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Outlook & Strategy

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LR partners with The Alan Turing Institute to advance maritime digitalisation
Outlook & Strategy

LR partners with The Alan Turing Institute to advance maritime digitalisation

Classification society Lloyd’s Register (LR) has teamed up with The Alan Turing Institute, UK’s national institute for data science and AI, to advance maritime digitalisation. The parties will collaborate to provide companies adopting digital technology with a fast and cost-effective independent ass

about 4 years ago
Alfa Laval
Outlook & Strategy

Alfa Laval: HT-PEM fuel cell system using methanol passes tests

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In Q2 2022, Swedish sustainable solutions provider Alfa Laval started up a small-scale methanol fuel cell system at the Alfa Laval Test & Training Centre. Based on positive test results, the project is on track for a 200 kW installation.

about 4 years ago
Second ‘Dragon 4’ tidal power plant arrives in Faroe Islands (Courtesy of Minesto)
Outlook & Strategy

Minesto starts commissioning second ‘Dragon 4’ tidal power plant

Swedish marine energy company Minesto has started commissioning works for its second Dragon Class tidal power plant in Faroe Islands.

about 4 years ago
Babcock
Outlook & Strategy

Babcock teams up with Hyundai Heavy, Hyundai Mipo to develop LCO2 carriers

British engineering services company Babcock has partnered with South Korean shipbuilders Hyundai Heavy Industries (HHI) and Hyundai Mipo Dockyard (HMD) to develop liquefied CO2 carrier designs to service a growing demand for this kind of vessel.

about 4 years ago
Shipping needs up to $28 billion per year to switch to carbon-neutral fuels by 2050, DNV forecasts
Outlook & Strategy

Shipping needs up to $28 billion per year to switch to carbon-neutral fuels by 2050, DNV forecasts

With the fuel transition underway, the shipping industry will need massive onboard technology investments ranging between $8 to $28 billion per year between 2022 and 2050 to reach full net-zero goals, a forecast released by the classification society DNV reports. DNV released its sixth maritime fore

about 4 years ago
API: American oil & gas as ‘reliable and realistic partners’ of renewables and energy security
Outlook & Strategy

API: American oil & gas as ‘reliable and realistic partners’ of renewables and energy security

API advocates for a ramp-up of U.S. oil and gas production to solve energy security and energy transition concerns.

about 4 years ago
Sigma Energy’s full-scale device installed in the Adriatic Sea (Courtesy of Ocean Energy Europe)
Outlook & Strategy

Sigma Energy deploys full-scale wave energy prototype offshore Montenegro

Slovenia-based company Sigma Energija (Sigma Energy) has deployed a full-scale wave energy device offshore the city of Bar in Montenegro.

about 4 years ago
DSME and DNV team up to develop wind-assisted propulsion tech
Outlook & Strategy

DSME and DNV team up to develop wind-assisted propulsion tech

South Korean shipbuilding major Daewoo Shipbuilding & Marine Engineering (DSME) and classification society DNV have signed a memorandum of understanding (MoU) to develop wind assistance propulsion technology. The two parties signed the MoU during this year’s Gastech, a global gas, LNG, hydrogen, and

about 4 years ago
As UK’s new PM puts energy security as priority, OEUK sees opportunity to speed up energy transition with domestic oil & gas
Outlook & Strategy

With UK’s new PM prioritising energy security, OEUK sees opportunity to speed up low-carbon transition

As the UK gets its new PM, OEUK believes this is an opportunity to accelerate energy transition with domestic oil & gas investments.

about 4 years ago
Illustration/One of LiftWEC device concepts (Courtesy of LIftWEC Project)
Outlook & Strategy

Final LiftWEC wave energy concept moves forward to tank trials

The partners in the EU-funded €3.4 million LiftWEC project have selected the final concept for a wave energy device, based on hydrodynamic lift forces, that will be put through its paces at the wave tank in Ecole Centrale de Nantes.

about 4 years ago
CMA CGM
Outlook & Strategy

CMA CGM creates $1.5 billion fund to speed up shipping decarbonisation

French shipping major CMA CGM has decided to create a Special Fund for Energies, backed by a five-year $1.5 billion budget, to accelerate its energy transition and achieve net-zero carbon by 2050. The fund will invest to support the industrial production of new fuels and low-emission mobility soluti

about 4 years ago
Ahstead buys subsea dredging solutions provider
Outlook & Strategy

Ashtead buys subsea dredging solutions provider

Ashtead Technology is expanding its mechanical solutions service offering with the acquisition of WeSubsea, a provider of subsea dredging technology solutions. The transaction is expected to close during the fourth quarter of the year and will be Ashtead’s sixth acquisition in the past five years. A

about 4 years ago
Welsh First Minister Mark Drakeford presented with the ‘State of the Sector’ report (Courtesy of Marine Energy Wales)
Outlook & Strategy

Tidal stream and FLOW at the forefront of near-term economic opportunity for Wales, report finds

Marine Energy Wales has released its annual ‘State of the Sector Report’ which dives into the opportunities and economic benefits of the developing marine energy sector in Wales.

about 4 years ago
ESB and dCarbonX to work on green hydrogen storage in Ireland
Outlook & Strategy

ESB and dCarbonX to work on green hydrogen storage in Ireland

Irish utility company Electricity Supply Board (ESB) and asset-focused energy company dCarbonX have signed a joint venture agreement to progress large-scale energy storage projects off the coast of Ireland.

about 4 years ago