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Market Outlooks

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Illustration; Source: Chevron
Market Outlooks

Chevron: Diversity is the mother of all future energy mix formulas

Chevron is convinced that all energy sources will be needed in the future to meet the growing demand and ensure the security of supply.

about 2 years ago
Illustration: Source: Wood Mackenzie
Market Outlooks

WoodMac’s gas and LNG trends to watch in 2024

Aside from European gas prices being down 45%, Wood Mackenzie’s forecast indicates that flat global demand is on the horizon this year.

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about 2 years ago
Danish Shipping
Market Outlooks

Industry titans Maersk and Hapag-Lloyd forge operational cooperation deal

Container shipping industry giants Hapag-Lloyd and Maersk have signed an agreement for a new long-term operational collaboration called ”Gemini Cooperation”, which will start in February 2025. “Teaming up with Maersk will help us to further boost the quality we deliver to our customers. Additionally

about 2 years ago
Illustration; Source: Australian Energy Producers (former APPEA)
Market Outlooks

Woodside contributes to Australia’s gas strategy consultation to tackle offshore regulatory gridlock

The Australian government’s consultation paper aims to come to grips with a brewing cauldron of uncertainty surrounding the offshore regulatory approvals system.

about 2 years ago
BYD
Market Outlooks

World’s biggest EV maker BYD takes delivery of first car carrier

BYD, a China-based electric vehicle (EV) manufacturer that overtook Tesla as the world’s biggest EV seller in 2023, has taken delivery of its first car carrier which is dual-fueled.

about 2 years ago
Floating solar market will be as big as the onshore solar sector, says Oceans of Energy CEO
Market Outlooks

Floating solar market will be as big as onshore solar sector, says Oceans of Energy CEO

The industry needs to start shifting its focus from wind farms to energy farms as we have limited space which we need to make use of in an efficient way. A synergy of offshore wind and floating solar is the way to go. “If you only fill 20% of wind farm space with floating solar, […]

about 2 years ago
bulker powered by ammonia
Market Outlooks

Saverys says investing in future-proof ships makes sense now, reveals a pipeline of 120 hydrogen and ammonia-powered ships

Belgian owner of marine and industrial applications CMB.TECH plans to add approximately 120 hydrogen and ammonia-powered vessels to its fleet and has five hydrogen infrastructure projects worldwide in the pipeline, Alexander Saverys, the company’s chief executive, revealed in a capital markets day p

about 2 years ago
U.S. Naval Forces Central Command/U.S. 5th Fleet
Market Outlooks

Red Sea crisis escalation: US-UK airstrikes, Houthis’ vessel attacks, spike in oil prices, and tanker trade slowdown

Recent events in the Red Sea have added fuel to the growing fears about the possibility of a wider conflict breaking out across the Middle East, prompting further concerns over oil flows, supply chains, and energy prices in the region and beyond.

15 minutes read
Illustration; Courtesy of Golar
Market Outlooks

Interview: LNG greasing the energy transition wheels – Black & Veatch’s take on low-carbon future

Black & Veatch’s President of Asia Pacific and India spotlighted accelerated LNG production as a critical piece of the decarbonization puzzle.

16 minutes read
HDKSOE
Market Outlooks

HD KSOE won orders for 25 ships since the beginning of 2024 worth over $2.15 billion

HD Korea Shipbuilding & Marine Engineering, the holding entity of HD Hyundai Shipbuilding Division, has kickstarted the year on a high note with a flurry of orders. Namely, since the beginning of the year, the South Korean shipbuilding major has signed construction contracts for a total of 25 ships

about 2 years ago
Pacific Basin
Market Outlooks

Pacific Basin forms new committee to drive sustainability agenda

Hong Kong-based dry bulk vessel owner and operator Pacific Basin Shipping Limited has established a dedicated board-level Sustainability Committee to better align its business strategy to sustainability targets.

about 2 years ago
Illustration; Source: American Petroleum Institute (API)
Market Outlooks

API: America’s energy plan needs to rest on three ‘core’ pillars

API has highlighted three main aspects of a long-term energy plan for the U.S. to ensure its ability to keep the lights on.

about 2 years ago
Discriminating hydrogen colors will not get us any further
Market Outlooks

Discriminating against hydrogen colors will not get us any further

Hydrogen, deemed as a connector for offshore energy markets, is yet to play a very important role, especially in hard-to-abate sectors. The energy transition and especially the hydrogen transition can be built efficiently, faster, cheaper, and with fewer emissions if we build it on existing knowledg

about 2 years ago
MSC Loreto
Market Outlooks

BIMCO: 2024 brings a whopping 41% surge in containership deliveries, beating 2023 record

In 2023, global shipyards delivered 350 new containerships with a total capacity of 2.2 million TEU, beating the previous record from 2015 when 1.7 million TEU was delivered. The 2023 record is now likely to be beaten already in 2024, BIMCO announced. As 2023 saw a relatively low level of container

about 2 years ago