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Outlook & Strategy

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‘World’s first’ LCO2/methanol carrier gets stamp of approval
Outlook & Strategy

‘World’s first’ LCO2/methanol carrier gets stamp of approval

Japanese shipping major Mitsui O.S.K. Lines (MOL) and compatriot Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI), have secured approval in principle (AiP) for their jointly developed liquefied CO2 (LCO2)/methanol carrier.

about 1 year ago
12-year-old vessel at work for Equinor after rebuild project
Outlook & Strategy

12-year-old vessel at work for Equinor after rebuild project

A construction support vessel (CSV) owned by Norway’s shipping player Rem Offshore has begun working for Norwegian state-owned energy giant Equinor following an extensive rebuild and mobilization project. In pursuit of more sustainable operations, efficiency enhancements, and cost savings, Rem Offsh

about 1 year ago
Imabari
Outlook & Strategy

Japan’s ‘top’ shipbuilder restructures: Imabari gains upper hand in JMU

Imabari Shipbuilding, considered to be one of the biggest shipbuilding players in Japan, has entered an agreement with compatriot JFE Steel Corporation and IHI Corporation to acquire a portion of the shares of Japan Marine United Corporation (JMU) previously owned by JFE and IHI. As disclosed, once

about 1 year ago
Crowley’s LNG-powered newbuild to inaugurate US Northeast-Central America route
Outlook & Strategy

Crowley’s LNG-powered newbuild to inaugurate US Northeast-Central America route

U.S. shipping and logistics company Crowley has expanded its ocean shipping services with its first-ever route between the U.S. Northeast and Central America.

about 1 year ago
Oceans of Energy offshore solar farm
Outlook & Strategy

Offshore solar farm ready for tow out to Hollandse Kust Noord wind farm

What is described as the “world’s first” offshore solar farm integrated within a wind farm has completed assembly at the Port of Amsterdam and is ready for deployment at the Hollandse Kust Noord (HKN) offshore wind farm in the North Sea. Dutch company Oceans of Energy assembled the floating solar fa

about 1 year ago
'Bitter disappointment' as UK rejects support for €29.5B project to import renewable energy from Morocco
Outlook & Strategy

‘Bitter disappointment’ as UK rejects support for €29.5B project to import renewable energy from Morocco

The UK Government has decided to reject the huge £25 billion (around €29.5 billion) project that would import 11.5 GW of solar and wind power from Morocco to the British grid via 4,000-kilometer HVDC subsea cables. The Xlinks Morocco-UK power project envisions the development of a commercial-scale r

about 1 year ago
Illustration/The 2MWp floating solar system at Banja reservoir in Albania (Courtesy of Ocean Sun)
Outlook & Strategy

Chinese firm introduces 480 W floating solar module for offshore use

China-based GCL System Integration (GCLSI), a subsidiary of the GCL Group, has developed a new floating photovoltaic (PV) module designed for offshore solar applications. The NT10/60GT module was produced in collaboration with the Norwegian company Ocean Sun. The module is rated at 480 W and built t

about 1 year ago
TES and CPC Finland partner on large-scale e-NG project at Port of Rauma
Outlook & Strategy

TES and CPC Finland partner on large-scale e-NG project at Port of Rauma

Tree Energy Solutions (TES) and CPC Finland have established a joint company, Luoto Energia, that will develop a large-scale e-NG project at the Port of Rauma in Finland.

about 1 year ago
Source: Inyanga Marine Energy Group
Outlook & Strategy

Prysmian to supply export cables for Welsh tidal energy array

The Italy-based global power cable manufacturer Prysmian will supply subsea export cables for the HydroWing tidal energy array, led by UK-based Inyanga Marine Energy Group at the Morlais site off Anglesey, Wales. Scheduled for deployment in early 2026, the HydroWing array aims to deliver 20 MW of pr

about 1 year ago
Fugro wins contract for Eni's deepwater gas project
Outlook & Strategy

Fugro wins contract for Eni’s deepwater gas project

A couple of months after securing a contract for an oil project off the coast of Newfoundland and Labrador, Dutch geo-data specialist Fugro has been appointed to support a deepwater gas project in the Eastern Mediterranean. Italy’s energy company Eni has awarded Fugro with a contract to perform a co

about 1 year ago
Marubeni and Sinopec to explore lower-carbon marine fuels in strengthened collaboration
Outlook & Strategy

Marubeni and Sinopec to explore lower-carbon marine fuels in strengthened collaboration

Japanese conglomerate Marubeni Corporation has concluded a new strategic partnership agreement with Sinopec Fuel Oil Sales, a subsidiary of China Petroleum & Chemical Corporation (Sinopec), under which the parties will further develop their collaboration, both in conventional marine fuels and by exp

about 1 year ago
Shearwater GeoServices going to African island under contract with TotalEnergies
Outlook & Strategy

Shearwater GeoServices going to African island under contract with TotalEnergies

France’s energy giant TotalEnergies has awarded Norway’s Shearwater GeoServices with a contract to perform marine seismic acquisition at an offshore block in São Tomé and Príncipe, West Africa, it entered last year. The project is the first under a three-year firm capacity reservation agreement (CRA

about 1 year ago
Eco Wave Power and AltaSea have agreed on a launch date for the United States’ first onshore wave energy pilot, scheduled for September 9, 2025, at the Port of Los Angeles.
Outlook & Strategy

Eco Wave Power sets launch date for first US wave energy pilot

Wave energy developer Eco Wave Power and AltaSea have agreed on a launch date for the first U.S. onshore wave energy pilot, scheduled for September 9, 2025, at the Port of Los Angeles. Inna Braverman, CEO and founder of Eco Wave Power, and Ran Atias, the company’s VP of Engineering, met with Terry T

about 1 year ago
OneSubsea to deliver subsea CO2 injection system for Northern Lights expansion
Outlook & Strategy

OneSubsea to deliver CO2 injection system for Northern Lights expansion

SLB OneSubsea has secured an engineering, procurement and construction (EPC) contract with Norwegian state-owned energy company Equinor for a subsea CO2 injection system destined for the second phase of the Northern Lights CO2 transport and storage project. Northern Lights constitutes the transport,

about 1 year ago
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