members, calling the Philippines home, the c
Rethink Energy study: Green H2 is $850bn game everybody wants to play
According to a new study “Global Hydrogen Market Forecast to 2050,” published by Rethink Energy, the energy intelligence arm of Rethink Technology Research, the emergence of a global hydrogen marketplace of about six times the current market size now looks inevitable. In the study, Rethink predicted
Zukunft Gas and partners issue transformation path plan for new gases
An initiative of Germany’s natural gas industry Zukunft Gas, BDEW Federal Association of Energy and Water Industries and the DVGW German Technical and Scientific Association for Gas and Water have presented the “New Gases Transformation Path,” a plan for how the gas industry will become a hydrogen e
Northern Lights director: Market for CO2 transport and storage is evolving rapidly
Northern Lights, a joint venture (JV) of energy majors Shell, Equinor and TotalEnergies, has signed a deal that paves the way for the acceleration of the development of a commercial market for the transport and storage of CO2. Namely, the JV, which is developing a carbon capture and storage project