Japanese shipping major Mitsui O.S.K. Lines (MOL) is acquiring a stake in Hamburg-based Deutsche Offshore Schifffahrt (DO), a joint venture with Schoeller Holdings, as well as shares in construction commissioning service operation vessels (C-CSOVs) currently under construction. The joint venture bet
Ireland-headquartered XOCEAN has received remotely operated uncrewed vessel (ROUV) certification for its X-30 vessel under the UK Workboat Code Edition 3 (WBC3). XOCEAN reported earlier this month that Lloyd’s Register (LR) had certified its X-30 ROUV under the UK Maritime and Coastguard Agency’s (M
Saipem’s underwater inspection drone (UID) FlatFish has completed a test campaign with Brazil’s oil & gas major Petrobras as part of a contract awarded in 2023, ahead of deployment in a real offshore environment. The functional acceptance tests (FAT) were held at Saipem’s underwater drone testing fa
Lithuanian liquefied natural gas (LNG) terminal operator KN Energies has awarded Aker Solutions with a front-end engineering and design (FEED) contract for its CO2 transshipment terminal infrastructure project in Klaipėda. The planned terminal is expected to have a capacity of approximately 2.8 mill
Swedish tidal energy developer Minesto has begun production from its 100 kW microgrid-scale powerplant Dragon 4 to the Faroese grid. This is said to be a preparatory first step of the microgrid project, partly funded by the Swedish Energy Agency and in close collaboration with project partners, incl
Brazil’s offshore vessel owners OceanPact and CBO are set to combine their businesses by incorporating CBO’s holding company into OceanPact, thereby creating a firm that will have a total fleet of 73 vessels. The partners note that the business combination is a catalyst for implementing sustainable
Greek Corinth Pipeworks, part of Belgium’s Cenergy Holdings, has entered into an agreement to acquire a 100-year-old longitudinal submerged arc welding (LSAW) pipe mill in the UK for a total consideration of GBP 10 million (around €11.45 million). Corinth Pipeworks UK Ltd and the joint administrator
Dutch-Norwegian SolarDuck has launched an advisory board to support the integration of its offshore floating solar technology within the carbon capture and storage (CCS) and wider offshore energy sectors. The board will initially consist of two members, including Neil Kavanagh, formerly Chief Scient
UK-based manufacturer of subsea and power cables JDR Cable Systems, part of TFKable Group, has appointed former UK Trade Commissioner Jonathan Knott CMG to the newly created role of Deputy Chief Executive Officer (CEO). JDR said that the role had been newly created to support the company’s accelerat
Everllence, formerly MAN Energy Solutions, has signed a cooperation agreement with Brazil’s Vale, a mining company and one of the country’s largest logistics operators, for the development of ethanol as a marine fuel. The partners will work on developing an advanced ethanol-powered engine, based on
Following the completion of testing, Italian cabling giant Prysmian revealed it was ready to launch the new global standard for high voltage direct current (HVDC) submarine cable systems qualifying the use of 525 kV cables at an increased operating temperature of up to 90°C. Founded on the higher wi
Greece’s Asso.subsea has signed the shipbuilding contract with China Merchants Heavy Industry (CMHI) for the construction of a second next-generation trenching support vessel (TSV), sister to the one announced in September 2025. The TSV Andromeda will be built at CMHI’s Shenzhen Shipyard, where the
MET International, the trading and wholesale arm of Switzerland-headquartered energy company MET Group, and Shell Global LNG Limited have signed a non-binding memorandum of understanding (MoU) to expand their existing long-term cooperation in LNG and gas trading. The agreement provides a framework f
Norway-headquartered Kongsberg Maritime has signed a memorandum of understanding (MoU) with Indonesia’s state-owned and largest shipyard, PT PAL Indonesia, to work on advancing energy efficiency and decarbonization across the country’s maritime sector. Kongsberg Maritime said that the agreement repr
