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Outlook & Strategy

Maersk Drilling boasts largest quarterly backlog addition since 2017

Maersk Drilling has added hundreds of millions to its contract backlog, its largest quarterly backlog addition since 2017.

about 5 years ago

Photo showing Penguin wave energy device (Courtesy of Wello)

Outlook & Strategy

Penguin getting close to final destination in Spain

The Penguin wave energy device, developed by the Finnish company Wello, is completing the last leg of its journey to the Basque Country where it will be installed for testing at the Biscay Marine Energy Platform (BiMEP).

about 5 years ago

Outlook & Strategy

Essberger orders 4+4 LNG-powered chemical tankers in China

German shipowner John T. Essberger Group has signed final agreements with China Merchants Jinling Shipyard Dingheng Co. Ltd to build four 6,600 dwt stainless steel parcel chemical tankers with options for an additional four vessels.

about 5 years ago

Outlook & Strategy

SRTI report: Twelve major shipowners to accelerate responsible ship recycling

On May 18, Ship Recycling Transparency Initiative (SRTI) hosted by the Sustainable Shipping Initiative (SSI) published its annual progress report compiling data from twelve major shipowners which operate a total of 3439 vessels.

about 5 years ago

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

Outlook & Strategy

Orbital Marine signs up for PTEC berth off the Isle of Wight

Orbital Marine Power has signed an agreement with Perpetuus Tidal Energy Centre (PTEC) to deploy its tidal turbines offshore the Isle of Wight.

about 5 years ago

Outlook & Strategy

EEL Energy boosts testing activities ahead of Bordeaux campaign

French company EEL Energy has ramped up testing activities on its tidal energy technology whose design was inspired by bio-mimicry ahead of trials at SEENEOH test centre in Bordeaux planned for this year.

about 5 years ago

Outlook & Strategy

Poland to invest billions of Euros in offshore wind, green hydrogen, port development

The Polish government has allocated more than € 4 billion for offshore wind, port development, and hydrogen production and distribution in its National Reconstruction Plan (KPO). The KPO has been adopted by the Council of Ministers and submitted to the European Commission through which Poland will t

about 5 years ago

Outlook & Strategy

OMV reviews associations memberships for net-zero by 2050

OMV reviews its industry association memberships to see whether they are aligned with the net-zero by 2050 goal.

about 5 years ago

Outlook & Strategy

NS to digitalise Norsepower’s wind propulsion technology

Finland-based provider of auxiliary wind propulsion systems Norsepower has partnered with UK’s ship management company Newport Shipping (NS) to become wind propulsion provider within NS digital platform created for shipowners planning retrofit projects.

about 5 years ago

Outlook & Strategy

Subsea sector urged to act now to profit from energy transition

The subsea industry must act now to capitalize on the energy transition as the road to net zero is already underway and companies need to meet the change of pace required, according to Tom Heggarty, principal analyst in Wood Mackenzie’s Energy Transition Practice. Opportunities include facilitating

about 5 years ago

Outlook & Strategy

Westwood: 30 FPSOs to become available by end of 2022

Market research provider and consultancy Westwood Global Energy Group has estimated that 30 floating, production, supply, and offloading (FPSO) vessels will become available by the end of 2022.

about 5 years ago

Outlook & Strategy

IEA: Shipping to miss zero emissions target in 2050

Shipping is one of the few transport modes that does not achieve zero emissions in the Net‐Zero Emissions by 2050 Scenario, released by the International Energy Agency (IEA). The agency ascribed this to a lack of available low‐carbon options on the market and the long lifetime of vessels (typically

about 5 years ago

Image showing MPS' WaveSub device (Courtesy of Marine Power Systems)

Outlook & Strategy

Marine Power Systems to test multi-megawatt wave energy array at EMEC

Marine Power Systems (MPS) has signed a berth option agreement with the European Marine Energy Centre (EMEC) for the deployment of two multi-megawatt WaveSub wave energy converters.

about 5 years ago

Outlook & Strategy

Investor calls for removal of five Hurricane Energy directors

Activist investor Crystal Amber, which holds more than 11 per cent of Hurricane Energy, has called for general meeting of shareholders to remove all non-executive directors of Hurricane.

about 5 years ago