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Market Outlooks

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There is NO time for antagonism among marine fuel proponents
Market Outlooks

There is NO time for antagonism among marine fuel proponents

As the world witnesses the devastating impact of climate change through catastrophic events like wildfires engulfing the Greek island of Rhodes and northern Algeria, and the occurrence of giant supercells in Italy, the need for urgent and sustainable solutions within the energy industry, the maritim

about 3 years ago
The North Field off Qatar; Source: Qatargas
Market Outlooks

With 18 oil & gas projects, worth $60.2 billion, in the works, Qatar set on upping the LNG ante

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Qatar’s energy sector is positioned for further growth, solidifying the country’s position as the world’s top exporter of LNG.

about 3 years ago
seafarers
Market Outlooks

Record high officer supply shortfall threatens manning costs, warns Drewry

Officer supply shortfall has reached a record high and is not expected to improve, leading to manning cost inflation, according to the latest Manning Annual Review and Forecast report published by shipping consultancy Drewry. The 2023 officer availability gap has widened to a deficit equating to abo

about 3 years ago
LNG is cheaper than VLSFO, Sea Intelligence says
Market Outlooks

LNG is cheaper than VLSFO, Sea Intelligence says

Liquefied natural gas (LNG) has become cheaper maritime fuel than Very Low Sulphur Fuel Oil (VLSFO), according to the most recent analysis made by Danish consultancy Sea-Intelligence. To comply with the IMO2020 regulations aimed at cutting sulphur emissions, the shipowners were given a choice betwee

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

IEA: Ensuring gas supply security and decarbonisation high on global energy market’s agenda

A new report says closer dialogue between producers and consumers is required to ensure security of gas supply while curbing emissions.

about 3 years ago
Illustration; Source: APPEA
Market Outlooks

Gas rush paints LNG as energy transition’s trump card to low-carbon future

Gas has solidified its position at the top of the energy pyramid, thus, the pursuit for more natural gas and LNG is in full swing.

13 minutes read
Maersk
Market Outlooks

Clarksons: 44 pct of ships ordered in H1 are alternatively fueled

Green transition remains a central underlying driver for shipping markets, according to the latest review from Clarksons Research, which estimates that 44% of newbuild tonnage ordered in the first half of this year was alternative fueled. With 62 orders secured in the first six months of 2023, metha

about 3 years ago
IDTechEx: Global low-carbon hydrogen market to reach $130 billion by 2033
Market Outlooks

IDTechEx: Global low-carbon hydrogen market to reach $130 billion by 2033

Technology company IDTechEx has predicted that the low-carbon hydrogen market will grow substantially over the next decade, reaching $130 billion by 2033. In its new report, “Hydrogen Economy 2023-2033: Production, Storage, Distribution & Applications,” IDTechEx evaluates the necessary components to

about 3 years ago
Saudi Arabia and France form energy alliance, H2 and electricity in focus
Market Outlooks

Saudi Arabia and France form energy alliance, H2 and electricity in focus

Saudi Arabia and France have agreed to strengthen their cooperation in the field of energy, acknowledging that energy is one of the main pillars of their mutual long-term partnership. The two countries affirmed their commitments by signing a Memorandum of Understanding (MoU) on 2 February 2023. Both

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

In focus: CCS and renewables leading the energy transition race

The summer holiday season doesn’t seem to be slowing down the activities of the global energy sector. Energy companies are still moving strongly towards a low-carbon and sustainable future, with carbon capture and storage (CCS) and renewables serving as the main topics of the conversation. TotalEner

about 3 years ago
AD Ports
Market Outlooks

AD Ports Group inks concession deals with KTP, Congo

UAE-based port operator AD Ports Group has signed a concession agreement with Karachi Port Trust (KPT), the Pakistani federal government agency that oversees the operations of the Port of Karachi. Under the terms of the 50-year concession agreement, a Joint Venture between AD Ports Group, as a major

about 3 years ago
New study points to Gulf’s potential as source of low-carbon H2 for Europe
Market Outlooks

New study points to Gulf’s potential as source of low-carbon H2 for Europe

RINA, the inspection, certification and consulting engineering company, and AFRY, a company specialized in engineering, design and advisory services, have undertaken an initial study of how the Gulf region and Europe could be linked directly with a pipeline to transport low-carbon hydrogen, and the

about 3 years ago
Electric boat and ship markets gaining momentum, says IDTechEx
Market Outlooks

Electric boat and ship markets gaining momentum, says IDTechEx

In its new report “Electric Boats & Ships 2024-2044,” technology company IDTechEx has provided granular 20-year forecasts in unit sales, battery demand and battery market value for the electric ferry, electric cargo/container, electric Ro-Ro, electric cruise, electric OSV, electric tugboat and elect

about 3 years ago
Canada
Market Outlooks

EU urges IMO to set net-zero emissions target for 2050

The European Union (EU) has put forward an ambitious proposal to achieve net-zero emissions in the shipping sector by 2050. On 21 June 2023, the EU Delegation to the UN, together with Denmark, Palau and Samoa, and with the participation of Special Adviser to the UN Secretary-General and ASG of the C

about 3 years ago