The Poseidon Principles for Marine Insurance has released its third annual disclosure report, showing growing support for the International Maritime Organization’s (IMO) decarbonization goals.
Swedish wave energy developer CorPower Ocean has secured funding from Sweden’s national innovation agency, Vinnova, to integrate artificial intelligence (AI) into its wave energy technology in collaboration with the Norwegian University of Science and Technology (NTNU). According to CorPower Ocean,
The International Maritime Organization (IMO) has set out to create a comprehensive strategy for maritime digitalization that will leverage emerging technologies to advance efficiency, safety, and sustainability.
Aker BP has secured a drilling permit for an exploration well in the Norwegian Sea off the coast of Norway, which is slated to be drilled this month using a semi-submersible rig owned by Italy’s Saipem.
European shipping, representing 35% of global feet, is key for Europe’s security, two separate studies have found.
The National Grid has awarded contracts to ten suppliers as part of a £59 billion high voltage direct current (HVDC) supply chain framework, setting the stage for the delivery of the required works and equipment for key energy projects across the UK. The HVDC supply chain framework was launched in 2
AIM-listed and Singapore-headquartered oil and gas player Jadestone Energy has handed over a field development plan (FDP) for hydrocarbon discoveries off the coast of Vietnam, Southeast Asia.
Scottish transmission system operator (TSO) SSEN Transmission has submitted a planning application for a project that encompasses the construction of the converter station and substation for a subsea link that will connect the Western Isles to the national electricity transmission network for the fi
Governmental and non-governmental stakeholders have highlighted the progress made so far on establishing a green shipping corridor between California and Shanghai. The green corridor plan seems to be unaffected by the escalating United States-China trade war.
Universal Shipping Alliance, owner of a Liberian-flagged ship banned from Australian waters, has been fined AUD 63,000 (around $40,200) for failing to comply with a safety directive from the Australian Maritime Safety Authority (AMSA). As explained, in October 2023, the shipping player’s KMAX Leader
After South Korean Taihan Cable & Solution, a consortium of Hellenic Cables and Jan De Nul has signed a framework agreement with National Grid becoming the appointed contractors eligible to participate in future HVDC cable projects across the UK and Europe. The agreement enables the consortium to pa
Following a collision between a U.S.-flagged oil/product tanker and a Portuguese container ship in the North Sea, the UK’s Maritime and Coastguard Agency has maintained that it does not foresee a damaging pollution effect from the tanker.
South Korean Taihan Cable & Solution has signed a framework agreement with UK power transmission and distribution company National Grid UK for high-voltage direct current (HVDC) cable systems, securing participation opportunities in projects valued at approximately £21.3 billion over up to eight yea
South Korea-based Vinssen, a maritime decarbonization-oriented technology provider, has bagged approval in principle (AiP) from compatriot classification society Korean Register (KR) for the country’s ‘first’ tugboat using a hydrogen fuel cell propulsion system. According to Vinssen, which primarily
