ABS is part of a joint development project (JDP) with the Mærsk McKinney Møller Center for Zero Carbon Shipping and leading global players in the marine and offshore industries to assess the technical, financial and environmental potential of converting existing vessels to zero-carbon fuels and technology, reports cision.
Analyzing The Emission Reduction PotentialTogether with JDP partners A.P. Moller – Maersk, MAN Energy Solutions, Mitsubishi NYK, Seaspan and Total, ABS and the Center will...
Floating wind will play an important role in decarbonizing the global energy system, contributing 2% of the world’s power supply by 2050, but more comprehensive industry standards and risk management is required for the technology to scale.
According to a new report by risk management and quality assurance company DNV GL, the cost of floating wind will fall approximately 70% by 2050 (to a global average of 40 EUR per MWh.) and offer new opportunities to players in the offshore wind, oil & gas...
The global Offshore Industry Group, comprising IADC, IAGC, IMCA, IOGP, and ISOA urges the UK Government to exempt all offshore energy sector workers from the 14-day quarantine restrictions introduced on 8 June.
The Group has the support of the United Nations’ International Maritime Organization’s Secretary-General for its Recommendations (IMO Circular Letter 4204/Add.13) calling upon Governments to recognize offshore energy sector workers as ‘key workers’. This allows regular crew movements...
The last five years have been one of the longest and most challenging downturns the offshore industry has ever experienced. Since the oil price drop of 2014/2015, the Offshore vessel market has been plagued by bankruptcies, consolidations, takeovers and mergers, forced fleet sales and most importantly a significant decrease in asset values.
Values
VesselsValue has always been conservative in terms of Offshore asset values compared to their competitors. In January 2019, Solstad Offshore were...
VARD, Fincantieri’s subsidiary and one of the major global designers and shipbuilders of specialized vessels, signed a new contract for the design and construction of one Service Operation Vessel (SOV) for Ta San Shang Marine Co., Ltd., a joint venture between Mitsui O.S.K. Lines Ltd. (MOL) and Ta Tong Marine Co., Ltd. (TTM).
The vessel – the first one to be built for the Asian market – is specifically conceived to perform maintenance operations to be carried out in the Greater Changhua Wind...
HUBER+SUHNER, a leading manufacturer of components and system solutions for electrical and optical connectivity, has launched its fire-resistant RADOX® OFL (Oil & Gas Flexible Lightweight) cable solution – providing the offshore industry with a safe way to reduce platform weight.
Featuring a lightweight and compact design, the RADOX OFL cables reduce weight and space by up to 60% when compared to other cables on the market.
The cable’s small bend radius and thin wall – which is half the size of...