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Outlook & Strategy

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South Korea
Outlook & Strategy

South Korea–Europe green shipping corridor promises 70% CO₂ cut

The proposed South Korea–Europe Green Shipping Corridor (GSC) could cut carbon emissions by over 70% along key trade routes between Pyeongtaek Port and major European automotive hubs, a new report found.

about 1 year ago
Port of Rotterdam and Vast looking into electrification of oil tankers
Outlook & Strategy

Port of Rotterdam and Vast looking into electrification of oil tankers

The Port of Rotterdam, one of Europe’s major energy hubs, has partnered with Brazilian Vast Infraestrutura, a Prumo Group company providing oil transshipment services, to study the electrification of oil tankers at berth globally.

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about 1 year ago
Germany: Onshore cable route preps begin for first energy link to UK
Outlook & Strategy

Germany: Onshore cable route preps begin for first energy link to UK

Siemens Energy has completed the piling works for the new converter station on the German side of what will be the first direct energy link between the UK and Germany. With converter stations on the Isle of Grain in Kent and Wilhelmshaven in northern Germany, the 725-kilometer NeuConnect interconnec

about 1 year ago
From sewage to marine fuel: Carbon neutral methanol facility opens at wastewater site
Outlook & Strategy

From sewage to marine fuel: Carbon neutral methanol facility opens at wastewater site

A German consortium consisting of the Institute for Micro Process Engineering and the Institute for Automation and Applied Informatics at the Karlsruhe Institute of Technology (KIT), the KIT spin-off ICODOS and the Waste Water Department of the City of Mannheim have began operation of a demonstratio

about 1 year ago
FPSO Jotun; Source: Vår Energi
Outlook & Strategy

Vår Energi starts the year strong, setting course for ‘transformational growth’ in 2025

Norway’s oil and gas player Vår Energi has published the interim report for the first quarter of 2025, disclosing what it says are strong results in line with expectations.

about 1 year ago
Damen
Outlook & Strategy

New contract paves the way for construction of Damen vessel designs in Türkiye

Dutch shipbuilder Damen Shipyards Group signed a contract with Turkish conglomerate İÇDAŞ for the local construction of an azimuthing stern drive (ASD) tug.

about 1 year ago
Ex-Oceaneering COO takes CEO role at PXGEO
Outlook & Strategy

Ex-Oceaneering COO takes CEO role at PXGEO

Marine geophysical service provider PXGEO has appointed a new chief executive officer (CEO) and executive chairman, who previously held the chief operating officer (COO) position at Oceaneering International. According to PXGEO, the appointment of Charles ‘Chuck’ Davison Jnr., effective immediately,

about 1 year ago
STAX
Outlook & Strategy

US-UK startups debut ‘first’ emissions and carbon capture system

STAX Engineering, a California-based company specializing in maritime emissions capture and control, and Seabound, a UK-headquartered onboard carbon capture firm, have demonstrated a ‘first-of-its-kind’ fully integrated emissions and carbon capture solution.

about 1 year ago
Hinicio advocates for port-led hydrogen growth in Latin America and the Caribbean
Outlook & Strategy

Hinicio advocates for port-led hydrogen growth in Latin America and the Caribbean

Hinicio, a Belgium-based consulting firm specializing in hydrogen and its derivatives, has outlined a series of recommendations aimed at supporting ports in Latin America and the Caribbean to play a central role in climate action and in advancing the hydrogen economy across the region.

about 1 year ago
TechnipFMC has signed a memorandum of understanding (MoU) with the University of Namibia (UNAM) to co-develop specialized courses in subsea engineering and project management.
Outlook & Strategy

TechnipFMC and UNAM team up to expand subsea engineering skills in Namibia

UK-headquartered energy technology provider TechnipFMC has signed a memorandum of understanding (MoU) with the University of Namibia (UNAM) to co-develop specialized courses in subsea engineering and project management. According to TechnipFMC, the specialized courses are a part of the company’s bro

about 1 year ago
Fugro joins Methanol Institute to steer transition to low-carbon fuels
Outlook & Strategy

Fugro joins Methanol Institute to steer transition to low-carbon fuels

Dutch geo-data solutions provider Fugro has joined the Methanol Institute (MI), a global trade association for the methanol industry, in line with transitioning its fleet of geotechnical and geophysical vessels to low-carbon fuels.

about 1 year ago
Lloyd’s Register, Pusan National University to advance liquefied hydrogen carrier technology
Outlook & Strategy

Lloyd’s Register, Pusan National University to advance liquefied hydrogen carrier technology

UK-based classification society Lloyd’s Register (LR) has signed a memorandum of understanding (MoU) with the Hydrogen Ship Technology Center at Pusan National University (PNU) in Korea to advance liquefied hydrogen carrier technology and cryogenic engineering.

about 1 year ago
Ocean energy continued to advance towards commercialization in 2024, with new data from Ocean Energy Europe (OEE) showing growth across tidal and wave technology pipelines.
Outlook & Strategy

Commercialization in sight: Europe’s ocean energy pipeline to hit 165 MW in next five years

Ocean energy continued to advance towards commercialization in 2024, with new data from Ocean Energy Europe (OEE), a network of ocean energy professionals, showing growth across tidal and wave technology pipelines. According to OEE, the pipeline of pre-commercial tidal energy projects expanded furth

about 1 year ago
New partnership looking to decarbonize Indonesia’s maritime sector with hydrogen solutions
Outlook & Strategy

New partnership looking to decarbonize Indonesia’s maritime sector with hydrogen solutions

PT HDF Energy Indonesia has signed a memorandum of understanding (MoU) with the Indonesian Ministry of Transportation, PT PLN (Persero) and PT ASDP Indonesia Ferry (Persero) to explore decarbonizing Indonesia’s maritime sector using locally produced green hydrogen.

about 1 year ago