Singapore’s offshore marine solutions company PACC Offshore Services Holdings (POSH), part of the Kuok Maritime Group, is extending its subsea construction capabilities into the Middle East with the award of a maiden contract in the Arabian Gulf. POSH has secured a subsea umbilicals, risers and flow
Vast Renewables has signed a development services agreement with GGS Energy to pursue methanol production in the Southwest United States (U.S.).
Supported by technology and engineering companies Siemens Energy and Mitsubishi Heavy Industries, a new project seeking to capture more than one million tons per year of CO2 that will be used to produce renewable fuel for the maritime industry has been launched in Iceland. The so-called Carbon Icela
The Netherlands-headquartered N-Sea is set to expand its fleet with a newbuild hybrid survey and remotely operated vehicle (ROV) support vessel scheduled for delivery in 2026. N-Sea has signed a long-term charter agreement with Mainport Shipping for the delivery of the vessel named Geo Master, which
Norwegian vessel owner DOF Group has completed the purchase of Maersk Supply Service (MSS), now having a workforce of more than 5,000 people and operating a fleet of 78 vessels of which 65 are owned. DOF announced on July 2 that it would through the newly incorporated subsidiary DOF Offshore Holding
Acteon, through its Moorings and Anchors business line InterMoor, has partnered with the U.S.-based Applied Fiber under a memorandum of understanding (MoU) to advance mooring solutions across global offshore sectors, from oil and gas to floating offshore wind. The MoU is expected to see the partners
U.S. and German governments are supporting two projects that have a mutual goal of developing a low-cost subsea energy storage technology that supports electrical grid decarbonization with funding of $7.7 million. The U.S. Sperra, dedicated to pioneering the next generation of renewable energy solut
U.S. offshore engineering and construction firm McDermott has secured classification from the American Bureau of Shipping (ABS) for its pipelay vessel that recognizes its environmental performance, including energy efficiency, waste management, emissions reduction, and coastal ecosystem preservation
Hydrogen Canada Corp. (HCC) and Korea Southern Power (KOSPO) have signed a memorandum of understanding (MoU) to work on developing a clean ammonia production and export business in Canada. Specifically, the companies will cooperate on the development of HCC’s clean hydrogen/ammonia project which aim
A new consortium has embarked on a mission to optimize ship-port operations as part of the European Space Agency’s (ESA) flagship project Decarbonization through the Digitalization in Shipping (DECARDIS). The European Space Agency (ESA) has initiated the project together with optimization platform c
Independent shipbroker SSY is to enter the liquefied petroleum gas (LPG) and ammonia markets, with Thorstein Bergersen joining the company as Head of LPG, effective from November 1, 2024.
Scana-owned PSW Technology, a Norwegian provider of services and solutions to the drilling industry, has renewed a frame agreement with what it says is an international rig company. The framework agreement includes subsea services and will commence in the first quarter of 2025, extending for a perio
A consortium established by Japanese maritime majors NYK, Idemitsu Tanker, IINO Lines, and Nihon Shipyard has presented a design concept for Japan’s first Malacca Max type very large crude carrier (VLCC) that can run on methanol as an alternative fuel. To remind, the consortium was formed in January
Spanish energy major Cepsa has changed its name to Moeve, marking a milestone in the company’s ongoing transformation under the 2030 Positive Motion strategy, which aims to position the company as a leader in sustainable energy and mobility.
