Australian project delivery and asset services provider Worley and researchers at Princeton University’s Andlinger Center for Energy and the Environment have developed a new action plan for the renewable hydrogen sector which, if broadly adopted, could reduce delivery times for hydrogen projects by
Blue ammonia, an attractive fuel for the maritime industry, is expected to become available in significant quantities by 2027, with the potential for significant scale-up in production over subsequent years, according to a recent report by Maersk Mc-Kinney Moller Center for Zero Carbon Shipping. The
Prosafe is optimistic about the demand outlook for 2024 and beyond thanks to a substantial boost in tendering activity for this period.
In its new market report “Hydrogen Economy 2023-2033: Production, Storage, Distribution & Applications,” technology company IDTechEx explores the subject of hydrogen storage and distribution technologies, examining their use cases and highlighting recent commercial activities in this domain. In rece
Danish shipping company Norden has inked a deal with Teck Resources Limited, one of Canada’s largest mining companies, to reduce CO² emissions in Teck’s steelmaking coal supply chain. The agreement is expected to reduce annual emissions from Teck shipments handled by Norden by 25%, or up to 6,700 to
Belgian tanker shipping major Euronav has entered into a deal to buy a Very Large Crude Carrier (VLCC) newbuild from an undisclosed party, paying $112.2 million for the vessel. Under the deal, the company has an option for an additional VLCC newbuild. Euronav said that it has two months to decide wh
Dubai-based port operator DP World expects to add approximately 3 million Twenty-Foot Equivalent Units (TEUs) of new container handling capacity by the end of the year. The company currently manages approximately 9% of the world’s handling capacity, putting it among the top five global port operator
Philippine-based company ACEN has outlined plans to develop approximately 1GW of floating solar plant capacity on Laguna Lake, the largest freshwater lake in the Philippines.
Tankers took the lead in the demolition market, comprising approximately 43% of all scrapped cargo vessels in 2022, according to insights from VesselsValue. Despite this dominance, the number of tankers scrapped actually decreased by 55% YoY, dropping from 123 in 2021 to 55 in 2022. In comparison, t
South Korea’s shipbuilding prowess has once again taken the spotlight as it recaptured the top spot in global shipbuilding orders after a five-month hiatus. South Korean shipyards secured 44 percent of the global total of 3.33 million compensated gross tons (CGTs), accounting for orders totaling 1.4
After 23 years as Chief Executive Officer, Niels G. Stolt-Nielsen will step down from his role as CEO of Stolt-Nielsen, a Norwegian company specializing in chemical and bulk liquid transportation and storage, on September 1, 2023. He will be succeeded as CEO by Udo Lange and will assume the role of
Professor Ron Loveland, Energy Advisor to the Welsh government, has shared his expert opinion on the future of marine energy sector in Wales.
The container shipping industry is grappling with a complex challenge – an overcapacity crisis. The surge in new containerships ordered during the pandemic, coupled with supply chain normalization at major ports and inland regions, has led to a flood of capacity that is profoundly disrupting the equ
Deliveries of new container ships during the first seven months of the year reached a new record high of 1.2 million TEU in 2023, beating the previous record by 0.2 million TEU, data from BIMCO shows. As recycling of ships has remained low, the fleet capacity has grown 4.3% since January. The contra
