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Outlook & Strategy

Carisbrooke Shipping to trial hydrogen engine on board one of its vessels

UK-based shipping company Carisbrooke Shipping has partnered with London-based tech startup Carnot Ltd whose consortium has been awarded £2.3M to develop a zero-emission hydrogen auxiliary engine demonstrator. Following design, simulations and rigorous testing, the single-fuel hydrogen 50kW engine w

about 3 years ago

Outlook & Strategy

CIMC Group: MSC’s recently ordered LNG-powered boxships will be ammonia-ready

Although liner heavyweight Mediterranean Shipping Company (MSC) is trying to keep its ordering of new boxships on the down low, details have emerged of the company’s ten recently ordered LNG dual-fuel containerships. The order was confirmed by China’s CIMC Group, which disclosed that the constructio

about 3 years ago

Outlook & Strategy

On a mission to curb rig emissions, Diamond Offshore joins forces with Norwegian firm

In a bid to reduce its carbon footprint and improve energy efficiency, Diamond Offshore, has teamed up with Norway’s Stepwise.

about 3 years ago

Outlook & Strategy

Energean and Shell join forces to investigate decarbonisation solution

Energean Egypt and Shell Egypt have entered a Memorandum of Understanding (MoU) to explore a mutually beneficial decarbonisation solution. According to Energean, the MoU is designed to support the decarbonisation and the energy transition of the Arab Republic of Egypt, contributing to global efforts

about 3 years ago

Outlook & Strategy

Costa Group, Proman to drive adoption of methanol as a marine fuel for the cruise industry

Carnival Corporation’s Costa Group and Proman, a top methanol producer, have signed a Memorandum of Understanding (MoU) to advance the use of methanol as a marine fuel for the cruise industry. The partnership aims to accelerate the energy transition and decarbonization of the existing fleet by impro

about 3 years ago

Outlook & Strategy

New company for offshore services comes to market

France-headquartered Bourbon and Canada’s Horizon Maritime have established a new company with a base fleet of seven vessels dedicated to providing marine services and operations with a focus on the North Sea and Canadian offshore markets. Incorporated in Norway, Bourbon Horizon is strategically pos

about 3 years ago

Outlook & Strategy

Belgium and Germany bolster energy collaboration

Belgium and Germany have signed an agreement to intensify their energy collaboration and enhance their energy independence, through an Energy Contact Group among other things. The agreement was signed on 15 February in Zeebrugge where Belgian Prime Minister Alexander De Croo received German Chancell

about 3 years ago

NetBuoy deployed for sea trials in the Cromarty Firth, Scotland (Courtesy of TTI)

Outlook & Strategy

US company to use TTI’s NetBuoy concept for wave energy device

California-based wave energy technology developer Centipod has teamed up with TTI Marine Renewables, a Scottish subsidiary of Tension Technology International (TTI), on the development of its wave energy device.

about 3 years ago

Outlook & Strategy

ECSA calls for inclusion of fuel suppliers under the scope of FuelEU Maritime

The European Community Shipowners’ Associations (ECSA) calls on the European Parliament and the Council to support the mandatory inclusion of fuel suppliers under the scope of FuelEU Maritime as proposed by the European Parliament in Amendment 129. The amendment approved on October 19th says that if

about 3 years ago

Outlook & Strategy

FuelCell Energy and MHB to develop large-scale electrolyzer facilities

US-based FuelCell Energy and Malaysia Marine and Heavy Engineering (MMHE), a wholly-owned subsidiary of Malaysia Marine and Heavy Engineering Holdings Berhad (MHB), have signed a Memorandum of Understanding (MoU) to collaborate on the development of large-scale electrolyzer facilities in Asia, New Z

about 3 years ago

Outlook & Strategy

Euronav teams up with Toqua to save fuel and cut emissions

Belgian tanker shipping major Euronav has teamed up with Toqua, a compatriot tech startup focusing on decarbonizing shipping using AI to reduce emissions and improve fuel efficiency. The collaboration began in 2020 when Euronav and Toqua explored how sensor data could improve ship performance models

about 3 years ago

Outlook & Strategy

Shell: Europe’s LNG demand to intensify competition and dominate trade in the long term

Europes’s increased need for liquefied natural gas (LNG) will likely intensify competition with Asia for limited new supply available over the next two years and may dominate LNG trade over the long term, energy major Shell stated in its LNG Outlook 2023. It is reported that European countries, incl

about 3 years ago

Outlook & Strategy

Equinor’s 20-year-old Norwegian Sea field gets lifetime extension

The Norwegian Petroleum Directorate (NPD) has granted Equinor consent for the extended use of the subsea facility on the Mikkel field in the Norwegian Sea for another five years. Mikkel lies on the Halten Bank, 35 kilometers south of the Midgard deposit in the Åsgard license. It produces through the

about 3 years ago

Outlook & Strategy

Asso.subsea connects Greek island-based wind farm to mainland (Gallery)

Asso.subsea has completed the installation of the 150 kV submarine cable system which will connect a 330 MW onshore wind farm on the Greek island Evia to the country’s mainland grid. The company announced on 16 February the completion of the submarine export cable installation and protection for the

about 3 years ago