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Outlook & Strategy

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Wärtsilä equipment ordered for China-built LNG bunkering vessel duo
Outlook & Strategy

Wärtsilä equipment ordered for China-built LNG bunkering vessel duo

Wärtsilä Gas Solutions, part of technology group Wärtsilä, has been appointed to supply its cargo handling and fuel gas supply systems for two LNG bunkering vessels that are under construction in China. The vessels have a capacity of 20,000 m3 and are currently being built at the Zhejiang XinLe Ship

about 7 months ago
Eco Wave Power’s pilot passes real-world sea conditions test
Outlook & Strategy

Eco Wave Power’s pilot passes real-world sea conditions test

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Eco Wave Power’s wave energy project at Jaffa Port in Israel has continued strong energy production and demonstrated stable and reliable operation under real-world sea conditions in the first month of 2026, the company reported. The EWP-EDF One wave energy pilot project has maintained zero downtime,

about 7 months ago
Korean-Dutch partnership pursuing hydrogen retrofit for feeder vessel
Outlook & Strategy

Korean-Dutch partnership pursuing hydrogen retrofit for feeder vessel

South Korea’s maritime decarbonization technology specialist Vinssen and Dutch engineering firm MANA Engineering have signed a memorandum of understanding (MOU) to jointly develop a hydrogen fuel cell-based retrofit solution for an 800 TEU feeder container vessel operating in Northern Europe and the

about 7 months ago
Seatrium yard; Source: Seatrium
Outlook & Strategy

Seatrium continues its divestment series

Singapore-based offshore, marine, and energy solutions provider Seatrium is undertaking a series of additional divestments as part of its ongoing efforts to rationalize non-core assets, streamline operations, and drive long-term value for shareholders. Seatrium has divested a fleet of 17 tugboats in

about 7 months ago
Tidewater’s fleet to grow to 231 units following acquisition of Brazil’s Wilson Sons
Outlook & Strategy

Tidewater’s fleet to grow to 231 units following acquisition of Brazil’s Wilson Sons

U.S. offshore vessel operator Tidewater is set to see an increase in its global vessel fleet size to 231 units thanks to the acquisition of Brazilian shipping company Wilson Sons. Tidewater has entered into a definitive agreement to acquire all of the outstanding shares of Wilson Sons Ultratug Parti

about 7 months ago
Anemoi and COSCO Shipping Heavy Industry renew wind propulsion collaboration
Outlook & Strategy

Anemoi and COSCO Shipping Heavy Industry renew wind propulsion collaboration

UK-based wind-assisted propulsion provider Anemoi Marine Technologies has renewed its framework agreement with Chinese COSCO Shipping Heavy Industry (CHI) for the provision of comprehensive wind propulsion installation services across CHI subsidiary shipyards. The partners have completed the install

about 7 months ago
NKT secures copper supply for next ten years
Outlook & Strategy

NKT secures copper supply for next ten years

As its copper demand continues to grow in line with the expansion of production facilities, Denmark-headquartered NKT has renewed its long-term copper supply agreement with European mining and smelting company KGHM, ensuring availability for the next decade. The current contract was signed in 2023 a

about 7 months ago
€17.5M investment to expand EMEC’s tidal energy test facilities
Outlook & Strategy

€17.5M investment to expand EMEC’s tidal energy test facilities

The European Marine Energy Centre (EMEC) has secured a £15 million (around €17.5 million) investment to expand its tidal energy research and development (R&D) infrastructure in Orkney, Scotland. The Blue Horizon project will expand EMEC’s tidal test facilities to enable the demonstration of tidal en

about 7 months ago
Consortium selected to lead Vietnam’s largest LNG power project
Outlook & Strategy

Consortium selected to lead Vietnam’s largest LNG power project

A consortium of South Korea’s SK Innovation, PetroVietnam Power Corporation (PV Power), a subsidiary of Vietnam’s state-run PetroVietnam group, and Vietnamese company NASU has been selected as the project developer for Vietnam’s largest LNG power project. Valued at approximately $2.3 billion, the Qu

about 7 months ago
Reach Subsea about to begin six-month survey campaign for second Shetland HVDC link
Outlook & Strategy

Reach Subsea about to begin six-month survey campaign for second Shetland HVDC link

Norway’s Reach Subsea is anticipated to commence an offshore survey campaign next week for the second 525 kV HVDC cable link between Shetland and the Scottish mainland, known as the Shetland HVDC Link 2. Shetland 2 will connect 330 kilometers between Shetland and the mainland to bring 2 GW of renewa

about 7 months ago
‘World’s most powerful’ subsea trencher in Port of Blyth for fit-out and commissioning
Outlook & Strategy

‘World’s most powerful’ subsea trencher in Port of Blyth for fit-out and commissioning

A new subsea trencher destined for Danish power cable manufacturer and installation firm NKT, deemed the world’s most powerful, has arrived at the UK’s Port of Blyth to continue the fit-out and commissioning. NKT announced the investment in the NKT T3600 trencher in June 2025, as part of its ongoing

about 7 months ago
CMA CGM finalizes 6-unit-strong LNG vessel order, launches R&D hub in India
Outlook & Strategy

CMA CGM finalizes 6-unit-strong LNG vessel order, launches R&D hub in India

French shipping and logistics major CMA CGM Group has signed the final shipbuilding contract with India’s Cochin Shipyard Limited (CSL) for six LNG-powered containerships. The newbuilds, for which a letter of intent (LOI) was signed in October 2025, will have a capacity of 1,700 TEUs, will be able t

about 7 months ago
South African port confirmed as ‘suitable’ for wave energy project
Outlook & Strategy

South African port confirmed as ‘suitable’ for wave energy project

Eco Wave Power has completed a feasibility study for a potential wave energy power station at the Port of Ngqura in South Africa, stating that it had shown encouraging results. Conducted in collaboration with Africa Great Future Development (AGFDL), the feasibility study assessed site conditions, wa

about 7 months ago
Østensjø Rederi’s hybrid tug to feature Finland-made propulsion
Outlook & Strategy

Østensjø Rederi’s hybrid tug to feature Finland-made propulsion

Spain’s GONDAN Shipbuilders has placed an order with Finnish company Steerprop to deliver propulsion for a new hybrid tugboat, the first tug design from naval architect Skipsteknisk, destined for Norwegian shipowner Østensjø Rederi. Steerprop will supply dual-end versions of its SP 50 W D propulsors

about 7 months ago