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Outlook & Strategy

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Klaveness Combination Carriers KCC
Outlook & Strategy

KCC links freight earnings to carbon reduction in shipping contract

KCC Chartering AS, a subsidiary of Klaveness Combination Carriers ASA and South32 Marketing Pte, a subsidiary of mining and metals company South32, have agreed to include a carbon pricing mechanism in their existing contract of affreightment (COA). In the six-year COA between KCCC and South32, annou

about 3 years ago
MOU HMM, Lotte
Outlook & Strategy

HMM joins hands with LOTTE Fine Chemical on ammonia shipping

South Korean shipping major HMM has signed a Memorandum of Understanding (MoU) with compatriot specialty chemicals company LOTTE Fine Chemical for the marine transportation of ammonia. The MoU also covers the bunkering of ammonia and methanol fuel and comes after HMM made a major order for methanol-

about 3 years ago
FPSO Captain; Source: Ithaca Energy
Outlook & Strategy

UK oil & gas operators facing ‘biggest offshore stoppage in a generation,’ as offshore workers down tools

1,300 offshore workers will embark on a “historic” 48-hour stoppage on dozens of offshore platforms on the United Kingdom Continental Shelf.

about 3 years ago
Stena Prosperous
Outlook & Strategy

Proman Stena Bulk makes waves with 1st barge-to-ship methanol bunkering on US Gulf Coast

Proman Stena Bulk, the joint venture between tanker company Stena Bulk and methanol producer Proman, has completed the first-ever barge-to-ship methanol bunkering on the US Gulf Coast. The JV tankers Stena Pro Marine and Stena Prosperous were refuelled with methanol via barge while discharging clean

about 3 years ago
Solitaire; Source: Allseas
Outlook & Strategy

Coast Guard medevacs another crew member from Allseas’ vessel

The U.S. Coast Guard has performed medevac of a crew member from one of Allseas’ vessels around 15 miles south of Port Fourchon, Louisiana.

about 3 years ago
EU ETS
Outlook & Strategy

In focus: Cooperation in offshore energy sector is a bellwether for green transition

The “transition” part of the energy transition is beginning to show a more defined shape with each passing day as witnessed in a week behind us that was filled with announcements favoring the net-zero future coming from governments and all the way to private offshore energy companies. Industry major

about 3 years ago
Carbon capture and storage (CCS) process; Source: Energy Information Australia, an initiative funded by the Australian Petroleum Production & Exploration Association (APPEA)
Outlook & Strategy

Carbon capture utilisation and storage to bring ‘significant’ benefits to Australia

APPEA has thrown support behind the Climate Change Authority’s focus on carbon capture technology, as CCUS is seen as important for net-zero.

about 3 years ago
New study to compare efficiency of diesel and hybrid-powered CTVs
Outlook & Strategy

New study to compare efficiency of diesel and hybrid-powered CTVs

Singapore-based shipbuilding company Strategic Marine has commissioned a study to compare the efficiency of traditional diesel-powered and hybrid-powered crew transfer vessels (CTVs). The study will be conducted by the Maritime Energy and Sustainable Development Centre of Excellence (MESD CoE) at Na

about 3 years ago
Concept for Symphony Wave Power device (Courtesy of Symphony Wave Power)
Outlook & Strategy

Dutch wave energy company submits application for EU project subsidy

Dutch-based Symphony Wave Power has submitted an application for EU subsidy, that would be used for the development of wave energy project offshore the Netherlands.

about 3 years ago
WaveRoller deployment offshore Portugal (Courtesy of AW-Energy)
Outlook & Strategy

AW-Energy applauds California’s wave and tidal energy initiative

Finnish wave energy company AW-Energy has welcomed the introduction of the California Senate Bill 605, which calls for a comprehensive and collaborative study to evaluate the feasibility and benefits of using wave energy and tidal energy.

about 3 years ago
Buru Energy: Study shows FLNG solution is feasible option for large-scale gas discovery in Canning Basin
Outlook & Strategy

Buru Energy: Study shows FLNG solution is feasible option for large-scale gas discovery in Canning Basin

Australian oil and gas E&P company Buru Energy, together with compatriot Transborders Energy, has completed a pre-feasibility study for a floating LNG (FLNG) plant solution for its large-scale Rafael conventional gas and condensate discovery in the Canning Basin. Buru Energy commissioned Transborder

about 3 years ago
Rystad Energy forecasts offshore oil production will increase demand for shuttle tankers
Outlook & Strategy

CEO and CFO of KNOT Offshore Partners stepping down

Shuttle tanker owner and operator KNOT Offshore Partners LP announced that Gary Chapman, KNOP’s CEO, and CFO, has given notice that he intends to resign from his roles at the partnership in order to pursue an opportunity outside of the shuttle tanker sector. The company added that Chapman will remai

about 3 years ago
Søren Meyer, CEO, ZeroNorth
Outlook & Strategy

ZeroNorth partners up with Global Maritime Forum and Mærsk Mc-Kinney Møller Center

Technology company ZeroNorth is partnering with the Global Maritime Forum and is a Mission Ambassador for Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping. In its new role as a Global Maritime Forum partner, ZeroNorth will work as an active member of the organisation’s Short-Term Actions Taskf

about 3 years ago
Port of Long Beach
Outlook & Strategy

Resolution passed urging maritime importers to call at San Pedro Port Complex on zero-carbon ships

The Long Beach City Council has passed a Ship It Zero Resolution, which calls on top maritime importers to adopt emissions-reducing technologies and make port calls to the San Pedro Port Complex on zero-carbon ships by 2030. This resolution brings together the city councils governing the U.S. larges

about 3 years ago
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