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Market Outlooks

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Front Prince
Market Outlooks

Frontline inks sustainability-linked loan as Fredriksen clashes with International Seaways

Norwegian tanker shipping heavyweight Frontline has secured a sustainability-linked loan, totaling up to $129.4 million. The financing was obtained through a senior secured term loan facility with Dutch banking group ING, which according to Frontline, offers attractive terms and is intended to refin

about 3 years ago
ammonia powered engine
Market Outlooks

MAN ES ignites excitement: Single-cylinder test of long-awaited ammonia engine about to kick off

German engine manufacturer MAN Energy Solutions says its long-awaited engine is ready to burn ammonia on a single cylinder.

about 3 years ago
Lloyd’s Register IECRE feasibility statement for Flex Marine Power’s tidal energy device (Courtesy of Lloyd’s Register)
Market Outlooks

Lloyd’s Register issues world’s first IECRE feasibility statement for tidal energy device

Scottish company Flex Marine Power has been awarded the world’s first IECRE feasibility statement by Lloyd’s Register for its SwimmerTurbine SW2 tidal energy converter.

about 3 years ago
One of the test facilities at Lir NOTF (Courtesy of Lir NOTF)
Market Outlooks

Irish test center opens doors for offshore renewable energy trials

The Lir-National Ocean Test Facility (Lir NOTF), in collaboration with the Sustainable Energy Authority of Ireland (SEAI), has launched a call for scaled physical testing of offshore renewable energy devices.

about 3 years ago
KHI, DNV to cooperate on calculating GHG emissions in liquefied H2 supply chain
Market Outlooks

KHI, DNV to cooperate on calculating GHG emissions in liquefied H2 supply chain

Japanese shipbuilder Kawasaki Heavy Industries (KHI) has joined hands with classification society DNV to work on visualisation of greenhouse gas (GHG) emissions in the international liquefied hydrogen supply chain.

about 3 years ago
Stena Line
Market Outlooks

Methanol Institute issues first complete guide to methanol as marine fuel

The Methanol Institute, a global trade association for the methanol industry, has published the first comprehensive guide to methanol as a marine fuel to help stakeholders across the industry access the information they need to support decision-making on which alternative fuel is right for their fle

about 3 years ago
Illustration; Source: International Energy Agency (IEA)
Market Outlooks

Spending on solar on the brink of surpassing oil investments for the first time ever, says IEA

The clean energy investment is now extending its lead over fossil fuels, boosted by energy security strengths, highlights the IEA.

about 3 years ago
Photo showing Seabased wave energy generators head for deployment at Sotenas in Sweden (Courtesy of Seabased)
Market Outlooks

Bermuda incorporates wave energy into its legal framework

The Government of Bermuda has approved regulations for innovative licenses to provide electricity to the island, including those for wave energy.

about 3 years ago
Illustration/CorPower C4 wave energy device at the Port of Viana do Castelo (Courtesy of CorPower Ocean)
Market Outlooks

CorPower sings praises for Portuguese wave energy suppliers

CorPower Ocean has named a Portuguese company as its ‘supplier of the year’ in recognition of the role it played in the development of its first commercial-scale wave energy converter, soon to be deployed offshore Portugal.

about 3 years ago
Illustration; Source: Aquaterra Energy
Market Outlooks

In focus: Will the hydrogen rainbow chase away fossil fuels’ clouds?

The global energy players are burning the midnight oil in pursuit of low-carbon solutions to curb emissions and enrich the energy mix.

about 3 years ago
Thorco Projects
Market Outlooks

Norden expands into wind energy and general cargo market with Thorco Projects acquisition

Danish shipping company Norden has entered into an agreement to acquire Thorco Projects, a business specializing in general cargo segments such as break bulk, steel, and wind energy. This strategic move marks Norden’s expansion into new markets including the wind energy segment, which is a growing s

about 3 years ago
Illustration/The submerged CalWave’s x1 wave energy device (Courtesy of CalWave Power Technologies)
Market Outlooks

California’s Senate approves wave and tidal renewable energy bill

The California State Senate has unanimously approved a bill that aims to put the state on the path to developing wave and tidal energy as a new source of renewable energy that will help meet its carbon-free targets while bolstering the power grid.

about 3 years ago
Illustration/Floating solar array (Courtesy of Wood Mackenzie)
Market Outlooks

Global floating solar set to go above 6GW by 2031, Wood Mackenzie finds

The global floating solar market is expected to pass the 6GW threshold by 2031, with the Asia-Pacific region showing highest demand, according to the analysis from Wood Mackenzie.

about 3 years ago
Hydrogen Mobility Ireland reports on role of H2-derived e-fuels in maritime
Market Outlooks

Hydrogen Mobility Ireland reports on role of H2-derived e-fuels in maritime

Hydrogen Mobility Ireland (HMI), a group of Irish stakeholders looking to develop the use of hydrogen for transport in Ireland, has issued a report on how the development of a hydrogen ecosystem can facilitate the production of sustainable e-fuels for use in aviation and shipping transport. In the r

about 3 years ago
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