Spanish rigid sail developer bound4blue and dry bulk shipping company MMSL PTE. LTD., a wholly owned subsidiary of Marubeni Corporation based in Singapore, have signed an agreement to install four suction sails on the Crimson Kingdom. According to the preliminary studies, the 229-meter length Panama
Nexans Norway has signed a reservation agreement for the HVDC cable systems for the Cyprus – Greece link of the EuroAsia Interconnector. EuroAsia Interconnector is a multi-terminal high-voltage, direct current scheme which will comprise three converter stations with sea electrodes, interconnected by
Yara Clean Ammonia, a subsidiary of Norwegian fertilizer company Yara International ASA, and Japanese shipping giant Mitsui O.S.K. Lines (MOL) have agreed to work together to strengthen ammonia supply chain. According to MOL, the collaboration includes but is not limited to using ammonia as a marine
Northern Lights has confirmed the storage capacity of at least 5 million tonnes of CO2 per annum in the North Sea licence off Norway.
Despite pushing forward new initiatives by the shipping sector to achieve zero emissions, 27% to 30% of vessels newly built between 2022 and 2050 will still require conversion to a different fuel in order to meet zero targets, a new whitepaper published by classification society Lloyd’s Register sho
Co-location of offshore wind, wave and offshore solar energy in multi-source energy parks could lead to unprecedented reduction of levelized cost of electricity (LCOE), according to a new report by EU-SCORES project.
International Maritime Industries (IMI) has awarded a detailed design engineering contract for the construction of jack-up rigs to Zentech.
South Korean shipbuilding major Samsung Heavy Industries (SHI) has developed a liquid hydrogen fuel cell system for ship propulsion and received approval in principle (AiP) from the classification society DNV. As explained, the system uses the electric power generated by liquid hydrogen and polymer
HUB Ocean, a Norway-based center dedicated to sharing ocean data, and Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping have signed a Knowledge Partnership Agreement. HUB Ocean is an independent, non-profit tech foundation that invests considerable resources into unlocking ocean data. Its flags
German propulsion system manufacturer Schottel has revealed that installing its two EcoPellers onboard a RoPax ferry resulted in a 25 per cent reduction in energy consumption.
Brooklyn-based technology startup Amogy has signed a collaboration agreement with Yara Clean Ammonia (YCA), a decarbonization-focused subsidiary of global ammonia producer, Yara International ASA. Under the memorandum of understanding (MOU), Yara will consider Amogy’s ammonia-to-power system as a ze
TGS has commenced a 3D data reprocessing program offshore Uruguay, which covers blocks in the country’s active licensing round. Tannat 3D PSDM Repro consists of 25,000 square kilometers. According to TGS, the data will be regionally integrated and reprocessed using advanced techniques, including de-
Equinor and its Wisting project partners have decided to postpone the investment decision scheduled for December 2022.
State-owned oil and gas company QatarEnergy has signed another long-term charter contract with a subsidiary of Japanese shipping company Mitsui O.S.K. Lines (MOL) for three newbuild liquefied natural gas (LNG) carriers. The contract includes three LNG carriers to be built at Hudong-Zhonghua Shipbuil
