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Illustration; Source: International Energy Agency (IEA)
Outlook & Strategy

Net-zero puzzle needs multiple pieces in place: Tripling renewables and slashing oil & gas emissions

Multiple sources of supply vie for attention in the journey to net-zero, with renewables being crown jewels.

about 3 years ago
maersk
Outlook & Strategy

Singapore readies for its 1st methanol bunkering op

Singapore’s maritime industry is abuzz with anticipation as it prepares to carry out its first methanol bunkering operation this week. The operation will take place between the A.P. Moller – Maersk’s methanol-fuelled container vessel which is on its maiden voyage and Hong Lam Marine Pte Ltd’s Singap

about 3 years ago
TECO 2030 and partners win €13.5mln EU grant for H2-powered ferry project
Outlook & Strategy

TECO 2030 and partners win €13.5mln EU grant for H2-powered ferry project

Norway’s cleantech company TECO 2030 and its partners have been awarded a €13.5 million Horizon Europe grant to build and demonstrate a passenger ferry powered by TECO 2030 fuel cells. Specifically, the partners’ project has been invited for Horizon Europe grant agreement preparation. The project’s

about 3 years ago
Provaris taps Prodtex to build and test prototype tank for its compressed hydrogen carrier
Outlook & Strategy

Provaris taps Prodtex to build and test prototype tank for its compressed hydrogen carrier

Provaris Energy has initiated a prototype tank testing program as a further step toward obtaining final Class Approval required for its hydrogen carrier and storage solutions. To this end, Provaris’ Norwegian subsidiary has hired Prodtex AS to construct and test a prototype hydrogen tank for its pro

about 3 years ago
NYK NBA MAGRITTE
Outlook & Strategy

NYK breaks new ground with its 1st ever wind-assisted propulsion installation

NYK Bulkship (Atlantic) N.V., a subsidiary of the NYK Group headquartered in Antwerp, Belgium, will introduce a wind-assisted ship-propulsion unit on one of its vessels currently under a long-term charter contract with Cargill International S.A., a prominent Swiss-based freight trader. The initiativ

about 3 years ago
USV AS Astilleros Gondan
Outlook & Strategy

In focus: European countries working shoulder to shoulder to curb climate change

With temperatures reaching all-time high all over the globe, it is difficult not to question whether we are doing enough to stop or even slow down global warming. But that did not interrupt the European energy players to make new deals and link up with each other to reap the benefits of the offshore

about 3 years ago
CEM adopts new initiative for scaling low-carbon fuel production
Outlook & Strategy

CEM adopts new initiative for scaling low-carbon fuel production

The Clean Energy Marine Hubs Initiative (CEM-Hubs), the first-of-its-kind platform that brings together the private sector and governments across the energy-maritime value chain to transform maritime transportation and production hubs for future low-carbon fuels, has been adopted by the Clean Energy

about 3 years ago
Hitachi Energy, Sumitomo Electric and Van Oord selected for Scottish subsea cable projects
Outlook & Strategy

Hitachi Energy, Sumitomo Electric and Van Oord selected for Scottish subsea cable projects

Just shortly after announcing NKT as the preferred bidder for the power cable systems, SSEN Transmission revealed it had selected Hitachi Energy to deliver the HVDC converter system for two HVDC transmission links offshore Scotland. Hitachi Energy has been given the preferred supplier status for the

about 3 years ago
DNV UAE decarbonization centre
Outlook & Strategy

UAE partners with DNV to set up maritime decarbonization centre

United Arab Emirates (UAE) has teamed up with Det Norske Veritas (DNV) on the establishment of a new UAE Decarbonization Centre. H.E Suhail Al Mazrouei, Minister of Energy and Infrastructure, and Knut Ørbeck-Nilssen, CEO DNV Maritime signed a Memorandum of Understanding (MOU) on establishing the fac

about 3 years ago
German Bundesrat adopts revised LNG Acceleration Act
Outlook & Strategy

German Bundesrat adopts revised LNG Acceleration Act

German legislative body Bundesrat has approved the revised act to accelerate the use of liquefied natural gas (LNG Acceleration Act) to include forward-looking rules on energy supply and specify practical provisions on the sustainable, climate-neutral retrofitting of LNG terminals. The previous vers

about 3 years ago
Construction starts for first US subsea rock installation vessel
Outlook & Strategy

Construction starts for first US subsea rock installation vessel

U.S. dredging services provider Great Lakes Dredge & Dock Corporation has held the steel-cutting ceremony for the construction of what is said to be the first U.S. offshore wind subsea rock placement vessel. The ceremony marking the start of construction for the Acadia vessel was held on 20 July at

about 3 years ago
HMM
Outlook & Strategy

HMM Privatization: Bidding kicks off for South Korea’s flagship carrier

The bidding process for the privatization of South Korea’s flagship carrier HMM was officially launched on Thursday in South Korea. The move was confirmed by HMM in a regulatory filing saying that the company’s largest shareholders, government-run banks, Korea Development Bank (KDB), and Korean Ocea

about 3 years ago
A photo of the Sealhyfe offshore green hydrogen production platform next to the Floatgen floating wind turbine
Outlook & Strategy

Lhyfe’s work on ocean reoxygenation through H2 production advances

French hydrogen producer Lhyfe has completed the first step in its work on ocean reoxygenation with the publication, by IRD Brest, of a first scientific article on the results of the research carried out in recent months. The work is a part of Lhyfe’s ambition to decarbonize transport and industry b

about 3 years ago
cargo ship Hokurenmaru No.2
Outlook & Strategy

Japan takes its autonomous shipping to the next level

Japan’s maritime industry is taking significant strides towards the full-scale commercialization of fully autonomous ships, thanks to the MEGURI2040 Fully Autonomous Ship Project. This collaborative effort, administered by the Nippon Foundation and involving 51 companies under the Designing the Futu

about 3 years ago
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