Japanese shipping major Mitsui O.S.K. Lines (MOL) plans to launch the construction of Wind Hunter, a hydrogen-producing vessel outfitted with multiple rigid sails, in 2024. The construction forms part of the company’s Wind Hunter project, which seeks new applications for hydrogen fuel and wind power
South Korean shipbuilder Samsung Heavy Industries (SHI) has completed the conceptual design for a CMSR Power barge, a floating facility for offshore nuclear power plants, and secured approval in principle from the U.S.-bassed ABS classification society. A compact molten salt reactor (CMSR) power bar
Volstad Maritime has awarded Norwegian Electric Systems (NES) with a contract for the delivery of a battery system for another subsea construction vessel. NES will provide the battery package and associated control system for battery charging to the Deep Cygnus in connection with a forthcoming vesse
Japanese shipping company Kawasaki Kisen Kaisha (K Line) has completed the installation of the first Seawing, an automated kite system that harnesses wind power, on a Capesize bulk carrier at the end of 2022. The installation was in line with the previously announced schedule, as K Line had been pla
Dutch tank storage company Vopak has teamed up with Germany-based Hydrogenious LOHC Technologies to establish a joint venture specializing in hydrogen storage, transport, and supply. At the heart of the 50-50 joint venture named LOHC Logistix will be Hydrogenious’ Liquid Organic Hydrogen Carrier (LO
Danish company Crestwing has entered the new year with significant funding support secured from both government and private entities that will be used to further advance its wave energy technology and bring it to market-ready stage.
Calls for replacing natural gas with hydrogen are gaining ground, but many still see gas as a major player in propelling the energy transition.
2022 has been a stellar year for methanol as an alternative fuel for ships as owners look to solutions to decarbonize their fleets. Based on the data from DNV, there are currently a total of 82 methanol-powered ships in operation and on order. The figure grew considerably from what we reported in Au
With the global energy crisis still running the show, Wood Mackenzie has outlined ten predictions for the energy industry in 2023.
Planned investments in gas infrastructure amounting to $245 billion across Africa, are in danger of turning into stranded assets.
As the future of the fossil fuels industry depends on its ability to manage its GHG footprint, what’s the best way to tackle these emissions?
While 2022 was marked by a global energy crisis and price volatility, 2023 is still uncharted territory for the oil and gas industry.
As we enter a new year, it is time for us to have a look back at the most-read stories from the past year. 2022 has been a rather turbulent year in many respects. As the world started to emerge from the COVID-19 pandemic, another black swan event rocked the shipping markets to the core, […]
In the wake of Russia’s war in Ukraine, the offshore energy industry was thrown for a loop, which resulted in price volatility.
