Researchers from the National Renewable Energy Laboratory (NREL) have identified the most cost-effective ways for the U.S. Department of Energy (DOE) to acquire mooring systems for PacWave – a new wave energy test site offshore Oregon – which could facilitate the test campaigns for developers.
Wood Mackenzie believes that emerging sectors will not be able to usher in a net-zero by 2050 era without CCUS.
CorPower Ocean has completed the first steps of the commissioning program for its commercial-scale wave energy converter – the CorPower C4 – enabling the device to start exporting power to the Portugal’s grid.
U.S. cable installation contractor Caldwell Marine International (CMI) has placed an order with Royal IHC Offshore Energy for a subsea-tracked trenching vehicle, expected to support its future work in the U.S. offshore wind sector. The scope of the contract award includes the new Amphibious Hi-Traq
The CEO of Wallem Group John-Kaare Aune is stepping down from his role following a transitional period, culminating in his departure in January 2024. Aune’s journey with Wallem commenced in 2019 when he assumed the role of Managing Director, Shipmanagement. Subsequently, in January 2021, he ascended
The world’s first LNG-fueled Panamax-class coal carrier, named Shoyo, has kick-started commercial operations after being bunkered with its first fuel at the beginning of October. The vessel was built by Japanese shipbuilder Oshima Shipyard for compatriot Nippon Yusen Kabushiki Kaisha (NYK) and Kyush
China’s CIMC SOE has held a delivery signing ceremony for Italian shipowner Fratelli Cosulich’s 8,200 m3 LNG bunkering ship Alice Cosulich. The vessel has a total length of 113 m, a molded width of 20 m, a molded depth of 13.5 m, a design draft of 6.35 m and a load capacity of about 5,300 […]
Dubai-based port operator DP World has raised USD 1.5 billion through a Green Sukuk to support its global decarbonization efforts. Sukuk are Islamic financial instruments representing ownership and profit-sharing in asset-backed, Sharia-compliant investments. DP World said that the Sukuk was oversub
The collaborative EU-backed NEMMO project has reached its last and most significant milestone – producing novel-design tidal turbine blades, three of which are being shipped to be fitted on Magallanes Renovables’ ATIR tidal energy platform in Scotland.
German engine manufacturer MAN Energy Solutions (MAN ES) has formed a partnership with industry leaders and research institutes to develop concepts for hydrogen-fueled medium-speed engines in the maritime sector. The partnership will work on the project dubbed ‘HydroPoLEn’, which is supported and fu
Hong Kong-based dry bulk shipping company Pacific Basin anticipates limited orders for dual-fuel methanol-enabled mid-size dry bulk vessels in 2024. As explained, these vessels are expected to primarily consume conventional fuel oil in the foreseeable future due to the limited availability and high
MacArtney has delivered what it says is the world’s first all-electric launch and recovery system (eLARS) to Jan De Nul, supporting the company’s dedication to a sustainable energy transition. Jan De Nul utilized the eLARS on its offshore support vessel Symphony and the new cable trencher Swordfish.
Zagreb-based LNG Croatia has signed a joint development agreement with Seoul-based SK E&S for possible cooperation in the field of the LNG industry, renewable energy sources and energy efficiency. LNG Croatia said the two companies will work together on projects for the efficiency of the LNG termina
Belgian tanker major Euronav revealed that it had lifted the option for a second very large crude carrier (VLCC) newbuild. The option was available under a contract Euronav signed in August with CSSC Qingdao Beihai Shipbuilding, a subsidiary of China State Shipbuilding Corporation (CSSC). The constr
