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Market Outlooks

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Northern Lights project - Equinor
Market Outlooks

Equinor shareholders to vote on energy transition plan

Equinor has informed that, starting in 2021, it will submit its energy transition plan for advisory vote to shareholders.

about 5 years ago
ONE
Market Outlooks

ONE maps sustainability pathway

Singapore-based Ocean Network Express (ONE) has become the latest container shipping company to integrate sustainability into its business strategy.

about 5 years ago
World Bank
Market Outlooks

World Bank: Ammonia, hydrogen are the most promising zero-carbon marine fuels

Ammonia and hydrogen are zero-carbon bunker fuels that are most likely to be major contributors to shipping’s decarbonized future, a new series of report released by the World Bank reveals.

about 5 years ago
Damen
Market Outlooks

Damen, Purus Marine partner up to finance green ships

Dutch Damen Shipyards Group has partnered up with Purus Marine, a newly formed, environmentally focused maritime vessel and infrastructure company, to finance green shipping projects.

about 5 years ago
Wärtsilä
Market Outlooks

Wärtsilä closes record-breaking year with scrubber order at JMU

Wärtsilä saw a record-breaking amount of scrubber deliveries in 2020 despite the COVID-19 pandemic. The company highlights the continued interest in exhaust gas abatement systems as long-term solutions for the global fleet.

about 5 years ago
Photo of Verdant Power’s tidal turbines ahead of installation in New York City (Courtesy of Verdant Power)
Market Outlooks

USA: Marine energy industry targets 1GW of deployments by 2035

With marine energy on the cusp of significant growth, the National Hydropower Association has unveiled new industry deployment targets of 50MW by 2025, 500MW by 2030, and 1GW by 2035.

about 5 years ago
Rhenus
Market Outlooks

Rhenus takes major stake in Arkon Shipping & Projects

Germany-based short-sea shipping company Rhenus Maritime Services acquired 60 per cent of the shares in compatriot ship and project consignment manager, Arkon Shipping & Projects, in March 2021.

about 5 years ago
Optimarin
Market Outlooks

Optimarin enjoys BWTS order spree

Norway-based ballast water treatment (BWT) specialist Optimarin has seen its best-ever start to a year, with the company signing a series of fleet contracts, frame agreements and system orders to continue the positive trend recorded in Q4 2020.

about 5 years ago
Top dogs of South Korean shipbuilding industry eye carbon neutrality by 2050
Market Outlooks

Top dogs of South Korean shipbuilding industry eye carbon neutrality by 2050

The top six South Korean shipbuilding majors have set sights on achieving carbon neutrality in the sector by 2050, thus joining the global decarbonization push. Namely, representatives of Samsung Heavy Industries (SHI), Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries, Hyund

about 5 years ago
Illustration (Kraken Robotics)
Market Outlooks

Kraken Robotics outlines plans to acquire subsea services company

Canadian marine technology company Kraken Robotics has entered into a non-binding letter of intent (LOI) to acquire 3D acoustic imaging specialist PanGeo Subsea.

about 5 years ago
Illustration (Courtesy of Dutch Offshore Contractors)
Market Outlooks

Dutch Offshore Contractors sets up dedicated subsea cable business unit

Dutch Offshore Contractors (DOC) has reorganized its growing subsea cable activities into a new dedicated business unit named DOC Cable Solutions.

about 5 years ago
Navios Partners
Market Outlooks

Navios Partners wraps up Navios Containers acquisition

Dry cargo vessel owner and operator Navios Maritime Partners has completed the acquisition of container shipping company Navios Maritime Containers.

about 5 years ago
Meyer Werft
Market Outlooks

Meyer Werft wins rare cruise ship order from Japan

Japanese cruise shipping company NYK Cruises, part of the NYK Group, has ordered an LNG-powered 51,950 GT cruise ship from German shipbuilder Meyer Werft.

about 5 years ago
International Seaways
Market Outlooks

International Seaways, Diamond S create 2nd largest US-listed tanker company

New York-based tanker company International Seaways (INSW) has decided to merge with Greenwich-based energy shipping company Diamond S Shipping.

about 5 years ago
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