Outlook & Strategy
New tech from two Scandinavian firms to cut wave energy converter cost and mass
Swedish company CorPower Ocean and Norway-based OPS Solutions have developed a pre-tension cylinder (PTC) prototype, marking a step toward reducing the cost and mass of wave energy converters (WECs). The two companies teamed up through the COMPACT project, combining expertise in wave energy and off
Monna Lisa joins Leonardo da Vinci in Prysmian’s fleet (Video)
Prysmian’s new cable laying vessel (CLV) Monna Lisa has joined the fleet of the Italian cabling giant, following the completion of its sea trials. The keel-laying ceremony for the CLV, a sister vessel to Leonardo da Vinci, was held in Tulcea, Romania, in April 2023 to mark the start of construction,
Three tenders up for grabs for second Malta-Italy interconnector
InterConnect Malta, owned by the Maltese government, has issued three new tenders for the second electrical interconnector between Malta and Italy. This comes less than a month after the project had received final approval. The IC2 interconnector will consist of a new ~122-kilometer-long 225 MW HVAC
Viking Line, Port of Turku and Ports of Stockholm make progress on developing 100% carbon-neutral green shipping corridor
Finnish shipping company Viking Line, compatriot Port of Turku and Swedish Ports of Stockholm have been working together for a year on a project which aims to establish a green, fossil-free shipping corridor between Stockholm and Turku.
Canadian ports link up with North Sea Port to accelerate energy transition
Five Canadian ports have signed an MoU with the North Sea Port to collaborate on strengthening trade and accelerating energy transition.
Norwegian firm enters Asia-Pacific market with latest acquisition
Norwegian Offshore Rental (NOR) is entering the Asia-Pacific (APAC) market through the acquisition of Clockwise Subsea, a provider of rental and sale of marine equipment to the civil, marine, renewable and oil & gas sectors. Established in 2017, Clockwise Subsea is based in Singapore, Malaysia and I
Eni entrusts Well-Safe Solutions rig with more decommissioning work
Aberdeen-based decommissioning services provider Well-Safe Solutions has received a further contract extension from Italy’s energy giant Eni to decommission selected subsea and platform wells across a portfolio of projects in the Dutch North Sea. Eni recently exercised another 90-day option for the
Industry players looking into development of methanol-to-hydrogen generators
Mitsubishi Gas Chemical, Methanol Reformer and Element 1 have signed a memorandum of understanding (MoU) to collaborate on the development and commercialization of hydrogen solutions by methanol reforming technology.
Lloyd’s Register joins underwater noise reduction project
UK-based classification society Lloyd’s Register (LR) has joined the LOWNOISER project, a new initiative aimed at tackling underwater noise pollution caused by maritime traffic.
Two new subsea contracts lift DOF’s Asia-Pacific backlog to over $30 million
Norwegian vessel owner DOF Group has received more work in the Asia-Pacific (APAC) region set to be performed this year, adding to a number of recently announced awards. The diving support vessel (DSV) Skandi Singapore will execute the first subsea service contract with related saturation diving ser
DNV: Industry innovation, stricter regulations drive WAPS uptake
Orders for wind-assisted propulsion systems (WAPS) are set to accelerate in the coming years due to a surge in industry interest combined with systems builders and yards scaling up production and installation capacity, classification society DNV said.
Royal Netherlands Institute for Sea Research orders advanced ROV from Norway
Norway’s technology firm Kystdesign has signed a contract with the Royal Netherlands Institute for Sea Research (NIOZ) for the construction of an advanced remotely operated vehicle (ROV) that will serve the Dutch marine research community. According to Kystdesign, the Supporter 6000 ROV is designed
Ascenz Marorka partners with Greek firm to deliver maritime decarbonization solutions
Ascenz Marorka, a smart shipping arm of France’s GTT Group, has formed a commercial partnership with Greek company Piraeus Marine Services to strengthen its position in providing one-stop maritime decarbonization solutions for shipyards and shipping companies in Greece.
Canopy Power and Ocean Sun team up to launch floating solar in Australia
Singapore-based Canopy Power and Norway’s Ocean Sun have formed a strategic partnership to deploy floating solar technology in Australia, aiming to accelerate renewable energy solutions while addressing land and water scarcity challenges. The collaboration introduces Ocean Sun’s patented circular me