NEWS

Shipping & Offshore

The World’s First Full Scale Hydrogen-Based Propulsion System Launched by KONGSBERG – Kongsberg Maritime

Category: Business News

KONGSBERG has celebrated a world first by testing and verifying a full-scale, full-size, zero-emissions drivetrain powered by hydrogen fuel cells designed for ships and ferries. The project demonstrates that the technology is now mature for using hydrogen (H2) as an energy carrier. The program is the third and final part of the EU funded project […]

Source: KONGSBERG


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Yara Debuts World’s First Autonomous Electric Container Ship

Category: Business News

OSLO, Nov 19 (Reuters) – The world’s first fully electric and self-steering container ship, owned by fertiliser maker Yara (YAR.OL), is preparing to navigate Norway’s southern coast and play its part in the country’s plans to clean-up its industry. Read full article.

Source: Reuters


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StormGeo Awarded Contracts for Weather and Ship Routing Services by Equinor

Category: Business News

StormGeo, a leading provider of weather intelligence and decision support solutions, announced that it has been awarded two contracts for weather and route advisory services provider to Norway-based Equinor, an energy company with more than 21,000 employees developing oil, gas, wind and solar energy in 31 countries. The contracts serve as a continuation of the […]

Source: StormGeo


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KKR to Acquire Norway-based Ocean Yield in €689m Deal

Category: Business News

Global investment firm KKR is investing about NOK7.2bn (€688.6m) to buy Ocean Yield, a Norway-based ship owning company with investments in vessels on long-term charters. Octopus Bidco, a company owned by KKR funds, is offering the Oslo Stock Exchange-listed owner’s shareholders NOK41 for each share. The amount per share being offered represents a premium of […]

Source: IPE Real Assets


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Norway Builds World’s First Electric Zero-Emission Fast Ferry

Category: Business News

Construction commenced in Norway for a fully electric passenger fast ferry, which is being called the first of its kind in the world. The vessel, which is due to enter service in the spring of 2022, is the first of three as part of a project to develop new modular methods for the design and […]

Source: Maritime Executive


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