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Market Outlooks

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Hydrogen will be key enabler of energy transition, industry experts claim
Market Outlooks

Hydrogen will be key enabler of energy transition, industry experts claim

At this year’s Gastech, an annual natural gas, LNG, hydrogen, low-carbon solutions and climate technologies event, held in Singapore, industry experts discussed how the global energy industry can help tackle crucial challenges, such as identifying the best means of unlocking investment in energy pro

about 3 years ago
Illustration; Source: The International Renewable Energy Agency (IRENA)
Market Outlooks

G20 leaders agree to expedite efforts to triple global renewable energy by 2030

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G20 leaders have decided to accelerate efforts to triple total renewable energy capacity and underscore the global need for over $4 trillion of annual investments until 2030, endorsing recommendations from the International Renewable Energy Agency (IRENA) for global renewable energy adoption. In a d

about 3 years ago
In focus: Road to net zero has become much bumpier
Market Outlooks

In focus: Road to net zero has become much bumpier

Weening the world off fossil fuels and developing clean alternatives was bound to be hard even in perfect circumstances, but the latest global developments are bringing into question if any of the current efforts to decarbonize and reach net zero are even achievable in the given time-frames. Case in

about 3 years ago
Black & Veatch: Boosted LNG production is vital for propelling energy transition
Market Outlooks

Black & Veatch: Boosted LNG production is vital for propelling energy transition

In its new eBook, LNG: Fueling the Future, LNG infrastructure solutions company Black & Veatch examines the role LNG will play in the future of the global energy landscape. The company detailed how the industry must scale beyond its current production capacity to balance increasing levels of renewab

about 3 years ago
Coral-Sul FLNG (for illustration purposes); Source: Eni
Market Outlooks

WoodMac: FLNG market’s outlook ‘bullish’ with Africa at the core of ongoing boom

Wood Mackenzie’s report shows that the FLNG sector is thriving and ready for new capacity with Africa positioned at the heart of this growth.

about 3 years ago
Illustration; Source: Westwood
Market Outlooks

Despite higher day rates, new rig orders not on the cards soon, says Westwood

While Westwood believes that a newbuilding cycle will not happen anytime soon, any new rig orders are likely to be for jack-ups.

about 3 years ago
Northern Lights
Market Outlooks

Blue ammonia to be abundantly available for maritime industry by 2027, says Maersk Mc-Kinney Moller Center

Blue ammonia, an attractive fuel for the maritime industry, is expected to become available in significant quantities by 2027, with the potential for significant scale-up in production over subsequent years, according to a recent report by Maersk Mc-Kinney Moller Center for Zero Carbon Shipping. The

about 3 years ago
IDTechEx: Storage and distribution is vital part of hydrogen value chain
Market Outlooks

IDTechEx: Storage and distribution is vital part of hydrogen value chain

In its new market report “Hydrogen Economy 2023-2033: Production, Storage, Distribution & Applications,” technology company IDTechEx explores the subject of hydrogen storage and distribution technologies, examining their use cases and highlighting recent commercial activities in this domain. In rece

about 3 years ago
DP World to bolster handling capacity with 3 million TEU
Market Outlooks

DP World to bolster handling capacity with 3 million TEU

Dubai-based port operator DP World expects to add approximately 3 million Twenty-Foot Equivalent Units (TEUs) of new container handling capacity by the end of the year. The company currently manages approximately 9% of the world’s handling capacity, putting it among the top five global port operator

about 3 years ago
Beihai Shipbuilding
Market Outlooks

VesselsValue: Tankers lead the demolition charge

Tankers took the lead in the demolition market, comprising approximately 43% of all scrapped cargo vessels in 2022, according to insights from VesselsValue. Despite this dominance, the number of tankers scrapped actually decreased by 55% YoY, dropping from 123 in 2021 to 55 in 2022. In comparison, t

about 3 years ago
Has the time come for ‘demolition flurry’ everyone was talking about to boost liner profits?
Market Outlooks

Has the time come for ‘demolition flurry’ everyone was talking about to boost liner profits?

The container shipping industry is grappling with a complex challenge – an overcapacity crisis. The surge in new containerships ordered during the pandemic, coupled with supply chain normalization at major ports and inland regions, has led to a flood of capacity that is profoundly disrupting the equ

about 3 years ago
BIMCO: Soaring containership deliveries to push fleet growth by 4.5 m TEU
Market Outlooks

BIMCO: Soaring containership deliveries to push fleet growth by 4.5 m TEU

Deliveries of new container ships during the first seven months of the year reached a new record high of 1.2 million TEU in 2023, beating the previous record by 0.2 million TEU, data from BIMCO shows. As recycling of ships has remained low, the fleet capacity has grown 4.3% since January. The contra

about 3 years ago
maersk
Market Outlooks

Market normalization hits Maersk’earnings as demand woes and phasing in massive orderbook challenges loom

As the demand in the container shipping sector normalizes after a massive surge during COVID-19, the industry majors are reporting lower earnings and bracing for the upcoming period trying to keep discipline in Capex spending. Industry major Maersk reported a better-than-anticipated quarterly profit

about 3 years ago
SEA-LNG: Bio-LNG bunkering is available in almost 70 locations
Market Outlooks

SEA-LNG: Bio-LNG bunkering is available in almost 70 locations

Bio-LNG is available in almost seventy ports worldwide, including in Singapore, Rotterdam, and the US east coast, according to an analysis of the green LNG bunkering market published by SEA-LNG, a multi-sector industry coalition promoting LNG as a marine fuel. The coalition added that bio-LNG used i

about 3 years ago