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Market Outlooks

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Clean FuelEnergy Efficiency & InnovationEnergy TransitionGreen MarineOutlook & StrategyTransitionFunding & RegulationHydrogenProductionTechnology & InnovationTransport & StorageValleys, Hubs & CorridorsAuthorities & GovernmentRegulation & PolicyRules & RegulationFossil EnergyLiquefied Natural GasOil & GasBusiness Developments & ProjectsOffshore WindTurbinesExploration & ProductionResearch & DevelopmentTechnologyMarine EnergyPolicy & FundingTidal & Wave EnergyAmmoniaMethanolPorts & InfrastructureInfrastructurePorts & LogisticsPropulsionSubseaCarbon Capture Usage & StorageEnvironmentVisionBusiness & Finance
Carbon insetting
Market Outlooks

Interview: Carbon insetting is applicable to all green fuels

As the maritime industry is looking for ways to reduce CO2 emissions and reach its ultimate goal of net zero, carbon insetting has emerged as a promising strategy. While some shipping companies have already pioneered carbon insetting, others still perceive it as uncharted territory.

about 2 years ago
Dawn of European hydrogen market – is EU doing enough to support it?
Market Outlooks

Dawn of European hydrogen market – is EU doing enough to support it?

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To support the development of the European hydrogen market, the European Union (EU) has, among other activities, adopted a regulation and a directive establishing internal market rules for hydrogen and started work on a pilot mechanism that aims to accelerate investments. However, major European hyd

about 2 years ago
Germany
Market Outlooks

Germany: Maritime suppliers see good results thanks to climate-neutral shipping projects

Maritime suppliers in Germany said they are satisfied with the 2023 financial year, with investments in climate-neutral shipping ensuring good capacity utilization.

about 2 years ago
FSRU Exquisite (for illustration purposes only); Source: Excelerate Energy
Market Outlooks

Rising LNG demand and energy security concerns pushing global FSRU market to grow by $891 million up to 2028

The global FSRU market size is forecast to increase in the 2024–2028 period, based on a report by U.S.-based market research firm Technavio.

about 2 years ago
US NREL: Offshore wind turbines offer path for clean hydrogen production
Market Outlooks

US NREL: Offshore wind turbines offer path for clean hydrogen production

Researchers at the U.S. National Renewable Energy Laboratory (NREL) have found that using electricity generated by offshore wind turbines to split water to produce clean hydrogen may make economic sense, particularly along the U.S. Atlantic Coast and in the Gulf of Mexico.

about 2 years ago
Wales sees ‘significant slowdown’ in marine energy spending
Market Outlooks

Wales sees ‘significant slowdown’ in marine energy spending

Wales’ marine renewable energy sector delivered £29.9 million to the Welsh economy during the 2023 / 24 financial year, a significant slowdown in spending compared to last year’s total of £103.4 million, according to a report by Marine Energy Wales. The decline is thought to be down to the conclusio

about 2 years ago
Illustration; Source: The International Renewable Energy Agency (IRENA)
Market Outlooks

IRENA: Tripling renewables by 2030 requires higher annual growth rate

IRENA has released Renewable Energy Statistics 2024 which claims that despite renewables becoming the fastest-growing source of power, the world risks missing the tripling renewables target pledged at COP28.

about 2 years ago
fatal accident
Market Outlooks

Brazil set to become sustainable ship recycling hub

Brazil is poised to become a significant player in the global ship recycling market, the NGO Shipbreaking Platform said.

about 2 years ago
Port of Singapore
Market Outlooks

Port of Singapore sees spike in demand for green fuels

The Port of Singapore, the world’s busiest transshipment hub and largest bunkering port, reported a growing demand for greener fuels in 2023 as it continues streamlining efforts towards a multi-fuel future.

about 2 years ago
propulsion
Market Outlooks

Nuclear propulsion brings emissions-free, longer-lived ships into play

The rise of small modular reactors (SMRs) points to a step change for nuclear applications in shipping if regulatory hurdles can be overcome, classification society Lloyd’s Register said in a new report.

about 2 years ago
Schulte
Market Outlooks

Schulte Group launches new firm for ship emissions management

Germany’s maritime solutions provider Schulte Group has established Ocean Opt, a new company that will serve as a one-stop solution for emissions management for ship managers, owners and charterers.

about 2 years ago
Canada
Market Outlooks

New clean economy legislation to propel Canada’s net zero by 2050 goal

The Government of Canada has passed into law the first four Clean Economy Investment Tax Credits (ITCs), set to attract investment, boost innovation, create jobs, and steer the nation’s economy towards achieving net-zero emissions by 2050.

about 2 years ago
Illustration; Source: Westwood
Market Outlooks

Namibia’s discoveries seen as silver lining: Global drilling costs up but exploration success rate down

High-impact exploration average discovery size is declining while costs have risen for the fifth consecutive year.

about 2 years ago
Shipping
Market Outlooks

MMMCZCS: Dual-fuel ships are future-proof ships

By investing in a dual fuel vessel and using e-fuels, companies that comply with FuelEU and ETS can save up to 10% in total costs of ownership (TCO) over a ship’s lifetime compared to conventional engines burning fossil fuels, according to the latest findings of the Mærsk Mc-Kinney Møller Center for

about 2 years ago