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Eco Wave Power has signed an agreement with I-Ke International Ocean Energy for the first sale of its wave energy unit in Taiwan.
Business Developments & Projects

First onshore wave energy project in Asia eyes 400 MW of installed capacity

Eco Wave Power, a Nasdaq-listed wave energy company, has signed an agreement with I-Ke International Ocean Energy, a subsidiary of Lian Tat, for the first sale of its wave energy unit in Taiwan, which is expected to open the doors to the Asian market for the Middle East-headquartered player. I-Ke wi

about 1 year ago
Seaspan’s LNG bunker vessel Garibaldi to take first cargo in Vancouver
Business Developments & Projects

Seaspan’s LNG bunker vessel Garibaldi to take first cargo in Vancouver

Seaspan Energy’s first LNG bunkering vessel, the Seaspan Garibaldi (Nch’kay), is on its way to Vancouver, where it will take its first cargo and finalize commissioning.

about 1 year ago
Longship CCS value chain; Source: Northern Lights
Business & Finance

Norway’s $2.8 billion full-scale carbon capture transport and storage project close to crossing the finish line

The Norwegian government has made room in its 2025 budget for a multimillion-dollar investment destined to be injected into its carbon capture and storage (CCS) project, described as a full-scale CO2 capture, transport, and storage development in line with the country’s international climate agreeme

about 1 year ago
MF Estelle
Innovation

‘World’s first’ remotely operated electric ferry wraps up trial in Sweden

MF Estelle, the ‘world’s first’ autonomous electric ferry, has completed its journey between two major islands in central Stockholm, demonstrating the potential for unmanned, sustainable transport, the RISE Research Institutes of Sweden has unveiled. MF Estelle’s trial in Stockholm Designed and buil

about 1 year ago
Protesters holding a "Stop fossil subsidies" banner
Environment

Climate protesters in Brussels demand EU-wide end to gov’t support for fossil fuels, warning of ‘ecological and social collapse’

United for Climate Justice (UCJ), a platform of climate and social justice movements coordinating the Stop Fossil Subsidies campaign, has held a protest in Brussels urging EU leaders to put an end to state funding of fossil fuels.

about 1 year ago
The University of Bergen has been granted funding to upgrade the Ægir 6000 deep-sea remotely operated vehicle (ROV), designed for marine research, and associated infrastructure. This upgrade aims to e
Business & Finance

Norway’s deep-sea remotely operated vehicle secures funding for upgrade

The University of Bergen has been granted funding to upgrade the Ægir 6000 deep-sea remotely operated vehicle (ROV), designed for marine research, and associated infrastructure. This upgrade aims to ensure continued reliability, add new functionality, and improve operational efficiency. Since its 20

about 1 year ago
Finland-Estonia green shipping corridor gains momentum
Business Developments & Projects

Finland-Estonia green shipping corridor gains momentum

The FIN-EST Green Corridor, a collaborative initiative between Finland and Estonia aimed at creating a sustainable and climate-neutral maritime corridor in the Gulf of Finland, has approved 19 joint projects that seek to reduce the carbon footprint of ferry journeys between the two countries. The in

about 1 year ago
Glander, Cepsa to deliver biofuel to cruise lines in the Mediterranean
Collaboration

Glander, Cepsa to deliver biofuel to cruise lines in the Mediterranean

Glander International Bunkering, a subsidiary of Bunker Holding, and Spanish marine fuel supplier Cepsa have joined forces on the supply of second-generation hydrotreated vegetable oil (HVO) to cruise line vessels in the Mediterranean.

about 1 year ago
Illustration; Source: Petrobras
Business & Finance

Petrobras and Wood go on future-proofing mission to imbue automation, safety, and electrification optimization shots in the FPSO design arm

Brazilian state-owned energy heavyweight Petrobras has joined forces with the UK’s engineering and consulting company Wood to change and enhance the design of the traditional floating production, storage, and offloading (FPSO) vessels working for the Brazilian giant to minimize the number of persons

about 1 year ago
Europe-owned vessel brings in cable from South Korea to Senegal for two links
Business & Finance

European JV-owned vessel brings in cable from South Korea to two Senegalese links

A cable-laying vessel (CLV) owned by a joint venture of UK’s Enshore Subsea and Belgian Herbosch-Kiere has brought 31 kilometers of subsea cable to the project site of two links that are part of a program that aims to revolutionize Senegal’s power infrastructure and provide sustainable electricity t

about 1 year ago
Jumbo
Business Developments & Projects

Jumbo installs ‘first’ wind-assisted propulsion systems on heavy lift vessel

Dutch heavy-lift shipping and offshore transport company Jumbo has completed the installation of two mechanical sails onboard its 13,000 dwt heavy lift vessel (HLV) Jumbo Jubilee.

about 1 year ago
Bassadone’s new shipping venture to propel Peninsula’s fleet modernization with ‘ultra-spec’ methanol-ready tankers
Business & Finance

Bassadone’s new shipping venture to propel Peninsula’s fleet modernization with ‘ultra-spec’ methanol-ready tankers

Hercules Tanker Management (HTM), a shipping venture formed by John A. Bassadone, founder and CEO of marine fuels company Peninsula, is expanding its fleet with four new ‘ultra-spec’ tankers capable of supplying methanol and 100% biofuel, with deliveries set to begin in the second quarter of 2025. S

about 1 year ago
Inside the University of Michigan’s Marine Hydrodynamics Laboratory, Lei Zuo, the Herbert C. Sadler Collegiate Professor of Engineering and a professor of naval architecture and marine engineering, in
Business Developments & Projects

US community-centric wave energy project secures $3.6M backing

The National Science Foundation (NSF) has awarded $3.6 million in funding to a project that aims to determine the best way to harvest wave energy for coastal communities at Beaver Island, Michigan, and Nags Head, North Carolina, in the U.S. The University of Michigan-led project aims to provide rene

about 1 year ago
Leviathan; Source: NewMed Energy
Business & Finance

War imposes six-month hiatus on gas production boost as US energy giant puts off ops to get expansion show underway

As the ongoing war in the Middle East spreads to encircle other territories while continuing to rage unabated, Chevron has postponed its planned work on a giant natural gas field expansion project off the coast of Israel.

about 1 year ago
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