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Outlook & Strategy

Keppel buys UK subsea cable solutions provider

Keppel Infrastructure Fund (KIF) and its co-investor have acquired a 100% stake in subsea cable solutions provider Global Marine Group (GMG) from investment affiliates of J.F. Lehman & Company, marking the fund’s first investment. The UK-headquartered GMG operates a fleet of six vessels and offers c

about 1 year ago

Outlook & Strategy

Algoma hits ship delivery trifecta on fleet renewal quest

Canada’s shipping company Algoma Central Corporation has taken delivery of three new ships, including dual-fuel and methanol-ready product tankers, as part of its fleet modernization and diversification program.

about 1 year ago

Outlook & Strategy

DeepOcean, Solstad and Østensjø Rederi launch advanced, 24-meter unmanned surface vessel

DeepOcean, Solstad Offshore and Østensjø Rederi have christened and launched their advanced, 24-meter-long unmanned surface vessel (USV) Challenger, following several years of development. GONDAN Shipbuilders started the construction of the USV in March 2024, following the order from USV A/S, a join

about 1 year ago

Outlook & Strategy

WasteFuel and ITC advance green methanol project in Türkiye

WasteFuel and ITC have partnered to commence the front-end engineering design (FEED) on a green methanol biorefinery in Ankara, Türkiye.

about 1 year ago

Outlook & Strategy

Brazil and Norway unveil green shipping corridor plan

Brazil and Norway have decided to establish a green shipping corridor between the two countries in an effort to contribute to zero-carbon emissions in maritime transport.

about 1 year ago

Fugro cuts time to USV deployment with in-service certification deal with Lloyd's Register

Outlook & Strategy

Fugro’s in-service certification deal with Lloyd’s Register cuts time to USV deployment

Dutch Fugro has made a move to simplify the certification process for its growing fleet of autonomous uncrewed surface vessels (USVs) with the signature of an agreement with Lloyd’s Register. The signature of the block fee agreement to streamline the in-service certification and maintenance of Fugro

about 1 year ago

Outlook & Strategy

Royal Caribbean becomes latest player in maritime methane abatement initiative

Florida-based cruise holding company Royal Caribbean Group has become the latest member of Methane Abatement in Maritime Innovation Initiative (MAMII), a cross-sectoral effort aimed at eliminating methane emissions in shipping. Royal Caribbean was added to MAMII’s roster in the early days of March 2

about 1 year ago

Swedish tidal energy developer Minesto has assembled an investment offer for a first-phase buildout of an array of tidal kites in Hestfjord, Faroe Islands.

Outlook & Strategy

Minesto targets Asian market with Swedish Energy Agency funded program

Swedish tidal energy developer Minesto has been selected to participate in the Global Innovation Accelerator (GIA), a program funded by the Swedish Energy Agency and operated with Business Sweden. According to Minesto, the initiative supports companies with an international market strategy that con

about 1 year ago

Polish shipyard starts ordering equipment for DOF's next-gen offshore support vessel

Outlook & Strategy

Polish shipbuilder starts ordering equipment for DOF’s next-gen offshore support vessel

Polish shipbuilder CRIST S.A. has awarded a number of contracts to equip a next-generation offshore support vessel (OSV) it is building for Norwegian vessel owner DOF Group, set to operate offshore Newfoundland and Labrador, Canada. Provisionally named Sea Dragon and scheduled for delivery by Q1 202

about 1 year ago

Outlook & Strategy

NKT wraps up first cable installation campaign to connect oil & gas area off Norway to shore

Denmark-headquartered power cable manufacturer and installation company NKT has completed the first installation campaign in Norway to connect an offshore oil & gas development area to shore. NKT is currently carrying out the installation of 255 kilometers of HVAC power cables to connect the Yggdras

about 1 year ago

Outlook & Strategy

Second European Hydrogen Bank auction receives 61 bids, including eight maritime projects

The European Hydrogen Bank’s second auction for the production of renewable hydrogen has attracted 61 bids from projects in 11 countries, with eight of the bids submitted by hydrogen producers with off-takers in the maritime sector.

about 1 year ago

Outlook & Strategy

Second of three Sea1 high-end subsea vessels joins Aurora Offshore’s fleet

Norwegian vessel management services provider Aurora Offshore, part of the Borealis Group, has taken delivery of the second of three high-end subsea vessels from compatriot operator Sea1 Offshore, ex-Siem Offshore. A total of 11 vessels will transfer to Aurora Offshore as a part of its collaboration

about 1 year ago

VARD starts building Island Offshore's hybrid ocean energy construction vessel, second one to follow in July

Outlook & Strategy

VARD starts building first Island Offshore hybrid ocean energy construction vessel, second to follow in July

Norwegian shipbuilder VARD has cut the first steel for the first hybrid power ocean energy construction vessel (OECV) it is building for compatriot shipping group Island Offshore. The steel cutting that marks the official start of construction for the first newbuild OECV, named Island Evolution, too

about 1 year ago

Outlook & Strategy

CMA CGM plans to pour $20 billion into US maritime sector in next four years

French shipping and logistics major CMA CGM has decided to invest $20 billion over the next four years to strengthen the U.S. maritime transport and logistics, boosting the maritime economy and fostering shipbuilding capabilities.

about 1 year ago