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Market Outlooks

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ICS: 411 new hydrogen ships needed to meet future hydrogen demand
Market Outlooks

ICS: 411 new hydrogen ships needed to meet future hydrogen demand

To meet 30 million tonnes of annual global green hydrogen demand, the world would require 411 new hydrogen vessels, according to a new report published by the International Chamber of Shipping (ICS).

about 2 years ago
WAPS
Market Outlooks

Shipping industry nears 100-installation milestone of wind propulsion systems

The application of WAPS across a variety of vessel types is nearing a tipping point with deployment likely to increase rapidly, LR said.

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about 2 years ago
LNG vessel surrounded by four tugboats approaching a jetty
Market Outlooks

Demand boost prompts calls for more gas production and fewer exports in Western Australia

Australian Energy Producers (AEP), representing the country’s upstream oil and gas exploration and production industry, is set on working with the government of Western Australia (WA) to find the best way forward following an inquiry into the state’s domestic gas policy by the Western Australian Par

about 2 years ago
sails
Market Outlooks

Op-ed: The digital age of sails

In shipping’s modern age, harnessing wind power is as much about adopting solutions like weather routing and voyage optimisation as it is about the physical wind-assisted propulsion system (WAPS) itself.

about 2 years ago
Slow-developing e-fuel market prompts Ørsted to terminate FlagshipONE project
Market Outlooks

Slow-developing e-fuel market prompts Ørsted to terminate FlagshipONE project

Ørsted decided to cease the development of commercial-scale e-Methanol facility under construction, the FlagshipONE project in Sweden.

about 2 years ago
Yang Ming
Market Outlooks

Yang Ming on track to have energy-efficient fleet

Despite prolonged disruptions in the container shipping industry, Taiwanese shipping company Yang Ming has reported a profitable second quarter of 2024 and unveiled further ship acquisitions to meet its emission reduction targets.

about 2 years ago
Cruise
Market Outlooks

As cruise ships swell in size, carbon emissions follow suit

The increase in cruise ship sizes and the rapid growth in cruise holidays comes at a significant environmental cost, a new report published by Transport & Environment (T&E) shows. The world’s biggest cruise ships are now twice as big as they were in 2000. If they continue to grow at this rate, the b

about 2 years ago
CPLP cleared to shift focus to LNG carriers and energy transition business
Market Outlooks

CPLP cleared to shift focus to LNG carriers and energy transition business

CPLP has secured approval of corporate conversion and name change as it plans strategic pivot to the LNG and energy transition business.

about 2 years ago
Thriving through energy transition, Woodside acquires OCI’s lower carbon ammonia project
Market Outlooks

Thriving through energy transition, Woodside acquires OCI’s lower carbon ammonia project

Woodside signed a binding agreement to acquire 100% of OCI Clean Ammonia Holding and its lower carbon ammonia project in Beaumont, Texas.

about 2 years ago
NYK: Cost reduction is the most important factor in promoting CCS
Market Outlooks

NYK: Cost reduction is the most important factor in promoting CCS

Reducing the costs of marine transportation in the CCS value chain is seen as the most important factor in promoting CCS by Japan’s NYK.

about 2 years ago
Shipping to play key role in enabling hydrogen economy, report says
Market Outlooks

Shipping to play key role in enabling hydrogen economy, report says

Shipping can play a key role as an enabler of the hydrogen economy, according to a new report, presented by the International Chamber of Shipping (ICS).

about 2 years ago
Ocean Apex rig; Source: Diamond Offshore
Market Outlooks

Noble-Diamond Offshore merger process is off to a good start: Will it prompt further rig market consolidation moves?

With two of the world’s top five floating rig contractors merging into one, the market consolidation trend is ripe for further such moves, bringing the possibility of transformation endeavors in existing business models and a potential shift in offshore rig supply and demand dynamics.

about 2 years ago
Interview with Rovco CEO: New technologies can close huge offshore wind skills gap
Market Outlooks

Interview with Rovco CEO: New technologies can close huge offshore wind skills gap

New technologies have the ability to massively close the huge skills gap and shortage of workers that is looming over the offshore wind industry, allowing 10 to 17 times more work to be done by one person, according to Brian Allen, CEO of Rovco, a UK company focused on automating offshore wind servi

about 2 years ago
Germany approves import strategy for hydrogen and its derivatives
Market Outlooks

Germany approves import strategy for hydrogen and its derivatives

German Federal Cabinet has approved the import strategy for hydrogen and hydrogen derivatives.

about 2 years ago