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
Germany’s Deutsche ReGas has completed the procedure for the allocation of long-term regasification capacity for the planned floating LNG terminal in the port of Mukran. The company said the procedure was completed on 7 August and the offered capacity of 4 billion cubic meters (bcm) for a period of
Subsea technology provider Forum Energy Technologies (FET) has appointed a Brazilian company to represent its subsea operations in this South American country. FET reported earlier in August that it had established a partnership with UnderOcean Servicos Maritimos under which the Brazilian company wi
Pacific Northwest National Laboratory (PNNL) is seeking views from wave energy developers whose devices are capable of powering offshore aquaculture operations to better understand the potential of co-locating such projects.
Offshore Renewable Energy (ORE) Catapult has laid out plans to carry out an in-depth survey of developers working in the tidal and wave energy sectors on behalf of Crown Estate Scotland.
Crude oil tanker company DHT Holdings has completed the installation of three exhaust gas cleaning systems in the second quarter of 2023 and now all 23 very large crude carriers (VLCCs) in the company’s fleet are scrubber-fitted. Scrubbers, also known as exhaust gas cleaning systems, allow companies
Bermuda-based shipping company Himalaya Shipping, a rising star in the dry bulk industry, is well on its way on its transition path into a fully operational company, thanks to timely investments in the ‘right ships’. One of the key highlights of the first half of 2023 for the company was the deliver
As the demand in the container shipping sector normalizes after a massive surge during COVID-19, the industry majors are reporting lower earnings and bracing for the upcoming period trying to keep discipline in Capex spending. Industry major Maersk reported a better-than-anticipated quarterly profit
Norwegian wave energy company Havkraft has joined forces with Singapore-based Neuto to spearhead green transition in Southeast Asia through the development of ocean energy projects using the Havkraft N-class wave power plant.
Philippine government departments are working on updating the offshore wind and floating solar guidelines so they would become components of the next year’s National Expenditure Program (NEP).
Thomas Gros, a senior energy industry executive, sees offshore wind as the linchpin of the decarbonised energy mix.
The global shipbuilding industry is experiencing an impressive surge in demand for new tonnage, with a flurry of newbuilding orders and options being placed over the past week by prominent shipping companies worldwide. Data from shipbrokers shows a remarkable total of 31 firm newbuilding orders, acc
