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Outlook & Strategy

WSS to accelerate electrification as newest member of Maritime Battery Forum

Norwegian maritime solutions provider Wilhelmsen Ships Service (WSS) has joined the Maritime Battery Forum (MBF), a global community of maritime battery enablers, to drive adoption of clean energy and accelerate electrification in the maritime sector.

about 1 year ago

China's state-owned electric utility completes purchase of stake in Greek TSO's subsidiary

Outlook & Strategy

Chinese utility company completes purchase of stake in Greek TSO’s subsidiary

A wholly owned principal subsidiary of Chinese state-owned electric utility corporation State Grid Corporation of China (SGCC) has completed the purchase of a 20% share in a subsidiary owned by Greek transmission system operator (TSO) Independent Power Transmission Operator (IPTO or ADMIE), this way

about 1 year ago

EU-UK set course for deeper cooperation on maritime safety, CCS, hydrogen

Outlook & Strategy

EU rolls out hydrogen mechanism to support market uptake

The European Commission has launched the Hydrogen Mechanism under the European Union (EU) Energy and Raw Materials Platform, aimed at supporting the market development of renewable and low-carbon hydrogen and its derivatives, including ammonia, methanol, and electro-based sustainable aviation fuel (

about 1 year ago

Outlook & Strategy

DP World unit takes controlling stake in NovaAlgoma Cement Carriers

P&O Maritime Logistics (POML), a subsidiary of Dubai-based terminal operator DP World, has decided to acquire a 51% controlling stake in Nova Algoma Cement Carriers’ (NACC) wholly owned cement assets.

about 1 year ago

Chilean researchers test wave energy device in Edinburgh ahead of Lebu deployment

Outlook & Strategy

Chilean researchers’ wave energy converter put to test at FloWave facility

According to representatives from the Chilean research team, scale model testing of the Lafquenewen wave energy converter (WEC) has been completed at the FloWave Ocean Energy Research Facility at the University of Edinburgh, marking a notable step toward marine energy deployment off the coast of Leb

about 1 year ago

Outlook & Strategy

Babcock to supply ammonia fuel system for Trafigura’s newbuilds

Babcock’s LGE business has been awarded a contract to supply its ecoFGSS-FLEX marine ammonia fuel supply system for four new medium gas carriers being built for commodity trading company Trafigura at Hyundai Mipo Dockyard (HMD) in South Korea.

about 1 year ago

Outlook & Strategy

Nordic Baltic Hydrogen Corridor receives EU funding support

The project promoters of the Nordic Baltic Hydrogen Corridor (NBHC) have signed a grant agreement with the European Climate, Infrastructure, and Environment Executive Agency (CINEA) for the European Union (EU) financial support to the NBHC.

about 1 year ago

Outlook & Strategy

AD Ports, Ningbo Zhoushan Port to establish smart automotive corridors serviced by green car carriers

The UAE-based terminal operator AD Ports Group and Zhejiang Provincial Seaport Investment & Operation Group (Ningbo Zhoushan Port Group), one of China’s largest port operators, have entered into a preliminary strategic agreement to establish an automotive logistics ecosystem connecting Chinese manuf

about 1 year ago

Outlook & Strategy

Benthic survey wraps up for Scottish floating wind farm

Specialist contractors have completed a benthic survey along a 420-kilometer stretch of seabed for the proposed Ossian floating offshore wind farm in Scotland. The month-long benthic campaign gathered information at 122 different sites along the route that will be used to export renewable energy fro

about 1 year ago

Outlook & Strategy

New consortium to explore floating nuclear power for Mediterranean energy needs

American Bureau of Shipping (ABS), CORE POWER, and Athlos Energy have established a consortium to assess the feasibility of deploying floating nuclear power plants (FNPPs) in the Mediterranean Sea.

about 1 year ago

Cable laying about to resume at 725-kilometer link connecting UK and Germay for the first time

Outlook & Strategy

Cable laying about to resume at 725-kilometer link to connect UK and Germay for the first time

Italian cabling giant Prysmian Group will soon kick off the second phase of cabling works in UK waters for NeuConnect, a high-voltage submarine cable that will create the first direct energy transmission link between the UK and Germany. The 725-kilometer land and subsea cable system is said to creat

about 1 year ago

Second Island Offshore hybrid ocean energy construction vessel under construction at VARD

Outlook & Strategy

VARD cuts steel for second Island Offshore hybrid ocean energy construction vessel

Norwegian shipbuilder VARD has cut the first steel for the second hybrid power ocean energy construction vessel (OECV) it is building for compatriot shipping group Island Offshore, some four months after the first steel was cut for the first vessel. Island Offshore placed an order with VARD for the

about 1 year ago

Outlook & Strategy

Tsuneishi ‘strengthens’ shipbuilding portfolio with full acquisition of Mitsui E&S unit

Japan’s Tsuneishi Shipbuilding has made the decision to acquire all shares of compatriot Mitsui E&S Shipbuilding from ship equipment manufacturer Mitsui E&S, making it a wholly-owned subsidiary. The transaction was made official on June 30 this year. Going forward, Mitsui E&S Shipbuilding will opera

about 1 year ago

Outlook & Strategy

MOL grows tank storage business as it completes LBC Tank Terminals acquisition

Japanese shipping major Mitsui O.S.K. Lines (MOL) has become the 100% shareholder of LBC Tank Terminals, the Netherlands-based tank terminal operator in the chemical handling industry.

about 1 year ago