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Market Outlooks

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Illustration Courtesy of PSU)
Market Outlooks

U.S. researchers gearing up to test electromagnetic wave energy device

Supported by the U.S. Department of Energy (DOE) funding, the researchers at Portland State University (PSU) are preparing to test and validate a new type of electromagnetic device that turns ocean waves into a source of renewable energy.

about 4 years ago
ABS: Hydrogen and CC support critical for energy transition
Market Outlooks

ABS: Hydrogen and CC support critical for energy transition

The CEO of the classification society American Bureau of Shipping (ABS) says government support is crucial if hydrogen and carbon capture are to deliver net-zero.

about 4 years ago
Reach Subsea
Market Outlooks

Wilhelmsen buys into Reach Subsea to scale up remote subsea ops

Norwegian maritime group Wilhelmsen has acquired a 21% stake in the compatriot subsea contractor Reach Subsea to position itself in the renewable value chain and explore the remote subsea concept.

about 4 years ago
Noble Bob Douglas drillship
Market Outlooks

Noble counts on meaningful growth ahead as rigs secure more work

Noble Corporation has secured more work for its rigs, including a conditional award for four drillships working for ExxonMobil in Guyana.

about 4 years ago
The small-scale VG-OSWEC under tank trials at UMass (Courtesy of NREL/Photo by Jacob Davis, UMass Amherst)
Market Outlooks

NREL’s variable-geometry wave energy concept advances to test phase

Researchers from the National Renewable Energy Laboratory (NREL) in United States have built and tested a small-scale prototype of novel wave energy device which can adapt its shape according to the strength of the waves for greater survivability and power extraction.

about 4 years ago
MSC
Market Outlooks

MSC: New alliance is a major step forward for shipping’s digitalization

As a founding member of the Digital Container Shipping Association (DCSA), Swiss container shipping giant Mediterranean Shipping Company (MSC) has welcomed the creation of the Future International Trade (FIT) Alliance, bringing together five leading industry associations in a commitment to standardi

about 4 years ago
A wind turbine at the Block Island Offshore Wind Farm with a U.S. flag on a vessel visible in the right corner
Market Outlooks

2022 to provide sneak peek into what lies ahead for U.S. offshore wind

Offshore wind activities that will be taking place in the United States throughout this year could provide early insight into what lies ahead for the country in terms of offshore wind deployment volume, reuse of oil and gas infrastructure, Power-to-X opportunities and, most importantly, readiness an

about 4 years ago
Professor Richard Manasseh (Courtesy of the Swinburne University of Technology)
Market Outlooks

Australians explore using wave energy devices to protect vulnerable coastlines

Researchers from the Swinburne University of Technology are exploring the use of wave energy converters to absorb and reflect the damaging waves that hammer Australia’s vulnerable coastlines.

about 4 years ago
Hapag-Lloyd
Market Outlooks

Hapag-Lloyd sets up new Southern China – Northern Europe service

Driven by increased demand, German container shipping major Hapag-Lloyd is launching a new service that will link Southern China with Northern Europe.

about 4 years ago
T&E
Market Outlooks

Quarter of European shipping to be fossil gas-powered by 2030 if EU doesn’t act timely

A quarter of Europe’s shipping will be fossil gas-powered by 2030 as ”misguided EU sustainability targets” encourage uptake of LNG, a new Transport & Environment (T&E) study shows.

about 4 years ago
Attender
Market Outlooks

Maritime tech firm Attender buys IT firm Spoolify

Rhode Island-based maritime tech firm Attender has decided to acquire Singapore-based digital business Spoolify.

about 4 years ago
JAXPORT
Market Outlooks

Ceres to invest $60 million in JAXPORT container terminal

North American terminal operator Ceres will invest millions to modernize a 158-acre container terminal that connects Jacksonville to destinations in Asia and South America.

about 4 years ago
CalWave's team working on the deployment of x1 wave energy prototype (Courtesy of CalWave Power Technologies)
Market Outlooks

U.S. wave energy start-up seeks fresh talent

The U.S.-based wave energy start-up CalWave Power Technologies is looking to bolster its engineering ranks with several positions open for new talent.

about 4 years ago
One of TEAMER program’s facilities – The University of Maine’s Advanced Structures and Composites Center (Courtesy of TEAMER)
Market Outlooks

TEAMER opens sixth call for marine energy testing

The Testing Expertise and Access for Marine Energy Research (TEAMER) program, supported by the U.S. Department of Energy (DOE), has opened its sixth call for applications for marine energy developers.

about 4 years ago
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