A new generation of hybrid vessels is demonstrating significant gains in both fuel economy and operational output. For Olympic Subsea’s owner and CEO Stig Remøy, it proves that technology-led efficiency is the fastest path to decarbonization—and a powerful business case.When Stig Remøy began pivoting Olympic Subsea toward subsea and renewables a decade ago
On 27 May, a new report titled “Charting the Distinct Rights of Sea Workers in European Waters: A Focus on Decent Working Time,” was released by the World Maritime University (WMU) commissioned by the European Transport Workers’ Federation (ETF) and the International Transport Workers’ Federation (ITF).
Europe's offshore wind expansion is running into a structural supply constraint where the turbine market is becoming increasingly concentrated. GE Vernova, Siemens Gamesa and Vestas have historically anchored Western offshore turbine supply, but with GE Vernova having paused new offshore wind orders following a series of technical and operational setbacks
The changing global bottom-fixed offshore wind turbine and foundation installation marketThe last two or three years have seen a change in the underlying stakeholder support for the energy transition, resulting in the energy trilemma being focused more on energy security and affordability than transition, which means a pivot away from renewables to increased support for oil & gas.
A Massachusetts judge on Friday blocked GE Vernova from abandoning work on the largest offshore wind farm in New England after developer Vineyard Wind refused to pay over $300 million the turbine supplier says it is owed for the $4.5 billion project.Suffolk County Superior Court Judge Peter Krupp in Boston issued a preliminary injunction at developer Vineyard Wind's request preventing a GE
Vineyard Wind has filed a lawsuit seeking to block a wind turbine-supplying unit of GE Vernova from terminating agreements and abandoning work on a $4.5 billion offshore wind farm in Massachusetts on the eve of completion.Vineyard Wind, a joint venture between Spain's Iberdrola IBE.
A consortium of GE Vernova and Singapore’s Seatrium has secured a major contract from Dutch-German grid operator TenneT to deliver the BalWin5 offshore grid connection, a 2.2 GW high-voltage direct current (HVDC) transmission system designed to bring North Sea wind power to Germany’s electricity network.BalWin5 is expected to provide enough renewable electricity to supply about 2.
GE Aerospace's Marine Engines & Systems has received orders to supply eight LM2500 marine gas turbine engines for the U.S. Navy's next two Flight III Arleigh Burke-class guided-missile destroyers: the future USS Intrepid (DDG 145) and USS Robert Kerrey (DDG 146). Each destroyer is powered by four LM2500 engines
Offshore wind developers and equipment suppliers are bracing for a slowdown in business in France where a political crisis has stalled changes to the country's energy framework and government tenders.The threat of a further hit to France's economy comes after data released on Friday shows business activity declined faster than expected in October.
American Bureau of Shipping (ABS) has granted approval in principle (AiP) for VesselWise, a next-generation autonomous technology for optimizing propulsion to improve fuel efficiency and enhance operational stability.The technology was developed by HD Korea Shipbuilding & Offshore Engineering (HD KSOE), HD Hyundai Heavy Industries (HD HHI) and HD Hyundai Marine Solution (HD HMS) for LNG carriers.
The U.S. in recent days suspended licenses for nuclear equipment suppliers to sell to China's power plants, according to four people familiar with the matter, as the two countries engage in a damaging trade war.The suspensions were issued by the U.S. Department of Commerce, the people said, and affect export licenses for parts and equipment used with nuclear power plants.