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Outlook & Strategy

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GOGL
Outlook & Strategy

GOGL welcomes into the fleet two ECO-type, dual-fuel-ready Kamsarmaxes

Norway-based dry bulk shipping company Golden Ocean Group Limited (GOGL) has taken delivery of the first two out of ten ECO-type dual-fuel ready Kamsarmax newbuildings, built by China’s Dalian Shipbuilding Industry Corp. The two bulkers, each with 85,000 dwt, have been named Golden Star and Golden L

about 3 years ago
Ministry of Infrastructure and Water Management.
Outlook & Strategy

Dutch govt earmarks €180 million to advance shore power in seaports

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The Dutch Ministry of Infrastructure and Water Management intends to allocate a sum of €140 million towards supporting the implementation of shore power installations within seaports. Additionally, an extra €40 million will be contributed from the climate fund, the ministry said. Shore power, also k

about 3 years ago
NGO
Outlook & Strategy

BIMCO: 15,000 vessels set to be recycled by 2032

Over the next ten years, from 2023 to 2032, more than 15,000 ships with deadweight capacity of more than 600 million tonnes are expected to be recycled, more than twice the amount recycled in the previous ten years, BIMCO estimates. As recycling volumes increase, it is increasingly important that th

about 3 years ago
Shell
Outlook & Strategy

Another crack at lawsuit against Shell board on the cards over ‘failing to move away from fossil fuels fast enough’

After the lawsuit against Shell’s board of directors was thrown out of court recently, ClientEarth hopes to turn things around at a hearing.

about 3 years ago
Development of world’s largest carbon-free green hydrogen plant in full swing
Outlook & Strategy

Development of world’s largest carbon-free green hydrogen plant in full swing

NEOM Green Hydrogen Company (NGHC), a joint venture created by ACWA Power, Air Products and NEOM, has achieved financial close on the mega green hydrogen production facility in Saudi Arabia at a total investment value of $8.4 billion. The financial close was reached following the signing of financia

about 3 years ago
Illustration/Offshore floating solar system by Oceans of Energy, one of the companies supported by Ocean DEMO calls (Courtesy of Oceans of Energy)
Outlook & Strategy

DMEC launches innovation challenge for offshore test support

Dutch Marine Energy Centre (DMEC) has opened an innovation challenge for technology developers seeking support for their offshore test campaigns.

about 3 years ago
Four firms net EPCI subsea contract for giant Black Sea natural gas project
Outlook & Strategy

Four firms win EPCI subsea contract for giant Black Sea gas project

Turkish Petroleum has awarded a contract for subsurface solutions for the second phase of what is said to be one of Türkiye’s largest energy projects ever built to four companies. Subsea 7 confirmed the award of the “major” contract by Turkish Petroleum for the second phase of the Sakarya field deve

about 3 years ago
The Uldolmok Tidal Power Station (Courtesy of IEA-OES/Photo by KIOST)
Outlook & Strategy

Tidal energy pilot in Korea completes two years of clean power generation

The Uldolmok Tidal Power Station in South Korea has completed two years of electricity generation, exploiting the tides of the Myeongnyang Strait at Jindo Island.

about 3 years ago
Illustration/EEL Energy’s scaled tidal energy converter (Courtesy of EEL Energy)
Outlook & Strategy

EEL Energy gets green light to deploy biomimetic tidal energy turbines in France

EEL Energy has secured a permit from the French navigation authority Voies navigables de France (VNF) to deploy its tidal energy turbine in the river Rhône near Lyon, that will later be accompanied with three additional devices.

about 3 years ago
OSM Maritime
Outlook & Strategy

OSM Maritime and Thome merger cleared, paving way for creation of ship management powerhouse

Competition authorities have approved the merger of ship management companies OSM Maritime Group and Thome Group. The merged company, OSM Thome, will be a powerhouse in the international ship management market, represented in 22 countries and headquartered in Arendal, Norway. “This is a big day for

about 3 years ago
MAN Engine 6L4960DF
Outlook & Strategy

Dual-fuel retrofitting cost shouldn’t exceed 25 pct of ship’s newbuild price

The retrofitting cost of an existing ship fitted with a two-stroke engine to a dual-fuel engine should not exceed 25 percent of the ship’s newbuilding cost, according to an assessment from DNV and MAN Energy Solutions. The duo carried out an analysis of how retrofitting the existing maritime fleet t

about 3 years ago
Marine license in place for Scottish subsea electricity superhighway
Outlook & Strategy

Marine license in place for Scottish subsea electricity superhighway

SSEN Transmission has secured a marine license for its proposed new subsea electricity superhighway along the east coast of Scotland. The Eastern Green Link 2 project, delivered in partnership with National Grid Electricity Transmission (NGET), will see the creation of a subsea transmission cable fr

about 3 years ago
A Coast Guard Station Freeport 45-foot Response Boat-Medium boatcrew rescues three boaters aboard an oil rig after their vessel began sinking near Freeport, Texas; Credit: U.S. Coast Guard photo by St
Outlook & Strategy

Gallery: Three stranded offshore workers rescued from oil rig in U.S. waters

The U.S. Coast Guard has carried out a rescue mission of three offshore workers from an oil rig off the coast of the United States.

about 3 years ago
Modular offshore platform; Source: Aquaterra Energy
Outlook & Strategy

In with green hydrogen, out with black gold: Will this be a blueprint for the Middle East’s energy transition or is there something else in store?

The Middle East is pivoting towards renewables and green hydrogen while building a more sustainable oil and gas sector.

about 3 years ago