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Market Outlooks

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Energy Efficiency & InnovationEnergy TransitionGreen MarineOutlook & StrategyAlternative FuelsAmmoniaClean FuelCertification & ClassificationRegulation & PolicySafetyTransitionFossil EnergyLow-Carbon TransitionOil & GasAuthorities & GovernmentBusiness & FinanceBusiness Developments & ProjectsCarbon Capture Usage & StorageCollaborationEnvironmentInfrastructureVesselsCablingFPSO & VesselsGridOffshore WindSubseaVessels & VehiclesInnovationProject & TendersHydrogenPipesProduction & ProcessingStorageVisionMarine EnergyTidal & Wave EnergyEquipmentTechnologyMethanolResearch & DevelopmentOther FuelsTransport & Storage
BV
Market Outlooks

Op-ed: Sailing towards sustainability

Aude Leblanc, Technology Leader – Sustainable Shipping at Bureau Veritas Marine & Offshore (BV), delves into the dynamic landscape of wind propulsion for shipping and the intricate considerations surrounding its integration into vessel designs.

about 2 years ago
3D rendering of the Ammonia fuelled MGC, provided by Hyundai Mipo Dockyard
Market Outlooks

Lloyd’s Register: Safety is crucial for adoption of ammonia as marine fuel

A report by Lloyd’s Register has highlighted the need for an industry-wide understanding of the operational and safety challenges surrounding the use of ammonia as a marine fuel.

about 2 years ago
Wärtsilä
Market Outlooks

EU ETS and FuelEU Maritime to close price gap between green and fossil fuels, report finds

Sustainable shipping fuels could reach cost parity with fossil fuels as early as 2035 with the help of decisive emissions policy such as carbon taxes and emissions limits, according to a new report launched by Finnish technology group Wärtsilä.

about 2 years ago
Panama
Market Outlooks

It’s time for the rise of Global South in maritime decarbonization

So far, maritime decarbonization has been focused almost solely on the Global North rather than the Global South. In order to enable a just and equitable energy transition, policy makers and other maritime stakeholders would need to ensure that countries in the Global South are not omitted. This cou

about 2 years ago
Illustration; Source: ExxonMobil
Market Outlooks

ExxonMobil: Europe needs policy change not deindustrialization to be ‘attractive’ decarbonization playground

The president of ExxonMobil’s European arm is adamant that Europe needs industry to deliver the right set of climate tools and solutions.

about 2 years ago
IEA
Market Outlooks

IEA: Oil in transit reaches record highs due to shipping disruptions

Shipping disruptions through the Red Sea are pushing the amount of oil in transit to record levels, according to the latest International Energy Agency (IEA) Oil Market Report (OMR).

about 2 years ago
Ulstein unveils new subsea vessel
Market Outlooks

Ulstein unveils new subsea vessel

Norwegian shipbuilder and ship designer Ulstein has developed a new subsea vessel for floating and fixed installations in the offshore wind market, as well as for offshore oil & gas. Ulstein said that the SX232 is based on three core principles, including an optimized hull design based on the Ulstei

about 2 years ago
BP, Equinor and TotalEnergies pick 9 contractors for UK's 'vital' decarbonization projects
Market Outlooks

BP, Equinor and TotalEnergies pick 9 contractors for UK’s two ‘vital’ decarbonization projects

BP, Equinor and TotalEnergies have selected nine contractors for engineering, procurement, and construction contracts, with a combined value of around £4 billion, for two projects being developed in Teesside that are said to be vital for the UK’s decarbonization journey. Net Zero Teesside Power (NZT

about 2 years ago
Maersk CEO
Market Outlooks

Maersk CEO shares three imperatives for shipping’s decarbonization to succeed

Ahead of the key global event that will decide the pace of shipping’s decarbonization, Vincent Clerc, CEO of Danish shipping and logistics giant A.P. Moller – Maersk, has highlighted three imperatives that will be crucial if the maritime industry wants to meet ambitious emission reduction targets.

about 2 years ago
costs
Market Outlooks

Shipping’s EU ETS costs could nearly triple due to Red Sea crisis, OceanScore says

The Red Sea shipping crisis could result in nearly tripled costs for shipping companies in 2024 due to significantly higher exposure to the EU Emission Trading System (EU ETS).

about 2 years ago
ORE Catapult: 10 technology innovations key to 80% cost reduction of UK tidal energy
Market Outlooks

ORE Catapult: 10 technology innovations key to 80% cost reduction of UK tidal energy

A new report by the Offshore Renewable Energy (ORE) Catapult has identified ten technology innovations, subsea hubs among others, that could result in an 80% cost reduction in tidal stream energy, making it lower than current nuclear energy prices if successfully commercialized. The ten technology i

about 2 years ago
methanol
Market Outlooks

Retrofitting passenger ships with methanol is less attractive option, report finds

A full methanol retrofit for passenger ships is a less commercially attractive prospect than the use of blended fuels (Blend B30), heavy fuel oil (HFO), and heavy fuel oil equipped with onboard carbon capture and storage technology (oCCS), a new report from classification society Lloyd’s Register ha

about 2 years ago
Air Liquide and Vopak looking into ammonia and hydrogen infrastructure in Singapore
Market Outlooks

Air Liquide and Vopak looking into ammonia and hydrogen infrastructure in Singapore

Industrial gas supplier Air Liquide and infrastructure provider Vopak have joined forces to look into the development and operation of infrastructure for ammonia import, cracking, and hydrogen distribution in Singapore. The companies have formalized their intention through a memorandum of understand

about 2 years ago
BV
Market Outlooks

BV: Energy insetting key to providing pathways for ‘earliest possible’ adoption of new fuels

Classification society Bureau Veritas (BV) has unveiled the results of new modeling research which confirmed the potential hefty cumulative impact of operational and technical efficiency measures in keeping shipping within its “carbon budget” to 2050.

about 2 years ago
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