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Van Oord orders two methanol-capable subsea rock installation vessels from China

Outlook & Strategy

Van Oord’s new subsea rock installation vessels bear Ulstein design

Van Oord’s new subsea rock installation vessels, recently ordered from the Chinese shipyard Yantai CIMC Raffles Offshore, have been designed by Norway’s Ulstein. Working in close collaboration with Van Oord’s technical team, Ulstein said it supported the selection of the optimal vessel size and conf

about 1 year ago

Outlook & Strategy

TotalEnergies, CMA CGM unveil LNG bunkering logistics JV for ARA region

French energy major TotalEnergies and compatriot shipping and logistics company CMA CGM Group have entered into an agreement to develop a 50/50 logistics joint venture dedicated to the implementation and operation of a liquefied natural gas (LNG) bunker supply solution at the Port of Rotterdam, the

about 1 year ago

Outlook & Strategy

Solstad CSV to start new contract this month

Norway’s Solstad Maritime, established in January 2024, has secured a contract with Texas-headquartered operator of seismic acquisition programs SAExploration for one of its construction support vessels (CSVs). The contract defined as substantial, meaning it is worth between $10 million and $30 mill

about 1 year ago

Outlook & Strategy

Loa Carbon, Galveston LNG Bunker Port to provide e-LNG to US Gulf Coast maritime bunker market

Texas-based Galveston LNG Bunker Port (GLBP) and New York-based climate tech company Loa Carbon have signed a letter of intent (LOI) where Loa Carbon will provide renewable e-methane directly to GLBP for liquefaction. This will enable GLBP—a joint venture between Seapath and Pilot LNG—to provide e-L

about 1 year ago

Outlook & Strategy

SLB adds first UK offshore CO2 storage project to its to-do list

Texax-headquartered energy technology company SLB has secured a contract to deliver carbon storage solutions for the UK’s first offshore carbon capture and storage (CCS) project, developed by a joint venture of BP, Equinor and TotalEnergies. For the Northern Endurance Partnership (NEP) project, SLB

about 1 year ago

Outlook & Strategy

Yamna to develop large-scale green hydrogen and ammonia project in India

Yamna signed a memorandum of understanding (MoU) with New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) to develop a large-scale green hydrogen and ammonia project in the state of Andhra Pradesh in India.

about 1 year ago

Illustration/Wavepiston's wave energy technology (Courtesy of Wavepiston)

Outlook & Strategy

Wavepiston appoints new board member

Danish wave energy firm Wavepiston has named Jan Otto Ooms as its newest board member following its annual general meeting on June 20, 2025. Jan Otto, founder of Connect the Drops, recently invested in Wavepiston and brings experience in scaling businesses and the water sector. Wavepiston secured a

about 1 year ago

NextGeo finalizes acquisition of share in 61-year-old Italian subsea services firm

Outlook & Strategy

NextGeo expands into new regions via acquisition of share in 61-year-old Italian firm

Italy-headquartered Next Geosolutions (NextGeo) has signed a sale and purchase agreement for the acquisition of 75.4% of the share capital of a compatriot subsea services company established in 1964, thereby expanding its operations into the Mediterranean and West African countries and broadening it

about 1 year ago

Outlook & Strategy

Aurora finalizes 11-vessel takeover from Sea1 with delivery of third high-end subsea vessel

Norwegian vessel management services provider Aurora Offshore, part of the Borealis Group, has taken delivery of the eleventh and final vessel from compatriot operator Sea1 Offshore, ex-Siem Offshore. Siem Barracuda, the third high-end subsea vessel of a total of three that are part of the collabora

about 1 year ago

Outlook & Strategy

Final contractor secured for Eco Wave Power’s US wave energy rollout

Wave energy developer Eco Wave Power has signed an agreement with California-based C&S Welding for the installation of its wave energy technology at the Port of Los Angeles. The deal marks the final step before deployment begins for Eco Wave Power’s first wave energy project in the United States. C&

about 1 year ago

Outlook & Strategy

From shipbroking to maritime finance: E.A. Gibson Shipbrokers acquires RMK Maritime

E.A. Gibson Shipbrokers has joined forces with RMK Maritime (Europe) to expand its service offering. Effective from August 1, 2025, RMK Maritime will be rebranded as E.A. Gibson Capital.

about 1 year ago

Outlook & Strategy

Full steam ahead for South African maritime decarbonization

South Africa is determined to decarbonize its maritime industry and has outlined plans to implement key International Maritime Organization (IMO) regulations on shipping emissions and establish a national task force and action plan to drive the effort.

about 1 year ago

Outlook & Strategy

Danish firm brings in BlueNewables for wave energy project permitting support

Danish wave energy firm Wavepiston has signed a collaboration agreement with a Spanish engineering consultancy supporting the marine energy sector, BlueNewables, to support its wave energy project off Gran Canaria, Spain. BlueNewables, an engineering consultancy focused on innovation in the blue eco

about 1 year ago

Outlook & Strategy

Black Sea deepwater gas project to sport US-made subsea equipment

London-headquartered precision engineering group Hunting PLC has secured a $31 million subsea order for its titanium stress joints (TSJs) for the third phase of a deepwater gas development in the Turkish part of the Black Sea. Six TSJs, including the patented Direct Pull-thru Tube technology, will b

about 1 year ago