The IMO failed to adopt a concrete shipping decarbonisation target for shipping this week following the Marine Environment Protection Committee (MEPC 79) meeting that ended earlier today. The support from the member countries for eliminating the industry’s emissions by 2050 and for setting interim t
Rotech Subsea has successfully carried out the cable cut and recovery operation at an offshore wind farm in Denmark.
Valaris has been awarded new contracts for a drillship and three jack-up rigs and contract extensions for three more rigs.
The North Sea is one of the most biodiverse, but also one of the most active bodies of water on our planet, which led to the degradation of its marine environment. Now, with a boom in offshore wind, environmental organisations, together with the industry, are exploring ways for offshore wind farms t
South Korean shipping major HMM is preparing an order for new containerships powered by alternative fuels as part of its future growth strategy. The strategy was announced in July this year with HMM assigning $11.3 billion for future investments, including expansion of its eco-friendly ships from th
Car carrier newbuild ordering has increased significantly in 2021 and 2022 on record markets and the resumption of owners’ fleet renewal programmes, including efforts to support manufacturers to become ‘green through the supply chain’. The market recovery is primarily driven by post-covid car trade
Canada Energy Regulator (CER) has granted a 40-year export license to Ksi Lisims liquefied natural gas (LNG), a project proposed by the Nisga’a Nation, Rockies LNG and Western LNG. Ksi Lisims LNG (meaning ‘from the Nass River’ in the Nisga’a language) is a proposed 12-million-tonne-per-year natural
The Finnish and Swedish gas transmission system operators (TSOs) Gasgrid Finland and Nordion Energi, and offshore wind developers OX2 and Copenhagen Infrastructure Partners (CIP) have entered into an agreement to investigate the development of large-scale offshore hydrogen pipeline infrastructure co
Wagenborg Foxdrill has secured a contract for offshore derrick removal in Congo with a turnkey contractor for Perenco’s platform conversion.
German automotive and industrial supplier Schaeffler has signed a letter of intent (LOI) with French hydrogen producer Lhyfe that includes a technology partnership, green hydrogen, and a 15 MW industrial electrolysis plant in Herzogenaurach, Germany. The first part of the agreement is in regard to g
The Port of Narvik and Norwegian company Plug Nord have been awarded NOK 10.7 million (€1.02 million) in funding from Enova to build shore power for cruise ships.
Fortescue Future Industries (FFI), a subsidiary of Australian iron ore company Fortescue Metals Group, and the Ministry of Energy of the Republic of Azerbaijan have signed a framework agreement to jointly study and develop potential green hydrogen and renewable energy projects in Azerbaijan. The agr
Aquadrill has extended the charter hire agreement with a subsidiary of Diamond Offshore Drilling for one of its drillships.
Italian shipbuilder Fincantieri has laid out its strategy for the upcoming period putting a major focus on building up its competencies in the construction of digital and net zero ships. The company’s 2023-2027 Business Plan aims to create greater synergies between the company’s cruise, defense, and
