DMEC’s 2024/2025 Market Report Chapter 1 on Innovative Offshore Renewable Energy Technologies offers a unique and comprehensive overview of the latest innovations and their global developments. It includes insights on the key following offshore renewable energy technologies: tidal, wave, offshore so
European refiners are expected to become significant producers and buyers of green hydrogen, with the maritime sector offering growth potential.
Belgian shipowner CMB.TECH and Norway-based dry bulk shipping company Golden Ocean Group (GOGL) have completed the stock-for-stock merger. As informed, GOGL merged with CMB.TECH Bermuda, a wholly-owned subsidiary of CMB.TECH, with CMB.TECH Bermuda as the surviving company, and with CMB.TECH as the i
There has been a rapid progress in the development of methanol and ammonia as zero-emission fuels, however, technology readiness is not enough in and of itself to drive the change needed at the pace required, a new report released by the Global Maritime Forum finds.
To accelerate growth in the Middle East and enhance local industrial capabilities as part of its global strategy, China’s ZTT Submarine Cable & System is planning to set up a manufacturing facility in Saudi Arabia. By establishing manufacturing operations in Saudi Arabia, ZTT said it aims to directl
The UK’s Department for Energy Security and Net Zero has issued the statutory notices for Allocation Round 7 (AR7) and Allocation Round 7a (AR7a) on July 23, 2025, confirming changes to pricing and contract structure under the Contracts for Difference (CfD) scheme. For the first time, separate indic
Over 200 vessels will be managed by MOL Global Ship Management (MOLGSM) after Japanese shipping major Mitsui O.S.K. Lines consolidated its in-house ship management companies.
Offshore Energy has launched a summer sale with up to 50% off on advertising packages, ending on July 31. Use this opportunity to book your advertising campaign and multiply ways to increase exposure to the industry! Get 15% off for one, 25% off for two, and 50% off for three products or more. Conta
E.A. Gibson Shipbrokers has joined forces with RMK Maritime (Europe) to expand its service offering. Effective from August 1, 2025, RMK Maritime will be rebranded as E.A. Gibson Capital.
South Korean Taihan Cable & Solution is investing $360 million for the first phase of construction of its second submarine cable manufacturing facility, which will once operational deliver a production capacity nearly five times greater than the company’s first submarine cable plant. Taihan opened t
Voluntary insetting schemes in the maritime industry could play a pivotal role in facilitating shipping’s decarbonization during the critical pre-regulatory period, so long as they incorporate ‘robust safeguards‘ that lead to the uptake of long-term fuel options, a new analysis by UCL Energy Institu
Swedish wave energy developer CorPower Ocean has secured new strategic backing from Acario, the venture arm of Tokyo Gas, and GTT Strategic Ventures, part of French LNG tech group GTT, as part of its Series B funding round. The investment builds on CorPower’s earlier €32 million Series B1 raise, sup
Despite renewable energy capacity growing by over 15% in 2024, the gap in deployment between regions continues to widen, according to the International Renewable Energy Agency (IRENA).
The latest action the United States (U.S.) has taken to unlock its energy dominance, encapsulated in a new tax reconciliation bill, which President Donald J. Trump signed into law, has set the stage for an uptick in domestic energy to drive down costs by inciting new investments across all energy do
