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Market Outlooks

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Bombora Wave Power's mWave device concept (Courtesy of Bombora Wave Power)
Market Outlooks

MOL-Bombora wave energy project in Mauritius gets subsidy from Japan

Japanese shipping giant Mitsui O.S.K. Lines (MOL) has informed that its proposed wave energy project in Mauritius, to be developed with Bombora Wave Power, received subsidy from the Ministry of Economy, Trade and Industry (METI) of Japan.

about 4 years ago
Photo showing Orbital Marine's O2 tidal turbine (Courtesy of Orbital Marine Power)
Market Outlooks

Orbital Marine to showcase UK’s tidal power prowess at Global Investment Summit

The UK government has unveiled the 12 businesses from across the UK who will showcase their green technology and innovations at the Global Investment Summit – one of which is the Scottish-based tidal energy company Orbital Marine Power.

about 4 years ago
ORE Catapult’s 1MW powertrain test facility (Courtesy of ELEMENT)
Market Outlooks

ELEMENT set to start onshore testing programme for Nova Innovation’s tidal energy turbine

EU-backed ELEMENT project, whose aim is to slash the cost of tidal energy by 17% using artificial intelligence, is well underway with preparations to start with the onshore testing programme at ORE Catapult’s Blyth facility.

about 4 years ago
The listed open water facilities of TEAMER programme (Screenshot/TEAMER website)
Market Outlooks

TEAMER kicks off fifth call offering open water marine energy test support

The Testing Expertise and Access for Marine Energy Research (TEAMER) programme, supported by the U.S. Department of Energy (DOE), has launched the fifth call for applications, offering also limited open water support for marine energy testing through its facility network.

about 4 years ago
The 1MW OceanQuest tidal turbine retrieved after two years in operation (Courtesy of HydroQuest/Photo by PG/CMN)
Market Outlooks

HydroQuest brings tidal energy turbine ashore after two years in operation off France

French marine energy company HydroQuest has retrieved its 1MW tidal energy turbine after two years of being submerged and operating at the Paimpol-Bréhat site in the French province of Brittany.

about 4 years ago
Illustration/CorPower wave energy farm co-located with wind farm (Courtesy of CorPower Ocean)
Market Outlooks

EU launches €3.9 million call for multi-use offshore renewable energy projects

A new €3.9 million call for proposals has been launched under the European Maritime, Fisheries and Aquaculture Fund for innovative multi-use projects combining offshore renewable energy with other activities in the blue economy space.

about 4 years ago
Bathymetry campaign at the Gulf of Morbihan has been performed ahead of installation of Sabella's turbines (Courtesy of TIGER)
Market Outlooks

Gulf of Morbihan being prepared for Sabella’s tidal turbines

TIGER project partners have carried out a bathymetry campaign of the seabed in the Gulf of Morbihan as part of preparations for the installation of Sabella’s tidal turbines.

about 4 years ago
Avance Gas
Market Outlooks

John Fredriksen eyes full control of Avance Gas

Norwegian-born Cypriot oil tanker and shipping billionaire businessman John Fredriksen is looking to gain full control over Bermuda-based liquefied petroleum gas (LPG) transportation company Avance Gas Holding.

about 4 years ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Market Outlooks

Arup, WES create Convex tool to showcase cost-cutting benefits of concrete for wave energy

Arup Group has found that replacing steel with concrete could reduce the costs of floating wave energy converters by 20%, as part of a project funded by Wave Energy Scotland (WES). Also, a new decision-making tool dubbed Convex has been developed to help wave energy device developers assess the feas

about 4 years ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Market Outlooks

COSCO Shipping International sells 60 pct stake in Singapore dry bulk shipping firm

Integrated logistics service provider COSCO Shipping International (Singapore) Co., has decided to dispose of a 60 per cent interest in dry bulk shipping company COSCO Shipping (Singapore) Pte. Ltd.

about 4 years ago
Photo showing the inauguration of the Slow Mill wave energy prototype (Courtesy of Slow Mill/Photo by TK Photography)
Market Outlooks

Slow Mill device braces up for North Sea waves

Dutch wave energy company Slow Mill Sustainable Power has come closer than ever to the first real sea demonstration of its wave energy prototype, which is currently undergoing final assembly before taking on the challenge of producing clean and renewable energy off the shores of the Netherlands.

about 4 years ago
Photo showing the new and improved HarshLab (Courtesy of Tecnalia)
Market Outlooks

Tecnalia unveils largest floating test lab for offshore industry

Spanish research and technological development centre Tecnalia has unveiled a new version of the HarshLab laboratory with increased features and capabilities to carry out tests and research and development activities to address the needs of offshore industries and increase their competitiveness.

about 4 years ago
wind
Market Outlooks

Shipping’s decarbonization quest: 30,000 existing ships ready for wind propulsion tech

As the maritime industry’s quest for the best possible decarbonization has intensified, wind propulsion systems are gaining traction around the globe.

about 4 years ago
The Waverider buoy will spend 12 months off North Carolina’s coast, collecting data on ocean waves, currents, tides, and water temperatures (Photos courtesy of Mike Muglia; NREL)
Market Outlooks

Researchers start wave energy resource characterization in Atlantic Ocean

Researchers from North Carolina and Puerto Rico have deployed Waverider buoys to collect wave energy data that will help marine energy developers pinpoint best spots to source clean, renewable energy in the Atlantic Ocean.

about 4 years ago
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