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Cosco Shipping Development electric ship

Outlook & Strategy

COSCO Shipping’s electric containership hits the water

Chinese shipping company COSCO Shipping Development reached a significant milestone on July 26 with the launch of its 700 TEU electric container ship (N997) at the COSCO SHIPPING Heavy Industry in Yangzhou. The vessel, powered by portable container-sized batteries, is a 10,000-DWT specific route riv

about 3 years ago

Outlook & Strategy

ADNOC’s decarbonisation journey picks up speed with new net-zero target

UAE’s ADNOC has decided to step up its decarbonisation efforts by accelerating its net-zero ambition to 2045.

about 3 years ago

Outlook & Strategy

Fugro performs another fully remote survey for TAQA

Fugro has completed another fully remote offshore survey inspection in the North Sea for the oil and gas operator TAQA Group. Fugro completed its first fully remote offshore integrity inspections campaign in the North Sea for TAQA Netherlands at the beginning of the year using the Fugro Orca Blue Es

about 3 years ago

Outlook & Strategy

Fulkrum to provide inspection services for Sempra’s PALNG project

Provider of inspection, expediting, auditing and technical staffing services Fulkrum has been awarded a seven-figure contract for the provision of third-party inspection services on Sempra Infrastructure’s Port Arthur LNG (PALNG) Phase 1 project in Port Arthur, Texas, U.S. Specifically, Fulkrum has

about 3 years ago

Illustration/Magallanes Renovables' ATIR tidal energy platform (Courtesy of Magallanes Renovables)

Outlook & Strategy

Welsh research project deploys sonar on tidal energy converter

Underwater active sonar technology has been deployed on the Magallanes Renovables’ ATIR tidal energy converter as part of Menter Môn’s Marine Characterization Research Project (MCRP).

about 3 years ago

Outlook & Strategy

Svanehøj sees growing number of LPG tankers adding ammonia to cargo list

Amidst a shifting landscape in the quest for carbon neutrality, shipowners worldwide are now gearing up to embrace the anticipated demand growth for ammonia, with multiple tankers slated to incorporate ammonia in their cargo list. Svanehøj, a Danish-based pump manufacturer, has witnessed a remarkabl

about 3 years ago

Outlook & Strategy

Provaris: 2.8 GW green hydrogen project on Tiwi Islands advances

Australian Provaris Energy has informed that it continues to make progress on its Tiwi H2 green hydrogen export project on the Tiwi Islands, Northern Australia through its early works program initiated in late 2022 that covers detailed engineering, permitting and land and project agreements. It stat

about 3 years ago

The Blue X wave energy device (Courtesy of Mocean Energy)

Outlook & Strategy

Thailand’s energy major joins ‘wave power for subsea equipment’ scheme

Thailand’s state energy company PTTEP has joined the Renewables for Subsea Power (RSP) collaborative project which is intended to prove the concept of powering subsea equipment with wave power and intelligent subsea energy storage.

about 3 years ago

Outlook & Strategy

Spanish firm begins another survey for first UK-Germany energy link

An environmental survey is about to commence on the UK side of an interconnector that will link the UK and Germany for the first time. Spain’s Geociencias y Exploraciones Marítimas (GEM) will perform a survey of the route for the installation of the NeuConnect Interconnector, nominally 705 kilometer

about 3 years ago

Outlook & Strategy

Venture Global reaches ‘major regulatory milestone’ for CP2 LNG

US-based Venture Global LNG has received a positive final environmental impact statement (FEIS) from the Federal Energy Regulatory Commission (FERC) for its third project, CP2 LNG. Venture Global welcomed the FEIS, which was issued last week, as a major regulatory milestone for the project that will

about 3 years ago

Outlook & Strategy

Carisbrooke Shipping to install solar cells on its vessels after triumph at sea

UK shipowner Carisbrooke Shipping has signed a letter of intent with Anglesey and Manchester-based Grafmarine to utilise their NanoDeck AI Solar tile management solution. The shipping company will install the solar cells on its vessels to manage and store renewable energy following successful trials

about 3 years ago

Illustration/OPT’s PowerBuoy (Courtesy of OPT)

Outlook & Strategy

OPT grows 2023 net loss as revenues increase

US-based marine energy company Ocean Power Technologies (OPT) has increased its net loss for the fiscal year 2023, compared to the same period a year earlier, recording also a 55% rise in revenues for the period.

about 3 years ago

Outlook & Strategy

OCI Global to supply X-Press Feeders with green methanol after Maersk success

Dutch producer and distributor of hydrogen-based products OCI Global will supply Singapore-based shipping company X-Press Feeders with OCI HyFuels green methanol for their new-build methanol dual-fueled common feeder ships. OCI Global said that this was the first green methanol deal with a feeder co

about 3 years ago

Outlook & Strategy

Ocean giants unite to forge mega fleet of semi-submersible vessels

China-based companies specializing in ocean-based heavy lift transport COSCO SHIPPING Specialized and Guangzhou Salvage have concluded a joint venture deal leading to the creation of a fleet of 18 semi-submersible vessels by the end of 2023. Commercial management of the fleet will be handled by the

about 3 years ago