The corona pandemic has further exposed the vulnerabilities of the German and EU shipbuilding sectors, which have already been under massive pressure from the Asian competition. Specifically, German shipbuilders have been predominantly active in the cruise shipbuilding and large yacht building secto
Valaris has completed its financial restructuring, emerging from the Chapter 11 bankruptcy and eliminating $7.1 billion of debt.
With the global installed offshore wind capacity expected to exceed 250 GW by 2030, the combined capital and operational expenditure (capex and opex) for the decade is set to reach $810 billion (approx. €670.2 billion), signaling an increasing shift of investments from oil and gas to renewable energ
Scandinavian Biogas Fuels International AB has decided to invest approximately NOK 170 million (about $20.7 million) in a liquid biogas plant (LBG) in Skogn, outside Trondheim, Norway.
Over the past few years, and especially in 2020, new geographical areas have been getting onto the offshore wind map and are likely to have their first projects up and running in the next decade, or the time leading up to 2050 – when renewable energy and other energy transition developments should b
On 21 April, the European Commission adopted a “sustainable finance” package to help improve the flow of money towards sustainable activities across the European Union.
More than 25% of the active tanker fleet, i.e., one quarter, is set to reach 20 years of age by 2023, creating quite a scrapping candidate list going forward. Data from VesselsValue shows that of the 13, 211 tankers in its data base, including small tankers, over 3,000 are 20 years old and older. Co
German container shipping major Hapag-Lloyd reduced its sulphur-oxide emissions by roughly 70 per cent in 2020 compared to 2019, a newly released report shows.
Offshore wind energy projects final investment decisions (FIDs) will grow 57 per cent in the next 18 months, compared to the 2019-20 period, according to a new analysis from Westwood Global Energy Group. The global analysis, excluding mainland China, states that the FIDs growth represents an additio
Industry heavyweight A.P. Møller – Mærsk A/S has lifted market guidance for the full year of 2021 citing an exceptional market situation in the container shipping sector. The company is now forecasting an underlying EBITDA in the range of $13-15bn from the previously guided $8.5-10.5bn and underlyin
Hydrogen has been assigned a major role in the maritime decarbonization puzzle, as it promises to be a cost-effective green alternative for large ocean-going vessels. “Hydrogen and Fuel Cells (FCs) for maritime transport have been demonstrated in numerous pilot vessels over the last two decades. Rec
During the year in which the effects of the Coronavirus pandemic were felt across the globe, creating a worst economic situation since the great depression, Asian LNG markets have shown great resilience.
The use of fossil fuels in the shipping industry will need to be banned in the latter half of the decade if the industry is to meet its decarbonization efforts, a study by MAN Energy Solutions shows. The study, carried out in partnership with the Fraunhofer Institute for Systems and Innovation Resea
Rystad Energy has downgraded its peak oil demand forecast to 101.6 million bpd in 2026 as a result of electrification in transport.
