India has unveiled its intention to set up an INR 250 billion (about $2.9 billion) maritime development fund (MDF) to grow the national ship fleet and support the domestic shipbuilding and repair sector.
Orders for wind-assisted propulsion systems (WAPS) are set to accelerate in the coming years due to a surge in industry interest combined with systems builders and yards scaling up production and installation capacity, classification society DNV said.
Norway’s technology firm Kystdesign has signed a contract with the Royal Netherlands Institute for Sea Research (NIOZ) for the construction of an advanced remotely operated vehicle (ROV) that will serve the Dutch marine research community. According to Kystdesign, the Supporter 6000 ROV is designed
Ascenz Marorka, a smart shipping arm of France’s GTT Group, has formed a commercial partnership with Greek company Piraeus Marine Services to strengthen its position in providing one-stop maritime decarbonization solutions for shipyards and shipping companies in Greece.
Singapore-based Canopy Power and Norway’s Ocean Sun have formed a strategic partnership to deploy floating solar technology in Australia, aiming to accelerate renewable energy solutions while addressing land and water scarcity challenges. The collaboration introduces Ocean Sun’s patented circular me
Norwegian oil & gas company Vår Energi has signed a pre-commitment agreement with OneSubsea, a joint venture (JV) backed by SLB, Aker Solutions and Subsea7, for the delivery of subsea production systems (SPS), a move expected to shorten subsea tie-back development time by up to one year. Under the S
Germany’s Securing Energy for Europe (SEFE) has signed a memorandum of understanding (MoU) with Saudi Arabia’s ACWA Power for the production and supply of green hydrogen to Europe.
Cyprus-headquartered marine seismic acquisition services provider SeaBird Exploration and Singapore’s tender-assisted drilling provider Energy Drilling have signed a letter of intent (LoI) to merge into a combined company that would offer diversified offshore oil & gas services. The transaction will
South Korea’s Hanwha Ocean and Hanwha Power Systems have formed a partnership with energy technology firm Baker Hughes to design and develop a new small-size ammonia gas turbine, with an aim to achieve carbon-free ship operations.
Chilean researchers have completed hydrodynamic tests on a wave energy converter (WEC) as part of an academic collaboration between the University of Bío-Bío (UBB), the Austral University of Chile (UACH), the University of Edinburgh, and RWTH Aachen University. According to the representative from t
Luxembourg-based shipping group CLdN has launched a new pooling service to enable potential partners comply with more stringent EU environmental norms.
The Greenlink interconnector linking the electricity grids of Ireland and Great Britain has officially entered commercial operation, following more than three years of construction. The start of commercial operations took place on January 29 and was announced by James O’Reilly, Chief Executive Offic
The government of Denmark has introduced new initiatives to support the country’s emerging hydrogen market with billion-scale (DKK) funding and committed to establishing a Danish-German hydrogen pipeline by 2030. The government announced the new initiatives for hydrogen as well as offshore wind mark
The Gemini Cooperation—a long-term operational partnership between shipping colossals the Danish A.P. Moller-Maersk and Germany’s Hapag-Lloyd—is all but ready to launch tomorrow, February 1, 2025, intending to “reshape” global container shipping. The two shipping industry titans revealed their plan
