The number of wind-installed vessels is set to double in the next twelve months, according to estimates from the International Windship Association (IWSA). At the moment, the wind-assisted cargo capacity is standing at 1.4 million dwt with 22 large ships installed, 2 wind-ready ships, and a further
Classification society RINA has signed a Memorandum of Understanding (MoU) with Swiss-based technology developer ABB with the aim to develop new concepts to reduce emissions in shipping for various vessel types.
Danish company Wavepiston has opened a second round of equity crowdfunding as it aims to finance the final stages of demonstration and commercialization of its wave energy technology.
Malaysia Marine and Heavy Engineering (MMHE) has secured an engineering, procurement, construction and installation (EPCI) contract with Carigali-PTTEPI Operating Company (CPOC) for wellhead platforms, subsea pipelines and host tie-in works in the Gulf of Thailand. Under the contract valued at appro
Norwegian company YSA Design has become the latest member of a consortium led by Northern Xplorer, a recently established Norwegian cruise venture, that aims to build the world’s first zero-emission cruise ship.
Adopting tidal power alongside other forms of renewable energy can significantly enhance energy security and go some way to enabling communities to fulfil their clean energy ambitions, a new study has shown.
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has secured a contract to build one liquefied natural gas (LNG) carrier which represents the shipbuilder’s first order in 2023. Under the contract worth 314.5 billion won (around $248 million), DSME will build the LNG carrier f
Floating Energy Allyance (FEA) has selected Ocean Infinity to carry out an initial geophysical and geotechnical site investigation at its Buchan floating offshore wind project in Scotland. This represents an important step in the design and assessment process of the project, with the survey campaign
Siem Offshore’s research vessel for subsea use Siem Dorado is preparing to carry out a term campaign for marine geophysical service provider PXGEO in Brazil.
Belgian tanker shipping major Euronav has proposed to expand the membership of its Supervisory Board and to revise its structure, in line with the recent shifts in the company’s shareholder base. Namely, Famatown and its affiliated companies, controlled by shipping tycoon John Fredriksen, have built
Japan’s shipping company Mitsui O.S.K. Lines (MOL) has decided to integrate two ferry and coastal RORO vessel operating companies, MOL Ferry Co. and Ferry Sunflower Limited.
Baker Hughes’ weekly rig count report has revealed that the number of offshore rigs in the U.S. was on an upward trajectory last week.
Hydrogen production capacity is estimated to reach 4.5 million tons per annum (mtpa) worldwide by the end of 2023 despite the slowing global economy, representing 165% growth compared to 2022, according to a report by data and analytics company GlobalData. GlobalData’s recent publication called “Hyd
Around 300 construction members of Stork Technical Services UK will be balloted on strike action over rotas and pay on more than 30 offshore installations in the UK Continental Shelf (UKCS), UK’s Unite the union reported. The offshore dispute is centered on working rotas and Stork rates of pay faili
