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Market Outlooks

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The installation of EEL Energy’s tidal turbine in Rhône river (Courtesy of EEL Energy)
Market Outlooks

First biomimetic tidal turbine in Rhône river gives glimpse of future fluvial clean energy farms

French company EEL Energy has deployed its biomimetic tidal energy turbine in the Rhône river near Lyon – the first of four planned – foreshadowing the future where fluvial clean energy farms make a significant contribution to decarbonization and diversification of power generation mix.

about 3 years ago
HD Hyundai Mipo
Market Outlooks

Svanehøj sees growing number of LPG tankers adding ammonia to cargo list

Amidst a shifting landscape in the quest for carbon neutrality, shipowners worldwide are now gearing up to embrace the anticipated demand growth for ammonia, with multiple tankers slated to incorporate ammonia in their cargo list. Svanehøj, a Danish-based pump manufacturer, has witnessed a remarkabl

about 3 years ago
The Blue X wave energy device (Courtesy of Mocean Energy)
Market Outlooks

Thailand’s energy major joins ‘wave power for subsea equipment’ scheme

Thailand’s state energy company PTTEP has joined the Renewables for Subsea Power (RSP) collaborative project which is intended to prove the concept of powering subsea equipment with wave power and intelligent subsea energy storage.

about 3 years ago
Xin Quang Hua
Market Outlooks

Ocean giants unite to forge mega fleet of semi-submersible vessels

China-based companies specializing in ocean-based heavy lift transport COSCO SHIPPING Specialized and Guangzhou Salvage have concluded a joint venture deal leading to the creation of a fleet of 18 semi-submersible vessels by the end of 2023. Commercial management of the fleet will be handled by the

about 3 years ago
SEA-LNG: Bio-LNG bunkering is available in almost 70 locations
Market Outlooks

SEA-LNG: Bio-LNG bunkering is available in almost 70 locations

Bio-LNG is available in almost seventy ports worldwide, including in Singapore, Rotterdam, and the US east coast, according to an analysis of the green LNG bunkering market published by SEA-LNG, a multi-sector industry coalition promoting LNG as a marine fuel. The coalition added that bio-LNG used i

about 3 years ago
EC approves Germany’s €40M support measure for Brunsbüttel LNG terminal
Market Outlooks

EC approves Germany’s €40M support measure for Brunsbüttel LNG terminal

The European Commission (EC) has approved a €40 million German support measure for the construction and operation of a new land-based LNG terminal in Brunsbüttel which will replace the FSRU currently operating at the site. The terminal with an annual capacity of 10 billion cubic meters will comprise

about 3 years ago
Illustration/Oneka Technologies' wave energy-drive desalination platform (Courtesy of Oneka Technologies)
Market Outlooks

US Department of Energy backs 7 marine energy projects with nearly $10 million

The US Department of Energy (DOE) has invested nearly $10 million in seven innovative projects that will accelerate development and testing of marine energy technologies.

about 3 years ago
CCS AIP
Market Outlooks

China’s first methanol bunkering ship gets green light

CCS Wuhan Rules & Research Institute, a key institute directly under the China Classification Society, has granted an Approval in Principle (AiP) certificate to Zhejiang Seahead Ship Design and Research Institute Co. for China’s first methanol-fueled bunkering ship. The methanol-fueled bunkering shi

about 3 years ago
Germany updates its national hydrogen strategy
Market Outlooks

Germany updates its national hydrogen strategy

Germany has decided to update the National Hydrogen Strategy with the increased level of ambition in climate protection and the new challenges in the energy market. The Federal Cabinet made the decision on 26 July preceded by a political agreement of all departments, including the five core departme

about 3 years ago
Odfjell Terminals Korea Maersk Solstice
Market Outlooks

SunGas to invest $2 bln in green methanol plant to power Maersk’s ships

SunGas Renewables, a Texas-based spin-out of GTI Energy, is forming a new subsidiary named Beaver Lake Renewable Energy (BLRE), which will construct a new green methanol production facility in Central Louisiana. The facility is expected to produce nearly 400,000 metric tons of green methanol per yea

about 3 years ago
There is NO time for antagonism among marine fuel proponents
Market Outlooks

There is NO time for antagonism among marine fuel proponents

As the world witnesses the devastating impact of climate change through catastrophic events like wildfires engulfing the Greek island of Rhodes and northern Algeria, and the occurrence of giant supercells in Italy, the need for urgent and sustainable solutions within the energy industry, the maritim

about 3 years ago
SIMEC Atlantis’ tidal turbine for MeyGen project (Courtesy of SIMEC Atlantis)
Market Outlooks

Power sales from MeyGen bring in €4.5M to SIMEC Atlantis as co-location with storage emerges as option

The power sales from the MeyGen tidal energy project have reached €4.5 million in 2022, according to the developer of the project SIMEC Atlantis Energy, which also unveiled plans for potential combination of the tidal power scheme with its battery energy storage systems (BESS) business.

about 3 years ago
The North Field off Qatar; Source: Qatargas
Market Outlooks

With 18 oil & gas projects, worth $60.2 billion, in the works, Qatar set on upping the LNG ante

Qatar’s energy sector is positioned for further growth, solidifying the country’s position as the world’s top exporter of LNG.

about 3 years ago
Illustration (Courtesy of NOAA)
Market Outlooks

United States invests $60M in accelerator program for blue economy startups and concepts

The US Department of Commerce and National Oceanic and Atmospheric Administration (NOAA) have launched the Ocean-Based Climate Resilience Accelerators program, designed to support blue economy startups and concepts.

about 3 years ago
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