Swedish wave energy company Seabased has signed a lease agreement with the Government of Bermuda for the construction of 40MW wave energy park.
Leading figures in the marine energy sector have warned that the UK’s world-leading position in tidal energy can only be maintained with ‘practical support from Government to match its undoubted goodwill’.
CMA CGM delivered a strong financial performance for the third quarter of 2021 with a net income rising to $5.6 billion from $567 million seen in Q3 2020.
This week, 174 governments will meet at the International Maritime Organization (IMO) in London to discuss the pressing carbon emission reduction challenges in the shipping industry.
Swedish wave energy developer Ocean Harvesting Technologies has commissioned a Hardware-in-the-Loop (HIL) test rig to validate the InfinityWEC’s power take-off (PTO) with instant force control capabilities.
International shipping should strive to achieve net zero CO2 emissions by 2050, the Council of Members of the International Association of Independent Tanker Owners (INTERTANKO) has agreed.
According to Platts, Asia-Pacific LNG shipping day rates have reached an all-time high of around $300,000 a day for a standard LNG carrier due to winter demand.
South Korea has completed the construction of a wave energy demonstration plant, equipped with energy storage system, on one of the islands of the Chuja archipelago in the Jeju Strait.
Asia is the largest provider of seafarer workforce in the world accounting for four of the top five countries supplying seafarers in 2021, a new report published by the United Nations Conference on Trade and Development (UNCTAD) revealed.
A special online conference has been organized by Portugal’s leading marine energy R&D centre, WavEC Offshore Renewables, to provide a platform for Japanese energy firms, institutions and government officials to uncover key marine renewable energy opportunities in the region.
Annual growth in maritime trade between 2022 and 2026 will slow to 2.4%, compared to 2.9% over the past two decades, a new UNCTAD report predicts.
Scottish company Orbital Marine Power has established a strategic partnership with one of the leading offshore energy players TechnipFMC to accelerate the global commercialisation of its pioneering tidal energy technology.
An analysis of the annual cost of supply by Rystad Energy has revealed that costs within the upstream sector have come down considerably in 2021.
Australian wave energy company Wave Swell Energy (WSE) has launched a capital raising round of Au$2.5 million (€1.6 million) to fund a technology enhancement program under its Bluefire project.
