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Outlook & Strategy

In focus: Post-COP26, offshore energy sector using every lever to support creation of net-zero future

As the dust is settling in the aftermath of COP26, new developments in the offshore energy sector are laying the grounds for the net-zero future.

about 5 years ago

Concept for Ocean Harvesting's InfinityWEC (Courtesy of Ocean Harvesting Technologies)

Outlook & Strategy

Ocean Harvesting commissions InfinityWEC test rig

Swedish wave energy developer Ocean Harvesting Technologies has commissioned a Hardware-in-the-Loop (HIL) test rig to validate the InfinityWEC’s power take-off (PTO) with instant force control capabilities.

about 5 years ago

Outlook & Strategy

INTERTANKO backs shipping’s net zero emissions path by 2050

International shipping should strive to achieve net zero CO2 emissions by 2050, the Council of Members of the International Association of Independent Tanker Owners (INTERTANKO) has agreed.

about 5 years ago

Photo showing EMEC’s operations technician preparing waverider buoy for deployment (Courtesy of EMEC/Photo by Colin Keldie)

Outlook & Strategy

EMEC named blue economy enterprise of the year

The European Marine Energy Centre (EMEC) has been named Blue Economy Enterprise of the Year having won the Rural Blue Award at The SHIREs (Scottish Highlands and Islands Rural Economy) Awards.

about 5 years ago

Outlook & Strategy

Yara Birkeland, world’s 1st zero-emission containership, completes maiden voyage

The world’s first electric and self-propelled containership – Yara Birkeland – has completed its maiden voyage in the Oslo fjord, the ship’s owner, Norway-based Yara International, revealed.

about 5 years ago

Photo of Cristina Garcia-Duffy (Courtesy of ORE Catapult)

Outlook & Strategy

ORE Catapult appoints technical director

The Offshore Renewable Energy (ORE) Catapult, the UK’s leading research and innovation centre for offshore wind, wave and tidal energy, has appointed Cristina Garcia-Duffy as its technical director and a member of its executive management team.

about 5 years ago

Outlook & Strategy

Ashtead Technology to begin trading on London stock exchange

Ashtead Technology is set to begin publicly trading on the London Stock Exchange’s Alternative Investment Market (AIM) on 23 November with support from new institutional investors.

about 5 years ago

Outlook & Strategy

Maersk issues 1st green bond to finance methanol-powered newbuilds

Danish container shipping and logistics giant A.P. Moller – Maersk has placed its inaugural €500 million ($567 million) green bond to fund the construction of its first feeder vessel and the series of 8 large ocean-going containerships which will be capable of operating on carbon-neutral methanol.

about 5 years ago

Outlook & Strategy

Euronav continues decarbonization journey with new biofuel trial

After successful completion of a B30 biofuel blend test on the Suezmax vessel Statia, Belgium-based tanker shipping company Euronav has now concluded a B50 biofuel blend trial on its Suezmax tanker Marlin Sardinia.

about 5 years ago

Outlook & Strategy

Stolt Tankers cuts annual CO2 emissions by 6 pct

Stolt Tankers, part of Stolt-Nielsen Limited, has reduced its fuel consumption by 6% compared to 2020, the latest figures show.

about 5 years ago

L to R: António Sarmento; Shigeru Ushio (Courtesy of WavEC Offshore Renewables)

Outlook & Strategy

Portugal and Japan deepen marine energy ties to advance energy transition

A special online conference has been organized by Portugal’s leading marine energy R&D centre, WavEC Offshore Renewables, to provide a platform for Japanese energy firms, institutions and government officials to uncover key marine renewable energy opportunities in the region.

about 5 years ago

Outlook & Strategy

Maritime trade growth to slow down in coming years, UNCTAD predicts

Annual growth in maritime trade between 2022 and 2026 will slow to 2.4%, compared to 2.9% over the past two decades, a new UNCTAD report predicts.

about 5 years ago

Photo showing Orbital Marine's O2 tidal energy turbine (Courtesy of Orbital Marine Power)

Outlook & Strategy

Orbital Marine forms ‘game-changing’ partnership with TechnipFMC for tidal energy scale-up

Scottish company Orbital Marine Power has established a strategic partnership with one of the leading offshore energy players TechnipFMC to accelerate the global commercialisation of its pioneering tidal energy technology.

about 5 years ago

Photo showing the Blue X wave energy prototype at Hatston Pier (Courtesy of Mocean Energy)

Outlook & Strategy

Mocean Energy concludes Blue X wave device sea trials

Mocean Energy’s Blue X wave energy prototype has returned to dock after a successful five-month test period at sea.

about 5 years ago