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Wave investors back slice of Danish

Oil & Gas
Danish company Resen Waves has raised more than £1m to step up commercial development of its technology for offshore oil & gas and docking systems for underwater drones.

Hapag-Lloyd converting one LNG-ready containership, and fitting scrubbers to two

Safety & Regulations
Hapag-Lloyd is to convert one of the LNG-ready containerships it acquired in the UASC merger, and fit scrubbers on two vessels as it analyses options apart from low sulphur fuel for complying with the IMO's 2020 sulphur cap.

More delay for Kriegers link

General
Transmission system operators Energinet and 50Hertz have postponed the commissioning of the 400MW Kriegers Flak Combined Grid Solution between Germany and Denmark until May 2019.

UK secures funding for hydrogen injection system on ferry

R&D
Innovate UK have awarded £430,332 to design and integrate a hydrogen diesel dual fuel injection system onboard a commercial ferry.

First Ship-to-Ship LNG Bunkering at Rotterdam

Safety & Regulations
Shell has achieved the Port of Rotterdam's first ship-to-ship LNG bunkering operation using the specialized LNG bunker vessel, Cardissa. 

The Ocean Cleanup Trial Success

Safety & Regulations
The NGO The Ocean Cleanup has released video footage of its System 001's Pacific trials.

Cyber threats in the maritime environment: What you should know

Cyber Security
Passwords update; data speed; geo-location authentication; only a few ways to prevent the threat posed by cyber criminals who aim to undermine our network connections.

India: Govt set to dump direct port delivery scheme

Ports
The DPD scheme that was introduced as a panacea to cut cargo dwell time and costs is set to be dumped, with the government working on a plan to restore the role of container freight stations in the evacuation system

Compliance with IMO 2020 rule to be high despite concerns

Safety & Regulations
Compliance with the International Maritime Organization’s global sulfur limit for marine fuels will likely settle around 90% in the initial years after 2020 as most shipowners switch to 0.5% sulfur bunker fuels to meet the rule

Ørsted Acquires Deepwater Wind

Wind Energy
Ørsted has entered into an agreement with the D.E. Shaw Group to acquire a 100 percent equity interest in Rhode Island-based Deepwater Wind at a purchase price of $510 million. 

New venture launches subsea lifting system

Subsea Technology
Following the sale of Ecosse Subsea to Oceaneering earlier this year, subsea entrepreneur Mike Wilson has launched Ecosse IP Ltd. (EIP), with start-up investment of £2 million ($2.6 million).

Tankers: Northwest European clean MR freight rallies in as gasoline prices drop

Safety & Regulations
Clean Medium Range tanker freight rates have rallied this week as gasoline traders scramble to ship gasoline out of Northwest Europe, where a significant build in stocks has pressured gasoline prices.
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