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Outlook & Strategy

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The retrieval and towing operation for UniWave200 wave energy device (Courtesy of Engage Marine)
Outlook & Strategy

Australian wave energy pilot ends after two years at sea

Australian company Wave Swell Energy has retrieved its UniWave200 wave energy device after being deployed for over two years off the coast of King Island in Tasmania.

about 3 years ago
Keppel - Sembcorp Marine
Outlook & Strategy

Sembcorp Marine to rebrand as Seatrium

Singapore-based shipbuilder Sembcorp Marine is proposing to change its name to Seatrium Limited. The move follows the completion of the combination of the businesses of Sembcorp Marine Ltd and Keppel Offshore & Marine Ltd on 28 February 2023. Following the completion of the proposed combination of S

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about 3 years ago
The ‘EWP-EDF One’ project (Courtesy of Eco Wave Power)
Outlook & Strategy

Eco Wave Power signs Israel’s first ever PPA for wave energy

Eco Wave Power has entered into an official power purchase agreement (PPA) with the Israeli National Electric Company (IEC) for the newly installed wave energy project at the Port of Jaffa in Tel Aviv.

about 3 years ago
Illustration; IMO Secretary General Kitack Lim; Image courtesy: IMO
Outlook & Strategy

7 candidates join the race for IMO Secretary-General role

Seven member states of the International Maritime Organization (IMO) have nominated candidates for the post of Secretary-General, as the term of the current incumbent, Kitack Lim of the Republic of Korea, is set to expire on December 31, 2023. The seven nominees are Moin Uddin Ahmed of Bangladesh, S

about 3 years ago
Illustration/North India’s largest 2MW floating solar plant at Water Works, Chandigarh (Courtesy of Hartek Solar)
Outlook & Strategy

Hartek Solar bags contract for 22MW floating solar project in northern India

Hartek Solar has secured a contract from SJVN Green Energy to build a 22MW floating solar project in India’s northern state of Himachal Pradesh.

about 3 years ago
IMO
Outlook & Strategy

Portugal ratifies Hong Kong Convention for safer ship recycling

Portugal is the latest country to accede to IMO’s Hong Kong Convention for the Safe and Environmentally Sound Recycling of Ships. The convention covers the design, construction, operation, and maintenance of ships, and preparation for ship recycling to facilitate safe and environmentally sound recyc

about 3 years ago
Ocean Installer and Baker Hughes join hands for integrated subsea engineering solution
Outlook & Strategy

Ocean Installer and Baker Hughes join hands for integrated subsea engineering solution

Marine construction and operations contractor Ocean Installer and energy technology company Baker Hughes have formalized an alliance to deliver an integrated subsea engineering solution said to provide efficiencies from project appraisal through to operations. The new global agreement is expected to

about 3 years ago
Technip Energies secures pre-FEED contract for Hy2gen’s Courant project
Outlook & Strategy

Technip Energies secures pre-FEED contract for Hy2gen’s Courant project

Green hydrogen production company Hy2gen has commissioned engineering and technology company Technip Energies to complete a pre-FEED study for its renewable hydrogen and renewable ammonia project, named Courant, located in Baie Comeau, Quebec, Canada. The pre-FEED phase for the project started at th

about 3 years ago
Elenger receives LNG from the United States via Finland’s Inkoo terminal
Outlook & Strategy

Elenger receives LNG from the United States via Finland’s Inkoo terminal

Dutch energy and commodities company Vitol has delivered the first LNG cargo to Elenger, one of the largest private energy companies in the eastern Baltic Sea region, via Finland’s new import terminal in the port of Inkoo. According to Vitol, the cargo was delivered on 2 April and it came from its p

about 3 years ago
New Petrofac chief executive officially takes over
Outlook & Strategy

Petrofac’s new chief executive officially takes over

McDermott’s Tareq Kawash has officially taken over the role of Group Chief Executive and Executive Director at Petrofac after Sami Iskander stepped down in order to pursue other interests. The oilfield services provider confirmed that the new group chief executive started the role as of 1 April and

about 3 years ago
J. Lauritzen books methanol dual-fuel bulkers in Japan
Outlook & Strategy

J. Lauritzen books methanol dual-fuel bulkers in Japan

J. Lauritzen, a Danish investment company focused on maritime industries, has signed a letter of intent (LoI) with Japanese shipbuilder Tsuneishi Shipbuilding for the construction of methanol dual-fuel bulk carriers. The LoI includes the construction of minimum two methanol dual-fuel 81,200 dwt Kams

about 3 years ago
Botas
Outlook & Strategy

Turkey’s 1st LNG dual-fuel tugboat starts taking shape

Turkish Uzmar Shipyard has held a steel-cutting ceremony for Turkey’s first dual-fuel tugboat, being built for BOTAŞ Petroleum Pipeline Corporation (BOTAS), the state-owned crude oil and natural gas pipelines and trading company. The shipyard will build two Voith tractor-type propeller tugboats that

about 3 years ago
Statkraft to provide renewable power for Fortescue’s Holmaneset green project
Outlook & Strategy

Statkraft to provide renewable power for Fortescue’s Holmaneset green project

Fortescue Future Industries (FFI), a global green energy company, has secured renewable power for its proposed Holmaneset green energy project by entering into a long-term power purchase agreement (PPA) with Statkraft, a supplier of renewable energy. Under the conditional agreement, Statkraft is exp

about 3 years ago
powered by methanol
Outlook & Strategy

Consort Bunkers orders six methanol bunkering vessels at Nanjing Jinling

Singapore shipowner Consort Bunkers has signed a contract with China Merchants Industry Nanjing Jinling Shipyard for six 6,500-ton methanol fuel bunkering ships. The 6,500-ton methanol fueling ships have a total length of 103.88 meters, a molded width of 19.00 meters, and a design draft of 7.00 mete

about 3 years ago