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Outlook & Strategy

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After Taiwan, Mermaid Maritime creates joint venture in Equatorial Guinea
Outlook & Strategy

After Taiwan, Mermaid Maritime creates joint venture in Equatorial Guinea

Thailand-headquartered subsea and offshore drilling services company Mermaid Maritime Public Company Limited has established a joint venture company in Equatorial Guinea with the African country’s national oil company GEPetrol S.A for services in the oil & gas industry. The primary activity of the j

about 10 months ago
Les Ilots Blandin floating solar farm, France. Copyright: Romain Berthiot
Outlook & Strategy

Spanish firm acquires ‘Europe’s largest’ floating solar plant

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Spain-based Velto Renewables has completed the acquisition of what is described as “Europe’s largest” 74.3 MWp Les Ilots Blandin floating solar power plant from renewable energy developer Q Energy, becoming the sole owner of the facility located in Perthes, Haute-Marne, France. The company previousl

about 10 months ago
Amogy and SHI strike multi-year deal for ammonia-to-power systems manufacturing
Outlook & Strategy

Amogy and SHI strike multi-year deal for ammonia-to-power systems manufacturing

U.S.-based provider of ammonia-to-power solutions Amogy and South Korea’s shipbuilding major Samsung Heavy Industries (SHI) have signed a multi-year strategic contract for the manufacturing of Amogy’s ammonia-to-power systems.

about 10 months ago
CMA CGM
Outlook & Strategy

Franco-German maritime relations strengthened as CMA CGM takes stake in EUROGATE Hamburg terminal

French shipping and logistics giant CMA CGM Group has signed a term sheet to acquire a 20% stake in EUROGATE Container Terminal Hamburg (CTH).

about 10 months ago
CETO technology
Outlook & Strategy

Australian firm secures milestone payment under EuropeWave contract

Australian wave energy developer Carnegie Clean Energy has received a €351,471 payment under its EuropeWave contract, following the completion of the system integration review for the ACHIEVE program. “Thank you to the EuropeWave Project Buyers Group for their continued support!” the company said in

about 10 months ago
EU launches first hydrogen mechanism call to link suppliers and buyers
Outlook & Strategy

EU launches first hydrogen mechanism call to link suppliers and buyers

To connect potential suppliers with buyers of hydrogen and its derivatives in the European Union (EU), the European Commission (EC) has launched its first call for interest under the Hydrogen Mechanism.

about 10 months ago
Ocean Infinity to perform geotechnical survey for UK’s fifth subsea electricity superhighway
Outlook & Strategy

Ocean Infinity to perform geotechnical survey for UK’s fifth subsea electricity superhighway

Marine robotics company Ocean Infinity is set to begin a geotechnical survey later this month for Eastern Green Link (EGL5), the UK’s fifth subsea electricity superhighway that would connect Scotland and England. The marine survey activities for the 2 GW EGL5 are expected to commence on November 23

about 10 months ago
Source: Weco
Outlook & Strategy

Weco secures support to advance scalable wave energy solutions

The Hague-based Wave Energy Collective (Weco) has raised €600,000 to accelerate the development and testing of its modular wave energy technology. According to Weco, the investment comes from the Netherlands Enabling Water Technology fund (NEW-ttt), Init Power, and Cyriel de Jong. The company said t

about 10 months ago
Hyundai Motor signs MoU to advance hydrogen port development in Pyeongtaek
Outlook & Strategy

Hyundai Motor signs MoU to advance hydrogen port development in Pyeongtaek

South Korean conglomerate Hyundai Motor Group (HMG) has entered a multilateral memorandum of understanding (MoU) with Pyeongtaek City and key partners to develop carbon-neutral hydrogen port initiatives, aiming to establish a Korean model for port decarbonization and contribute to national carbon-ne

about 10 months ago
New Asso.subsea cable layer to sport automation system from Finnish company
Outlook & Strategy

New Asso.subsea cable layer to sport automation system from Finnish company

Greece’s Asso.subsea has placed an order with a firm headquartered in Finland for an Integrated Automation System (IAS) to be delivered for its DP 2 cable-laying vessel (CLV) currently being built in China. Valmet will supply its automation technology for the vessel named Althea, which the China Mer

about 10 months ago
Svitzer buys into Norwegian maritime services company
Outlook & Strategy

Svitzer buys into Norwegian maritime services company

Denmark-based towage service provider Svitzer has acquired a majority stake in Norwegian maritime services company Buksér og Berging.

about 10 months ago
source: Orbital Marine Power
Outlook & Strategy

Scottish firm expands presence in Canada with 12.5MW tidal award

Canadian tidal developer Eauclaire Tidal and Scottish renewable energy company Orbital Marine Power have received 12.5MW of new tidal energy licences from the Province of Nova Scotia under the 2025 tidal energy procurement process. According to Orbital Marine Power, the award includes two 15-year p

about 10 months ago
TasPorts and H2U Group eye hydrogen and ammonia production in Tasmania
Outlook & Strategy

TasPorts and H2U Group eye hydrogen and ammonia production in Tasmania

Australian players TasPorts and the H2U Group have signed a memorandum of understanding (MoU) to investigate the feasibility of developing a large-scale green hydrogen and ammonia production and export facility within the Bell Bay port precinct in Northern Tasmania.

about 10 months ago
Subsea mooring installation call keeps DOF vessel offshore Australia
Outlook & Strategy

DOF gets call from the Atlantic from BP

Norwegian vessel owner DOF Group has secured a three-year firm, with two-year options, contract with UK-headquartered energy giant BP for subsea services in the Atlantic region. DOF said it would deploy a high-capability subsea vessel to support BP with subsea construction, installation, repair, and

about 10 months ago