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Market Outlooks

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Australia falling behind in global hydrogen race, says WoodMac
Market Outlooks

Australia falling behind in global hydrogen race, says WoodMac

Despite its early leadership ambitions, Australia is falling behind in the global hydrogen economy, with 80% of its low-carbon hydrogen projects still in early development and multiple high-profile cancellations, according to new analysis from data and analytics solutions provider Wood Mackenzie (Wo

about 1 year ago
biofuels
Market Outlooks

Report: Surging shipping demand points to looming biofuel supply crunch

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The maritime transportation industry’s ambition of net-zero carbon emissions has ballooned demand for biofuels. However, the capacity to produce these sustainable fuels is not keeping pace, with “unconstrained” biodiesel demand exceeding total supply. According to Norway’s energy research and busine

about 1 year ago
Marubeni
Market Outlooks

Marubeni unveils investment in Gearbulk

Japanese sōgō shōsha Marubeni Coporation has decided to invest in Gearbulk Holding AG, the world’s ‘largest’ open hatch shipping operator, based in Switzerland.

about 1 year ago
MOL
Market Outlooks

MOL doubles down on climate goals with CDR credit milestone

Japanese shipping major Mitsui O.S.K. Lines (MOL) has passed another milestone on its decarbonization journey, having become the ‘first’ in the country’s maritime industry to retire technology-based carbon removal credits (CDR). Three years have passed since the launch of the NextGen CDR facility, a

about 1 year ago
‘World’s first’ capital partner for shore power launched in Norway
Market Outlooks

‘World’s first’ capital partner for shore power launched in Norway

Backed by a European investment fund with over €300 million earmarked for green port investments, a new company acting as the “world’s first” capital partner for shore power, Seacap, has been launched.

about 1 year ago
MOL Azure LNG carrier (for illustration purposes); Source: Mitsui O.S.K Lines (MOL)
Market Outlooks

Geopolitical whims send MOL on ‘prudent’ shipyard selection quest for new LNG carrier orders

Japan’s shipping giant Mitsui O.S.K. Lines (MOL) has set its sights on a careful evaluation of the use of Chinese and South Korean shipyards that meet its criteria while taking into consideration the changes in U.S. policy trends and geopolitical risks to meet the demand for liquefied natural gas (L

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

EU-UK set course for deeper cooperation on maritime safety, CCS, hydrogen

The European Commission and the UK have reached a Common Understanding that outlines a renewed agenda for cooperation, with a focus on maritime security and safety, as well as new energy technologies such as hydrogen and carbon capture, utilization and storage (CCUS), among other things. In view of

about 1 year ago
TMD Energy
Market Outlooks

TMD Energy diversifies into waste oil-to-biodiesel business

Malaysia- and Singapore-based marine fuel bunkering services provider TMD Energy Limited (TMDEL) has decided to expand strategically into oil waste collection, marking a significant enhancement of its environmental, social, and governance (ESG) commitments.

about 1 year ago
WATCH: Both subsea cables laid for project set to 'revolutionize Senegal’s power infrastructure'
Market Outlooks

WATCH: Both subsea cables laid for project set to ‘revolutionize Senegal’s power infrastructure’

A joint venture of UK’s Enshore Subsea and Belgian Herbosch-Kiere has laid the two submarine cables for what is said to be a project that aims to revolutionize Senegal’s power infrastructure and provide sustainable electricity to millions of people. The partners reported today, May 16, that the seco

about 1 year ago
Swiss set up firm with Timor-Leste to develop 250-kilometer natural gas pipeline
Market Outlooks

Swiss set up firm with Timor-Leste govt to develop 250-kilometer natural gas pipeline

Switzerland-based StreamTec Solutions has signed a cooperation agreement with Timor-Leste’s national oil & gas company Timor Gás & Petróleo, E.P. (TIMOR GAP) and the Ministry of Petroleum and Mineral Resources (MPRM) to establish a company that will develop an underwater pipeline highway for the tra

about 1 year ago
FuelEU
Market Outlooks

FuelEU Maritime: More expense or €250M gain for shipping?

Instead of acting solely as a cost driver, the FuelEU Maritime regulation could create a net financial gain, potentially around €250 million, according to a recent analysis by maritime data and compliance firm OceanScore.

about 1 year ago
€1B cable facility at Port of Tyne turning into reality as consultation starts
Market Outlooks

€1B cable factory at Port of Tyne turning into reality as consultation starts

LS Eco Advanced Cables (LSEAC), a joint venture between Global InterConnection Group (GIG) and one of the subsidiaries of LS Group, a Korean cable manufacturer, has launched a five-week public consultation on plans for a £923 million subsea and onshore cable facility at the Port of Tyne in the UK. T

about 1 year ago
C40 Cities
Market Outlooks

LNG dual-fuel vessels offer faster payback than methanol and ammonia, says SEA-LNG

Investments in LNG dual-fuel vessels offer shipowners a shorter payback period than methanol, ammonia, or VLSFO, a new analysis from industry coalition SEA-LNG has found.

about 1 year ago
Illustration; Source: North Sea Transition Authority (NSTA)
Market Outlooks

Exclusive interview: Balancing act between energy security and decarbonization unlocking oil & gas resilience

Sulzer has pointed out the operators’ need to pursue decarbonization tools to ensure cleaner production and more efficient operations, maximizing productivity and enhancing sustainability to tackle the climate change ticking time bomb and come to grips with energy security challenges.

about 1 year ago