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Market Outlooks

Meyer Werft getting ready for zero-emission cruise ship tech

German shipbuilder Meyer Werft is preparing for the post-COVID-19 future as it is working on a range of new eco-friendly technological solutions for cruise ships.

about 5 years ago

Market Outlooks

Wind propulsion gaining ground in the transition to zero-emissions ships

The black swan year of 2020 has brought many challenges for the shipping industry, including the ongoing crew change crisis, but it has also shown how the sector can be resilient in the face of adversity and pressure. Gavin Allwright, Secretary-General of the International Windship Association (IWSA

about 5 years ago

oil barrels - Rystad - largest crude deficit in years

Market Outlooks

Rystad expects 2021 to bring largest crude deficits in years

The Covid-19 pandemic has devastated crude and condensate demand, creating massive supply surpluses and filling up inventories, according to Rystad.

about 5 years ago

Market Outlooks

Epic Gas, Lauritzen create LPG giant

LPG shipping heavyweight Epic Gas, and Lauritzen Kosan A/S, the gas carrier division of J. Lauritzen, have entered into a deal to combine their fleet and business activities to create BW Epic Kosan. The combination will create a genuine powerhouse in the last mile delivery of LPG and other specialit

about 5 years ago

Market Outlooks

Port of Rotterdam looking into potential of new trade corridors for hydrogen

The Port of Rotterdam, Europe’s leading trading hub, has become part of a feasibility study named HySupply to explore what role could the port play in the possible creation of a new trade corridor for hydrogen. The project is led by Germany, which is investing heavily in hydrogen, and it is focusing

about 5 years ago

Market Outlooks

Scorpio Bulkers: Farewell to dry bulk & welcome to offshore wind

Monaco-based ship owner and operator Scorpio Bulkers will sell its remaining dry bulk vessels, exit the dry bulk sector and change name during 2021 as part of its transition to a sustainable future.

about 5 years ago

OGA's new strategy features net-zero obligations

Market Outlooks

New strategy requires UK oil and gas sector to support net-zero target

A revised Strategy from the UK OGA, featuring a range of new net-zero obligations for the UK oil & gas industry, was submitted before the UK Parliament.

about 5 years ago

Market Outlooks

Nexans joins Climate Group’s RE100 initiative

Cabling specialist Nexans has joined the Climate Group’s RE100 initiative. RE100 is a global initiative bringing together the companies leading the transition to 100 per cent renewable electricity. In line with the Paris agreements, Nexans recently unveiled its roadmap towards carbon neutrality. As

about 5 years ago

Market Outlooks

Norway approves carbon transport and storage project

Following a historic vote in parliament, the Norwegian Government on Tuesday announced its funding decision for the Northern Lights CO2 transport and storage project in Norway. The project will enable the shipping, reception, and sequestration of CO2 in geological strata in the Northern North Sea, a

about 5 years ago

Market Outlooks

WoodMac: 2-degree world to strand 12 trillion cbm of discovered gas

Over three quarters or 77 per cent of new LNG supply are at risk under a 2-degree scenario, according to the latest report by Wood Mackenzie.

about 5 years ago

Market Outlooks

The world to run out of oil supply to meet demand unless exploration speeds up, Rystad reports

The world is on track to run out of sufficient oil supplies to meet its needs through 2050 unless exploration speeds up, Rystad Energy reveals.

about 5 years ago

Market Outlooks

Life after COVID-19: Will the world as we know it change for good?

With the first lockdowns in place in March 2020, the Internet and social media were buzzing with posts and images of empty cities, and in some cities, even wild animals were pictured roaming the streets as if nature was reclaiming the world from humanity. As governments across the globe shut down th

about 5 years ago

Market Outlooks

Green and blue hydrogen investments to jump in 2021

Hydrogen production is expected to see a significant hike in investment in 2021, as more hydrogen projects get the green light.

about 5 years ago

Market Outlooks

Offshore wind investments to swell in 2021 with new markets

Investments in offshore wind projects in new and emerging markets next year will result in offshore wind gaining a greater share of the total wind power market globally, according to the latest report from Fitch Solutions. There are currently over 66 GW of offshore wind in pre-construction or constr

about 5 years ago