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Market Outlooks

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Visit to Nova Innovation’s Shetland tidal array control room (Courtesy of Nova Innovation)
Market Outlooks

Nova Innovation, SIMEC Atlantis join forces to turbo charge tidal energy industry

Scottish tidal energy companies Nova Innovation and SIMEC Atlantis Energy have entered into collaboration agreement with the goal of delivering more UK-built tidal turbines in the water, turbo charging the tidal industry.

about 4 years ago
Maersk
Market Outlooks

Maersk secures new terminal in Croatia for 24,000 TEU giants

Dutch container terminal operator APM Terminals, part of Maersk, and Croatian investor Energia Naturalis (ENNA) have signed a 50-year concession agreement for Rijeka Gateway, a joint venture container terminal between the two companies on the North Adriatic coast of Croatia.

about 4 years ago
World’s first liquid hydrogen bunkering facility for fuelling zero-emission ships revealed
Market Outlooks

World’s first liquid hydrogen bunkering facility for fuelling zero-emission ships revealed

Clean energy solutions provider Unitrove has unveiled the liquid hydrogen bunkering facility for fuelling zero-emission ships.

about 4 years ago
R&D investments to shape future of shipping
Market Outlooks

R&D investments to shape future of shipping

Shipping industry players have warned that lack of investment in developing green technologies is the biggest threat to achieving decarbonisation targets.

about 4 years ago
MPV Inyanga Enthsa with HydroWing system (Courtesy of HydroWing)
Market Outlooks

MPV Inyanga Entsha set for large-scale tidal energy deployments

Inyanga Maritime is developing a new dynamically-positioned (DP2) multi-purpose vessel (MPV) Inyanga Entsha that will be used to install HydroWing technology combined with Tocardo’s tidal turbines.

about 4 years ago
Illustration (Courtesy of OceanACT)
Market Outlooks

Five Portuguese institutions join forces for open sea testing of ocean technologies

Five Portuguese institutions – CEiiA, +ATLANTIC CoLAB, Fórum Oceano, INESC TEC, and WavEC – have have come together under the name of OceanACT to promote the testing of innovative ocean technologies in Portugal.

about 4 years ago
Safe Notos; Source: Prosafe
Market Outlooks

Highest fleet utilisation since 2019 nearly quadruples Prosafe revenues

Prosafe has achieved the highest quarterly fleet utilisation rate since 2019, nearly quadrupling its revenues when compared to 3Q last year.

about 4 years ago
Scottish Renewables urges govt to create support mechanism for wave and tidal energy
Market Outlooks

Scottish Renewables urges govt to create support mechanism for wave and tidal energy

Industry body Scottish Renewables has issued a publication outlining steps that the Scottish Government should take to reach the energy transition.

about 4 years ago
Matson
Market Outlooks

Matson unveils new environmental sustainability goals

US-based transportation and logistics company Matson has committed to reducing fleet greenhouse gas (GHG) emissions by 40 percent by 2030 and achieving net-zero fleet GHG emissions by 2050.

about 4 years ago
Maersk Interceptor jack-up rig
Market Outlooks

Maersk wins new gig for warm-stacked rig, boasts second-highest quarterly revenue since listing

Maersk Drilling has revealed a new contract award for one of its jack-up rigs as well as details on its quarterly financial performance.

about 4 years ago
Odfjell
Market Outlooks

Odfjell exits short-sea ship business

Norwegian shipping and tank terminal company Odfjell SE has entered into a sales agreement for the last three 9,000 dwt short-sea vessels that have operated in the company’s regional trade in Asia.

about 4 years ago
ICS: Shipping needs massive R&D investments to reach net-zero target
Market Outlooks

ICS: Shipping needs massive R&D investments to reach net-zero target

A report by the International Chamber of Shipping (ICS) and the environmental consulting company Ricardo has pointed out that massive scaling up of finance for research and development (R&D) is essential to achieve zero-carbon emissions by 2050 in the shipping industry.

about 4 years ago
Photo showing Sunseap’s offshore floating solar farm at Woodlands (Courtesy of Sunseap)
Market Outlooks

EDP Renewables invests in major Asian floating solar player

EDP Renewables (EDPR) has become a major shareholder in Singapore-based solar energy company Sunseap, having acquired the stake of 87.4% to reinforce its presence in the Asia-Pacific region.

about 4 years ago
Photo showing Nova Innovation’s M100-D tidal energy turbine (Courtesy of Nova Innovation)
Market Outlooks

Tidal stream power could supply 11% of UK’s electricity demand, study shows

New research led by the University of Plymouth has shown that tidal stream power has the potential to deliver 11% of the UK’s current annual electricity and play a significant role in the government’s drive for net-zero.

about 4 years ago
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