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Market Outlooks

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NKT nearing finish line for its Swedish expansion project
Market Outlooks

NKT nearing finish line for its Swedish expansion project

Denmark-headquartered power cable manufacturer and installation firm NKT is nearing completion of its expansion project in Alingsås, Sweden, with access to the test hall and new buildings set for next month. NKT announced it was expanding its operations in Alingsås to boost the production capacity o

about 1 year ago
Europe likely to miss its 2030 renewable hydrogen targets, ACER says
Market Outlooks

Europe likely to miss its 2030 renewable hydrogen targets, ACER says

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Hydrogen projects face risks from uncertainties of future hydrogen demand and high costs, and the EU is likely to miss the 2030 strategic goal of 20 Mt renewable hydrogen consumption, according to a hydrogen monitoring report from the European Union Agency for the Cooperation of Energy Regulators (A

about 1 year ago
Green shipping corridors
Market Outlooks

Green shipping corridors surge by 40% worldwide, report reveals

Green shipping corridors – specific trade routes where the feasibility of zero-emission shipping is catalyzed by public and private action – have rapidly expanded in popularity worldwide but progress could stall without urgent action from governments to overcome a “feasibility wall”, according to a

about 1 year ago
Houlder
Market Outlooks

Houlder: Shipowners navigate through unclear waters amid shipping’s energy transition

Shipowners worldwide see uncertainty as a major barrier to shipping’s energy transition, with tightening regulations forcing decisions despite unclear policy pathways, a survey done by the UK’s design and engineering consultancy Houlder showed. As disclosed, two years after its previous interviews,

about 1 year ago
An aerial photo of the exhibition floor at Offshore Energy Exhibition & Conference 2023
Market Outlooks

One week to go: 400+ exhibitors from offshore energy industry to gather in Amsterdam

The following is a press release from Navingo BV, the owner of Offshore-Energy.biz and organizer of the annual Offshore Energy Exhibition & Conference (OEEC). More than 400 exhibitors and co-exhibitors booked their spots at OEEC 2024 Businesses and organizations from across the offshore energy secto

about 1 year ago
DNV: Maritime appetite for cyber risk higher than other key industries
Market Outlooks

DNV: Maritime appetite for cyber risk higher than other key industries

The maritime sector’s appetite to take on emerging risks arising from digital transformation is notably higher than other critical infrastructure industries including energy, manufacturing and healthcare, according to a new report published by the classification society DNV.

about 1 year ago
emissions
Market Outlooks

Int’l shipping emissions surge amid weak energy efficiency improvements, report says

There has been an increasing trend in international shipping emissions in stark contrast to the International Maritime Organization’s (IMO) objectives to achieve absolute emission reductions of 20-30% by 2030, on 2008 emissions levels, a new report found.

about 1 year ago
Ports to play part in development of green hydrogen in Africa, UNCTAD says
Market Outlooks

Ports to play part in development of green hydrogen in Africa, UNCTAD says

Ports could play a variety of roles in the hydrogen economy of Africa, such as acting as landlords by providing land for the hydrogen economy and investing in infrastructure, including pipelines, terminals and fuel stations, according to UN Trade and Development (UNCTAD).

about 1 year ago
UNCTAD
Market Outlooks

UNCTAD: Climate and trade shifts threaten maritime stability in Latin America and the Caribbean

The maritime sector in Latin America and the Caribbean is facing unprecedented challenges as climate disruptions, freight rate volatility, and connectivity issues deepen trade inequalities, especially for small island developing states (SIDS), the United Nations Conference on Trade and Development (

about 1 year ago
Core Power
Market Outlooks

Nuclear-derived e-fuels could shape the future of sustainable shipping

The maritime industry’s transition to net-zero emissions will require more than alternative fuels—it demands a rethinking of the energy systems that support fuel production, a new white paper stressed.

about 1 year ago
Ursula von der Leyen, President of the European Commission; Image credit: World Economic Forum
Market Outlooks

Von der Leyen: Investment in European hydrogen to grow by 140% in 2024

Investment in European hydrogen is set to grow by 140% in 2024, according to European Commission President Ursula von der Leyen.

about 1 year ago
Final preparations for OEEC 2024 underway
Market Outlooks

Final preparations for OEEC 2024 underway

Offshore Energy Exhibition & Conference 2024 (OEEC 2024) is coming up this month. Work on the event is at full steam at Navingo (the company behind OEEC and Offshore-Energy.biz brands) with final tweaks and preparations underway. The exhibition floor has been almost completely booked and visitors ar

about 1 year ago
STAX Engineering
Market Outlooks

EU called to unlock investments in production of clean maritime fuels

Clean Maritime Fuels Platform, an industry initiative aiming to enhance communication between the shipping sector and fuel producers, has called on policymakers to create regulatory conditions to unlock investments in the production of clean maritime fuels in the EU.

about 1 year ago
Call for Interest launched for Europe’s first major hydrogen corridor
Market Outlooks

Call for Interest launched for Europe’s first major hydrogen corridor

Five European transmission system operators (TSOs) involved in the H2med project, the first European major hydrogen corridor, have launched a non-binding Call for Interest to identify the needs of future infrastructure users along the corridor. The Call of Interest was officially opened today (Novem

about 1 year ago