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UK Backs New Floating Wind, Tidal Projects in Subsidy Auction

UK Backs New Floating Wind, Tidal Projects in Subsidy Auction

By The Maritime Executive
July 7, 2022
Hexicon AB's novel twin-turbine floating offshore wind system has secured the UK's first ever Contracts for Difference financial support package for a floating wind farm.  The CfD award will suppor...
NFE Sells Stake in its Fleet to Raise $1.1 Billion for Novel LNG Plans

NFE Sells Stake in its Fleet to Raise $1.1 Billion for Novel LNG Plans

By The Maritime Executive
July 6, 2022
On Tuesday, New Fortress Energy announced that it has reached an agreement to sell 11 of its LNG vessels to a new joint venture with private equity company Apollo. The deal gives NFE $1.1 billion in n...
Shell to Build Europe’s Largest Renewable Hydrogen Plant in Rotterdam

Shell to Build Europe’s Largest Renewable Hydrogen Plant in Rotterdam

By The Maritime Executive
July 6, 2022
Shell has decided to proceed with the construction of a massive new hydrogen plant in Rotterdam, which is expected to become Europe’s largest renewable hydrogen plant when it starts operations in 2025...
Disabled Bulker Portland Bay Brought to Berth After Three Day Ordeal

Disabled Bulker Portland Bay Brought to Berth After Three Day Ordeal

By The Maritime Executive
July 6, 2022
A nearly 60-hour ordeal came to an end on Wednesday afternoon as salvage tugs were able to successfully bring the disabled bulker Portland Bay into port in Australia. Authorities and government offici...
White Glacier Survival Suit is Disrupting the Life-Saving Tech Sector

White Glacier Survival Suit is Disrupting the Life-Saving Tech Sector

By The Maritime Executive
July 6, 2022
[By: White Glacier] With little change in the technology behind neoprene survival suits since the 1960s, the team behind White Glacier’s Arctic 10+ survival suit has made the most significant break...
Sustainable Marine Partners with Portugal’s blueOASIS on Clean Energy

Sustainable Marine Partners with Portugal’s blueOASIS on Clean Energy

By The Maritime Executive
July 6, 2022
[By: Sustainable Marine] Sustainable Marine has formed a strategic partnership with Portugal’s blueOASIS to develop a range of ‘SIDS-appropriate’ marine renewable energy solutions, that can help un...
U.S. Startup Proposes "Light" WTIV Variant for Jones Act Market

U.S. Startup Proposes "Light" WTIV Variant for Jones Act Market

By The Maritime Executive
July 5, 2022
Bleutec Industries, an American startup based in Texas, is launching a new effort to create a new form of Jones Act-compliant wind turbine installation.  Only one U.S.-built wind turbine installati...
Battling “Mountainous” Seas Powerless Bulker is Moved to Shelter

Battling “Mountainous” Seas Powerless Bulker is Moved to Shelter

By The Maritime Executive
July 5, 2022
Australian authorities were forced to switch to an alternate salvage plan for a disabled bulker caught in a fierce storm off the southern coast after a towline parted and the crew aboard reported that...
Strong Entry into the Vietnamese Wind Market

Strong Entry into the Vietnamese Wind Market

By The Maritime Executive
July 5, 2022
[By: PALFINGER] With more than 3,000 kilometers of coastline and its high wind power potential, Vietnam is a fast-emerging hot spot for the global wind industry. Thanks to its expertise and high-qu...
TECO 2030 Leads Effort to Build SES Ferry With Hydrogen Propulsion

TECO 2030 Leads Effort to Build SES Ferry With Hydrogen Propulsion

By The Maritime Executive
July 4, 2022
Fuel cell maker TECO 2030 has teamed up with the builder of the ultra-fast Skjold-class corvette - the swiftest warship in the world - to design a hydrogen-powered passenger vessel with surface effect...

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