Northern Lights CCS Fleet Grows with First Bernard Schulte's LCO2 Carrier
Bernhard Schulte has christened its first liquefied CO2 (LCO2) carrier, marking the company’s entry into the carbon capture and storage (CCS)-related shipping segment.The vessel, named Northern Purpose, was christened on May 19 at Dalian Shipbuilding Offshore (DSOC) in China and will support the Northern Lights CCS project, a cross-border CO2 transport and storage development in Norway.Following delivery…
PALFINGER to Supply Cranes for North Sea HVDC Platforms
PALFINGER has secured a contract to supply davit cranes for five offshore converter platforms in the North Sea, expanding its presence in the offshore wind market as Europe accelerates grid infrastructure development tied to renewable energy projects.The Austrian company said it would deliver seven PF200-7m davit cranes to Spanish engineering contractor Dragados Offshore for high-voltage direct current…
Cadeler’s First Quarter Revenue Jumps on Offshore Wind Fleet Expansion
Cadeler has reported higher first-quarter revenue and earnings, supported by expanded offshore wind installation activity following growth in its operating fleet.The Danish offshore wind vessel operator posted revenue $145.2 million (€125 million) for the first quarter of 2026, up from $75.5 million (€65 million) in the same period last year, while EBITDA rose to $54 million (€47 million) from $27.9…
UK Eases Russian Fuel Sanctions to Safeguard Diesel and Jet Supply
Britain will allow imports of diesel and jet fuel refined abroad from Russian crude under a sanctions carve-out, watering down restrictions to help ensure supply at home as prices soar due to the conflict in the Middle East.While Britain's support for Ukraine remains steadfast, junior treasury minister Dan Tomlinson said, he added that the national interest had to come first and therefore a loosening…
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