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Outlook & Strategy

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Damen
Outlook & Strategy

Damen gets class and flag state approval for methanol-fueled workboats

Dutch shipbuilder Damen has won approval in principle for designs of methanol-powered compact vessels from the classification society Bureau Veritas and Dutch and Belgian flag authorities. The company said that it now offers designs for a wide range of methanol-powered workboats. The designs are a r

about 2 years ago
Study: Offshore gas pipelines can be reused for H2 transport before 2030
Outlook & Strategy

Study: Offshore gas pipelines can be reused for H2 transport before 2030

A study by Guidehouse and Enersea has shown that Noordgastransport (NGT) and NOGAT’s offshore infrastructure can be repurposed for hydrogen transportation before 2030 by rerouting certain gas fields, while still providing transportation services for current and future Dutch offshore natural gas. The

about 2 years ago
DNV: Despite falling short of Paris Agreement requirements, hydrogen technology set to bring significant changes to energy transition by 2050
Outlook & Strategy

DNV: Despite falling short of Paris Agreement requirements, hydrogen technology set to bring significant changes to energy transition by 2050

Renewable and low-carbon hydrogen is expected to play an important role in decarbonizing and reducing emissions from hard-to-electrify sectors and reaching the Paris Agreement climate goals. While these targets require hydrogen to account for approximately 15% of the world’s energy demand by 2050, D

about 2 years ago
Illustration; Source: DNV
Outlook & Strategy

Net-zero by 2050 ambition at risk: In with renewables and out with fossil fuels ‘far from fast enough,’ warns DNV

DNV: The pace of the transition from fossil fuels to renewables is not being imbued with enough speed to reach net-zero by 2050 targets.

about 2 years ago
Greek TSO takes over the baton for EuroAsia Interconnector
Outlook & Strategy

Greek TSO takes over the baton for EuroAsia Interconnector

EuroAsia Interconnector Limited, project promoter of the European Project of Common Interest (PCI 3.10), and Greek electricity grid operator Independent Power Transmission Operator (IPTO) have reached an agreement for the designation of IPTO as project promoter of the electricity interconnector that

about 2 years ago
Public consultation dates set for second Italy-Greece interconnector
Outlook & Strategy

Public consultation dates set for second Italy-Greece interconnector

Italian transmission system operator (TSO) Terna has scheduled public consultations in seven municipalities that will be affected by the construction of an interconnector that will be built between Italy and Greece. Terna is expected to invest €750 million in the GR.ITA 2 interconnector which will i

about 2 years ago
CRI and Jiangsu Sailboat inaugurate CO2-to-methanol plant
Outlook & Strategy

CRI and Jiangsu Sailboat inaugurate CO2-to-methanol plant

Iceland’s Carbon Recycling International (CRI) and China’s Jiangsu Sailboat Petrochemical have started up a CO2-to-methanol plant, marking a milestone in the global effort to boost the production of sustainable methanol. The opening ceremony took place on September 25, 2023, at the Shenghong Petroch

about 2 years ago
OOCL Gdynia
Outlook & Strategy

OOCL welcomes six of twelve eco-friendly 24,000 TEU giants

Hong Kong-based container shipping company Orient Overseas Container Line (OOCL) held the naming ceremony of a 24,188 TEU newbuilding at Dalian COSCO KHI Ship Engineering Co (DACKS) shipyard. This mega containership is named OOCL Gdynia. Following its naming, OOCL will have received half of the twel

about 2 years ago
Damen
Outlook & Strategy

Europe’s 1st all-electric tug on the horizon as part of Port of Antwerp-Bruges tug renewal deal with Damen

The Port of Antwerp-Bruges has placed an order for six new tugs with Dutch shipbuilder Damen as part of the company’s ongoing fleet renewal. The series includes five diesel-powered RSD Tugs 2513, equipped with Damen Marine NOx Reduction System, and one electric tug, which has been described as Europ

about 2 years ago
Illustration/Havkraft’s CEO Geir Arne Solheim on a ‘Powerpier’ equipped with wave energy units (Courtesy of Havkraft)
Outlook & Strategy

Havkraft teams up with Equinor to explore wave power for lowering offshore drilling emissions

Norwegian company Havkraft has signed a contract with Equinor to conduct a feasibility study exploring the integration of wave energy as a sustainable energy source for powering mobile offshore drilling units.

about 2 years ago
Damage to Finland-Estonia offshore gas pipeline likely caused by external activity, Finland says
Outlook & Strategy

Damage to Finland-Estonia offshore gas pipeline likely caused by external activity, Finland says

The damage to the Balticconnector gas pipeline between Finland and Estonia was not caused by the normal gas transmission process, Finnish transmission system operator (TSO) Gasgrid reported following the launch of an investigation into a leak announced earlier this week. Gasgrid Finland informed tha

about 2 years ago
shore power
Outlook & Strategy

Port of Galveston wins $1 million grant for shore power pilot

The Port of Galveston has secured a $1 million grant for a shore power pilot project in partnership with Texas A&M University at Galveston aimed at reducing emissions from cargo shipping operations. Funded by the Texas Commission on Environmental Quality (TCEQ), the pilot will include establishing a

about 2 years ago
Athenian Sea Carriers orders 4 LNG and methanol-ready chemical tankers
Outlook & Strategy

Athenian Sea Carriers orders 4 LNG and methanol-ready chemical tankers

Athenian Sea Carriers, a Greek shipping company, has exercised options for the construction of four eco-chemical tankers at the Chinese shipbuilding company Wuchang Shipbuilding Industry Group. These vessels, with a deadweight of 18,500 tons (dwt), are set to meet the highest environmental standards

about 2 years ago
Trafigura
Outlook & Strategy

Trafigura to become majority owner of H2 Energy Europe

Swiss commodity trading group Trafigura has made an agreement with compatriot H2 Energy Holding founders to increase its shareholding in H2 Energy Europe to become majority owners, with the founders retaining minority ownership. In addition, Trafigura said the company retains its support for and min

about 2 years ago
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