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Market Outlooks

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Shipping
Market Outlooks

GCMD survey unveils decarbonization blind spots: Industry cannot decarbonize without conservatives

Singapore-based Global Centre for Maritime Decarbonization and Boston Consulting Group have revealed major insights from the Global Maritime Decarbonization Survey during a presentation held at Nor-Shipping 2023’s Tradewinds Ocean Stage. The survey sheds light on the current state of maritime decarb

about 3 years ago
Ciel & Terre’s 73.4MWp Kayamkulam floating solar plant in India (Courtesy of Ciel & Terre)
Market Outlooks

French company becomes GW-scale floating solar player

France-based company Ciel & Terre has exceeded 1.5GWp of floating solar projects in its pipeline, claiming the world-record for the company with the most floating solar plants constructed in the world.

about 3 years ago
Tidal turbine foil made for ORPC device as part of CRIMSON Project (Courtesy of ÉireComposites)
Market Outlooks

CRIMSON tidal energy project enters next phase

The EU-backed CRIMSON project has moved to the next stage with the delivery of new foils for ORPC’s tidal energy turbine.

about 3 years ago
Delfin
Market Outlooks

MOL invests in FLNG developer Delfin Midstream

Mitsui O.S.K. Lines (MOL) has entered into a strategic investment agreement with Delfin Midstream Inc, an LNG export infrastructure development company utilizing low-cost FLNG technology solutions. Delfin is the parent company of Delfin LNG and Avocet LNG LLC. Delfin LNG is a brownfield Deepwater Po

about 3 years ago
Illustration; Source: EIA
Market Outlooks

What impact will OPEC+ cuts have on global and US oil & gas production?

The EIA expects global oil production to be lower than anticipated after OPEC+ announced extension of its crude oil production cuts.

about 3 years ago
Illustration/Wave energy device (Photo: YouTube/Screenshot)
Market Outlooks

United States hands out $1.2M for marine energy R&D projects

The US Department of Energy (DOE) has allocated $1.2 million for 23 projects to further marine energy research and development at its national laboratories.

about 3 years ago
KR SHI LCO2 AIP
Market Outlooks

SHI wins approval from KR for 40,000 m3 LCO2 carrier

A 40,000 m3 LCO2 carrier developed by South Korea’s Samsung Heavy Industries (SHI) has secured Approval in Principle (AIP) from compatriot Korean Register (KR). The certificate was presented during a ceremony held at Nor-Shipping 2023 in Oslo, Norway on 7 June. The achievement is the result of a col

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

Minesto reshuffles executive team as new CFO takes the reins

Swedish marine energy company Minesto has expanded its executive team with new members and updated roles, appointing Gustav Kvibling as its new chief financial officer (CFO).

about 3 years ago
KNCC GASA DNV
Market Outlooks

KNCC all set to order LCO2 carriers featuring its unique containment system

Knutsen NYK Carbon Carriers AS (KNCC) is ready to order LCO2 carriers fitted with its unique Liquefied CO2-Elevated Pressure (LCO2-EP) containment system, the company said. The intention is being revealed on the back of a General Approval for Ship Application (GASA) the company secured for the LCO2-

about 3 years ago
US issues first-ever National Clean Hydrogen Strategy and Roadmap
Market Outlooks

US issues first-ever National Clean Hydrogen Strategy and Roadmap

The Biden-Harris Administration has released the US National Clean Hydrogen Strategy and Roadmap, a framework for accelerating the production, processing, delivery, storage and use of clean hydrogen. DOE informed that the framework provides a snapshot of hydrogen production, transport, storage and u

about 3 years ago
Rolf Habben Jansen, CEO of Hapag-Lloyd
Market Outlooks

Hapag-Lloyd CEO: We are definitely looking into methanol and ammonia

German container shipping company Hapag-Lloyd is considering investments in methanol and ammonia-ready newbuilds, alongside exploring wind propulsion options, as part of its sustainability agenda. Speaking today in a live session, Hapag-Lloyd CEO Rolf Habben Jansen expressed openness to alternative

about 3 years ago
Biofuel key to maritime decarbonisation, but challenges present, DNV says
Market Outlooks

Biofuel key to maritime decarbonisation, but challenges present, DNV says

In its latest white paper “Biofuels in shipping,” classification society DNV has reported that the flexibility of biofuels can enable the shipping industry to accelerate its journey towards decarbonisation while maintaining operational efficiency. However, the current limitations in production capac

about 3 years ago
Illustration; Source: American Petroleum Institute (API)
Market Outlooks

Natural gas hailed as backbone of energy mix with security of supply and decarbonisation vying for attention

Natural gas is still forecasted to play a crucial role and act as a trump card while the world embraces the race to net-zero.

about 3 years ago
IDTechEx: Methane pyrolysis and turquoise H2 should not be overlooked
Market Outlooks

IDTechEx: Methane pyrolysis and turquoise H2 should not be overlooked

In its market report “Blue Hydrogen Production and Markets 2023-2033: Technologies, Forecasts, Players,” technology company IDTechEx explores the topic of turquoise hydrogen and delves into the various methane pyrolysis technologies, their benefits, drawbacks and the key commercial activities shapin

about 3 years ago
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