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Outlook & Strategy

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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

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

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

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

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

Outlook & Strategy

South Korean partners conduct ‘world’s first’ LNG boil-off gas recycling demo

South Korean conglomerate HD Hyundai and compatriot classification society Korean Register (KR) have revealed the completion of what is claimed to be the world’s first demonstration of a technology that recycles boil-off gas (BOG) from LNG-fueled ships under construction into onshore city gas.

about 1 year ago

Outlook & Strategy

Newly formed Houston firm sheds subsea tree business to focus on core product lines

Innovex International, a Houston-based provider of products and technologies to the oil & gas industry, established in 2024 by the merger of Dril-Quip and Innovex Downhole Solutions, has completed the divestment of its Subsea Tree product line to compatriot Trendsetter Engineering in an all-cash tra

about 1 year ago

SolarDuck's interconnected Offshore Floating Solar Platforms at the MARIN Offshore Basin

Outlook & Strategy

SolarDuck tests interconnected offshore floating solar platforms in scaled MARIN trials

Dutch-Norwegian firm SolarDuck has completed a test campaign at the Maritime Research Institute Netherlands (MARIN), involving 54 interconnected offshore floating solar platforms, with a real-world capacity of approximately 6 MWp (megawatt peak). According to SolarDuck, this marks the company’s thi

about 1 year ago

Outlook & Strategy

In response to higher demands for security, test bed for protecting critical infrastructure opens in Norway

In response to an increasing need for safeguarding critical maritime infrastructure due to ongoing geopolitical uncertainty and an increasingly dynamic risk picture, Norway’s KONGSBERG has opened a maritime test bed for protecting potentially vulnerable infrastructure such as subsea pipelines, power

about 1 year ago

Outlook & Strategy

PowerCell lands order for new MS-500 marine fuel cell system

PowerCell has signed a SEK 44 million (around $4.626 million) agreement with an undisclosed Italian marine OEM for the development and delivery of a new MS-500 marine fuel cell system.

about 1 year ago

Outlook & Strategy

$75 million earmarked to level up Norwegian emission-free shipping game

Norwegian government enterprise Enova has awarded approximately NOK 763 million ($75.5 million) to projects developing hydrogen- and ammonia-powered vessels in the latest round of investments in emission-free shipping.

about 1 year ago

Reach Subsea boosts order backlog thanks to contracts worth €31.2M

Outlook & Strategy

Reach Subsea boosts order backlog thanks to €31.2M worth of contracts

Norway’s Reach Subsea has secured multiple new contracts and call-offs within the scope of existing frame agreements, all with an estimated value of NOK 370 million (around €31.2 million). The contracts are set to begin in the third and fourth quarters of 2025 in the North Sea and European regions.

about 1 year ago

Outlook & Strategy

AFRY to conduct feasibility study for large-scale e-methane plant in Finland

AFRY has been tasked by Arctic Sisu to conduct a feasibility study for a large-scale e-methane production facility in Kotka, Finland.

about 1 year ago

South Korea’s first specialized HVDC installation vessel to be built in Türkiye

Outlook & Strategy

South Korea’s first specialized HVDC installation vessel to be built by Turkish shipyard

South Korean subsea cable installation company LS Marine Solution has signed a contract with Türkiye’s Tersan Shipyard for the construction of its new, ultra-large cable laying vessel (CLV). To expand orders for large-scale HVDC and offshore wind projects, both domestic and in Europe and North Ameri

about 1 year ago