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Outlook & Strategy

Construction starts on methanol-ready subsea rock installation vessel for offshore wind

Rotterdam-based CSL OWL Subsea Rock Installation (CSL OWL SRI), a partnership between The CSL Group and Offshore Wind Logistics (OWL), has commenced construction of its first subsea rock installation (SRI) vessel. The company announced in November 2024 that it had placed an order for the constructio

about 1 year ago

Outlook & Strategy

ITOCHU sets sights on establishing ammonia bunkering hub in Japan

ITOCHU has entered into a joint development agreement with TORAY Industries and Uyeno Transtech for an ammonia bunkering hub.

about 1 year ago

Outlook & Strategy

Woodside, JSE, KEPCO plot Australia-Japan liquid hydrogen supply chain

Woodside partnered with JSE and KEPCO to initiate the development of a liquid hydrogen supply chain between Australia and Japan.

about 1 year ago

Nexans cables to extend lifetime of Equinor's Norwegian Sea field

Outlook & Strategy

Nexans cables to extend lifetime of Equinor’s 25-year-old field

Norway’s state-owned energy giant Equinor has awarded a contract to French cable systems designer and manufacturer Nexans for the delivery of new electrical umbilicals to replace cables that have been operational for over 25 years at its field in the Norwegian Sea. Nexans is scheduled to deliver the

about 1 year ago

Outlook & Strategy

VELA wind-powered trimaran starts new era of sustainable shipping in pharma

Japanese pharmaceutical company Takeda and French shipping company VELA Transport have entered into a business partnership that will enable Takeda to transport its products between Europe and the U.S. using the latter’s first-of-its-kind sailing cargo trimaran.

about 1 year ago

Illustration/CorPower Ocean’s C3 wave energy device (Courtesy of CorPower Ocean/Photo by Colin Keldie)

Outlook & Strategy

UK case study shows wave energy lowers cost of 24/7 renewables

A new case study from Swedish wave energy developer CorPower Ocean highlights the role of wave energy in achieving the lowest-cost 24/7 clean energy in northern Scotland. According to CorPower Ocean, wave energy consistently reduces system costs, installed capacity, and storage requirements across s

about 1 year ago

Outlook & Strategy

Methanex launches methanol bunkering services in ARA region and South Korea

Methanex Corporation, a Canadian producer and supplier of methanol, has entered new strategic bunkering partnerships in two major fueling hubs – the Amsterdam-Rotterdam-Antwerp (ARA) region and South Korea.

about 1 year ago

With first two in operation, Reach Remote 3 and 4 ordered from Kongsberg Maritime

Outlook & Strategy

With first two in operation, Reach Remote 3 and 4 USVs ordered from Kongsberg Maritime

With the first two units delivered and already in commercial operations, Norway’s Reach Subsea has exercised the first in a series of exclusive options with Kongsberg Maritime for the delivery of the next two uncrewed surface vessels (USVs), Reach Remote 3 and 4. The specifications for Reach Remote

about 1 year ago

Outlook & Strategy

TechnipFMC and Petrobras strengthen ties with new contract for subsea production systems

TechnipFMC has secured a contract defined as significant, meaning it is worth between $75 million and $250 million, with Brazilian oil & gas company Petrobras for the delivery of subsea production systems. Following a competitive tendering process, TechnipFMC has been selected to design, engineer, a

about 1 year ago

Outlook & Strategy

Danish Shipping: Shipping’s ETS payments should be used to develop green fuel production in Europe

Funds collected as part of the EU’s CO2 Emissions Trading System (ETS) could be used to establish and scale up the production of green fuels in Europe, Danish Shipping said.

about 1 year ago

Outlook & Strategy

EPC contract awarded for Galveston LNG Bunker Port development

Galveston LNG Bunker Port (GLBP) has selected NV5 LNG Engineering Services (NV5 LNG) as the engineering, procurement, and construction (EPC) contractor to build the new liquefied natural gas (LNG) terminal.

about 1 year ago

Outlook & Strategy

AD Ports launches Luanda port terminal project, focused on modernization and sustainability

AD Ports Group has laid the foundation stone for the Noatum Ports Luanda Terminal, signaling the beginning of a modernization and expansion effort at the Port of Luanda, Angola.

about 1 year ago

Outlook & Strategy

Fugro withdraws 2025 financial guidance, plans to cut 300 jobs

The Netherlands-headquartered Fugro has announced a reduction of 300 jobs and the withdrawal of its financial guidance for 2025 as a wide range of projects has been affected by postponements due to market uncertainties, mainly seen in oil and gas. Fugro reported on September 22 that although the sec

about 1 year ago

The EU-funded SUREWAVE project has reached a milestone with the Maritime Research Institute Netherlands (MARIN) extending its hydrodynamic modelling tools to simulate large-scale offshore floating sol

Outlook & Strategy

EU-backed project advances 2 MW offshore floating solar simulations

The EU-funded SUREWAVE project has reached a milestone with the Maritime Research Institute Netherlands (MARIN) extending its hydrodynamic modelling tools to simulate large-scale offshore floating solar farms. According to SUREWAVE, the work scales up to a 2 MW system under different operating condi

about 1 year ago