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Outlook & Strategy

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UK’s 'biggest ever' electricity transmission project enters construction
Outlook & Strategy

UK’s ‘biggest ever’ electricity transmission project enters construction

Construction has officially started on what is said to be the UK’s largest-ever electricity transmission project and the longest high voltage direct current (HVDC) cable in the country, named Eastern Green Link 2 (EGL2). The £4.3 billion, 525kV, 2 GW HVDC subsea transmission cable will link Peterhea

about 1 year ago
ports
Outlook & Strategy

Hamburg, Busan and Ulsan ports team up on clean fuels on path to greener maritime future

Germany’s Hamburg Port Authority (HPA) has signed a joint declaration of intent with the South Korean Busan Port Authority (BPA) and Ulsan Port Authority (UPA) to collaborate on the decarbonization of maritime transport in the future.

about 1 year ago
Digitalization is one of the growing decarbonization trends, which helps curb the vessels' greenhouse gas (GHG) emissions footprint; Source: Opsealog
Outlook & Strategy

Interview with Opsealog: Power of digitalization levels up vessels’ energy efficiency game as shipping regulations tighten their grip on fleets’ emissions

France’s Opsealog paints a picture of the offshore supply vessel (OSV) future rich with evolving technologies, a blossoming array of propulsion tools, and decarbonization gains.

13 minutes read
CBM.TECH
Outlook & Strategy

CSSC, CMB.TECH join forces on green-fueled ships, low-carbon technologies

Qingdao Beihai Shipbuilding Heavy Industry (BSIC), part of China State Shipbuilding Corporation (CSSC) has signed a strategic cooperation agreement with CMB.TECH and held a naming ceremony for two bulkers being built for the Belgium-based shipowner.

about 1 year ago
Hail and Ghasha mega gas development concept; Source: ADNOC
Outlook & Strategy

WATCH: First steel cut for mega gas project set on zero-emission ops by entwining smart tech, carbon capture, hydrogen, nuclear, and renewable power

The UAE’s ADNOC has held a ceremony to mark the cutting of the first steel for structures that will be placed at a massive sour gas development off the coast of the United Arab Emirates (UAE), which is envisioned to have fully unmanned offshore facilities and operate with zero emissions.

about 1 year ago
€24 million investment comes in, €80 million on the table for UK’s first HVDC cable factory
Outlook & Strategy

€24M investment comes in, €80M on the table for UK’s first HVDC cable factory

UK-based XLCC, founded in 2020, has secured £20 million (almost €24 million) from the UK Infrastructure Bank (UKIB) that will be invested in the development of the UK’s first HVDC cable factory, located in North Ayrshire, Scotland, with an option for a further £67 million (approximately €80.3 millio

about 1 year ago
methanol
Outlook & Strategy

Navigating change: FuelEU, EU ETS could propel bio- and e-methanol into the marine fuel spotlight

The EU’s FuelEU Maritime and the EU Emissions Trading System (EU ETS) could create a level playing field for bio- and e-methanol, making eco-friendly fuels economically competitive compared to fossil marine fuels, a new white paper by the trade association Methanol Institute suggests. With significa

about 1 year ago
Norway’s TECO 2030 sets sights on becoming global technology provider
Outlook & Strategy

Norway’s TECO 2030 sets sights on becoming global technology provider

Norway-based cleantech company TECO 2030 has decided to make a strategic shift from manufacturing fuel cells in Norway to positioning the company as a global technology provider by offering licensing agreements to international partners. TECO explained that this decision reflects its commitment to g

about 1 year ago
Milestone in for hybrid cable lay & construction vessel set for Japan's offshore wind
Outlook & Strategy

Keel laid for Japan-bound hybrid cable lay & construction vessel

Norwegian ship designer and shipbuilder VARD has held the keel laying ceremony for what is said to be a highly customized hybrid power cable lay and construction vessel that will serve the Japanese offshore wind market. VARD is building the vessel for Toyo Construction, a Japanese general constructi

about 1 year ago
Hyundai Glovis
Outlook & Strategy

Hyundai Glovis, BYD join forces on car shipping, logistics

South Korean logistics company Hyundai Glovis, part of the Hyundai Motor Group, has signed a memorandum of understanding (MoU) with BYD, China’s largest electric vehicle manufacturer, to cooperate on logistics and finished vehicle maritime transportation.

about 1 year ago
JERA
Outlook & Strategy

JERA and POSCO looking into low-carbon fuel value chains

JERA has concluded a joint collaboration agreement with POSCO International to realize low-carbon fuel value chains.

about 1 year ago
clean fuels
Outlook & Strategy

European shipowners: Shipping should be given ‘priority access’ to clean fuels

Reflecting on the recently published Draghi report, European Community Shipowners’ Associations (ECSA) have presented in a position paper their recommendations to support the uptake of clean fuels in shipping.

about 1 year ago
MPCC
Outlook & Strategy

MPCC continues fleet renewal, secures new charter contracts

MPCC is continuing its fleet renewal with the acquirement of four 3,800 TEU wide beam eco-design vessels at a total price of $180 million. Separately, the company has agreed on new 24-26-month charter contracts for vessels AS Anne and AS Pamela.

about 1 year ago
LR
Outlook & Strategy

Regulatory framework is vital for accelerated adoption of MASS, new report says

The widespread adoption of maritime autonomous surface ships (MASS) into global shipping hinges on a ‘robust’ regulatory framework and a ‘human-centric’ international collaboration, a new joint report by UK-based classification society Lloyd’s Register and Japan’s shipping giant Mitsui O.S.K. Lines

about 1 year ago
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