Germany Moves Toward Energy Independence but Falls Short of Climate Target
For the first time, DNV has applied its independent Energy Transition Outlook model— incorporating the latest technology trends and policy developments— to Germany.The inaugural German Energy Transition Outlook (ETO) report finds that Germany is on track to electrify nearly half of its electricity demand by midcentury. Yet, it will fall short of its 2045 climate neutrality target.One of the main advantages for Germany is that its energy mix by supply will shift dramatically.
Jan De Nul to Install XXL Monopiles at 1.1GW Scottish Offshore Wind Farm
Belgian offshore installation contractor Jan De Nul has secured a contract for the installation of monopiles for 72 offshore wind turbines that will make up the 1.1 GW Inch Cape offshore wind farm in Scotland.Inch Cape offshore wind farm, being developed by ESB and Red Rock Renewables as equal joint owners, recently reached financial close and is now progressing into construction.In that regard, Jan…
Marine Masters Secures Wellhead Platforms Installation Job Off India
Dutch offshore contractor Marine Masters has secured work on an offshore installation project for the greenfield Bhasker A & B platforms, designed and constructed by Indian energy company SunPetro.The project, managed by main installation contractor ACE Pipeline and directly overseen by Consolidated Support Services PTE LTD (CSS), involves the development of two wellhead platforms featuring jackets…
MODEC and Samsung Team Up to Install Carbon Capture Tech on FPSO
MODEC has entered into a Front End Engineering and Design (FEED) contract with Samsung E&A for the installation of carbon capture technology on a floating, production, storage and offloading (FPSO) vessel.The offshore carbon capture project envisages the installation of a carbon capture module on a MODEC FPSO vessel as a pilot, and it will be a first-of-a-kind deployment of Carbon Clean’s CycloneCC…
GEOS Scoops $21M in Vessel Contracts with ‘Tier 1 International Majors’
Norwegian vessel owner and operator Golden Energy Offshore Services (GEOS) has signed new vessel contracts and extended the previous ones, securing $21 million, as well as additional $21.7 million for the option period.GEOS concluded a firm contract for the Energy Duchess Multi-Purpose Support Vessel (MPSV) which will run until September 1, 2025, with one six-month option.Also, the company secured a contract extension for the Energy Passion Platform Supply Vessel (PSV) until March 1…
CMB.TECH Reports Profit Drop
Belgian oil tanker group CMB Tech said on Thursday its profit sunk 76% in the fourth quarter amidst slow tanker and dry bulk markets, although it still beat market expectations aided by the disposal of some older vessels.The group, formed after Euronav's takeover of Compagnie Maritime Belge last year, reported a net gain of $0.48 per share for the final quarter of 2024, compared to $2.01 a year earlier.
Misinterpretation of Aids to Navigation Contributed to Vessel Grounding
Following the grounding of one of its pilot transfer launches in Port Phillip Heads, Australia, a Port of Melbourne pilotage services provider has developed additional operational guidance on the use of launch equipment and crew resources.On the evening of October 5, 2023, the pilot launch Corsair was returning through the entrance of Port Phillip after collecting a pilot from an outbound container ship…
Furetank Completes Milestone Bio-LNG Bunkering
Furetank has completed its first bunkering of 200 tonnes of ISCC certified Bio-LNG, in collaboration with environmental commodity trader STX Group and Molgas.The tanker vessel Fure Viken was bunkered whilst anchored outside Mongstad, Norway.The bio-LNG helps Furetank comply with the new FuelEU Maritime Regulation, requiring a 2% reduction in the greenhouse gas intensity of vessel fuel by 2025.Bio-LNG…
Industry Responds Positively to EU Clean Industrial Deal
The European Commission has presented its Clean Industrial Deal which aims to accelerate decarbonization while securing the future of manufacturing in Europe.President Ursula von der Leyen said: “Europe is not only a continent of industrial innovation, but also a continent of industrial production. However, the demand for clean products has slowed down, and some investments have moved to other regions.
Is Nuclear Power Maritime’s Best Hope to hit ‘Net Zero’?
In the ever-evolving quest for cleaner, more efficient energy sources in maritime vessel operations, nuclear power has re-emerged as a topic of serious discussion, as shipowners eye the International Maritime Organization push to ‘net zero’ on or around 2050. Admittedly, there is no ‘silver bullet’ solution for the entirety of maritime premised on the wide variety of routes and ship types, but nuclear holds promise in several large-ship, oceangoing sectors.
U.S. Dockworkers Ratify New Six-year Contract
More than 45,000 U.S. dockworkers represented by the International Longshoremen's Association ratified a new six-year contract on Tuesday, formalizing a deal that offers bumper pay hikes and averts any potential disruption until 2030.Terms of the contract, previously agreed upon by the labor union and the United States Maritime Alliance, included a 62% wage hike over the life of the agreement.Both the labor union and the employer group had agreed on the wages in October…
For the First Time in 50 Years, Live Cattle Exports OKd from Argentina
The Argentine government has authorized the export of live cattle for slaughter, reversing a prohibition that had been in place for over five decades, after the country's beef exports last year reached their highest level in a century.Argentina, famed for its beef cuts and traditional asado barbecue, is a ranching and farming powerhouse and a major exporter of processed soybeans, corn and wheat.Sales…
VIMC Partners with M1 to Digitize Maritime Ops
M1 Limited (M1), Vietnam Posts and Telecommunications Group (VNPT), and SSI Solutions have entered into a strategic, non-binding Memorandum of Understanding (MOU)…
Cruise Brands Star Cruises, Dream Cruises Come Back
Resorts World Cruises announced the return of two iconic Asian cruise brands – StarCruises and Dream Cruises. The Resorts World Cruises brand was used temporarily to restart cruising in Asia post-Covid and will be reverting to its roots over the last 30 years. The brand transition period will take approximately three months with the renewed ambition to reinforce StarCruises and Dream Cruises as pioneers of the Asian and global cruising industry.Launched in June 2022…
Havila Shipping Reports Stable Q4 2024 Results
Havila Shipping ASA announces its Q4 2024 financial results, highlighting steady freight revenues, strong fleet utilization, and the successful completion of a major debt restructuring.Key Financial Highlights (Q4 2024):Freight revenues: NOK 148.0 million, consistent with Q4 2023 and up NOK 7.1 million from Q3 2024.Fleet utilization: Maintained at 92%, with a higher average rate than the previous quarter.Operating expenses: NOK 87.7 million…
BRIX Delivers Bridge Cat 49 for Bridgemans Services Group
BRIX Marine launched a Bridge Cat 49 (4519- DCT), built for Bridgemans Services Group. The personnel transfer vessel, Bridge Cat 49 (BC49), accommodates up to 45 passengers plus three crew and is built to meet Transport Canada passenger vessel requirements for use in British Columbia, Canada.The BC49 is constructed with a 45-foot aluminum hull and an 18.5-ft. beam, powered by twin Cummins QSL9 405HP diesel inboard engines paired with ZF marine transmissions for smooth operation.
SCA’s Paxton Testifies to Congress on Bolstering U.S. Shipbuilding Base
[The following are exerpts and paraphrasing from testimony given by Matthew O. Paxton, President of the Shipbuilders Council of America (SCA), to Congress on the morning of February 26, 2025.]While maritime strength and shipbuilding historically have been a cornerstone of global power, shifting times and geopolitical pressures impact readiness and output. Today, as the world’s geopolitical landscape shifts, so too does the reality of the U.S. shipbuilding and ship repair industry.
Louis Dreyfus Armateurs Starts Talks for Majority Stake Sale to Private Equity Firm
Louis Dreyfus Armateurs (LDA) and InfraVia, a private equity company in Europe, have entered into exclusive negotiations for InfraVia to acquire a majority stake in LDA, a group specializing in high value-added industrial marine services.LDA currently specializes in three growing segments, transportation and logistics of industrial equipment, mainly through dedicated Ro-Ro vessels, maintenance of offshore wind farms…
DFDS Secures Freight Ferries Services Contract with Danish Defence
Danish international shipping and logistics company DFDS has entered an agreement with the Danish Defence to provide freight ferries for transport of military equipment.The partnership will support on military operations and missions. The contract extends the scope of the current contract and starts in 2026, running for up to six years.DFDS expands and extends its cooperation with the Danish Defence.
First Steel Cut for North Star’s Hybrid-Electric SOV for EnBW
North Star and its shipbuilding partner Cochin Shipyard have cut first steel on EnBW’s new hybrid-electric service operations vessel (SOV), which is on decade-long minimum charter to service the He Dreiht wind farm off the coast of Germany from the end of 2026.The steel cutting milestone was marked February 25, 2025 at Cochin Shipyard in India, where the planning, engineering design and construction…
