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Market Outlooks

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Port of Los Angeles, California
Market Outlooks

Survey: 56 pct of shipowners are in ESG-linked tie-ups

The maritime industry has a better idea of the trade-offs necessary to achieve net zero, although most of the practical work still lies ahead, and regulatory and technology uncertainties remain, a recent survey conducted by the London-based law firm Watson Farley & Williams (WFW) shows. ‘The Sustain

about 3 years ago
Vopak strengthens ties with Gasunie, moves forward with LNG projects
Market Outlooks

Vopak strengthens ties with Gasunie, moves forward with LNG projects

Dutch tank storage company Vopak has provided updates on its LNG projects, including EemsEnergyTerminal, Gate terminal Rotterdam, and Hong Kong LNG terminal project. EemsEnergyTerminal Vopak’s first update is in regard to EemsEnergyTerminal, an LNG import terminal located in the Eemshaven in the Net

about 3 years ago
Illustration/FLASC’ floating storage prototype tested in Malta in 2018 (Courtesy of FLASC BV)
Market Outlooks

Research into floating breakwaters as powerbanks for marine renewables starts in Malta

The University of Malta has teamed up with its offshore energy storage spin-off FLASC to assess the potential of integrating renewable energy and energy storage solutions with floating breakwaters.

about 3 years ago
Sparky, Damen
Market Outlooks

Damen hits record revenue of €2.5 billion

Dutch shipbuilder Damen Shipyards Group posted a revenue of €2.5 billion for 2022 for the first time in the company’s history. The shipbuilder said that the achievement was made despite the effects of the war in Ukraine, which had, and continues to have, a significant impact on business operations.

about 3 years ago
Port of Gothenburg
Market Outlooks

Port of Gothenburg set to launch methanol bunkering services by end of 2023

Inter Terminals Sweden (ITS), part of Inter Terminals, one of the largest independent bulk liquid storage providers in northern Europe, is collaborating with the Port of Gothenburg to introduce methanol bunkering services in the port by the end of 2023. ITS revealed that preparations are ongoing to

about 3 years ago
Oil barrels (illustration); Source: Equinor
Market Outlooks

Canada ranked as preferred global oil supplier with fossil fuels carving a place in energy transition, shows Ipsos study

Ipsos has asked respondents in 28 countries around the world to complete a ranked ballot of eight oil-producing nations.

about 3 years ago
SolarinBlue’s offshore solar units launched as part of Sun’Sète project (Courtesy of SolarinBlue)
Market Outlooks

French company unveils plans for offshore solar farm in Arabian Sea

French company SolarinBlue has secured permit from the Indian government for a 1MWp offshore solar farm in the Arabian Sea, near the city of Mangalore.

about 3 years ago
China Shipping
Market Outlooks

UMAS: 40 pct improvement in efficiency needed in this decade

A new report by University Maritime Advisory Services (UMAS), an independent advisory and research consultancy specializing in maritime and ocean-related sustainability issues, sheds light on the pressing need for a significant improvement in energy efficiency in the global shipping industry by 2030

about 3 years ago
West Jupiter drillship; Source: Seadrill
Market Outlooks

With offshore drilling industry making strides, Seadrill rig fleet positioned for ‘growth and enhanced performance’

Seadrill has tucked “excellent” operational and strong financial performance under its belt during 2022 while expanding its rig fleet.

about 3 years ago
The location of San Juan Islands in Washington state (Courtesy of OPALCO)
Market Outlooks

United States’ San Juan Islands set sights on tidal power for local energy resilience

An electric utility providing services to San Juan County in the US state of Washington has started exploring the feasibility of developing a tidal energy project that would provide another layer of energy resilience for the island communities in the Salish Sea.

about 3 years ago
Two SolarinBlue’s offshore floating solar units in the Mediterranean (Courtesy of SolarinBlue)
Market Outlooks

France gets its first offshore solar farm

French start-up SolarinBlue has deployed two offshore floating solar units in the Mediterranean sea as part of the Sun’Sète project, which aims to supply clean electricity to one of the 10 biggest French ports.

about 3 years ago
Beihai Shipbuilding
Market Outlooks

Fredriksen takes lion’s share in Euronav

Famatown Finance Limited, a company indirectly controlled by shipping billionaire John Fredriksen, has acquired an additional 964,000 shares in Belgian tanker owner Euronav, taking its total stake to 26.46 pct. The share increase of 5.90 percent was disclosed in an SC 13D/A form with the Securities

about 3 years ago
Cajun sun powered by methanol
Market Outlooks

Hexter: There are virtually no barriers to adoption of methanol

This is a free premium article to give you a sample of what Offshore Energy has to offer as part of our premium section. Upgrade for premium access here. The decarbonization conundrum in the shipping industry persists due to a multitude of challenges, including the high cost of alternative fuels, th

about 3 years ago
The PPA signing for a floating solar plant in the Seychelles (Courtesy of Qair)
Market Outlooks

Qair inks first floating solar power purchase agreement in the Seychelles

Independent renewable power producer Qair and the Republic of Seychelles’ Public Utilities Corporation (PUC) have signed a power purchase agreement (PPA) for a 5.8MWp floating solar project, the first in the history of the Seychelles.

about 3 years ago
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