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Outlook & Strategy

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South Korean 640 kV HVDC cable test center ready for business
Outlook & Strategy

South Korean 640 kV HVDC cable test center ready for business

South Korean Taihan Cable & Solution has finalized the construction of a dedicated cable test center that enables simultaneous testing of two 640 kV-class HVDC cable circuits. The test center spans approximately 7,000 square meters and is located at the company’s Dangjin Cable Plant, enabling close

about 7 months ago
Prysmian wins €2.3B contract for link that ‘supports Britain’s future energy system’
Outlook & Strategy

Prysmian wins €2.3B contract for link that ‘supports Britain’s future energy system’

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Italian cabling giant Prysmian has been confirmed as the supplier of the high-voltage direct current (HVDC) cable system for the fourth out of five subsea electricity superhighways between Scotland and England. Prysmian has won a £2 billion (over €2.3 billion) contract with SP Energy Networks and Na

about 7 months ago
Japanese hydrogen 4-stroke high-speed engine receives double ClassNK approval
Outlook & Strategy

Japanese hydrogen 4-stroke high-speed engine receives double ClassNK approval

Yanmar Power Solutions, a subsidiary of Japan’s industrial diesel engine and machinery manufacturer Yanmar Holdings, has obtained ship classification certification for its hydrogen-fueled four-stroke high-speed engine. Yanmar Power Solutions reported on January 27 that it had become the first engine

about 7 months ago
Maritime industry gets its first guidance notes for onboard hydrogen generation
Outlook & Strategy

Maritime industry gets its first guidance notes for onboard hydrogen generation

Lloyd’s Register (LR) has published what it says is the maritime industry’s first dedicated guidance notes for onboard hydrogen generation, as a response to growing interest from shipowners, yards and technology developers in producing hydrogen onboard using alternative fuels such as LNG, methanol a

about 7 months ago
TGS signs deal in Libya for multi-client data activities
Outlook & Strategy

TGS signs deal in Libya for multi-client data activities

Norwegian energy data and intelligence company TGS has signed a letter of intent (LoI) with a subsidiary of Libya’s National Oil Corporation (NOC) for the expansion of multi-client data activities in Libya. The deal, signed with North Africa Geophysical Company (NAGECO), is said to establish a frame

about 7 months ago
Second Berge Bulk vessel sports Anemoi rotor sails
Outlook & Strategy

Second Berge Bulk vessel sports Anemoi rotor sails

UK-based wind-assisted propulsion provider Anemoi Marine Technologies has completed the installation of four folding rotor sails on a second vessel owned by Singapore-based shipping company Berge Bulk. The rotor sails, 5 meters wide and 35 meters tall, were installed on the 208,000 DWT Newcastlemax

about 7 months ago
Minesto awarded funding to speed up tidal energy development in Taiwan
Outlook & Strategy

Minesto awarded funding to speed up tidal energy development in Taiwan

Swedish tidal energy developer Minesto has secured grant funding from the Swedish Energy Agency (SEA) that will be used to accelerate its market development in Taiwan. Thanks to the €24,000 grant funding awarded through the Global Innovation Accelerator (GIA) program, Minesto aims to secure investme

about 7 months ago
3 GW Egypt-Greece interconnector receives €9.56M grant for further studies
Outlook & Strategy

3 GW Egypt-Greece interconnector receives €9.56M grant for further studies

The European Commission has approved a €9.56 million grant for the preparation of further studies for a 3 GW electrical interconnection that will link Greece’s and Egypt’s power systems. Being developed by Elica Interconnector S.M.S.A, a member of the Copelouzos Group, the GREGY Project will transfe

about 7 months ago
Shell hires Subsea7 for deepwater development offshore Louisiana
Outlook & Strategy

Shell hires Subsea7 for deepwater development offshore Louisiana

Subsea7 has been awarded a contract by Shell for a deepwater development located some 210 kilometers offshore Louisiana in the U.S. The scope of work includes the transportation and installation of a subsea umbilical, riser, and a rigid flowline in water depths of up to 1,650 meters for the Kaikias

about 7 months ago
WATCH: Subsea construction vessel now ready for inter-array cable installation
Outlook & Strategy

WATCH: Subsea construction vessel now ready for inter-array cable installation

DeepOcean has upgraded a multifunctional subsea support and construction vessel it chartered from Olympic Subsea with dedicated cable-lay and installation capacity for offshore wind. The two Norwegian companies entered into a two-year time charter agreement for Olympic Ares in March 2023, with an op

about 7 months ago
LS Cable & System wins €35M turnkey subsea cable contract in Malaysia
Outlook & Strategy

LS Cable & System wins €35M turnkey subsea cable contract in Malaysia

South Korean LS Cable & System has won a KRW 60 billion (around €35 million) contract to deliver a submarine power grid that will connect Malaysia’s Langkawi Island to the mainland. The contract was awarded by Tenaga Nasional Berhad (TNB) and will see LS Cable & System construct a 132 kV submarine p

about 7 months ago
Swedes inviting €1M investment to fund wave energy prototype
Outlook & Strategy

Swedes inviting €1M investment to fund wave energy prototype

Sweden’s Ocean Harvesting Technologies is undertaking a €1 million share issue for the period 2026-2027 to finance the development and prototype testing of its wave energy converter (WEC). InfinityWEC is being developed under the ongoing INFINITY and WECHull+ EU-funded collaboration projects, with t

about 7 months ago
Fourth and final dual-fuel methanol tanker delivered to Hafnia, set to work for TotalEnergies
Outlook & Strategy

Fourth and final dual-fuel methanol tanker delivered to Hafnia, set to work for TotalEnergies

Singapore-based tanker owner Hafnia and its joint venture partner, French shipowner Socatra, have taken delivery of their fourth and final dual-fuel methanol medium-range (MR) tanker constructed in China. The latest addition to Hafnia and Socatra’s IMO II MR fleet, Ecomar Gironde, is part of the joi

about 7 months ago
Another approval in for multi-fuel and OCCS-ready bulk carrier
Outlook & Strategy

Another approval in for multi-fuel and OCCS-ready bulk carrier

Shortly after securing one from the Japanese classification society ClassNK, Oshima Shipbuilding has been awarded approval in principle (AiP) from Lloyd’s Register (LR) for its Ultramax bulk carrier design, ready for multiple alternative fuels and onboard carbon capture and storage (OCCS). The AiP c

about 7 months ago