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Outlook & Strategy

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New company to be created as part of Solstad refinancing
Outlook & Strategy

New companies to be created as part of Solstad refinancing

Solstad Shipholding, a subsidiary of Solstad Offshore, has reached an agreement with Aker, via its wholly owned subsidiary Aker Capital, AMSC, DNB Bank and Export Finance Norway (Eksfin) for an overall refinancing solution which will create a robust industrial platform going forward. Solstad has, to

about 3 years ago
Eesti Gaas to bring extra LNG supplies to Inkoo terminal in Finland
Outlook & Strategy

Eesti Gaas to bring extra LNG supplies to Inkoo terminal in Finland

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Energy company Eesti Gaas, also known as Elenger, has announced it will bring an additional LNG cargo from the United States (U.S.) to the Inkoo terminal, Finland, in the second half of November 2023 to cover the country’s gas consumption. Margus Kaasik, Chairman of the Management Board of Eesti Gaa

about 3 years ago
A photo of the offshore wind turbines at Borssele 1 & 2 offshore wind farm
Outlook & Strategy

Netherlands overshoots 2023 offshore wind target

The Netherlands will reach, and exceed, the target set in its Offshore Wind Energy Roadmap 2023 by the end of this year. The country’s first offshore wind roadmap, created following the Dutch Energy Agreement signed ten years ago, sets a goal of 4.5 GW of installed capacity by the end of 2023 – and

about 3 years ago
DP World
Outlook & Strategy

DP World pens 30-year concession to operate Dar Es Salaam Port

Dubai-based port operator DP World has signed a 30-year concession agreement with the Tanzania Ports Authority (TPA) to operate and modernize the multi-purpose Dar es Salaam Port. The concession was awarded with the primary objective of optimizing the port’s operations to improve transport and logis

about 3 years ago
Eni clinches long-term LNG deal with QatarEnergy to strengthen Italy’s energy security
Outlook & Strategy

Eni clinches long-term LNG deal with QatarEnergy to strengthen Italy’s energy security

Qatar’s state-owned oil and gas company QatarEnergy and Italian energy major Eni have signed a long-term agreement for the supply of LNG from Qatar to Italy. Under the 27-year sale and purchase agreement (SPA), up to one million tons per annum (mtpa) of LNG will be delivered to the floating storage

about 3 years ago
SABRE
Outlook & Strategy

Singapore shortlists six consortia for ammonia project

Six consortia have been shortlisted by the Energy Market Authority (EMA) and Maritime and Port Authority of Singapore (MPA) for Singapore’s ammonia power generation and bunkering project on Jurong Island. The selected proposals will advance to the next stage of development through a closed Request f

about 3 years ago
Illustration/TTI Renewables’ NetBuoy during tank trials (Courtesy of Wave Energy Scotland)
Outlook & Strategy

WES boosts 5 projects to design new class of wave energy converters

Wave Energy Scotland (WES) has awarded funding to five wave energy projects as part of its Direct Generation Concept Design Competition, which aims to develop new class of wave energy devices.

about 3 years ago
MSC Euribia in first LNG bunkering op under Shell-MSC Cruises deal
Outlook & Strategy

MSC Euribia in first LNG bunkering op under Shell-MSC Cruises deal

Energy major Shell Western LNG and MSC Cruises, the cruise division of MSC Group, have completed the first bunkering of LNG-powered vessel MSC Euribia in Rotterdam, the Netherlands, under the agreement for Shell to provide marine fuels for the line’s newbuild. Pierfrancesco Vago, MSC Cruises’ Execut

about 3 years ago
Evergreen joins forces with CIP to explore hydrogen-based shipping fuels
Outlook & Strategy

Evergreen joins forces with CIP to explore hydrogen-based shipping fuels

Taiwanese container shipping major Evergreen has teamed up with Copenhagen Infrastructure Partners (CIP), the world’s largest fund manager within greenfield renewable energy, for collaboration on hydrogen-based marine fuels. To this end, Evergreen and CIP, on behalf of its Energy Transition Fund, ha

about 3 years ago
Euronav
Outlook & Strategy

Euronav, Cargill, and Chevron vow to adopt vessel optimization strategies at GMF summit

Industry giants Chevron, Euronav, and Cargill have announced their joint operational efficiency ambition statement as part of the Global Maritime Forum Annual Summit in Athens. Under the ambition, the trio committed to adopt vessel optimization strategies that can decrease annual fuel consumption by

about 3 years ago
Zhoushan Xinya Shipbuilding Maersk
Outlook & Strategy

Maersk seals world’s 1st methanol dual-fuel conversion project with Chinese shipbuilder

Danish container shipping heavyweight Maersk has signed its first methanol dual-fuel conversion project with Chinese shipbuilder Zhoushan Xinya Shipbuilding Co. The momentous deal, inked during a special ceremony held on October 18, 2023, signifies the inception of the world’s maiden containership m

about 3 years ago
In focus: Hydrogen and CCS – silver bullet or cog in energy transition machine?
Outlook & Strategy

In focus: Hydrogen and CCS – silver bullet or cog in energy transition machine?

As the world turns its attention toward a new/old conflict arising in the Middle East, offshore energy players are seeking new ways to curb climate change and bring us closer to a mellifluous cleaner, greener future. The energy transition process is moving ahead with each passing day but there is no

about 3 years ago
Harland & Wolff wins £61 million contract for FPSO mid-life upgrade
Outlook & Strategy

Harland & Wolff wins £61 million contract for FPSO mid-life upgrade

Harland & Wolff has secured a £61 million contract with Canadian oil and natural gas company Cenovus Energy for the mid-life upgrade of a floating production storage and offloading (FPSO) vessel. The SeaRose FPSO vessel is expected to arrive at the Harland & Wolff Belfast Yard in early 2024 and will

about 3 years ago
Maersk
Outlook & Strategy

Maersk adds Swiss renewable methanol producer to its low-carbon fuel portfolio

Maersk Growth, the venture arm of Danish shipping giant A.P. Moller-Maersk, has added Switzerland-based cleantech and engineering company Methanology AG to its low-carbon fuel portfolio. Methanology focuses on developing technologies capable of producing large quantities of renewable methanol using

about 3 years ago