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Market Outlooks

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NYSE
Market Outlooks

Big money forcing Big Oil into climate change revolution

With the annual general meeting season now behind us, many oil majors have felt the heat from investors – most prominently BlackRock – or courts to put more effort into accelerating climate action.

about 5 years ago
containerships
Market Outlooks

Biofuels may raise enforcement concerns, new study finds

The European Community Shipowners’ Associations (ECSA) and the International Chamber of Shipping (ICS) have commissioned a new study on the upcoming FuelEU Maritime proposal raising serious concerns over biofuel promotion.

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about 5 years ago
In focus: ‘Energy transition, step up your game’
Market Outlooks

In focus: ‘Energy transition, step up your game’

There is a reason why we speak of energy transition instead of energy revolution. It is a process in which we gradually phase out fossil fuels

about 5 years ago
Jensen, CEO of Hapg-Lloyd
Market Outlooks

Jansen: No technology in sight to make large ships carbon-neutral in next 3-5 years

At this point in time, there is no technology in sight that would make large, ocean-going ships carbon-neutral in the next three to five years, CEO of German liner company Hapag-Lloyd, Rolf Habben Jansen believes. Jansen was one of the panelists of the Green Shipping Roundtable hosted yesterday by t

about 5 years ago
shipping Port of Antwerp
Market Outlooks

Drewry: Officer shortfall to hit decade-high by 2026

Diminishing attractiveness of a career at sea, coupled with rising man-berth ratios and continued fleet growth will lead to the highest shortfall of officers to crew the world’s merchant fleet in over a decade by 2026, Drewry said in a new manning report. The shipping consultancy believes the latest

about 5 years ago
Rystad: No more trillion-dollar oil & gas tax revenues as energy transition ramps up
Market Outlooks

Rystad: No more trillion-dollar oil & gas tax revenues as energy transition ramps up

Global petrostates can forget trillion-dollar from oil & gas tax revenues as the accelerating energy transition bites, Rystad Energy said.

about 5 years ago
Photo showing Seabased's wave energy technology (Courtesy of Seabased)
Market Outlooks

Seabased to build utility-scale wave energy park in France

Swedish wave energy company Seabased has unveiled plans to build a 10MW wave power park at Audierne Bay, located in the French region of Brittany.

about 5 years ago
Borr Drilling's rigs
Market Outlooks

Borr upbeat about market amid strong tendering and contracting activity

Borr Drilling is optimistic and encouraged by signs of shallow water rig market recovery amid strong tendering and contracting activity.

about 5 years ago
Photo showing Peter Scheijgrond, director of MET-support newly appointed chairman of EWA (Courtesy of ENCORE/Photo by Remco Bohle)
Market Outlooks

Dutch EWA appoints new board with focus on offshore renewables

The Dutch Energy from Water Association (EWA), an industry group promoting renewable energy generation from water in the Netherlands, has announced the appointment of a new board.

about 5 years ago
In focus: Renewables making headway as Shell ruling sounds alarm on energy transition urgency
Market Outlooks

In focus: Renewables making headway as Shell ruling sounds alarm on energy transition urgency

A historic ruling has shaken the energy market this week after a Dutch court ordered oil major Shell to reduce its carbon emissions by 45 per cent by 2030 compared with 2019 levels. The decision was delivered in connection with a climate change case filed against Shell in 2019 by Dutch environmental

about 5 years ago
Fate of two delayed ex-Seadrill drillships still uncertain but owner sees improvement in deepwater market
Market Outlooks

Fate of two delayed ex-Seadrill drillships still uncertain but owner sees improvement in deepwater market

Northern Drilling has no rigs in operation but it does have two new 7th generation ultra-deepwater drillships whose fate is still uncertain.

about 5 years ago
Photo showing HydroQuest's OceanQuest turbine being deployed at Paimpol-Bréhat site (Courtesy of HydroQuest)
Market Outlooks

HydroQuest to develop 17.5MW tidal energy farm at Raz Blanchard

French marine energy company HydroQuest has unveiled plans to develop a 17.5MW tidal energy farm at Raz Blanchard site, located off Normandy in France, following the takeover of the concession for the site from its former operator EDF Renewables.

about 5 years ago
Champs Elyses
Market Outlooks

BIMCO: Shipbuilding orders jump by 119.7% YoY amid record containership demand

Total shipbuilding orders in the first five months of this year have increased by 119.7% compared with the same period in 2020, BIMCO’s data shows. The massive rebound in ordering has been driven by record high containership contracting, as investors in this segment find themselves flush with cash.

about 5 years ago
Concept for MPS' marine renewable energy farm (Courtesy of MPS)
Market Outlooks

MPS unveils crowdfunding campaign plans

Marine Power Systems (MPS) has opened pre-registration for early access to a crowdfunding campaign run by equity investment experts Crowdcube, with the public campaign due to go live in June.

about 5 years ago