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Outlook & Strategy

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ammonia
Outlook & Strategy

New ammonia-fueled 3,500 TEU ship design wins AiP

Classification societies ABS and Lloyd’s Register (LR) have awarded Approval in Principle (AiP) to a new ammonia-fueled 3,500 TEU container feeder vessel design.

about 2 years ago
ClassNK issues new edition of guidelines for ships using alternative fuels
Outlook & Strategy

ClassNK issues new edition of guidelines for ships using alternative fuels

ClassNK has released a new edition of its Guidelines for Ships Using Alternative Fuels, which outline the safety requirements for ships using methanol, ethanol, LPG and ammonia as fuel. The new edition adds requirements related to hydrogen-fueled ships.

about 2 years ago
Repeat client brings SeaBird's backlog to combined 33 months of OBN source work
Outlook & Strategy

Repeat client brings SeaBird’s backlog to combined 33 months of OBN source work

Cyprus-headquartered seismic firm SeaBird Exploration has secured a contract with a repeat client that will take its seismic research vessel Eagle Explorer to the Western Hemisphere. The duration of the contract is six months, including options to extend by another 6+6 months. Mobilization has start

about 2 years ago
Wärtsilä joins RINA, Gas and Heat for ammonia-fueled bunkering vessel project
Outlook & Strategy

Wärtsilä joins RINA, Gas and Heat for ammonia-fueled bunkering vessel project

RINA, Gas and Heat, and Wärtsilä have signed an agreement to develop a bunkering vessel specially designed to deliver and operate on green ammonia fuel.

about 2 years ago
UMAS
Outlook & Strategy

UMAS parts ways with UCL Energy ‘to better serve’ shipping’s decarbonization

UMAS, formerly a close collaboration between the UCL Energy Institute shipping research group and UMAS International, is to take on a new configuration in order to better serve the shipping sector’s needs, as it moves into an era of rapid technological change and development related to decarbonizati

about 2 years ago
EU flag; Source: Council of Europe
Outlook & Strategy

EU’s natural gas demand in 2023 hits lowest level in 15 years

The demand for natural gas in the EU has taken a downturn for the second year in a row, reaching the lowest level since 2008.

about 2 years ago
Main suppliers revealed for NKT's new cable layer as it gets its name
Outlook & Strategy

Main suppliers revealed for NKT’s second cable layer as it gets its name

Denmark-based power cable manufacturer and installation company NKT has named its new cable laying vessel (CLV) NKT Eleonora, meaning shining light. According to NKT, the name is a reference to the company’s central position in transmitting power through its cable solutions and to the bright future

about 2 years ago
Planning consent issued for solar methanol plant in Port Augusta
Outlook & Strategy

Planning consent issued for solar methanol plant in Port Augusta

Solar Methanol 1 (SM1), the proposed solar thermal-powered plant that will produce green methanol in Port Augusta, South Australia, has received planning consent.

about 2 years ago
Saipem to take over China-built latest generation heavy lift pipelay vessel in June
Outlook & Strategy

Saipem to take over China-built latest generation heavy lift pipelay vessel in June

Chinese state-owned port and naval machinery manufacturer ZPMC has held the completion ceremony for the latest generation vessel for offshore heavy lifting, construction and pipelaying, set to be delivered to Saipem. The completion ceremony of the JSD6000 was held at ZPMC’s base in Changxing and the

about 2 years ago
AD Ports and partners to develop green methanol facility for maritime transport
Outlook & Strategy

AD Ports and partners to develop green methanol facility for maritime transport

AD Ports signed an MoU with Transmar and Orascom Construction to develop a green methanol storage and export facility for maritime transport.

about 2 years ago
US natural gas firm sells its upstream assets for $260M, enters LNG offtake deal
Outlook & Strategy

US natural gas firm sells its upstream assets for $260M, enters LNG offtake deal

U.S. natural gas company Tellurian has entered into an agreement with a compatriot private investment firm and adviser for the sale of its integrated upstream assets, as well as heads of agreement for the offtake of LNG from its Driftwood plant. As part of the agreements, Texas-headquartered Aethon

about 2 years ago
Report: Fortescue looking to order five very large ammonia carriers
Outlook & Strategy

Report: Fortescue looking to order five very large ammonia carriers

Fortescue is planning to order five very large ammonia carriers (VLACs) to transport green ammonia over long distances, according to Hydrogen Insight’s sister publication TradeWinds.

about 2 years ago
Drilling to return to seven-year-old UK field as it hits oil production milestone
Outlook & Strategy

Drilling to return to seven-year-old UK field as it hits oil production milestone

EnQuest has reached a milestone of 70 million barrels of oil produced during May from its field in the Northern North Sea which has been online since 2017. The UK oil and gas company noted it had delivered strong operational performance across its operated portfolio so far this year, with full-year

about 2 years ago
developing
Outlook & Strategy

Unlocking developing countries’ potential in the era of transition

Maritime stakeholders are turning their attention to developing countries to support a just energy transition and bridge the existing gap.

about 2 years ago
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