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Market Outlooks

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Vopak
Market Outlooks

IHI, Vopak to jointly develop, operate ammonia terminal in Japan

Japanese engineering corporation IHI Corporation (IHI) and Dutch tank storage company Royal Vopak (Vopak) have signed a joint development agreement under which they plan to establish a new joint venture for the development and operation of an ammonia terminal in Japan.

about 1 year ago
EU-UK set course for deeper cooperation on maritime safety, CCS, hydrogen
Market Outlooks

Hydrogen Europe: EU’s low-carbon rules improve, but still fall short of market needs

Hydrogen Europe has acknowledged improvements in the final version of the European Commission’s Low Carbon Hydrogen Delegated Act, but noted that the rules still fall short of market needs.

about 1 year ago
DP World unit takes controlling stake in NovaAlgoma Cement Carriers
Market Outlooks

DP World unit takes controlling stake in NovaAlgoma Cement Carriers

P&O Maritime Logistics (POML), a subsidiary of Dubai-based terminal operator DP World, has decided to acquire a 51% controlling stake in Nova Algoma Cement Carriers’ (NACC) wholly owned cement assets.

about 1 year ago
MOL
Market Outlooks

MOL grows tank storage business as it completes LBC Tank Terminals acquisition

Japanese shipping major Mitsui O.S.K. Lines (MOL) has become the 100% shareholder of LBC Tank Terminals, the Netherlands-based tank terminal operator in the chemical handling industry.

about 1 year ago
LNG strengthens foothold as ‘clear choice’ in alternative fuels orderbook
Market Outlooks

LNG strengthens foothold as ‘clear choice’ in alternative fuels orderbook

While the overall newbuild market is experiencing a slower growth rate, the alternative fuels orderbook saw a total of 151 vessel orders in the first half of 2025, with LNG dominating as the “clear fuel of choice” and accounting for more than half of the orderbook, according to data from classificat

about 1 year ago
'Bitter disappointment' as UK rejects support for €29.5B project to import renewable energy from Morocco
Market Outlooks

‘Bitter disappointment’ as UK rejects support for €29.5B project to import renewable energy from Morocco

The UK Government has decided to reject the huge £25 billion (around €29.5 billion) project that would import 11.5 GW of solar and wind power from Morocco to the British grid via 4,000-kilometer HVDC subsea cables. The Xlinks Morocco-UK power project envisions the development of a commercial-scale r

about 1 year ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Market Outlooks

BV: Achieving sustainable blue economy extends beyond decarbonizing shipping

Bureau Veritas Marine & Offshore (BV), a French specialist in testing, inspection, and certification, has highlighted the need to reframe how the global fleet is financed, fueled, and operated if its decarbonization goals are to be achieved.

about 1 year ago
China’s Wuhu Shipyard sets sights on European market with new green shipping alliance
Market Outlooks

China’s Wuhu Shipyard sets sights on European market with new green shipping alliance

Chinese shipbuilder Wuhu Shipyard has moved to enter the European market with a new research and development (R&D) cooperation agreement focused on green shipping technology.

about 1 year ago
tanker
Market Outlooks

Alternative fuels: How far has tanker industry come?

The tanker sector keeps its finger on the pulse regarding fuel options but is cautious about readiness, safety, and regulatory support, BIMCO, the world’s largest international shipping association, said.

about 1 year ago
EU flags
Market Outlooks

Industry groups: EU’s draft GHG rules threaten feasibility of low-carbon hydrogen

Industry groups have called on the European Commission to acknowledge their concerns with the current draft ‘Delegated Act’ defining the greenhouse gas (GHG) methodology for low-carbon hydrogen and its derivatives, claiming that the new version of this secondary legislation threatens the overall fea

about 1 year ago
Is producing renewable hydrogen as ammonia in EU cheaper than importing it?
Market Outlooks

Is producing renewable hydrogen as ammonia in EU cheaper than importing it?

Importing renewable hydrogen as ammonia from countries with abundant renewable sources could be more expensive than producing it domestically in the European Union, a new study found.

about 1 year ago
APAC poised to become ‘world’s largest’ CO2 shipping market, report says
Market Outlooks

APAC poised to become ‘world’s largest’ CO2 shipping market, report says

The Asia-Pacific (APAC) region is on track to take the lead in the CO2 shipping market, requiring almost 80 specialist vessels for interregional shipping in 2055, energy consultancy Xodus found in a new carbon capture, utilization, and storage (CCUS) report.

about 1 year ago
C40 Cities
Market Outlooks

Industrial power map shifts as clean energy soars in sunbelt nations

Although China, the United States (US) and the European Union (EU) remain frontrunners in clean industry development, a bloc of emerging markets spanning Africa, Asia and South America is quickly catching up, showing the potential to overthrow the ‘longstanding dominance’ of these leading economies.

about 1 year ago
EnerMech recently won its first major decommissioning campaign in the U.S. Gulf region with ExxonMobil; Source: EnerMech
Market Outlooks

Interview: High-growth regions, subsea, and FPSO jobs unlocking EnerMech’s resilience in energy realms

EnerMech, an Aberdeen-headquartered integrated solutions specialist, has pinpointed the focus on high-growth regions, subsea work, and floating production, storage, and offloading (FPSO) assignments as its tripartite resilience formula, which it uses as keys to achieving resilience against the backd

about 1 year ago
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