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Cables for New York's largest clean energy project cross US-Canada border
Business & Finance

Cables for New York’s largest clean energy project cross US-Canada border

The high-voltage direct current (HVDC) underwater and underground power cable project that will connect the Canadian border and New York has celebrated another construction milestone as cables have been floated across the U.S.-Canadian border marking the official start of marine installation work in

about 2 years ago
PSV Icon Amara; Source: Icon Offshore
Authorities & Government

Probe ongoing after fatal vessel incident near oil platform leaves two dead and one seriously injured

Icon Offshore has confirmed the incident that took two lives and left one worker seriously injured in the waters off the coast of Sarawak, Malaysia.

about 2 years ago
MPA Singapore
Business Developments & Projects

New alliance to bolster maritime’s capacity in carbon accounting

The Maritime and Port Authority of Singapore (MPA) and the UN Global Compact Network Singapore (GCNS) have signed a memorandum of understanding (MoU) to help strengthen the maritime industry’s capacity in carbon accounting and management.

about 2 years ago
Berge Bulk adopts Sofar’s technology to boost efficiency of wind-assisted ships
Technology

Berge Bulk adopts Sofar’s technology to boost efficiency of wind-assisted ships

Singapore-based dry bulk shipowner Berge Bulk has decided to install Wayfinder platform, developed by San Francisco-based maritime technology company Sofar Ocean, across its fleet, including new vessels equipped with wind propulsion technology.

about 2 years ago
KR: Low-carbon sailing ship ready to serve Marshall Islands
Business Developments & Projects

KR: Low-carbon sailing ship ready to serve Marshall Islands

Low-carbon sailing ship SV Juren Ae, built under KR class at Asia Shipbuilding in South Korea, has been delivered to MISC.

about 2 years ago
A 170,000 cubic meter LNG FSRU built by HD Hyundai Heavy Industries and delivered in 2020 (for illustration purposes); Source: HD Hyundai Marine Solutions
Business & Finance

2004-built vessel getting new lease on life as LNG FSU in Central America after European firm taps Korean shipbuilder for retrofit

HD Hyundai’s marine solutions arm has been hired by a European shipping player to undertake its first conversion of an LNG carrier into an LNG FSU.

about 2 years ago
A map of ESO's recommended network design for Celtic Sea floating wind
Authorities & Government

British ESO proposes network design to connect upcoming Celtic Sea floating wind farms

The Crown Estate has invited proposals from the pre-qualified bidders in the Round 5 seabed leasing process which will award up to 4.5 GW of floating wind capacity in the Celtic Sea. Around the same time, National Grid ESO issued a recommended network design to connect the upcoming floating wind far

about 2 years ago
Noble Deliverer semi-sub rig; Source: Noble
Business & Finance

Transocean, Valaris, Noble, Seadrill, and Diamond Offshore rigs’ drilling game lifts total backlog to $21.8 billion

Five rig-owning titans – Transocean, Valaris, Noble, Seadrill, and Diamond Offshore -which are seen as the crème de la crème of the offshore drilling contractors, have managed to increase their combined total backlog to a whopping $21.8 billion.

17 minutes read
SolarDuck and the world's largest offshore floating solar power plant
Authorities & Government

Policies on multi-source offshore energy parks start taking shape in Europe

The European Commission’s (EC) Directorate-General for Energy (DG ENER) is preparing detailed recommendations on the integration of non-price criteria in offshore renewable energy tenders.

about 2 years ago
Yang Ming
Business & Finance

Yang Ming on track to have energy-efficient fleet

Despite prolonged disruptions in the container shipping industry, Taiwanese shipping company Yang Ming has reported a profitable second quarter of 2024 and unveiled further ship acquisitions to meet its emission reduction targets.

about 2 years ago
Navigator
Business & Finance

Navigator Gas enters up to $147.6 million credit deal

Navigator Gas has entered into a secured term loan and revolving credit facility with Credit Agricole Corporate and Investment Bank, ING Bank and Skandinaviska Enskilda Banken.

about 2 years ago
James Carnegie (Viper Innovations), Phil Reid (J+S Subsea) and Richard Knox (Verlume).
Business & Finance

UK-made subsea battery systems hit the water offshore Canada

Three UK companies have deployed three subsea battery-powered control systems offshore Canada that are said to maintain the integrity of the subsea electrical infrastructure when topside electrical power is unavailable.

about 2 years ago
LNG plant by the seaside at sunset
Business & Finance

More Indonesian gas booked: Pertamina to supply compatriot player with LNG for five more years

Pertamina’s subsidiary PGN has penned two documents related to the sale of LNG with Indonesian firm Donggi-Senoro LNG (DS LNG).

about 2 years ago
Two milestones in for European JV at Senegalese links
Business & Finance

Two milestones in for European JV at Senegalese links

The UK-Belgium joint venture established last year has begun offshore operations and has already passed milestones for a project in Senegal that is part of a program that aims to revolutionize the country’s power infrastructure and provide sustainable electricity to millions of people. Under a $200

about 2 years ago
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