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Market Outlooks

Trump presidency 2.0 will likely disrupt container shipping industry

Donald Trump’s victory in the 2024 US presidential election is a ‘step in the wrong direction’ for international trade as importers fear another spike in ocean container shipping freight rates, according to ocean and air freight rate benchmarking and market intelligence platform Xeneta.

about 1 year ago

Market Outlooks

Finnlines readies to pick builder of three new green fueled RoPaxes

Finnish shipping company Finnlines revealed it is in the process of shipbuilder selection after which the construction of a new green fueled roll-on/roll-off passenger (RoPax) fleet will proceed.

about 1 year ago

Market Outlooks

New study highlights hydrogen opportunities for UK companies in Australia

A new report from global energy consultancy Xodus has emphasized the opportunity for hydrogen development in Australia and the chance for UK companies to export their products and services.

about 1 year ago

Market Outlooks

BIMCO: Containership deliveries hit new annual record

Ten months into 2024, shipyards’ deliveries of containerships have reached a new annual record, according to the shipping association BIMCO.

about 1 year ago

Market Outlooks

WSC: New EU transport commissioner to play pivotal role in shipping’s decarbonization

The World Shipping Council (WSC), the voice of liner shipping, said that the designated European Commissioner for Sustainable Transport and Tourism, Apostolos Tzitzikostas, will have a key role in securing supply chains and decarbonizing the shipping sector. In a media release issued on November 5,

about 1 year ago

An engineer wearing safety harness onboard a vessel

Market Outlooks

Younger generations key to securing energy sector’s future and tackling skills deficit, report suggests

As part of its My Energy Future initiative, the global non-profit safety and skills body for the energy industry OPITO has published a report on barriers preventing young people from entering the energy sector to glean insights into the steps stakeholders might take to make the industry more appeali

about 1 year ago

Market Outlooks

Panama Canal reaffirms commitment to a greener future

The Panama Canal Authority (ACP) has presented initiatives under development that would help ACP achieve the goal of becoming a carbon-neutral maritime route by 2050.

about 1 year ago

Terry Allan, CEO at nexos; Source: nexos

Market Outlooks

Op-ed: Different rules, same game – Thinking differently about UK’s energy future

Terry Allan, CEO of Aberdeen-headquartered nexos, delves into the intricate complexities of the energy industry’s version of a high-stakes poker game in the United Kingdom (UK).

about 1 year ago

Market Outlooks

BV: Regulatory barriers impede widespread uptake of wind propulsion

Despite the promising progress of wind propulsion in shipping, its uptake remains hindered by regulatory barriers, technical challenges, and a lack of confidence among industry stakeholders, classification society Bureau Veritas (BV) said in a recent report.

about 1 year ago

Market Outlooks

Viridien and SLB’s first Australian partnership looks into exploration and carbon storage potential

France-based geophysical services company Viridien, formerly known as CGG, and American oilfield services company SLB have partnered for the first time in Australia to gather data into the exploration and carbon storage potential of the Bonaparte Basin. Viridien reported on October 24 that the partn

about 1 year ago

Market Outlooks

The dawn of the Fifth Industrial Revolution in shipping is here

The shipping industry is currently undergoing a transformation shaped by innovations in naval architecture, green technology and digital technology, all enabling a new industrial revolution, according to Christopher J. Wiernicki, Chairman and CEO of class society ABS.

about 1 year ago

A panel session at Offshore Energy Exhibition & Conference 2023 in Amsterdam

Market Outlooks

OEEC 2024: A lot to talk about

In a little more than five years, renewable energy targets set for 2030 will come knocking on the door. Whether they will be reached, missed or overshot, depends on multiple factors, most of which concern policymakers and the energy sector itself. At the end of 2023, the EU increased the binding ren

about 1 year ago

Market Outlooks

TGS sees record-high OBN contract activity following merger with PGS

Norway-based energy data and intelligence company TGS has reported record-high ocean bottom node (OBN) contract activity in the third quarter of 2024, the first quarter including PGS, with the utilization of its streamer fleet improving on high bid activity. In Q3 2024, TGS said that the activity le

about 1 year ago

Ocean Onyx semi-submersible rig; Source: Noble

Market Outlooks

Noble anticipates step-up in floater rig demand as deepwater oil & gas plays become ‘critical’ to global energy security

Noble Corporation is expecting a ramp-up in drilling demand for the floater fleet from late 2025 and 2026, which will spur further rig reactivations, as it perceives the oil and gas production from deepwater reservoirs as an important factor in the global security of energy supply.

about 1 year ago