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Hyundai Heavy Industries
Business Developments & Projects

HHI, HGS complete decarbonisation and digitalisation JDP with ABS

South Korean Hyundai Heavy Industries (HHI), Hyundai Global Service (HGS) and maritime and offshore classification society American Bureau of Shipping (ABS) have sealed a joint development project (JDP) which was concluded with Approval in Principle (AiP) for HGS smart ship technologies.

about 5 years ago
A photo of a Hywind Scotland floating wind turbine
Business Developments & Projects

Equinor funding shallow-water floating wind mooring project in U.S.

The U.S. National Offshore Wind Research and Development Consortium (NOWRDC) is funding a project developing a shallow-water floating offshore wind concept, with cost-share being provided by Equinor. The team behind the project includes the University of Massachusetts, Amherst (UMass) as the main co

about 5 years ago
Kraken Robotics expects 100% revenue growth in 2021
Business Developments & Projects

Kraken Robotics expects 100% revenue growth in 2021

Canadian Kraken Robotics is expecting a revenue of $24 million to $28 million for the year ending on 31 December 2021, which would represent a more than 100% growth compared to $12.3 million in 2020. The growth is due to recent contract wins for KATFISH 180 towed sonars, as well as ALARS for the Dan

about 5 years ago
Norsepower
Business Developments & Projects

Norsepower: 5 tiltable rotor sails installed on Vale-chartered ore carrier

Finland-based clean tech company Norsepower has installed five tilting rotor sails onboard a newbuild very large ore carrier (VLOC) chartered by Vale, a Brazilian mining company.

about 5 years ago
SRTI
Business Developments & Projects

NYK 1st Japanese shipping company to join ship recycling transparency initiative

Japan-based shipping company, Nippon Yusen Kaisha (NYK Line), has joined the Ship Recycling Transparency Initiative (SRTI), an information disclosure platform hosted by the Sustainable Shipping Initiative (SSI).

about 5 years ago
Marine Energy Atlas (Photo by Marine Energy Atlas)
Business Developments & Projects

NREL introduces upgraded Marine Energy Atlas

National Renewable Energy Laboratory (NREL) has introduced an upgraded version of Marine Energy Atlas.

about 5 years ago
Blue X makes pit stop in Aberdeen Harbour on its way to Orkney
Business Developments & Projects

Blue X makes pit stop in Aberdeen on its way to Orkney

Mocean Energy’s Blue X wave energy converter has arrived at the Aberdeen Harbour for loading at the quayside before its onward journey to Orkney, the Scottish port reported on 13 May. The 20-metre long, 38-tonne wave machine will be initially deployed at the European Marine Energy Centre (EMEC) to u

about 5 years ago
Blythe (L) and Southwark (R) platforms - IOG
Business Developments & Projects

IOG supports research to test carbon storage sites in North Sea

IOG is supporting research that will identify, examine, and test carbon storage sites in the Southern North Sea.

about 5 years ago
Johan Sverdrup field in Norway - Rystad
Business Developments & Projects

Upstream spending cut by $285bn as Covid-19 takes its toll, Rystad says

The toll of the Covid-19 on upstream investments in the first two years of the downturn is estimated at $285bn, Rystad Energy reports.

about 5 years ago
ABS
Business Developments & Projects

ABS, KSOE, HMD and RMI to jointly develop CO2 carrier designs

Classification society ABS, South Korean shipbuilder Korea Shipbuilding & Marine Engineering (KSOE), its subsidiary Hyundai Mipo Dockyard (HMD), and the Republic of the Marshall Islands (RMI) Maritime Administrator have signed a joint development program (JDP) to develop liquefied CO2 carrier design

about 5 years ago
Boskalis head office
Business Developments & Projects

Half of Boskalis Q1 offshore energy orders came from wind sector

Boskalis has reported a 10 per cent increase in the order book of its Offshore Energy division in the first quarter of the year (compared to the end of 2020), with around 50 per cent of new orders coming from the offshore wind sector. The first quarter at the company’s Offshore Energy division proce

about 5 years ago
FAR
Business Developments & Projects

FAR ‘disappointed’ over share trading reinstatement refusal

Australia’s FAR Limited has expressed its disappointment with the Australian Securities Exchange’s (ASX) refusal to reinstate the trading of the company’s shares.

about 5 years ago
Fehmarnbelt Tunnel to foster trade and tourism in Northern Europe
Business Developments & Projects

Fehmarnbelt Tunnel to foster trade and tourism in Northern Europe

The Fehmarnbelt Tunnel, one of the largest and most important infrastructure projects in Europe, is advancing according to schedule. The project, aimed to eliminate one of the bottlenecks in the Scandinavian-Mediterranean Corridor that stretches between Northern Scandinavia and Malta, was approved i

about 5 years ago
Australian LNG exports to China remain strong, despite ongoing dispute
Business Developments & Projects

Australian LNG exports to China remain strong, despite ongoing dispute

Australian liquefied natural gas (LNG) exports to China remain intact for now, despite the ongoing economic tensions between the two countries.

about 5 years ago
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