The UK has launched the Marine Energy Taskforce (MET), a new initiative aimed at developing a roadmap to realise the country’s marine energy potential. Supported by The Crown Estate and Crown Estate Scotland, the 12-month project will focus on accelerating wave and tidal stream energy deployment whi
The European Investment Bank (EIB) is supporting the construction of the first submarine electricity interconnection between Spain and France with €1.6 billion, in a push to improve the reliability of power supply among France, Spain and Portugal and with the rest of Europe. Delivered by Inelfe, a j
The majority of signatories to the Sea Cargo Charter (SCC)—a global climate alignment initiative developed by the Global Maritime Forum—reduced their emission intensity over the last year, a new annual disclosure report shows.
Global Underwater Hub (GUH), the trade and development body representing the UK’s £9 billion (approximately 12.2 billion) subsea sector, has called on the Ministry of Defence (MoD) to overhaul its approach to underwater defence and begin working directly with commercial subsea companies to counter r
Offshore green hydrogen production in the German Bight may affect the North Sea’s marine environment, according to a new study by German research institute Helmholtz-Zentrum Hereon that highlights how waste heat from electrolysis could alter local water temperatures and sea stratification.
Despite rising global headwinds, including the slowing of renewable energy investments and geopolitical instability, the shipping industry’s decarbonization ambitions remain resilient, a new survey shows.
The global shipping industry requires significant investment in technology and alternative fuels to achieve a net-zero transformation and drive sector-wide change.
Maritime safety incidents rose by 42% between 2018 and 2024, driven mainly by risks linked to an ageing fleet and machine damage/failure, according to the report, ‘Maritime Safety Trends 2014-2024 – Preparing for future risks,’ by classification society DNV.
Offshore pipeline installation, heavy lift, and subsea construction contractor Allseas has launched a five-year plan to pioneer nuclear technology to optimize operations for energy-intensive offshore vessels and industrial clusters. Describing nuclear as “the next frontier”, the company noted that t
Solstad Offshore, Østensjø Rederi, DeepOcean, Remota and Kongsberg Maritime have set up what they say is a pioneering partnership that will launch a pilot project to explore the potential for remote dynamic positioning (DP) operations in the offshore sector. With commencement set for later this year
Harbour Energy Norge and its partners have confirmed a reservoir in the Norwegian part of the North Sea suitable for CO2 injection and storage following the drilling of a wildcat well. As part of the Havstjerne storage project, the 9/6-1 well was drilled in a water depth of 90 meters, around 30 kilo
Despite its early leadership ambitions, Australia is falling behind in the global hydrogen economy, with 80% of its low-carbon hydrogen projects still in early development and multiple high-profile cancellations, according to new analysis from data and analytics solutions provider Wood Mackenzie (Wo
The maritime transportation industry’s ambition of net-zero carbon emissions has ballooned demand for biofuels. However, the capacity to produce these sustainable fuels is not keeping pace, with “unconstrained” biodiesel demand exceeding total supply. According to Norway’s energy research and busine
Japanese sōgō shōsha Marubeni Coporation has decided to invest in Gearbulk Holding AG, the world’s ‘largest’ open hatch shipping operator, based in Switzerland.
