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Outlook & Strategy

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Lhyfe’s new project in Lubmin to support future European hydrogen backbone
Outlook & Strategy

Lhyfe’s new project in Lubmin to support future European hydrogen backbone

French hydrogen producer Lhyfe has unveiled plans for a new 800 MW project in Lubmin, Germany, to supply the future European hydrogen backbone network. Lhyfe revealed that the company plans to produce up to 330 tons of green hydrogen per day in the Lubmin plant, which is said to be one the largest p

about 2 years ago
Canada
Outlook & Strategy

Canada embarks on Green Shipping Corridor Program to help cut shipping pollution

The Canadian government is launching a new program that will establish green shipping corridors and help decarbonize the marine sector in major shipping areas along the Great Lakes, the St. Lawrence Seaway, and Canada’s east and west coasts.

about 2 years ago
The signing of the MoU (Courtesy of Global OTEC)
Outlook & Strategy

Global OTEC partners up with 2H Offshore to advance OTEC tech

Global OTEC and 2H Offshore have signed an agreement to combine their expertise and accelerate development of floating ocean thermal energy conversion (OTEC) technology.

about 2 years ago
MMMCZCS
Outlook & Strategy

Green corridor surge: initiatives soar to 44, doubling from last year’s count

The number of green corridor initiatives around the world went from 21 to 44 over the past year, according to the findings of the 2023 Annual Progress Report on Green Shipping Corridors released by the Global Maritime Forum. The report finds that there is a ‘substantial maturation’ among existing co

about 2 years ago
GTT and COSCO Shipping sign LNG tank deal
Outlook & Strategy

COSCO Shipping licensed to construct GTT’s systems for offshore LNG units

French LNG containment specialist GTT and Chinese shipyard COSCO Shipping (Qidong) Offshore, a subsidiary of shipping and logistics company COSCO Shipping, have signed a technical assistance and license agreement (TALA) for the construction of GTT membrane containment systems. Specifically, this agr

about 2 years ago
Mein Schiff 7
Outlook & Strategy

Methanol-ready Mein Schiff 7 launched in Finland

Mein Schiff 7, a methanol-ready cruise ship ordered by Hamburg-based cruise company TUI Cruises, has been launched in Finland.

about 2 years ago
Plans for hydrogen development at Dogger Bank D gain ground
Outlook & Strategy

Plans for hydrogen development at Dogger Bank D gain ground

Dogger Bank D, the potential fourth phase of the world’s largest offshore wind farm under construction, Dogger Bank Wind Farm, has awarded contracts to engineering consultants to support the feasibility and optimization of a large-scale green hydrogen development option on the project. SSE Renewable

about 2 years ago
VLAC
Outlook & Strategy

Maersk Tankers reveals mega order for up to 10 very large ammonia carriers

Tanker operator Maersk Tankers has confirmed that it has ordered up to ten very large ammonia carriers (VLACs) at Hyundai Samho Heavy Industries in Korea. The order has been placed by an affiliated company of Maersk Tankers, validating previous media reports. As disclosed, Japanese company Mitsui &

about 2 years ago
DP World
Outlook & Strategy

DP World joins First Movers Coalition to spur decarbonization

Dubai-based port operator DP World has joined the First Movers Coalition (FMC), setting a target of 5% of its marine power to come from hybrid engines and zero-emission fuels by 2030.

about 2 years ago
Denmark and USA to explore development of green corridors in the Global South
Outlook & Strategy

Denmark and USA to explore development of green corridors in the Global South

The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, the U.S. Department of State, the U.S. Department of Energy, and the Danish Government have joined forces to resource and execute pre-feasibility studies for green corridors in five countries in the Global South, as announced on Friday at C

about 2 years ago
Pertamina and Karpowership forge LNG and alternative fuels alliance
Outlook & Strategy

Pertamina and Karpowership forge LNG and alternative fuels alliance

Indonesia’s PT Pertamina International Shipping (PIS), a subsidiary of PT Pertamina (Persero), and Turkey’s Karpowership have formalized a general partnership agreement (GPA) to develop sustainable energy infrastructure in Indonesia. Under the GPA, which was formalized during the COP28 in Dubai on F

about 2 years ago
EU-Catalyst Partnership to back Ørsted’s FlagshipONE e-methanol project
Outlook & Strategy

EU-Catalyst Partnership to back Ørsted’s FlagshipONE e-methanol project

Danish energy company Ørsted has secured support from the EU-Catalyst Partnership, which consists of the European Commission (EC), Breakthrough Energy Catalyst, and the European Investment Bank (EIB), for its FlagshipONE project, also known as Europe’s largest e-methanol plant. On December 1, at COP

about 2 years ago
CEOs
Outlook & Strategy

Shipping CEOs call for an end to fossil-only powered newbuilds

The Chief Executive Officers (CEOs) of leading global shipping lines have issued a joint declaration at COP 28 calling for an end date for fossil-only powered newbuilds and urging the International Maritime Organization (IMO) to create the regulatory conditions to accelerate the transition to green

about 2 years ago
South Korean LNG imports slip
Outlook & Strategy

IEEFA warns of overbuild of LNG import infrastructure in South Korea

A new report by the Institute for Energy Economics and Financial Analysis (IEEFA) has found that South Korea is rapidly developing liquefied natural gas (LNG) import and storage terminals, presenting a high risk of overinvestment and overcapacity. According to IEEFA estimates, the country’s LNG indu

about 2 years ago
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