Motion Ventures, a Singapore-based maritime venture investment fund, has welcomed 10 maritime corporations to its corporate consortium. The latest corporate investors joining the fund are Lloyd’s Register, Marine Traffic, Meratus Group, Stolt-Nielsen Limited, ShipsFocus, Jurni Capital, TaiShip, Pang
UK’s Modus Subsea Services has secured a £5 million term loan from advisory and investment firm Gordon Brothers for the development of solutions. Modus said it had used the loan for refinancing with existing lenders and to assist in developing best-in-class solutions for clients globally. The UK fir
Técnicas Reunidas, an engineering company, and Cetaer, a company with a goal to bring innovation projects to commercial scale in the transport sector, have signed a collaboration agreement for the development of an e-methanol plant to be built in Almería, Spain. According to Técnicas Reunidas, the f
Japan Engine Corporation (J-ENG) has signed a technical agreement to promote the development and popularization of next-generation fuel engines with compatriot Akasaka Diesels Limited (Akasaka).
Greek cable manufacturer Hellenic Cables has been selected by the European Commission to take part in delivering the Infinite project aimed at accelerating industrial-scale floating wind. The Infinite project includes the deployment and testing of a 4.8 MW floating wind pilot system at a 100-meter w
Global renewable energy company e1 Marine has been commissioned by Switzerland-based Current AG to build an S Series 130 methanol to hydrogen generator that would capture waste heat and CO2 from the exhaust stream produced during the reforming process. Successful lab-based tests will improve the eco
Through its subsidiary, Inpex Masela, Japan’s Inpex Corporation has submitted a revised plan of development (POD) for the Abadi LNG project to Indonesian government authorities. The POD, submitted on behalf of the joint venture composed of Inpex and Shell, now incorporates a carbon capture and stora
Maritime industry majors have joined hands on a feasibility study of ammonia as a marine fuel on the U.S. East Coast. Namely, A.P. Moller – Maersk, American Bureau of Shipping, Fleet Management Limited, Georgia Ports Authority, Maersk Mc-Kinney Moller Center for Zero Carbon Shipping, Savage Services
Green hydrogen production company Hy2gen has commissioned engineering and technology company Technip Energies to complete a pre-FEED study for its renewable hydrogen and renewable ammonia project, named Courant, located in Baie Comeau, Quebec, Canada. The pre-FEED phase for the project started at th
Achieving a net-zero future is a challenging task for all countries around the globe. The problematic pieces of the energy transition jigsaw need to shrink as renewable energy sources continue to be explored, expanded and nurtured through new investments.
A new report co-authored by the IIRENA and OEE has provided a roadmap to decision makers on the various financing mechanisms for ocean energy and how they can be scaled up to secure investments for the sector.
Swedish company Ocean Harvesting Technologies has teamed up with experts in model-based predictive control to increase the performance of InfinityWEC in the upcoming sea trials.
Bluenergy Solutions has launched a new project offshore Singapore, featuring a ‘Plug and Play’ solution that entails tidal energy generation, storage and distribution.
Nordic Green Ammonia Powered Ships (NoGAPS) project consortium has revealed the initial ship design for the ammonia-fueled gas carrier M/S NoGAPS. The NoGAPS project brings together key players in the value chain, including Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS), Nordic Inn
