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ABS AL
Business & Finance

AL Group taps ABS to study Ultramax conversion to methanol

The American Bureau of Shipping (ABS) and Asiatic Lloyd Maritime LLP, member of the AL Group, have signed a joint development project (JDP) to study the feasibility of converting the fuel system of an ultramax bulk carrier, from conventional diesel to methanol. The study is focused on a series of up

about 2 years ago
Deepwater Aquila (ex-West Aquila) drillship; Source: DSME
Business & Finance

Transocean raising cash to pay for its newbuild drillship

Transocean will use the net proceeds from the notes to partially finance the construction, acquisition, and alteration of a drillship.

about 2 years ago
Ammonia containership
Business Developments & Projects

Unboxing the ammonia-powered 15,000 TEU boxship: Seatrade and Foreship reveal key design features

Ammonia-powered container vessels are technically feasible and their development can meet acceptable preliminary safety concepts, according to the insights from a concept design study carried out by Maersk Mc-Kinney Moller Center for Zero Carbon Shipping, in partnership with Seaspan, ABS, and Foresh

about 2 years ago
The wing for Minesto's Dragon 12 tidal energy kite (Screenshot/Video by Minesto)
Business Developments & Projects

Minesto’s Dragon gets its wings ahead of take off

Swedish ocean energy developer Minesto has completed the manufacturing of the Dragon 12 wing and started system integration at quayside in Uddevalla port in Sweden.

about 2 years ago
Illustration; Source: TotalEnergies
Business & Finance

TotalEnergies’ energy transition roadmap comes under fire due to oil, gas and LNG ties

An analysis of TotalEnergies’ energy production diversification strategy was undertaken by Reclaim Finance.

about 2 years ago
Enova pumps $65.6 million into zero-emission ship and tech projects
Business & Finance

Enova pumps $65.6 million into zero-emission ship and tech projects

Enova, a Norwegian government enterprise, has decided to invest NOK 709 million ($65.6 million) to provide financcial support for zero-emission ship and technology projects.

about 2 years ago
Value Maritime wraps up installation of Filtree system on Ardmore’s tanker
Innovation

Value Maritime wraps up installation of Filtree system on Ardmore’s tanker

Value Maritime has completed the first in a series of nine installations of its emissions-reducing Filtree systems for chemical tanker company Ardmore Shipping Corporation.

about 2 years ago
Global low-emissions hydrogen growth threatened by lack of policy support and high costs, IEA report shows
Authorities & Government

Global low-emissions hydrogen growth threatened by lack of policy support and high costs, IEA report shows

While interest in new low-emissions hydrogen is on the rise, the slow roll-out of financial incentives and cost pressures put investment plans for future projects at risk, according to a new report published by the International Energy Agency (IEA). The latest edition of the IEA’s annual Global Hydr

about 2 years ago
DNV: Onboard CC and nuclear propulsion can compete with other decarbonization solutions
Authorities & Government

DNV: Onboard CC and nuclear propulsion can compete with other decarbonization solutions

Onboard carbon capture and nuclear propulsion, previously regarded as ambitious concepts, are not only mere contenders in the quest for cleaner shipping but formidable ones, fully capable of taking on established decarbonization solutions, according to the recent findings from DNV. DNV has conducted

about 2 years ago
Fracturing vessel design; Source: Shanghai Shipbuilding Research and Design Institute of China State Shipbuilding Corporation(CSSC)
Business & Finance

China enriches offshore oil & gas operations arsenal with its first and ‘world’s largest’ fracturing vessel

A design scheme of China’s first offshore oilfield fracturing vessel passed the basic design review of China Classification Society (CCS).

about 2 years ago
Illustration/Oscilla Power’s Triton-C wave energy device heading to deployment site in Hawaii (Courtesy of Oscilla Power)
Business & Finance

US DOE backs six small marine energy projects with nearly $7M R&D funding

The U.S. Department of Energy (DOE) has supported six small business-led marine energy projects with close to $6.8 million in an effort to drive innovation in marine energy industry.

about 2 years ago
NYK to use Marlink’s smart hybrid network on its vessels
Technology

NYK to use Marlink’s smart hybrid network on its vessels

Marlink, a French smart network and digital solutions company, has secured a contract to extend its smart hybrid network solutions onboard ships owned by Japanese shipping major NYK.

about 2 years ago
Plagazi to provide hydrogen for Gotlandsbolaget fleet
Business Developments & Projects

Plagazi to provide hydrogen for Gotlandsbolaget fleet

Sweden’s Plagazi has announced a project with compatriot Gotlandsbolaget for the supply of hydrogen for the next-generation ’Gotland Horizon’ fleet. The plan is for Gotlandsbolaget’s next-generation hydrogen-powered maritime transport vessels to utilize Plagazi’s hydrogen as fuel and enable Gotlands

about 2 years ago
Reliability of subsea cables paramount to energy transition success, GUH says
Business & Finance

Reliability of subsea cables paramount to energy transition success, GUH says

Failures in underwater cables could derail global offshore wind ambitions as the reliability of these cables is paramount to the success of offshore wind and the energy transition, according to the Global Underwater Hub (GUH), UK’s trade and industry development body for the underwater sectors. GUH

about 2 years ago
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