Swedish tidal energy developer Minesto has secured a SEK 22 million (approximately $2.3 million) loan from Fenja Capital to be used as working capital for its ongoing operations and business development. According to Minesto, the loan has a four percent set-up fee and a one percent monthly interest
With the goal of stepping up its drone technology game for crude oil storage tank inspections on floating production, storage, and offloading (FPSO) vessels and large offshore platforms, Japan’s MODEC has revived its relationship with Terra Drone Corporation, a compatriot drone and urban air mobilit
The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS), in collaboration with ‘key’ partners, has unveiled a concept design for a 3,500 TEU container feeder vessel fueled by ammonia. As disclosed, MMMCZCS has worked on this concept together with German engine manufacturer Everllence (f
Petronas CCS Ventures, part of Malaysia’s state-owned energy giant Petronas, compatriot shipowner MISC Berhad and Japanese shipping company Mitsui O.S.K. Lines (MOL) have incorporated a strategic joint venture to develop and acquire liquefied carbon dioxide (LCO2) carriers.
Ceres, a developer of clean energy technology: fuel cells for power generation and electrolyzers for the production of green hydrogen, has joined the Hydrogen Council, a global CEO-led initiative of energy, transport, and industry companies.
Singapore-headquartered offshore marine service contractor Kim Heng has signed a memorandum of understanding (MoU) with the newly incorporated government-linked Singapore Energy Interconnections (SGEI) to cooperate on submarine power projects. As part of the non-binding MoU signed on June 9, the par
Ocean Hyway Cluster, a Norwegian network for hydrogen-based solutions for the maritime sector, and its consortium partners are set to initiate a pre-study on co-locating multiple types of low- and zero-emission maritime energy solutions in a single, integrated infrastructure hub, with funding suppor
Dutch sustainable energy solutions provider FincoEnergies has adopted Digital Delivery through electronic Bunker Delivery Note (eBDN) technology across its marine (bio)fuel operations in the Amsterdam-Rotterdam-Antwerp (ARA) region.
French marine renewables consultancy Innosea is rebranding as OWC, finalizing its integration into the ABL Group’s global renewable energy advisory unit. The move consolidates Innosea’s research and development (R&D) and engineering capabilities under the OWC name, while structural, hydrodynamics, a
Fujairah Terminals, a subsidiary of the UAE-based terminal operator AD Ports Group, and the Fujairah Free Zone Authority (FFZA) have signed a memorandum of understanding (MoU) to attract investment, streamline operations, and promote sustainable growth within Fujairah’s maritime ecosystem.
K Line Energy Shipping, a London-based unit of Kawasaki Kisen Kaisha (K Line), has joined forces with Yinson Production, an owner and operator of floating production, storage and offloading (FPSO) vessels, to develop and market liquefied CO2 (LCO2) carrier and injection solutions.
France-based shipping colossal CMA CGM has held talks with officials from the Indian Ministry of Ports, Shipping and Waterways (MoPSW) regarding maritime transport, shipbuilding, container terminals, multimodal logistics, and maritime industrial opportunities in the Southeast Asian nation. According
UK provider of remotely deployed subsea inspections, TSC Subsea, has joined Pulse Technology Hub to strengthen its footprint in Australasia’s offshore energy sector. The company, which provides robotic inspection solutions for subsea infrastructure, is said to collaborate with both the Hub and Pulse
Aberdeen-headquartered Mermaid Subsea Services (UK) has completed a well intervention on the Teal P2 well in the UK Central North Sea on behalf of Anasuria Operating Company (AOC). According to Mermaid Subsea Services, the operation, carried out from the Island Valiant vessel, focused on delivering
