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Market Outlooks

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methanol
Market Outlooks

Navigating change: FuelEU, EU ETS could propel bio- and e-methanol into the marine fuel spotlight

The EU’s FuelEU Maritime and the EU Emissions Trading System (EU ETS) could create a level playing field for bio- and e-methanol, making eco-friendly fuels economically competitive compared to fossil marine fuels, a new white paper by the trade association Methanol Institute suggests. With significa

about 2 years ago
Norway’s TECO 2030 sets sights on becoming global technology provider
Market Outlooks

Norway’s TECO 2030 sets sights on becoming global technology provider

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Norway-based cleantech company TECO 2030 has decided to make a strategic shift from manufacturing fuel cells in Norway to positioning the company as a global technology provider by offering licensing agreements to international partners. TECO explained that this decision reflects its commitment to g

about 2 years ago
clean fuels
Market Outlooks

European shipowners: Shipping should be given ‘priority access’ to clean fuels

Reflecting on the recently published Draghi report, European Community Shipowners’ Associations (ECSA) have presented in a position paper their recommendations to support the uptake of clean fuels in shipping.

about 2 years ago
LR
Market Outlooks

Regulatory framework is vital for accelerated adoption of MASS, new report says

The widespread adoption of maritime autonomous surface ships (MASS) into global shipping hinges on a ‘robust’ regulatory framework and a ‘human-centric’ international collaboration, a new joint report by UK-based classification society Lloyd’s Register and Japan’s shipping giant Mitsui O.S.K. Lines

about 2 years ago
CLdN seals order for 10 new fuel-efficient container carriers in a ‘decisive step’ to expand into LoLo segment
Market Outlooks

CLdN seals order for 10 new fuel-efficient container carriers in a ‘decisive step’ to expand into LoLo segment

Luxembourg-based shipping group CLdN has firmed up an order for ten newbuild fuel-efficient load-on / load-off (LoLo) container vessels as part of its expansion in the LoLo segment within its container carrier fleet. The new ships will be built by HD Hyundai Mipo in Ulsan, South Korea, and have a ca

about 2 years ago
Schoeller Holdings and DOS order four future-ready CSOVs for offshore wind, offshore energy markets
Market Outlooks

Schoeller Holdings and DOS order four future-ready CSOVs for offshore wind, offshore energy markets

A joint venture (JV) between Schoeller Holdings and Deutsche Offshore Schifffahrt (DOS) has ordered four commissioning service operation vessels (C-CSOVs) for deployment in the offshore wind and other segments of the offshore energy sector, marking its entry into the market which is, according to Ph

about 2 years ago
Maersk
Market Outlooks

Maersk CEO: Global regulator must ensure price parity between green and fossil fuels

Vincent Clerc, CEO of Danish shipping and logistics giant Maersk, has reiterated the importance of introducing a global maritime fuel standard and a pricing mechanism that would reduce the existing price gap between green and fossil fuels.

about 2 years ago
Intercargo
Market Outlooks

INTERCARGO pushes for urgent CII reforms at MEPC 82

Ahead of the Marine Environment Protection Committee’s (MEPC 82) session, the International Association of Dry Cargo Shipowners (INTERCARGO) has submitted a series of proposals to the International Maritime Organization (IMO), calling for revisions of the Carbon Intensity Indicator (CII). INTERCARGO

about 2 years ago
Illustration; Source: Vallourec
Market Outlooks

Vallourec expands pipe coating services with acquisition of Brazillian firm

France’s tubular solutions provider Vallourec has entered into a definitive agreement with Mattr to acquire 100% of the shares in its subsidiary, Thermotite do Brasil, a provider of thermal insulation pipe coating services for the offshore oil and gas industry. Vallourec is acquiring Thermotite do B

about 2 years ago
Illustration; Source: BV
Market Outlooks

Closing ‘reality gap’ between net zero ambition and energy transition action requires US and EU to pull all decarbonization levers

McKinsey & Company, a global management consulting firm, highlights the need to up the climate action ante by scaling up interrelated low-emission and green technologies.

about 2 years ago
ICS: Protectionist policies heighten risks for shipping amid global geopolitical unrest
Market Outlooks

ICS: Protectionist policies heighten risks for shipping amid global geopolitical unrest

Protectionism represents a growing risk for the shipping decision-makers, driven by geopolitical instability, national energy security concerns, global and regional economic crises, and government-led manufacturing incentives favoring local production, a recent report shows.

about 2 years ago
MMMCZCS
Market Outlooks

IRENA: Renewable hydrogen sector to potentially reshape global energy trade

The renewable hydrogen sector could play a crucial role in reshaping global energy trade, creating opportunities for new players, including developing countries, a new IRENA report found.

about 2 years ago
Draghi Report: EU needs to secure shipping’s competitiveness by scaling up clean fuel production
Market Outlooks

Draghi Report: EU needs to secure shipping’s competitiveness by scaling up clean fuel production

Significant investments in green transition are needed for European shipping to remain competitive, a new report found.

about 2 years ago
HMM
Market Outlooks

HMM to acquire 70 green ships by 2030, invest billions in sustainable growth

South Korean shipping company HMM has unveiled a massive KRW 23.5 trillion (17.48 billion) investment in sustainable growth by 2030.

about 2 years ago