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Market Outlooks

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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 1 year 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year 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 1 year ago
Illustrated map of USA featuring potential carbon capture and storage infrastructure
Market Outlooks

Trust issues preventing US CCS industry from hitting full throttle in net-zero race, report warns

In the latest edition of a paper series examining the role of trust in the race to achieving net zero by using carbon capture and storage (CCS) in the United States, Australia’s engineering company Worley and researchers at Princeton University have found that distrust between stakeholders is one of

about 1 year ago
New report sheds light on hydrogen and wind-assisted propulsion
Market Outlooks

New report sheds light on hydrogen and wind-assisted propulsion

The ABS-led consortium has delivered a 360-degree analysis of hydrogen as a marine fuel and wind-assisted propulsion as the latest in a series of reports studying alternative fuels and decarbonization technologies for the European Maritime Safety Agency (EMSA).

about 1 year ago
Potential turbine by Nova Innovation
Market Outlooks

Industry welcomes boost to tidal stream projects following latest UK renewables auction results

Key industry players have welcomed the recent UK renewables auction results, where six tidal stream projects secured contracts, viewing it as a strong endorsement of the tidal energy sector’s growth. Five developers secured contracts to develop a total of 28 MW of tidal stream energy across the UK.

about 1 year ago
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