The maritime industry is forecast to spend $931 million on artificial intelligence (AI) solutions in 2022, according to a recent report published by Lloyd’s Register in cooperation with Thetius. That figure is expected to more than double in the next five years to $2.7 billion by 2027, a compound an
The US Department of Energy (DOE) has unveiled the winners of $500,000 cash prize in the second phase of the Ocean Observing Prize competition, established to help develop solutions that use marine energy to power hurricane-monitoring systems.
The US Department of Energy (US DOE) has published a notice of intent to issue a $10 million funding opportunity to support innovation in the marine energy sector and contribute to the development of stronger blue economy markets.
Nuvve Holding Corp and Maine Maritime Academy (MMA) have signed MOU to create a framework of vehicle-to-grid (V2G) clean-energy solutions across a myriad of maritime applications.
Avikus, an autonomous navigation solutions startup founded by South Korean shipbuilder Hyundai Heavy Industries (HHI) Group in late 2020, has been contracted by two compatriot shipping companies to install an autonomous navigation solution for large vessels.
Mitsui O.S.K. Lines revealed today that it will build a second bulk carrier equipped with the Wind Challenger hard sail system, which harnesses the power of wind to propel the vessel. Namely, MOL Group company MOL Drybulk, which will operate the 62,900 dwt vessel, has signed a construction contract
Marine Power Systems (MPS) is set to demonstrate a multi-megawatt wave energy array at the European Marine Energy Centre (EMEC) in Orkney, Scotland.
Dutch shipping company ÈTA Shipping and Lithuania-based marine engineering specialist Western Baltic Engineering have started their joint engineering of ÈTA Shipping’s launching project ÈTA 6700.
Japanese industry majors have joined hands in a program aimed at strengthening digital engineering technology and skills in the maritime sector by building a cooperative simulation platform. The companies involved in the project are Japan Marine United Corporation, Mitsubishi Shipbuilding, NYK Group
Marine Power Systems (MPS) has selected TSC Engineering to provide the design and development of the tensioner deployment system for its combined wave energy and floating wind solution.
ABB has received a best practices award from consulting firm Frost & Sullivan that recognizes its subsea technology for saving power and cutting emissions for energy industries. ABB won Frost & Sullivan’s 2022 Best Practices Award for Global Oil and Gas Automation Technology Innovation Leadership fo
Irish tidal and river energy technology developer Tidal Flyer has tested its system at LiR National Ocean Test facility (NOTF), Ireland’s flagship facility for testing and development of offshore technologies, under the support of the Selkie project.
The International Energy Agency’s Technology Collaboration Program on Ocean Energy Systems (IEA-OES) has published six interviews on successful projects around the world that take advantage of the temperature of the ocean for heating, cooling and power production.
UK maritime tech firm Smart Green Shipping (SGS) has received a £5 million ($6 million) investment to develop and test fully automated, emission-reduction wing sail technology that can be retrofitted to merchant ships.
