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Illustration of Magallanes Renovables tidal stream device. Source: UK Marine Energy Council
Authorities & Government

UK awards six tidal stream projects with Contracts for Difference in Allocation Round 6

The UK government has unveiled the results of Allocation Round 6 (AR6) of the contracts for difference (CfD) renewable auction, with six projects across five sites securing contracts to deliver 28 MW of tidal stream capacity at a rate of £172/MWh (approximately $225/Mwh). AR6 marks the third consecu

about 1 year ago
Lloyd’s Register approves Sealution’s data connectivity solution for vessels
Business Developments & Projects

Lloyd’s Register approves Sealution’s data connectivity solution for vessels

Sealution has been awarded type approval by Lloyd’s Register for its plug-and-play Gateway solution, designed to unlock and transport critical data below deck on board merchant vessels.

about 1 year ago
LNG Canada marine terminal, Kitimat, March 2024; Courtesy of Shell-led LNG Canada
Business & Finance

‘Pivotal’ move for Canada’s first LNG export facility to come online

With the first natural gas feed and flaring, LNG Canada, a joint venture company encompassing Shell, Petronas, PetroChina, KOGAS, and Mitsubishi, is taking a key action toward putting into operation mode its liquefied natural gas (LNG) export terminal in Kitimat, Canada’s British Columbia (B.C.).

about 1 year ago
New LNG-powered car carrier joins K Line’s fleet
Business Developments & Projects

New LNG-powered car carrier joins K Line’s fleet

Japanese shipping company Kawasaki Kisen Kaisha (K Line) has taken delivery of the newbuild LNG-fueled car carrier from China Merchants Jinling Shipbuilding (Jiangsu). The 7,000 CEU vessel named Nereus Highway is the first LNG-fueled ship built by the Chinese shipyard for K Line as part of the order

about 1 year ago
Longship orders up to eight eco-friendly vessels in Netherlands
Business Developments & Projects

Longship orders up to eight eco-friendly vessels in Netherlands

The Netherlands-based shortsea ship operator and logistics company Longship has ordered a series of four 6,000 dwt vessels, with an option for four additional ships.

about 1 year ago
SAL Heavy Lift launches first methanol-ready Orca class vessel (Video)
Vessels

SAL Heavy Lift launches first methanol-ready Orca class vessel (Video)

Germany-based maritime heavy lift and project cargo carrier SAL Heavy Lift has launched its first Orca-class heavy lift vessel at Wuhu Shipyard in China.

about 1 year ago
BAR Technologies rolls out new 20-24m WindWings models, increasing target fleet size by nearly 50%
Business Developments & Projects

BAR Technologies rolls out new 20-24m WindWings models, increasing target fleet size by nearly 50%

Wind propulsion developer BAR Technologies (BAR) has launched new 20m and 24m models of its WindWings, designed to save 0.7 tonnes of fuel per day per WindWing on average on worldwide routes. Building on the 37.5m WindWings, which demonstrated significant energy reductions, the new models are expect

about 1 year ago
Port of Rotterdam through which Porthos pipeline will run; Source: Port of Rotterdam
Business & Finance

Porthos in the making: New construction steps setting the stage for first Dutch large-scale North Sea carbon transport and storage project

With the infrastructure buildout phase underway, the foundation stone has been laid down for the first large-scale Dutch carbon capture and storage (CCS) project.

about 1 year ago
Noble Discoverer (former Maersk Discoverer) rig; Source: Noble Corporation
Authorities & Government

Noble and Diamond Offshore days away from becoming one as final regulatory approval slides into place

Noble Corporation and Diamond Offshore have managed to get all regulatory requirements out of the way, thus, their business combination is anticipated to be completed in a couple of days.

about 1 year ago
COSCO Shipping makes waves with 42-bulk carrier mega deal
Vessels

COSCO Shipping makes waves with 42-bulk carrier mega deal

Chinese shipping heavyweight COSCO Shipping has signed an investment, construction and leasing agreement for 42 bulk carriers in a major fleet expansion push.

about 1 year ago
HVDC cable from each converter station two pairs of HVDC cables, one positive and one negative, will connect to a remote station. The cables will run underground from the converter stations to the coa
Authorities & Government

Fears over national security threaten to nip UK – France subsea interconnector in the bud

As the proximity to a naval base stokes defense and national security concerns, will the Ministry of Defence’s objection be the final nail in the coffin for this bi-directional green electric power link?

11 minutes read
Maritime non-profit MPSF
Collaboration

DNV partners with MPSF to advance sustainability and decarbonization

In a move to bolster maritime sustainability, Norway-based classification society DNV and the Mumbai Port Sustainability Foundation (MPSF), a non-profit entity under the Mumbai Port Authority, have signed a Memorandum of Understanding (MoU), aiming to advance decarbonization, digitalization, and emi

about 1 year ago
FPSO Norne; Source: Equinor
Business & Finance

Norway’s DNO building up oil & gas portfolio through new acquisitions and drilling ops

DNO has been stockpiling its oil and gas arsenal by pursuing acquisitions of offshore fields and searching for more hydrocarbons on the Norwegian Continental Shelf (NCS).

about 1 year ago
Carnegie's CETO wave energy converter
Business Developments & Projects

Lloyd’s Register to start certification process of Carnegie’s CETO wave energy converter

Marine classification society, Lloyd’s Register, has been contracted by Australian wave energy developer, Carnegie Clean Energy, to begin the certification process for CETO, a fully submerged point absorber wave energy converter (WEC). Lloyd’s Register will assess Carnegie’s CETO WEC according to IE

about 1 year ago
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