Norway’s asset integrity management company Axess Group and Guyana Logistics and Support Services (GLASS) have established a joint venture (JV) to launch an engineering and asset integrity management (AIM) firm in Guyana. Axess has been delivering services including design, inspection, maintenance,
Swiss renewable energy company Axpo has become a shareholder in compatriot H2Uri AG, a company building the first green hydrogen production plant in central Switzerland. The hydrogen produced at this plant will be used to power the first hydrogen passenger vessel operated by Lake Lucerne Navigation
MMA Offshore reported strong demand for its vessels and services in the first FY2024 half-year. With newbuild vessel orders at a historic low and limited additional vessel supply anticipated in the coming couple of years, the Australia-headquartered company said it was expecting favorable market con
The Export-Import Bank of Korea (Korea Eximbank) has signed a Memorandum of Understanding with Germany’s KfW IPEX-Bank in Frankfurt to boost high-tech innovation and fortify supply chains.
Monaco-based shipping company Scorpio Tankers has signed a non-binding Memorandum of Understanding to install the Fowe Eco Solutions (FOWE) fuel emulsion systems across its entire fleet of over 100 vessels.
UK’s Powerhouse Energy Group (PHE) and Australia’s National Hydrogen (National H2) have signed an initial 5-year framework agreement, which sets out the terms on which PHE’s technology and engineering expertise will be provided, on a project-by-project exclusivity basis, to National H2 for its inten
Norway’s Enhanced Drilling has announced a new five-year contract with Equinor, including the use of all Enhanced Drilling technologies. This frame agreement, which took effect on February 1, 2024, is the first of its kind for Enhanced Drilling. It is for operations on the Norwegian continental shel
Swedish electrofuel developer Liquid Wind, together with its partners Alfa Laval, Carbon Clean, Siemens Energy, and Topsoe, has launched the eFuel Design & Performance Center (DPC) in Hørsholm, Denmark. The launch of DPC builds on Liquid Wind’s partnership formed in 2020 and the recently announced p
Minesto’s 1.2 MW Dragon 12 tidal powerplant has delivered as expected during its first phase of operation at its grid-connected monopile seabed foundation in Vestmannasund, Faroe Islands, the Swedish company reported. The 25-ton Dragon 12 tidal energy kite was commissioned in the early morning of Fe
Japan’s IHI Corporation and Singapore’s ST Engineering have signed a memorandum of understanding (MoU) on the joint promotion of smart and sustainable solutions. Specifically, under the MoU, the two parties will explore the application of their smart and sustainable solutions in new use cases and ma
Danish engineering company Eltronic FuelTech has launched a new system for supplying fuel from tanks to engines of methanol-powered ships. According to the company, the system can reduce costs and save energy for shipping companies while enhancing safety. In the wake of the naming of Laura Maersk, A
Ciel & Terre Taiwan and HEXA Renewables have concluded one of Taiwan’s largest near-shore floating solar projects, situated within the Changbin Industrial Park in Changhua County. The entire floating solar project of the Changbin Industrial zone is about 440 MWp, having Ciel & Terre Taiwain represen
Njord, a Denmark-based green technology business founded by Maersk Tankers, is partnering with Rio Tinto, a British-Australian mining group and one of the world’s largest dry-bulk shippers, to cut fuel consumption and emissions.
Vitol Bunkers, a wholly-owned bunker arm of energy and commodities company Vitol, has taken delivery of its first specialized biofuel bunker barge, Marine Future, in Singapore, bolstering its position in Asia’s biofuel bunker market. Built in China, the vessel is 102.6 meters long and can carry abou
