5 Minutes with Mike Read, President, Teledyne Marine

Teledyne Marine Group has been a consolidator in the subsea space for more than a decade, today totaling 23 companies. Teledyne Marine’s MTR100 entry is focused on insights on the moves in the market from Mike Read.As we continue to navigate through a historic downturn in the offshore energy sector, can you give us your view of the market? Where you see opportunity in the coming 12 to 24 months?We…

NSF Awards Contract to Continue Ocean Observatories Initiative

A state-of-the-art marine facility delivering data and new insight to the ocean science community, policy-makers and the public worldwide has received additional support from the National Science Foundation (NSF).The NSF awarded a coalition of academic and oceanographic research organizations a five-year, $220 million contract to operate and maintain the Ocean Observatories Initiative (OOI). The coalition…

Forum Unveils New eROV

Forum Subsea Technologies' recently launched XLe Spirit is the first observation-class electric remotely operated vehicle (ROV) to utilize Forum’s Integrated Control Engine (ICE) to bring greater functionality commonly only found in larger work-class vehicles.According to the manufacturer, the advanced control electronics pod fitted to all Forum XLe observation class vehicles enables superior connectivity and expansion capabilities.

U.S. Ocean Enterprise Grows 60% since 2015, Report

The U.S. Ocean Enterprise Report released by NOAA shows significant growth in businesses that provide the technological means to observe and measure ocean dynamics. Called the Ocean Enterprise, this cluster of businesses, which provides essential support to the $2 trillion global Blue Economy and has revenues of $8 billion, saw a 60% growth of businesses - from 500 to 800 - between 2015 and 2020.“Ocean…

Reach Subsea Acquires OCTIO from Equinor

Reach Subsea has agreed to buy OCTIO AS, a provider of monitoring solutions for oil and gas producing fields and CO2 storage reservoirs, from Equinor Ventures.OCTIO performs the geophysical studies that lead to overall monitoring strategies; plans and executes operations and provides support to integrate data in interpretation workflows. The company’s main technological propositions are real-time passive…

R.M. Young: President Transition as Namesake Tom Young Retires

R.M. Young Company, a leader in meteorological instrumentation, announced the retirement of President Tom Young, marking the end of an era for the family-founded and operated company. Tom, who has been an integral part of the company since 1991, officially stepped down as President on April 1, 2025. He is succeeded by Eric Mannix, President and CFO.Tom Young’s career at R.M. Young Company spans over three decades…

Argeo Taps Eelume 'Snake Robot' for Autonomous Underwater Inspection

Argeo AS selected Eelume’s autonomous ‘snake robot’ to assist in its operations, the first commercial contract for this new tech which was developed with the assistance of Kongsberg Maritime, a majority shareholder in the venture.“We believe that this is just the beginning of a major shift in how the industry conducts underwater operations. There is a need in the market for this type of solution, and we anticipate a significant requirement for more robots of this type in the long term…

Oceanology ’22 Day 3: New Companies, New Ideas

The final day at Oceanology International in London was quieter, but the conversations still continued, including those with a new cohort of companies looking to offer new ways of doing business, as MTR's Elaine Maslin found. The final day of this year’s Oceanology International conference, being held at London’s Excel Centre, was a quieter affair than the past two days, but those who remained were…

New Product: SeaQ Remote for Autonomous Ship Ops

As the move toward advanced remote and autonomous operation of vessels proceeds at speed, Vard Electro introduced SeaQ Remote to facilitate a new generation of larger robotic vessels.The new product, which will see its debut delivery on a total of 14 newbuild marine robotic vessels contracted with shipbuilder VARD, is designed to unify the SeaQ suite of automation systems into a single user interface…

Robots as Clever as an Octopus

Octopuses have nine brains, one donut-shaped one in their head plus a small one in each of their eight arms. They can use tools, solve puzzles, and recognize human faces.Take Otto, an octopus that once lived in the SeaStar Aquarium in Germany. He was known to squirt water onto an annoying light above his tank, short-circuiting the lights in the entire building. Employees said he got bored when the aquarium was closed and would rearrange the tank…

Prysmian Group Wins MidEast Submarine Cable Contract

Prysmian Group entered into a Limited Notice to Proceed (LNTP) for the supply of power cables in the context of a landmark  HVDC submarine cable project in the Middle East, worth around $252m. The LNTP was awarded to Prysmian by Samsung C&T as part of its EPC consortium with Jan De Nul Group. The new link, part of the strategic HVDC transmission system for the Abu Dhabi National Oil Company (ADNOC) Abu Dhabi National Energy Company PJSC (TAQA) Lightning Project…

Mitcham Delivers BuoyLink 4DX RGPS Systems

Mitcham Industries said its Seamap subsidiary has completed deliveries of its BuoyLink 4DX RGPS positioning systems. So far this year, Seamap has delivered orders totaling almost $3 million for the 4DX version of its BuoyLink product line. Axxis Geo Solutions and the WGP Group unit of Magseis Fairfield are among the customers receiving deliveries so far this year.Guy Malden, Co-CEO of Mitcham commented…

Sustainable Marine Ready to Deliver Tidal Energy in Early '22

Sustainable Marine reports it is set to demonstrate that Nova Scotia can produce 'clean' and predictable energy from its world-famous tidal streams, after completing construction of its substation at Grand Passage.“We are on target to connect the platform to the substation in the first quarter of next year,” said company Jason Hayman, CEO, while attending the annual Marine Renewables Canada conference in Halifax this week.

TGS to Provide Tech Set to Optimize Northern Lights CCS Operations

Norwegian data and intelligence firm TGS has signed a collaboration agreement with Equinor, aimed at advancing the digitalization of carbon capture and storage (CCS) operations at Northern Lights project.The agreement strengthens the ongoing cooperation with Equinor by integrating cutting-edge technology to optimize field operations.Northern Lights will integrate TGS’ Prediktor Data Gateway into its digital system to enhance management of the full CO2 value chain…

Danfoss to Power US' New Hybrid-electric Research Vessel

Danfoss Power Solutions’ Editron division has been chosen by the Pacific Power Group and Seattle shipbuilder Snow & Company to provide the drivetrain system powering the U.S. Department of Energy’s first hybrid-electric research vessel. Due to enter operation in February 2023, the vessel will be used by PNNL-Sequim.The Pacific Northwest National Laboratory (PNNL) is a research center specializing in research advancing sustainable energy through decarbonization and energy storage.

Chad Cary to Lead NOAA Corps and Office of Marine and Aviation Operations

The U.S. Senate confirmed on Thursday President Biden’s nomination of NOAA Rear Adm. Chad Cary to lead the NOAA Commissioned Officer Corps (NOAA Corps) and NOAA Office of Marine and Aviation Operations (OMAO).“Supporting the nation’s environmental and economic security is one of the Biden-Harris Administration’s top priorities and the NOAA Corps, NOAA’s fleet, and the dedicated professionals who operate these critical components of our infrastructure are vital in fulfilling that mission…

Matson Partners with WhaleSpotter

Matson has entered a product agreement with WhaleSpotter to purchase and deploy a whale detection system developed by the Woods Hole Oceanographic Institution (WHOI), making Matson the first container shipping company to deploy this advanced marine protection technology.The WhaleSpotter system combines thermal and AI-driven detection and 24/7 real-time verified monitoring to reliably detect whales up to three nautical miles away, day or night.

Corvus Energy to open new Battery Factory in the U.S.

As the maritime industry increasingly moves towards propulsion solutions that help cut emissions, battery technology is increasingly taking center stage on a number of ship, boat and offshore energy installations. Leading the charge are a number of battery manufacturers globally, including Norway’s Corvus Energy, which announced that the company is expanding its US operations by opening a new factory in the Port of Bellingham…

Kraken Wins Pair of Navy Contracts

Canada-based marine technology company Kraken Robotics Inc. announced Tuesday it has won a pair of contracts to supply mine-hunting equipment to the navies in Denmark and Poland.The firm said it signed a $27.3 million (CAD 36 million) contract with Danish Ministry of Defense, Acquisition and Logistics Organization (DALO) to supply mine-hunting sonar equipment to the Royal Danish Navy, and on September…

NOAA, Coast Guard to Collect Data from a Great Lakes Icebreaker

This week, NOAA's Office of Response and Restoration (OR&R) scientists worked with the U.S. Coast Guard during ice-breaking in Lake Superior Harbor in Duluth, Minnesota, aboard the Coast Guard Cutter Spar. This project is the first set of experiments funded by the newly developed Great Lakes Center of Expertise.Teams from both Coast Guard District 9 and NOAA deployed uncrewed aircraft system (UAS) with multispectral…