Classification society Lloyd’s Register (LR) and Shanghai COSCO Shipping LNG Investment, a subsidiary of China Shipping Corporation Limited, have signed an agreement to collaborate on a new project that aims to formulate and assess the decarbonization pathway for COSCO Shipping’s existing LNG carrie
Container shipping heavyweight A.P. Moller-Maersk (Maersk) has signed an agreement with energy major Equinor thus securing the supply of green methanol for its landmark, methanol-enabled feeder vessel during its initial months of operation from September 2023 and into the first half of 2024. The agr
Harriet Shing, Minister for Regional Development, Victoria, Australia, has announced a new feasibility study that could see Portland become home to one of Australia’s first green shipping fuel production hubs, with $500,000 invested through the Labor Government’s Portland Diversification Fund. The s
Italian cabling giant Prysmian Group has won another contract to deliver a submarine cable project in its homeland, worth around €630 million. With this, the company’s Projects Business Unit order intake exceeds €10 billion year to date, including preferred bidder agreements. Prysmian has secured th
The announcement that the UK is to join the EU’s flagship Horizon Europe program has been deemed as excellent news for Europe’s ocean energy sector as it could help enable the deployment of more ocean energy projects in the water, keeping Europe’s competitive edge in this emerging industry.
Kadri Simson, European Commissioner for Energy, will be present at this year’s Ocean Energy Europe Conference & Exhibition (OEE2023) to deliver a keynote address about what EU has in store for the future of ocean energy.
Chinese shipbuilder CSSC Qingdao Beihai Shipbuilding in collaboration with China State Shipbuilding Trading has signed a contract for the construction of two 325,000 dwt ore carriers with Singapore-based Winning International Group. The contract marks the inaugural cooperation between Winning Intern
Classification society Bureau Veritas (BV) has issued an approval in principle (AiP) to Lattice Technology for the design and development of a 75,000 cbm floating liquified hydrogen (LH2) import terminal. This import terminal is expected to receive the liquefied hydrogen from an LH2 carrier and stor
AQUIND Ltd, the company behind the planned namesake 2 GW electricity interconnector between the UK and France, has established a collaboration with the Portsmouth City Council for the delivery of the project. AQUIND and Portsmouth City Council entered into a works co-operation agreement on 5 Septemb
U.K.’s North Sea Transition Authority (NSTA) is expected to soon assume the role of offshore hydrogen transport and storage regulator following the conclusion of a consultation on the proposal. According to NSTA, the move is intended to support the industry by enabling pioneering projects to obtain
Wave Energy Scotland (WES) has started a series of tank tests of floating wind and wave energy structures at the University of Edinburgh’s FloWave facility to explore the potential benefits the synergy between the two technologies could bring.
Japanese shipping company NYK Line, Malaysian shipping line MISC, and MiQ, a methane measurement certification company, have joined the Methane Abatement in Maritime Innovation Initiative (MAMII). With the new members, the collective of shipping leaders aiming to address the environmental implicatio
The pioneering design for a floating carbon storage and injection unit (FCSIU), developed by Malaysian offshore energy major Bumi Armada, has won approval in principle (AiP) from the ABS classification society. Bumi Armada’s FCSIU concept is a floating terminal capable of storing and injecting liqui
UAE’s integrated gas processing company ADNOC Gas has signed an agreement, valued between $450 million (AED 1.65 billion) and $550 million (AED 2 billion), to supply liquefied natural gas (LNG) to PetroChina International (PCI), a subsidiary of oil and gas company PetroChina. ADNOC Gas said that LNG
