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Market Outlooks

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18 companies unite for joint industry partnership to accelerate CCUS projects
Market Outlooks

18 companies unite in joint industry partnership to accelerate CCUS projects

Consulting and engineering firm Wood has established and is leading a joint industry partnership (JIP) to accelerate carbon capture, utilization, and storage (CCUS) projects through the creation of industry guidelines for CO2 specifications. Wood set up the JIP to collate industry research and the e

about 1 year ago
smooth transition
Market Outlooks

Smooth transition to zero-carbon fuels is closer to reality, report says

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The maritime industry is inching closer to achieving a sustainable transition to zero-carbon fuels, thanks to improvements in ship readiness and fuel handling technologies, as detailed in Lloyd’s Register’s (LR) Maritime Decarbonization Hub’s latest Zero Carbon Fuel Monitor (ZCFM) report. Report ove

about 1 year ago
A large vessel at sea
Market Outlooks

Despite upturn in renewables, fossil fuels accounted for lion’s share of 2023 global energy demand, Eni report finds

Italian energy giant Eni has published the 23rd edition of its global energy statistical review, the World Energy Review (WER). In line with the trends registered over the past few decades, the report identifies a stable growth in global primary energy consumption, with fossil fuels making up four-f

about 1 year ago
global bulker fleet
Market Outlooks

Global bulker fleet ‘slows down’ in response to decarbonization regulations, new research says

Amid growing global calls for achieving climate neutrality, the bulk carrier sector is seeing a downturn in average speeds, resulting in a decrease of 2.5% in carbon emissions since the beginning of 2021, a new white paper published by Veson Nautical, a London-based provider of maritime freight mana

about 1 year ago
fuel
Market Outlooks

LR: Fuel quality continues to be ‘critical issue’ for shipping industry

Ongoing concerns around fuel quality are still a critical factor and significant expense for the maritime industry, class society Lloyd’s Register (LR) said in a new report.

about 1 year ago
Potential turbine by Nova Innovation
Market Outlooks

Report warns ‘business as usual’ will not decarbonize UK by 2050

A consortium of ten universities, led by the University of Plymouth, is warning that urgent action is required for the UK to meet its 2050 Net Zero target, with significant acceleration needed in tidal, wave, and offshore wind energy growth. The latest report, ORE Outlook 2040, from the Supergen Of

about 1 year ago
e-fuel
Market Outlooks

E-fuels set to power next ZEMBA tender, but supply challenges loom

E-fuel-powered container shipping services could be ready for commercial deployment by the year 2027, a new report by the Zero Emission Maritime Buyers Alliance (ZEMBA) and the UK-based classification society Lloyd’s Register’s (LR) Maritime Decarbonisation Hub has projected. As informed, the report

about 1 year ago
CSA
Market Outlooks

Interview with Clean Shipping Alliance: Authorities banning scrubbers have no ‘hard’ evidence of environmental harm

“To scrub, or not to scrub” has been an ongoing debate in the maritime industry, especially following the entry into force of the 2020 sulphur cap. Many ports and countries have decided to ban open-loop scrubber discharges within their territorial waters, although there are no uniform regional or gl

about 1 year ago
Hapag-Lloyd
Market Outlooks

Hapag-Lloyd orders LNG dual-fuel containership fleet

Germany-based container shipping major Hapag-Lloyd has placed orders for up to thirty liquefied natural gas (LNG) dual-fuel container vessels in China.

about 1 year ago
Mersey Tidal barrage
Market Outlooks

Formal planning process for UK tidal scheme starts, with public consultations following

Liverpool City Region Mayor has unveiled that the first public consultation for the Mersey Tidal Power project started just days after the formal planning process was initiated. This six-week consultation allows the public and local organizations to review and comment on the project’s early proposal

about 1 year ago
Illustration; Source: TotalEnergies
Market Outlooks

TotalEnergies empowering oil & gas and renewables arsenal with up to $90 billion by 2030 as LNG remains crown jewel of its multi-energy mission

TotalEnergies is continuing to push forward its multi-energy strategy as it works on balancing the transition to low-carbon and green sources of supply and the attempts to fortify energy security scales.

about 2 years ago
Australia's light blue beach representing an Indigenous-led research report that has proposed a cultural license to operate (CLO) framework to help industries collaborate with First Nations
Market Outlooks

Australian research institutions set seven recommendations for advancement of wave energy industry

The Blue Economy Cooperative Research Centre (CRC) has unveiled a report, led by the University of Western Australia, outlining seven key recommendations to drive the advancement of Australia’s wave energy industry. According to Blue Economy CRC, wave energy could boost Australia’s AUD 118 billion (

about 2 years ago
Net-zero goal at risk as shipping falls short of green fuel target by 2030, report warns
Market Outlooks

Net-zero goal at risk as shipping falls short of green fuel target by 2030, report warns

The global shipping industry is not on track to meet the target of having zero-emission fuels account for 5% of all fuels by 2030, jeopardizing its ambition of hitting net-zero emissions by 2050, a new report shows.

about 2 years ago
Digitalization is one of the growing decarbonization trends, which helps curb the vessels' greenhouse gas (GHG) emissions footprint; Source: Opsealog
Market Outlooks

Interview with Opsealog: Power of digitalization levels up vessels’ energy efficiency game as shipping regulations tighten their grip on fleets’ emissions

France’s Opsealog paints a picture of the offshore supply vessel (OSV) future rich with evolving technologies, a blossoming array of propulsion tools, and decarbonization gains.

12 minutes read