Veson Nautical, a London-based provider of maritime freight management solutions, has revealed plans to acquire vessel valuation provider VesselsValue. VesselsValue was founded in 2011 and is considered the market standard for daily updated, automated, vessel-specific valuations. VesselsValue is a d
Scottish company Nova Innovation has expanded its tidal energy product portfolio with the addition of floating solar technology, announcing also plans for the installation of Scotland’s first array of floating solar panels later in 2023.
The Danish Energy Agency has received two final offers related to Denmark’s first tender for the carbon capture, utilization and storage (CCUS) subsidy pool, with a contract expected in May. The Danish Energy Agency announced in August 2022 that three applicants – I/S Vestforbrænding, Ørsted Bioener
The Sustainable Hydrogen Powered Shipping Project (sHYpS), which is centred around the idea of developing a liquid hydrogen (LH2) swappable storage solution for multiple types of vessels, is gaining ground. Launched in the summer of 2022, the sHYpS project gathers 13 partners in six countries with a
The HyVelocity Hub team has put in an official application for funding from the US Department of Energy’s (DOE) $8 billion Regional Clean Hydrogen Hubs programme. The application came after the team received encouragement from DOE to apply for the funding. To note, the team submitted an initial conc
In 2021, LNG was the most popular alternative fuel considered by shipowners for use in the (then) next five years; twice as many as those who said they were considering biofuels. That position has now virtually reversed, with biofuels at the same level of response as LNG in 2021 while LNG has fallen
French floating solar start-up HelioRec has closed the first tranche of its seed round, securing new investments from First Imagine! and Techstars.
Singapore’s Sembcorp Marine has initiated a recruitment process for a new head of finance as the current Group Finance Director William Goh Khor Boon announced his resignation. Goh, who has held the position since May 2017, heads the company’s finance function and investor relations and corporate co
The U.S. Bureau of Safety and Environmental Enforcement (BSEE) has come up with recommendations after looking into a near-miss fatality.
The maritime industry has a better idea of the trade-offs necessary to achieve net zero, although most of the practical work still lies ahead, and regulatory and technology uncertainties remain, a recent survey conducted by the London-based law firm Watson Farley & Williams (WFW) shows. ‘The Sustain
Dutch tank storage company Vopak has provided updates on its LNG projects, including EemsEnergyTerminal, Gate terminal Rotterdam, and Hong Kong LNG terminal project. EemsEnergyTerminal Vopak’s first update is in regard to EemsEnergyTerminal, an LNG import terminal located in the Eemshaven in the Net
The University of Malta has teamed up with its offshore energy storage spin-off FLASC to assess the potential of integrating renewable energy and energy storage solutions with floating breakwaters.
Port of Rotterdam, the Netherlands, has revealed that energy provider Onyx Power plans to build a low-carbon blue hydrogen production plant at its existing site in the port. With a capacity of 1,200 MW, the plant is expected to produce some 300 kilotonne per annum blue hydrogen, and the Rotterdam po
Swedish company Ocean Harvesting Technologies has embarked on a funding raise, targeting €400,000 to further optimize its InfinityWEC wave energy device ahead of sea trials.
