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Swedes inviting €1M investment to fund wave energy prototype
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Swedes inviting €1M investment to fund wave energy prototype

Sweden’s Ocean Harvesting Technologies is undertaking a €1 million share issue for the period 2026-2027 to finance the development and prototype testing of its wave energy converter (WEC). InfinityWEC is being developed under the ongoing INFINITY and WECHull+ EU-funded collaboration projects, with t

about 8 months ago
Stena RoRo orders new generation, future-proof vessels from China
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Stena RoRo orders new generation, future-proof vessels from China

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Swedish shipping company Stena RoRo has placed an order with China Merchants Industry (CMI) for a new generation of RoRo vessels, comprising two firm C-Flexer-type vessels with options for an additional four. The new C-Flexer design features a highly developed hullform, multi-fuel engines, and a sca

about 8 months ago
Scottish wave energy firm to launch demo projects in Taiwan and Guam
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Scottish wave energy firm to launch demo projects in Taiwan and Guam

Scotland-based marine energy company ZOEX Power has secured the first-ever sale of its wave energy prototype device, after completing real-world sea trials on the Turkish Black Sea coast. The purchase order was secured from a fully owned subsidiary of Türkiye’s Ordu municipality, named Oren Ordu Ene

about 8 months ago
EIB to help Minesto strengthen investment case for 10 MW tidal energy project
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EIB to help Minesto strengthen investment case for 10 MW tidal energy project

The European Investment Bank (EIB) has selected Swedish tidal energy developer Minesto for in-depth investment advisory support focused on increasing the financial attractiveness and overall quality of the investment offer for a 10 MW tidal energy array as part of a larger build-out in a selected EU

about 8 months ago
Clean energy security pact formed to explore CCS shipping corridors in North Sea
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Clean energy security pact formed to explore CCS shipping corridors in North Sea

Four European port and infrastructure players have partnered up to study the potential of carbon capture and storage (CCS) shipping corridors between Northern Europe and the UK, as well as share experience and understanding for the “new but crucial energy transition area”. Two memorandums of underst

about 8 months ago
Dutch chemical tanker operator orders wind-assisted propulsion for two more vessels
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Dutch chemical tanker operator orders wind-assisted propulsion for two more vessels

Following the commissioning of the “world’s first” chemical tanker equipped with sails in 2024, Dutch chemical tanker operator Chemship has placed a new order with compatriot wind propulsion firm Econowind for the installation of wind-assisted ship propulsion technology on two additional vessels. Th

about 8 months ago
Deal signed to progress cross-border Baltic Sea CCUS initiative
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Deal signed to progress cross-border Baltic Sea CCUS initiative

A UK-Swedish partnership has been established to advance a cross-border carbon capture, utilization and storage (CCUS) initiative designed to accelerate industrial decarbonization across the Baltic Sea region. Under a memorandum of understanding (MoU), the UK’s Progressive Energy and Swedish Pipe58

about 8 months ago
Subsea cable firm XLCC relaunches as Aquora, focuses on installation first
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Subsea cable firm XLCC relaunches as Aquora, focuses on installation first

UK-based XLCC has rebranded and relaunched as Aquora, with a focus on cable installation and manufacturing to address the “critical demand” for high-voltage cable supply in the UK and Europe. Aquora will focus first on installation, utilizing a new, UK-flagged cable-lay vessel (CLV), which will also

about 9 months ago
Nuclear-powered vessels are achievable, Norwegian-led study confirms
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Nuclear-powered vessels are achievable, Norwegian-led study confirms

Nuclear-powered DP vessels are a technically feasible solution and are achievable, the Nuclear Propulsion in merchant Shipping (NuProShip II) study has confirmed. The NuProShip II project, funded by the Research Council of Norway, demonstrates the technical feasibility of nuclear-powered DP vessels,

about 9 months ago
Prysmian to buy Spanish cable survey and installation solutions provider
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Prysmian to buy Spanish cable survey and installation solutions provider

Italian cabling giant Prysmian Group is set to acquire ACSM, a Spanish provider of solutions for submarine cable installation, including subsea surveying, route planning and seabed preparation. Based in Vigo, ACSM has been operating for over 20 years across 60 countries, with over 350 employees. Its

about 9 months ago
German dry bulk carrier firm adopts fleet-wide energy optimization technology
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German dry bulk carrier firm adopts fleet-wide energy optimization technology

German dry bulk carrier owner and operator Oldendorff Carriers is deploying energy optimization technology from a Swedish company to reduce energy consumption and emissions across its fleet. As part of the partnership with Swedish technology provider eMarine, Variable Frequency Drives (VFDs) have al

about 9 months ago
Dutch partnership formed to pursue scalable autonomous maritime operations
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Dutch partnership formed to pursue scalable autonomous maritime operations

Dutch Royal IHC and Demcon Unmanned Systems have entered into a strategic partnership for the deployment of unmanned and autonomous vessels for scalable autonomous maritime operations. The partnership has started with the development and integration of containerized launch and recovery systems (LARS

about 9 months ago
Spanish scale-up enters Norway, brings its ammonia-to-hydrogen technology
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Spanish scale-up enters Norway, brings its ammonia-to-hydrogen technology

Spanish scale-up company H2SITE has launched a subsidiary in Norway to focus on deploying its ammonia-to-hydrogen systems in the maritime sector and accelerate vessel decarbonization. Through H2SITE Norway AS, based in Bergen, H2SITE is looking to supply onboard cracking systems to Norwegian compani

about 9 months ago
After Beam, Swiss technology group buys German subsea firm
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After Beam, Swiss technology group buys German subsea firm

Swiss technology group Rosenxt Group is looking to strengthen its subsea capabilities with the acquisition of a Germany-headquartered provider of ocean bottom seismometers (OBS) and subsea monitoring technology. The combination of Rosenxt’s experience in asset integrity with K.U.M. Umwelt- und Meere

about 9 months ago