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Outlook & Strategy

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Chilean researchers test wave energy device in Edinburgh ahead of Lebu deployment
Outlook & Strategy

Chilean researchers’ wave energy converter put to test at FloWave facility

According to representatives from the Chilean research team, scale model testing of the Lafquenewen wave energy converter (WEC) has been completed at the FloWave Ocean Energy Research Facility at the University of Edinburgh, marking a notable step toward marine energy deployment off the coast of Leb

about 1 year ago
Babcock to supply ammonia fuel system for Trafigura’s newbuilds
Outlook & Strategy

Babcock to supply ammonia fuel system for Trafigura’s newbuilds

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Babcock’s LGE business has been awarded a contract to supply its ecoFGSS-FLEX marine ammonia fuel supply system for four new medium gas carriers being built for commodity trading company Trafigura at Hyundai Mipo Dockyard (HMD) in South Korea.

about 1 year ago
Nordic Baltic Hydrogen Corridor receives EU funding support
Outlook & Strategy

Nordic Baltic Hydrogen Corridor receives EU funding support

The project promoters of the Nordic Baltic Hydrogen Corridor (NBHC) have signed a grant agreement with the European Climate, Infrastructure, and Environment Executive Agency (CINEA) for the European Union (EU) financial support to the NBHC.

about 1 year ago
Ossian floating wind survey
Outlook & Strategy

Benthic survey wraps up for Scottish floating wind farm

Specialist contractors have completed a benthic survey along a 420-kilometer stretch of seabed for the proposed Ossian floating offshore wind farm in Scotland. The month-long benthic campaign gathered information at 122 different sites along the route that will be used to export renewable energy fro

about 1 year ago
New consortium to explore floating nuclear power for Mediterranean energy needs
Outlook & Strategy

New consortium to explore floating nuclear power for Mediterranean energy needs

American Bureau of Shipping (ABS), CORE POWER, and Athlos Energy have established a consortium to assess the feasibility of deploying floating nuclear power plants (FNPPs) in the Mediterranean Sea.

about 1 year ago
Cable laying about to resume at 725-kilometer link connecting UK and Germay for the first time
Outlook & Strategy

Cable laying about to resume at 725-kilometer link to connect UK and Germay for the first time

Italian cabling giant Prysmian Group will soon kick off the second phase of cabling works in UK waters for NeuConnect, a high-voltage submarine cable that will create the first direct energy transmission link between the UK and Germany. The 725-kilometer land and subsea cable system is said to creat

about 1 year ago
Second Island Offshore hybrid ocean energy construction vessel under construction at VARD
Outlook & Strategy

VARD cuts steel for second Island Offshore hybrid ocean energy construction vessel

Norwegian shipbuilder VARD has cut the first steel for the second hybrid power ocean energy construction vessel (OECV) it is building for compatriot shipping group Island Offshore, some four months after the first steel was cut for the first vessel. Island Offshore placed an order with VARD for the

about 1 year ago
MOL
Outlook & Strategy

MOL grows tank storage business as it completes LBC Tank Terminals acquisition

Japanese shipping major Mitsui O.S.K. Lines (MOL) has become the 100% shareholder of LBC Tank Terminals, the Netherlands-based tank terminal operator in the chemical handling industry.

about 1 year ago
Eltronic FuelTech establishes Chinese subsidiary to deepen market focus and drive regional growth
Outlook & Strategy

Eltronic FuelTech establishes Chinese subsidiary to deepen market focus and drive regional growth

Eltronic FuelTech has established a subsidiary in China – Eltronic FuelTech (Shanghai), and launched a dedicated Chinese website, as part of its strategic growth journey.

about 1 year ago
Upgrade and maintenance wrap up for Island Offshore's 17-year-old vessel
Outlook & Strategy

Upgrade and maintenance wrap up for Island Offshore’s 17-year-old vessel

Norway’s VARD has completed an upgrade and maintenance project on the 17-year-old Island Wellserver multi-purpose vessel owned by Island Offshore. Delivered in 2008, the 116-meter-long Island Wellserver is capable of performing light well intervention and associated services, construction and subsea

about 1 year ago
Port of Gothenburg
Outlook & Strategy

New 25-year agreement to help Port of Gothenburg become energy hub of the future

Sweden’s Port of Gothenburg has signed new agreements with Inter Terminals Sweden, a Scandinavian bulk liquid storage provider.

about 1 year ago
NEXTCHEM wins €210M contract for low-carbon methanol project in Mexico
Outlook & Strategy

NEXTCHEM wins €210M contract for low-carbon methanol project in Mexico

NEXTCHEM has been awarded about €210 million basic engineering and critical proprietary equipment supply contract for the low-carbon methanol project, Pacifico Mexinol, located in Sinaloa, Mexico.

about 1 year ago
WATCH: Methanol-ready energy subsea construction vessel makes a splash in Vietnam
Outlook & Strategy

WATCH: Methanol-ready energy subsea construction vessel makes a splash in Vietnam

An energy subsea construction vessel (ESCV) being built in Vietnam for Norwegian shipping company Rem Offshore has hit the water one month ahead of schedule. Once delivered next year, the vessel will perform heavy construction work in offshore wind and subsea arenas with net-zero emissions. Followin

about 1 year ago
LNG strengthens foothold as ‘clear choice’ in alternative fuels orderbook
Outlook & Strategy

LNG strengthens foothold as ‘clear choice’ in alternative fuels orderbook

While the overall newbuild market is experiencing a slower growth rate, the alternative fuels orderbook saw a total of 151 vessel orders in the first half of 2025, with LNG dominating as the “clear fuel of choice” and accounting for more than half of the orderbook, according to data from classificat

about 1 year ago