Swedish wave energy company Novige has concluded the extensive tests on its scaled NoviOcean wave energy prototype in France, with the support of the MaRINET2 project.
Sustainable Marine has completed ‘rigorous tests’ on its latest generation tidal turbine drivetrain at the world-renowned Center for Wind Power Drives at RWTH Aachen University, proving the technology is robust enough to take on the Bay of Fundy tides.
Ocean Renewable Power Company (ORPC) has secured a $20 million investment commitment, with an additional $5 million second closing this fall, from a consortium led by Canadian Shield Capital in alliance with Hatch.
A supply shortfall in Australia’s east coast gas market is increasingly likely, especially in the southern states, the Australian Competition & Consumer Commission’s (ACCC) latest gas report reveals.
Odfjell Gas Shipowning AS, part of Norwegian shipping and tank terminal company Odfjell SE, has entered into a transaction agreement with Singapore-based ship owner and operator BW Epic Kosan Ltd. (BWEK) for the sale of two LPG/ethylene carriers.
The Naval Facilities Engineering and Expeditionary Warfare Center has provided $6 million to the University of Hawaii at Mānoa (UH) to provide critical research and logistical support to the Navy’s Wave Energy Test Site (WETS), located offshore Marine Corps Base Hawaii.
Florida-based holding company SEACOR Holdings Inc. has wrapped up its acquisition of U.S. Shipping Corp (USSC), a privately-owned provider of long-haul marine transportation for chemical and petroleum cargoes in the U.S. coastwise trade, operating under the Jones Act.
HEGRA, a company that aims to electrify and decarbonize the ammonia plant at Herøya and enable large-scale green ammonia production, was launched in Norway on 16 August 2021.
National Renewable Energy Laboratory (NREL) researchers have started testing thermoplastic composite blades, said to have the potential to revolutionise the marine energy industry, on a large-scale tidal power turbine.
Costly environmental regulations recently introduced by the UN maritime body International Maritime Organization (IMO) are among the main factors for increased ship demolitions this year.
French start-up Guinard Energies is preparing to redeploy its P154 tidal turbine in southern Brittany in France, which will be coupled with a photovoltaic installation to provide power for an electric barge servicing an oyster farm.
Germany’s largest container liner shipping company Hapag-Lloyd enjoyed earnings growth in the first half of 2021 which was driven by strong demand and higher freight rates.
Bermuda-registered, Norway-based dry bulk shipping company Golden Ocean has terminated its relationship with Capesize Chartering Ltd. (CCL), a joint venture to coordinate the Capesize spot chartering services of Golden Ocean, Starbulk, CTM and Bocimar.
China has given the green light to Finnish engineering majors Konecranes and Cargotec to proceed with their merger plans.
