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Outlook & Strategy

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bunkering
Outlook & Strategy

Shipping, bunkering companies launch new initiative to ‘revolutionize’ ARA bunkering market

Several shipping and bunkering companies have come together to launch a Bunkering Services Initiative focused on solving the widely reported issues of fuel quantity shortages and fuel quality opacity across the marine fuel supply chain.

about 1 year ago
Source: CorPower Ocean
Outlook & Strategy

EU backs CorPower’s next wave energy step with €40M grant

Swedish wave energy developer CorPower Ocean has secured a €40 million grant from the EU Innovation Fund to support the development of VianaWave, a 10 MW pre-commercial wave energy project planned off northern Portugal. The VianaWave project will comprise 30 wave energy converters (WECs), grouped in

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about 1 year ago
Allseas lays 20-kilometer pipeline for EU’s first large-scale CO2 transport and storage project
Outlook & Strategy

Allseas lays 20-kilometer pipeline for EU’s first large-scale CO2 transport and storage project

Allseas’ Lorelay has completed offshore pipelaying for the Port of Rotterdam CO2 Transport Hub and Offshore Storage (Porthos) project, the first offshore carbon capture and storage (CCS) project in the Netherlands. This first large-scale CO2 transport and storage project to be realized in the EU is

about 1 year ago
Van Oord orders two methanol-capable subsea rock installation vessels from China
Outlook & Strategy

Van Oord’s new subsea rock installation vessels bear Ulstein design

Van Oord’s new subsea rock installation vessels, recently ordered from the Chinese shipyard Yantai CIMC Raffles Offshore, have been designed by Norway’s Ulstein. Working in close collaboration with Van Oord’s technical team, Ulstein said it supported the selection of the optimal vessel size and conf

about 1 year ago
CMA CGM
Outlook & Strategy

TotalEnergies, CMA CGM unveil LNG bunkering logistics JV for ARA region

French energy major TotalEnergies and compatriot shipping and logistics company CMA CGM Group have entered into an agreement to develop a 50/50 logistics joint venture dedicated to the implementation and operation of a liquefied natural gas (LNG) bunker supply solution at the Port of Rotterdam, the

about 1 year ago
Solstad CSV to start new contract this month
Outlook & Strategy

Solstad CSV to start new contract this month

Norway’s Solstad Maritime, established in January 2024, has secured a contract with Texas-headquartered operator of seismic acquisition programs SAExploration for one of its construction support vessels (CSVs). The contract defined as substantial, meaning it is worth between $10 million and $30 mill

about 1 year ago
SLB adds first UK offshore CO2 storage project to its to-do list
Outlook & Strategy

SLB adds first UK offshore CO2 storage project to its to-do list

Texax-headquartered energy technology company SLB has secured a contract to deliver carbon storage solutions for the UK’s first offshore carbon capture and storage (CCS) project, developed by a joint venture of BP, Equinor and TotalEnergies. For the Northern Endurance Partnership (NEP) project, SLB

about 1 year ago
Illustration/Wavepiston's wave energy technology (Courtesy of Wavepiston)
Outlook & Strategy

Wavepiston appoints new board member

Danish wave energy firm Wavepiston has named Jan Otto Ooms as its newest board member following its annual general meeting on June 20, 2025. Jan Otto, founder of Connect the Drops, recently invested in Wavepiston and brings experience in scaling businesses and the water sector. Wavepiston secured a

about 1 year ago
NextGeo finalizes acquisition of share in 61-year-old Italian subsea services firm
Outlook & Strategy

NextGeo expands into new regions via acquisition of share in 61-year-old Italian firm

Italy-headquartered Next Geosolutions (NextGeo) has signed a sale and purchase agreement for the acquisition of 75.4% of the share capital of a compatriot subsea services company established in 1964, thereby expanding its operations into the Mediterranean and West African countries and broadening it

about 1 year ago
Aurora finalizes 11-vessel takeover from Sea1 with delivery of third high-end subsea vessel
Outlook & Strategy

Aurora finalizes 11-vessel takeover from Sea1 with delivery of third high-end subsea vessel

Norwegian vessel management services provider Aurora Offshore, part of the Borealis Group, has taken delivery of the eleventh and final vessel from compatriot operator Sea1 Offshore, ex-Siem Offshore. Siem Barracuda, the third high-end subsea vessel of a total of three that are part of the collabora

about 1 year ago
C40 Cities
Outlook & Strategy

From shipbroking to maritime finance: E.A. Gibson Shipbrokers acquires RMK Maritime

E.A. Gibson Shipbrokers has joined forces with RMK Maritime (Europe) to expand its service offering. Effective from August 1, 2025, RMK Maritime will be rebranded as E.A. Gibson Capital.

about 1 year ago
Danish firm brings in BlueNewables for wave energy project permitting support
Outlook & Strategy

Danish firm brings in BlueNewables for wave energy project permitting support

Danish wave energy firm Wavepiston has signed a collaboration agreement with a Spanish engineering consultancy supporting the marine energy sector, BlueNewables, to support its wave energy project off Gran Canaria, Spain. BlueNewables, an engineering consultancy focused on innovation in the blue eco

about 1 year ago
Black Sea deepwater gas project to sport US-made subsea equipment
Outlook & Strategy

Black Sea deepwater gas project to sport US-made subsea equipment

London-headquartered precision engineering group Hunting PLC has secured a $31 million subsea order for its titanium stress joints (TSJs) for the third phase of a deepwater gas development in the Turkish part of the Black Sea. Six TSJs, including the patented Direct Pull-thru Tube technology, will b

about 1 year ago
ACWA Power inks new deals for hydrogen and renewable power export to Europe
Outlook & Strategy

ACWA Power inks new deals for hydrogen and renewable power export to Europe

Saudi developer of green hydrogen plants ACWA Power has sealed several agreements and memoranda of understanding (MoUs) with international partners to work on creating a green hydrogen and renewable energy export value chain between Saudi Arabia and Europe.

about 1 year ago