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Outlook & Strategy

Large-scale hydrogen valley project between Finland and Estonia set to kick off

BalticSeaH2 project – a large-scale cross-border hydrogen valley gathering 40 partners from nine Baltic Sea region countries – with production potential for hydrogen to reach 100,000 tonnes annually, is ready to kick off. BalticSeaH2, prepared by Finnish CLIC Innovation as the project coordinator an

about 3 years ago

Outlook & Strategy

Frontline inks sustainability-linked loan as Fredriksen clashes with International Seaways

Norwegian tanker shipping heavyweight Frontline has secured a sustainability-linked loan, totaling up to $129.4 million. The financing was obtained through a senior secured term loan facility with Dutch banking group ING, which according to Frontline, offers attractive terms and is intended to refin

about 3 years ago

Outlook & Strategy

Selkie project reaches finish line after four years of operation

The Selkie project, a €5.2 million EU-backed cross-border project focused on boosting the marine energy industry in Wales and Ireland, has been concluded following four years of operation. Selkie is a consortium of University College Cork (UCC) and Swansea University (SU) and GDG, DP Energy Ireland,

about 3 years ago

Outlook & Strategy

Eidesvik’s seismic trio finds new owners

Norwegian offshore vessel owner Eidesvik Offshore has entered into agreements with two separate parties for the sale of its three seismic vessels. In a statement issued on 1 June, Eidesvik reported that it was selling the seismic vessels Veritas Viking, Vantage and Viking Vision to two separate buye

about 3 years ago

Outlook & Strategy

UECC’s Auto Energy completes 1st LNG bunkering operation in Mediterranean

United European Car Carriers’ (UECC) state-of-the-art LNG dual-fuel vessel Auto Energy has completed its first LNG bunkering operation in the Mediterranean. According to UECC, a provider of sustainable short sea ro-ro transportation in Europe, the operation took place in the port of Sagunto, Spain,

about 3 years ago

Outlook & Strategy

Luxembourg and Portugal looking into renewable hydrogen corridor

Luxembourg and Portugal have signed a declaration of cooperation on renewable energies, including the development of a renewable hydrogen corridor between the two countries. During his visit to Lisbon, Luxembourg’s Minister of Energy, Claude Turmes, signed the declaration with his Portuguese counter

about 3 years ago

Outlook & Strategy

China’s first offshore CCS demo project up and running

Chinese oil and gas company CNOOC Limited has commissioned what is said to be China’s first offshore carbon capture and storage (CCS) demonstration project. The CCS project, officially commissioned on 1 June, is an auxiliary part of the Enping 15-1 oilfield development and can store more than 1.5 mi

about 3 years ago

Outlook & Strategy

Yang Ming, HD Hyundai Heavy Industries seal deal for five 15,500 TEU LNG-fuelled containerships

Taiwanese shipping company Yang Ming Marine Transportation Corporation has signed a contract with South Korea’s shipbuilding major HD Hyundai Heavy Industries Co., for the en bloc construction of five 15,500 TEU LNG dual fuel container vessels. These new vessels are scheduled to be delivered in 2026

about 3 years ago

Outlook & Strategy

MAN ES ignites excitement: Single-cylinder test of long-awaited ammonia engine about to kick off

German engine manufacturer MAN Energy Solutions says its long-awaited engine is ready to burn ammonia on a single cylinder.

about 3 years ago

Straatman adds mooring system to FSRU Toscana

Outlook & Strategy

OLT Offshore LNG Toscana sees increase in regasification capacity

Italian OLT Offshore LNG Toscana has received authorisation to increase its annual regasification capacity from the current 3.75 billion to about 5 billion standard cubic meters per year. OLT said the capacity increase does not involve plant modifications, but a greater utilisation of the existing p

about 3 years ago

Lloyd’s Register IECRE feasibility statement for Flex Marine Power’s tidal energy device (Courtesy of Lloyd’s Register)

Outlook & Strategy

Lloyd’s Register issues world’s first IECRE feasibility statement for tidal energy device

Scottish company Flex Marine Power has been awarded the world’s first IECRE feasibility statement by Lloyd’s Register for its SwimmerTurbine SW2 tidal energy converter.

about 3 years ago

One of the test facilities at Lir NOTF (Courtesy of Lir NOTF)

Outlook & Strategy

Irish test center opens doors for offshore renewable energy trials

The Lir-National Ocean Test Facility (Lir NOTF), in collaboration with the Sustainable Energy Authority of Ireland (SEAI), has launched a call for scaled physical testing of offshore renewable energy devices.

about 3 years ago

Outlook & Strategy

TotalEnergies and TES to develop large-scale e-NG production unit in US

French energy major TotalEnergies and Belgian green hydrogen company Tree Energy Solutions (TES) have joined forces to study and develop a large-scale production unit in the United States (US) for e-natural gas (e-NG), a synthetic gas produced from renewable hydrogen and CO2. The project, expected t

about 3 years ago

ammonia fueled Ultramax bulk carrier concept together with PGT.

Outlook & Strategy

Pherousa introduces ammonia-to-hydrogen cracking tech on Deltamarin design, readies orders for 6 ammonia-powered bulkers

Norwegian Company Pherousa Green Shipping, in collaboration with Pherousa Green Technologies, has revealed plans to potentially order up to six Ultramax dry bulk carriers, developed in cooperation with Deltamarin in Finland, specifically tailored to run on ammonia as a fuel. The Ultramax ships will

about 3 years ago