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Ambroise Fayolle, EIB Vice-President, and Kestutis Sadauskas, Deputy Director-General of the Directorate-General for Maritime Affairs and Fisheries with the EU Blue Champions.
Business & Finance

EU Blue Champions: Marine energy companies secure support for growth

Selected companies align with the EU Mission on ocean and waters by aiming to restore marine and freshwater ecosystems and biodiversity, prevent and eliminate pollution, or decarbonize the blue economy.

about 2 years ago
Green ships
Green Marine

Better shipyard capacity key to building, refitting 3,500 green ships by 2050

Improving shipyard capacity will be crucial to enable thousands of green ships to join the global fleet in the next two and a half decades, a new report found.

about 2 years ago
Industry unites to bridge knowledge gap on effects of subsea cables on marine wildlife
Business & Finance

Industry unites to bridge knowledge gap on effects of subsea cables on marine wildlife

A number of companies from the industry have joined forces in a project to investigate the effects of subsea electricity cables on marine wildlife, expected to contribute to developing environmentally friendly power cable systems. The FlatEMF project, being undertaken by 50Hertz, EirGrid, Europacabl

about 2 years ago
Leviathan field; Source: New Med Energy
Business & Finance

More gas sold from Chevron’s Mediterranean Sea field under $650 million deal

Chevron has signed a contract with Israel’s Eshkol Power Energies to supply natural gas for the production units at Eshkol power station.

about 2 years ago
Peel Ports
Business Developments & Projects

Peel Ports, NatPower to create first green shipping corridor between UK and Ireland

Peel Ports Group, a major UK port operator, and NatPower Marine, an independent clean energy enabler for the maritime sector, have revealed plans to establish the first green shipping corridors between Ireland and the UK.

about 2 years ago
Keel laying for the construction of the FPSO Errea Wittu hull; Source: MODEC
Business & Finance

MODEC: Keel laying for Guyana-bound FPSO hull done weeks ahead of schedule

MODEC has achieved a new milestone by completing the keel laying for the construction of an FPSO hull, which is destined for Guyana.

about 2 years ago
Submarine cable tender teaser issued for second Malta-Italy interconnector
Business & Finance

Submarine cable tender teaser issued for second Malta-Italy interconnector

InterConnect Malta, owned by the Maltese government, has issued a prior information notice (PIN) for the tender for the manufacture and installation of the submarine cable for the second electrical interconnector between Malta and Italy. The contracting authority plans to issue a tender for the deta

about 2 years ago
CMB.TECH and Damen partner on hydrogen-powered tugs
Business Developments & Projects

CMB.TECH and Damen partner on hydrogen-powered tugs

Cleantech maritime group CMB.TECH and shipbuilding company Damen have agreed to collaborate on hydrogen-powered azimuth stern drive (ASD) tugs.

about 2 years ago
In a ‘world’s first’, MOL to install Wind Challenger on an in-service ship
Equipment

In a ‘world’s first’, MOL to install Wind Challenger on an in-service ship

Japanese shipping company Mitsui O.S.K. Lines (MOL) has decided to install the Wind Challenger hard sail wind propulsion system on coal carrier Kurotakisan Maru III.

about 2 years ago
Ocean Infinity Cyan Renewables
Business & Finance

Cyan, Ocean Infinity partner for APAC offshore wind projects

Cyan Renewables, a portfolio company of Seraya Partners, and Ocean Infinity have teamed up to provide geophysical and geotechnical services for offshore wind projects in the Asia-Pacific region. The companies have formalized their partnership through the signing of a Memorandum of Understanding (MoU

about 2 years ago
Borr Drilling
Business & Finance

Borr Drilling rigs find new jobs in Europe, Southeast Asia, Middle East, and Africa

Borr Drilling has secured a batch of new contracts, extensions, and potential assignments, for several premium jack-up rigs in its fleet.

about 2 years ago
GEOxyz about to kick off surveys at fourth Eastern Green Link
Authorities & Government

GEOxyz about to kick off surveys at fourth Eastern Green Link

Marine environmental surveys and geotechnical surveys are scheduled to begin next month for the fourth high voltage direct current (HVDC) electrical link that is part of the UK’s plans to enhance the electricity network. GEOxyz will carry out the surveys for the Eastern Green Link 4 (EGL4) project u

about 2 years ago
Norve jack-up rig; Source: Borr Drilling
Business & Finance

UK oil & gas firm’s drilling plans run into setback due to Borr rig’s holdup on current assignment

Tower Resources is working on ironing out a new drilling date for an asset offshore Cameroon, with Borr Drilling.

about 2 years ago
Corvus Energy
Business Developments & Projects

Corvus Energy battery systems for Panama Canal’s ten new hybrid tugs

Norwegian energy storage company Corvus Energy has been contracted to supply battery systems for ten hybrid tractor tugboats ordered by the Panama Canal Authority.

about 2 years ago
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