Value Chain News

Bureau Veritas Marine & Offshore (BV) has announced the launch of a new Cruise Center of Excellence in Miami, to connect customers in local proximity to a global network of BV experts dedicated to supporting operators as they navigate increasingly complex market environments.The cruise hub joins BV’s global network of Centers of Excellence across sectors including Gas (Doha) and Offshore (Singapore, Shanghai, and Kuala Lumpur). With the launch of the dedicated Cruise Center of Excellence…

DNV has issued a Statement of Feasibility for Aker BP and Höegh Evi's concept to transport liquefied carbon dioxide (CO2) by shuttle carriers and inject it directly into subsea wells for permanent storage at the Atlas project offshore Norway.The assessment covers the offshore infrastructure required to transfer CO2 from vessels into the reservoir, with DNV concluding that the main technical challenges and uncertainties identified are manageable at the current stage of development.The Atlas project…

Shipbuilder Vard has launched a new energy construction vessel (ECV) being built for Wind Energy Construction, a Norwegian company partly owned by the founders and owners of Norwind Offshore, with delivery scheduled for the second quarter of 2027.The vessel, designated NB985, was successfully launched on October 27 and is under construction at Vard Vung Tau in Vietnam, Vard announced.Based on Vard's VARD 3 11 design, the vessel is intended for offshore wind and subsea operations, including inspection, maintenance and repair of subsea pipelines, as well as the construction and installation of o

Carbon capture and storage (CCS)  is moving from a collection of demonstration projects toward a new infrastructure business. As of July 2025, 734 commercial CCS facilities  were in operation or development, up from 628 a year earlier, while total capture capacity in the pipeline increased from 416 million tons per annum (Mtpa) to 513 Mtpa (64 Mtpa operational) (Figure 1). Figure 1. Cumulative operating CCS facilities by region, 1972-2025Source: Intelatus Global Partners’ interpretation of Global CCS Institute data.The number of operating facilities rose from 50 to 77 between 2024 and 2025…

The National Ocean Industries Association (NOIA) has named the American Bureau of Shipping (ABS) and Ørsted the winners of the 2026 NOIA Environmental, Social, & Governance (ESG) Excellence Awards. ABS is the winner of the Service, Supply & Support category, while Ørsted is the inaugural winner of the new Operators & Developers category.The NOIA ESG Excellence Award recognizes companies whose actions, design, or influence advance the ideals embodied by the NOIA ESG Principles.

SKF opened its new Ceramic Process Laboratory (C-Pro Lab) at its R&D Centre in Houten, The Netherlands. This capability strengthens SKF’s technology leadership across the complete ceramic manufacturing value chain, from raw material powder processing to high-performance component engineering, boosting the global adoption of advanced hybrid bearing technology.“Ceramic and hybrid bearing technologies are essential enablers for clean and reliable rotation in next-generation industrial electrical applications. The C-Pro Lab enables full mastery over the end-to-end ceramic process.

Construction of OMS Group’s next-generation cable-laying vessel, CS Resilience, has reached a milestone with the laying of its keel at CRIST Shipyard in Gdynia, Poland, on September 17, 2026.The keel laying marks the start of hull assembly for the first of two vessels being built to the ULSTEIN SX252 design for OMS Group’s GREAT-Class fleet. Purpose-built for increasingly complex subsea projects, the 130-meter CS Resilience is designed to provide greater cable capacity and operational efficiency…

Cav, a continuous cyber assurance company, announced a period of record growth, capped by a fleetwide expansion of its deployment with the U.S. Coast Guard (USCG). Annual recurring revenue has grown more than 500% year over year, and the company is on pace to be both cash-flow and EBITDA positive for fiscal year 2027.Cav's growth reflects an operational shift happening across high-reliability organizations (HROs) in how they handle cyber compliance. Today, cybersecurity is the last major regulated risk area still relying on periodic, manual, sample-based audits.

Norway’s Green Yard has unveiled the KLEVEN KY100, a 100-meter Polar Class expedition yacht that marks the shipbuilder’s move into developing and owning its own yacht designs.Developed by Green Yard Kleven in cooperation with Opalinski Design House and HAV Design, KY100 combines the yard’s offshore and polar vessel experience with contemporary superyacht design. The PC5 vessel is designed for worldwide operations, including polar waters, with a cruising speed of 18 knots and range of approximately 10…

INEOS Energy has started commercial operations at the Greensand project in the Danish North Sea, opening what it describes as the European Union's first full-scale carbon dioxide storage site, with initial capacity of up to 400,000 tonnes per year.Denmark's King Frederik X officially opened the facility on September 18 at the Port of Esbjerg. The project is led by INEOS Energy alongside Harbour Energy and the Danish North Sea Fund, or Nordsøfonden.Greensand is designed to scale up to between 4 million and 8 million tonnes of CO2 storage annually as demand grows.In the first commercial phase…

Lloyd’s Register (LR), Seapeak, Kongsberg Maritime (KM), and Tunable have launched a new joint development project (JDP) to facilitate compliance and independently verify the accuracy of KM’s Continuous Emissions Monitoring System (CEMS), which incorporates Tunable’s gas analysis technology, on board a new LNG carrier.The partners will compare actual CO2 emissions recorded by the vessel’s CEMS against both engine test bed data and default emissions factors, quantifying the resulting…

XRG, ADNOC and SEFE have signed a memorandum of understanding to explore wider cooperation across the natural gas and LNG value chain, including supply, infrastructure and shipping opportunities aimed at Germany and the wider European market.The agreement covers potential cooperation in four areas: security of supply, market development and growth, supply chain resilience, and portfolio and shipping optimization.The companies will explore combining ADNOC's UAE-based supply and XRG's international supply sources with SEFE's market presence…

The following article is an op-ed piece from Andrei Barotov and Kristiina Peterson, Chief Specialists of Maritime Competitiveness at the Estonian Transport AdministrationLeveraging its ‘e-Estonia’ digital society initiative, the government of Estonia is preparing to extend the digital reach of EST Flag ship registration services, while also expanding its tonnage eligibility. Andrei Barotov and Kristiina Peterson, Chief Specialists of Maritime Competitiveness at the Estonian Transport Administration…

Helsinki Shipyard has been selected to build Finland’s new icebreaker called Aino. The procurement by the Finnish Transport Infrastructure Agency marks the beginning of a new generation of Finland’s icebreaker fleet.Construction of the Aino icebreaker will begin next year and is scheduled for completion in 2029. The new vessel will safeguard Finland’s year-round maritime traffic in the Baltic Sea.Helsinki Shipyard will be responsible for the overall shipyard delivery and assembly of Aino working closely with its affiliate Sata Shipbuilding in Pori.

A new liquid carbon dioxide (LCO2) transfer solution built on proven technology from MacGregor enables the flexible, direct ship-to-well injection needed to support the EU’s carbon capture and storage goals.If the European Union is to meet its objective of net-zero emissions by 2050, carbon capture and storage (CCS) will have a significant part to play. The EU-funded CCS research and innovation project, COREu, targets a 6.8- and 36-megatonne reduction in annual carbon dioxide emissions by 2035 and mid-century…

Batteries have become a practical part of maritime decarbonization. They are used on ferries, harbor craft, tugs, offshore support vessels, crew transfer vessels, various types of remotely operated vessels, and hybrid ships to reduce fuel burn, provide spinning reserve, support dynamic positioning, enable peak shaving, and allow zero-emission operation in port. As of mid-2026, 156 different maritime battery systems from 118 manufacturing companies are commercially available. Notably…

Cadeler completed the final turbine installation at the 960 MW He Dreiht Offshore Wind Farm in the German North Sea. The final turbines were installed by Wind Keeper, under its long-term contract with Vestas.Cadeler’s scope of the installation campaign was executed using two of Cadeler's offshore wind installation vessels. Wind Orca commenced the project in April 2025 before Wind Keeper took over the remaining installation scope in the first quarter of 2026 under Cadeler's long-term contract with Vestas announced last year.

Offshore wind installation contractor and operator Cadeler has acquired Menck, a global provider of specialist equipment and technology solutions for offshore foundation installation based in Germany.The acquisition strengthens Cadeler’s offshore wind installation capabilities. Cadeler intends to continue operating Menck as a standalone business, preserving its independent market position while strengthening its role as a key supply chain provider across the offshore wind industry.Combining…

Klaveness Combination Carriers (KCC) has taken delivery of MV Baltazar, its third and final contracted third-generation CABU vessel, from New Yangzi Shipyard in China.Equipped with the first wind-assisted propulsion system in KCC's fleet and a range of advanced energy efficiency technologies, MV Baltazar completes the CABU III newbuilding program and brings KCC's fleet to 19 combination carriers.Designed for trades carrying caustic soda solution to Australia and returning with dry bulk commodities…

The maritime industry faces the dual challenge of reducing emissions while remaining economically competitive. As a result, energy efficiency is becoming one of the key drivers of the sector's transformation.Against this backdrop, SMM will launch the Energy Efficiency Hub, a dedicated exhibition area focusing exclusively on energy efficiency, September 1-4, 2026. Under the motto "Efficiency First: Powering the Future of Shipping," 24 companies from Europe, Asia and the Middle East will showcase solutions designed to improve energy efficiency in shipping.

Italian shipbuilder Fincantieri has signed two memoranda of understanding with Croatian shipbuilding companies Brodotrogir Cruise and Iskra Shipyard in support of its participation in Croatia’s naval acquisition program for two Multi Role Corvettes.The agreements provide a framework for exploring cooperation in the design, engineering and construction of naval vessels in support of Fincantieri’s proposal for the MRC corvette program promoted by Croatia’s Ministry of Defense.The…

ADNOC and XRG have signed a strategic collaboration agreement with Mitsui to explore opportunities across liquefied natural gas (LNG), crude oil, sulfur, shipping and chemicals, as well as international energy investments through XRG.The agreement establishes a framework for collaboration in areas including crude oil market development and long-term supply, LNG sales and optimization, sulfur procurement and logistics, and shipping solutions for LNG, ammonia, sulfur and other commodities.Through XRG…

Italian shipbuilder Fincantieri has agreed to acquire majority stakes in four companies for an initial expenditure of about $687 million (€600 million), expanding its capabilities in marine drones, subsea services and underwater communications across commercial and defense markets.The agreements cover acquisitions of majority stakes in Next Geosolutions, WSense, Graal Tech, and Defcomm, which will be integrated into Fincantieri’s Underwater technological hub.Next Geosolutions…