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Market Outlooks

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Illustration/Wave energy device from Spanish-based developer Arrecife Energy Systems (Courtesy of Arrecife Energy Systems)
Market Outlooks

Spain sets plans to deliver up to 60MW of marine energy and 3GW of floating wind by 2030

Spain has unveiled plans to develop up to 60MW of marine energy and up to 3GW of floating offshore wind capacity by 2030 in a roadmap released by the country’s Ministry for the Ecological Transition and the Demographic Challenge.

about 5 years ago
Hapag-Lloyd
Market Outlooks

Hapag-Lloyd wraps up NileDutch acquisition

Germany’s Hapag-Lloyd — the world’s fifth-largest container shipping company — has closed the acquisition of the Dutch container shipping specialist Nile Dutch Investments B.V. (NileDutch).

about 5 years ago
Illustration/Buried Ocean Battery concept (Courtesy of Ocean Grazer)
Market Outlooks

Ocean Grazer sees energy storage as final piece of energy transition puzzle

Dutch clean technology start-up Ocean Grazer has completed the first live test phase of its Ocean Battery energy storage system, deemed as a ‘missing link’ in the global energy transition movement.

about 5 years ago
Illustration/The solar farm Sekdoorn near Zwolle in the Netherlands (Courtesy of Fraunhofer ISE)
Market Outlooks

Germans pool expertise to test various types of floating solar systems

The Fraunhofer Institute for Solar Energy Systems (Fraunhofer ISE) has teamed up with the Brandenburg University of Technology Cottbus-Senftenberg (BTU) and RWE Renewables to test several floating photovoltaic (PV) systems with different structure designs on open waters.

about 5 years ago
UKCS Decommissioning Cost Estimate 2021 - OGA
Market Outlooks

UK decommissioning costs fall but sector urged to pick up speed

UK’s OGA has revealed that the decommissioning cost estimate has fallen to £46 billion (about $63.7 billion), the fourth year-on-year fall.

about 5 years ago
MSC
Market Outlooks

Shipping company on the list of EU’s top 10 CO2 emitters

Swiss container shipping giant Mediterranean Shipping Company (MSC) is among “Europe’s top 10 climate polluters,” according to the Transport & Environment (T&E) report.

about 5 years ago
containership
Market Outlooks

Drewry: Carrier profits close in on $100 billion

2021 will be the first year in the history of container shipping when carrier profits approach $100 billion and average freight rates jump by 50%, UK-based shipping consultancy Drewry believes. The profit surge is driven by huge operational disruptions as ports battle congestion and lack of equipmen

about 5 years ago
Photo showing the ongoing works at Borndiep test site ahead of TidalKite deployment (Courtesy of SeaQurrent)
Market Outlooks

SeaQurrent prepares Wadden Sea test site for TidalKite lift-off

Dutch tidal energy company SeaQurrent has made progress with the preparation of the test site offshore the island of Ameland in the Wadden Sea ahead of the upcoming demonstration of its full-scale TidalKite device.

about 5 years ago
Illustration/Apollo’s PALM connector (Courtesy of Apollo Offshore Engineering)
Market Outlooks

WES splashes £1.8M on quick connection systems for wave energy

Wave Energy Scotland (WES) has selected three companies to share nearly £1.8 million to demonstrate their quick connection systems which are expected to bring down the cost of wave energy.

about 5 years ago
L to R: Tocardo's tidal turbines; C-Power's SeaRAY device (Courtesy of Tocardo; C-Power)
Market Outlooks

Tocardo, C-Power secure spots on COP26 cleantech investment programme

Dutch tidal energy company Tocardo and U.S.-based marine energy developer C-Power have made it to the Greenbackers Investment Capital’s final list of technology start-ups to take part in an innovative six-month international investment programme.

about 5 years ago
Photo showing SIMEC Atlantis’ team in front of MeyGen’s AR1500 tidal turbine (Courtesy of SIMEC Atlantis Energy)
Market Outlooks

MeyGen delivers record-breaking 37GWh to UK grid as SIMEC Atlantis trims year-end losses

SIMEC Atlantis Energy, the developer of the MeyGen tidal energy project, has reduced the financial losses for 2020 – the year in which MeyGen tidal array exported over 37GWh of clean power to the UK grid, breaking every record for tidal energy production set so far.

about 5 years ago
msc
Market Outlooks

Toft: We are consuming too much fuel and have too many ships in the networks

The container shipping industry has been faced with an unprecedented congestion crunch over the past year and a half, driven by COVID-19 related labour shortages, as well as handling capacity limits resulting in major disruption across the global ports. Massive swings in container shipping demand co

about 5 years ago
Photo showing project partners from The project partners from Oceans of Energy and Dutch government (Courtesy of Oceans of Energy)
Market Outlooks

European recovery fund uplifts Dutch offshore floating solar ambitions

One of the largest funding programmes of the European Union, launched to accelerate the economic recovery following the coronavirus pandemic, has provided a substantial subsidy for the development of an offshore floating solar farm off the coast of The Hague in the Netherlands.

about 5 years ago
containership
Market Outlooks

BIMCO: 277 boxships changed hands in H1 2021

During the first half of 2021, a total 277 container ships have changed hands, a 103.7% jump from 136 ships bought and sold in the same period of 2020, data from Vessels Value shows. The jump testifies to a red-hot container market that has fueled demand for tonnage, not only in the charter market,

about 5 years ago
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