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Market Outlooks

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NYK
Market Outlooks

NYK wraps up vessel dismantling in Bangladesh

Japanese shipping industry major NYK and its group company, NYK Bulk & Projects Carriers Ltd., have completed the dismantling of the heavy-lifter vessel, Kamo, at the PHP Ship Recycling Facility in Bangladesh. The Panama-flagged general cargo ship Kamo was built in 1998. The NYK Group said it was th

about 3 years ago
Offshore works at SEM-REV 2.0 (Courtesy of Centrale Nantes/Time To Production)
Market Outlooks

France: SEM-REV 2.0 test site wraps up offshore infrastructure upgrades

SEM-REV 2.0, a test site for marine renewable energies offshore France, has completed the installation of cables and connectors on the subsea hub, enabling the upgraded site to connect new renewable energy technology prototypes.

about 3 years ago
shore power
Market Outlooks

Japan set to install zero emission chargers for ships in Hanshin Port and Keihin Port

Japanese industry stakeholders including e5 Lab, Marindows, e-Mobility Power, CHAdeMO Association, The Japan Ship Technology Research Association, Mitsubishi Shipbuilding, and Development Bank of Japan have established the Promotion Council for Zero Emission Chargers for Ships, aiming to promote the

about 3 years ago
The ceremonial launch of EO18 presidential directive (Courtesy of Blueleaf Energy)
Market Outlooks

Floating solar projects become first beneficiaries of Philippine government’s strategic investments directive

SunAsia Energy, the developer of the largest floating solar project in the world and its partner and investor Blueleaf Energy, have been recognized as the first beneficiaries of the recently signed Executive Order 18 (EO18) – a presidential directive creating a green lane for strategic investments.

about 3 years ago
LR identifies stumbling blocks for widespread adoption of methanol as marine fuel
Market Outlooks

LR identifies stumbling blocks for widespread adoption of methanol as marine fuel

As the shipping industry is seeing increased interest in methanol as a marine fuel, a new report from Lloyd’s Register (LR) has found pricing, availability and carbon accounting to be the main obstacles to its widespread adoption. The report called “Fuel for Thought: Methanol” has identifed that the

about 3 years ago
GAZ-SYSTEM launches binding open season procedure for Gdańsk FSRU 2
Market Outlooks

GAZ-SYSTEM launches binding open season procedure for Gdańsk FSRU 2

Poland’s natural gas transmission system operator GAZ-SYSTEM has formally launched a new open season procedure aimed to increase the regasification capacity of the Gdańsk floating storage regasification unit (FSRU) terminal 2. According to GAZ-SYSTEM, the FSRU 2 terminal project assumes locating a s

about 3 years ago
Decisive years ahead: ONE’s fuel choice conundrum for 20 methanol-ammonia newbuilds
Market Outlooks

Decisive years ahead: ONE’s fuel choice conundrum for 20 methanol-ammonia newbuilds

The jury is still out on the fuel choice for a series of twenty new vessels the Singapore-based container shipping major Ocean Network Express (ONE) has on order. “We haven’t made a decision yet on which technology to choose. The jury is still out and like the rest of the industry we are very intere

about 3 years ago
Illustration; Source: Offshore Energies UK (OEUK)
Market Outlooks

Will UK’s new CCUS strategy open doors to multi-billion global supply chain market?

A new carbon capture supply chain strategy is expected to pave the way for Britain to gain entry into the global supply chain market.

14 minutes read
Illustration/HydroQuest's 1MW turbine for Paimpol-Bréhat site (Courtesy of HydroQuest/Photo by Avotrimage)
Market Outlooks

FloWatt developers applaud French government’s tidal energy commitment

The developers of FloWatt tidal energy project – Qair, HydroQuest, and Constructions Mécaniques de Normandie (CMN) – have hailed the French government’s investment in what is to become the world’s largest tidal energy farm.

about 3 years ago
Shipping; Illustration
Market Outlooks

Shipping moving closer to the ‘point of no return’, says T&E

European shipping emissions grew 3% last year as the industry edges closer to pre-pandemic levels, a new analysis by NGO Transport & Environment (T&E) shows. The analysis says that European shipping emitted over 130 million tonnes of CO2, with cruise ship emissions well up on the year before combine

about 3 years ago
Illustration; Source: APPEA
Market Outlooks

Gas rush paints LNG as energy transition’s trump card to low-carbon future

Gas has solidified its position at the top of the energy pyramid, thus, the pursuit for more natural gas and LNG is in full swing.

13 minutes read
Maersk
Market Outlooks

Clarksons: 44 pct of ships ordered in H1 are alternatively fueled

Green transition remains a central underlying driver for shipping markets, according to the latest review from Clarksons Research, which estimates that 44% of newbuild tonnage ordered in the first half of this year was alternative fueled. With 62 orders secured in the first six months of 2023, metha

about 3 years ago
IDTechEx: Global low-carbon hydrogen market to reach $130 billion by 2033
Market Outlooks

IDTechEx: Global low-carbon hydrogen market to reach $130 billion by 2033

Technology company IDTechEx has predicted that the low-carbon hydrogen market will grow substantially over the next decade, reaching $130 billion by 2033. In its new report, “Hydrogen Economy 2023-2033: Production, Storage, Distribution & Applications,” IDTechEx evaluates the necessary components to

about 3 years ago
Illustration/Nova Innovation's turbine being deployed in Shetland (Courtesy of Nova Innovation)
Market Outlooks

New report looks into policy support for cost-effective delivery of wave and tidal stream power

The University of Edinburgh’s Policy and Innovation Group has released a new report which quantified the specific policy support mechanisms, and the associated costs, that will be required to accelerate the wave and tidal stream energy sectors towards commercial deployment.

about 3 years ago
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