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Market Outlooks

BIMCO: Containership deliveries hit new annual record

Ten months into 2024, shipyards’ deliveries of containerships have reached a new annual record, according to the shipping association BIMCO.

about 1 year ago

Market Outlooks

WSC: New EU transport commissioner to play pivotal role in shipping’s decarbonization

The World Shipping Council (WSC), the voice of liner shipping, said that the designated European Commissioner for Sustainable Transport and Tourism, Apostolos Tzitzikostas, will have a key role in securing supply chains and decarbonizing the shipping sector. In a media release issued on November 5,

about 1 year ago

An engineer wearing safety harness onboard a vessel

Market Outlooks

Younger generations key to securing energy sector’s future and tackling skills deficit, report suggests

As part of its My Energy Future initiative, the global non-profit safety and skills body for the energy industry OPITO has published a report on barriers preventing young people from entering the energy sector to glean insights into the steps stakeholders might take to make the industry more appeali

about 1 year ago

Terry Allan, CEO at nexos; Source: nexos

Market Outlooks

Op-ed: Different rules, same game – Thinking differently about UK’s energy future

Terry Allan, CEO of Aberdeen-headquartered nexos, delves into the intricate complexities of the energy industry’s version of a high-stakes poker game in the United Kingdom (UK).

about 2 years ago

Market Outlooks

BV: Regulatory barriers impede widespread uptake of wind propulsion

Despite the promising progress of wind propulsion in shipping, its uptake remains hindered by regulatory barriers, technical challenges, and a lack of confidence among industry stakeholders, classification society Bureau Veritas (BV) said in a recent report.

about 2 years ago

A panel session at Offshore Energy Exhibition & Conference 2023 in Amsterdam

Market Outlooks

OEEC 2024: A lot to talk about

In a little more than five years, renewable energy targets set for 2030 will come knocking on the door. Whether they will be reached, missed or overshot, depends on multiple factors, most of which concern policymakers and the energy sector itself. At the end of 2023, the EU increased the binding ren

about 2 years ago

Market Outlooks

TGS sees record-high OBN contract activity following merger with PGS

Norway-based energy data and intelligence company TGS has reported record-high ocean bottom node (OBN) contract activity in the third quarter of 2024, the first quarter including PGS, with the utilization of its streamer fleet improving on high bid activity. In Q3 2024, TGS said that the activity le

about 2 years ago

Ocean Onyx semi-submersible rig; Source: Noble

Market Outlooks

Noble anticipates step-up in floater rig demand as deepwater oil & gas plays become ‘critical’ to global energy security

Noble Corporation is expecting a ramp-up in drilling demand for the floater fleet from late 2025 and 2026, which will spur further rig reactivations, as it perceives the oil and gas production from deepwater reservoirs as an important factor in the global security of energy supply.

about 2 years ago

18 companies unite for joint industry partnership to accelerate CCUS projects

Market Outlooks

18 companies unite in joint industry partnership to accelerate CCUS projects

Consulting and engineering firm Wood has established and is leading a joint industry partnership (JIP) to accelerate carbon capture, utilization, and storage (CCUS) projects through the creation of industry guidelines for CO2 specifications. Wood set up the JIP to collate industry research and the e

about 2 years ago

Market Outlooks

Smooth transition to zero-carbon fuels is closer to reality, report says

The maritime industry is inching closer to achieving a sustainable transition to zero-carbon fuels, thanks to improvements in ship readiness and fuel handling technologies, as detailed in Lloyd’s Register’s (LR) Maritime Decarbonization Hub’s latest Zero Carbon Fuel Monitor (ZCFM) report. Report ove

about 2 years ago

Market Outlooks

Despite upturn in renewables, fossil fuels accounted for lion’s share of 2023 global energy demand, Eni report finds

Italian energy giant Eni has published the 23rd edition of its global energy statistical review, the World Energy Review (WER). In line with the trends registered over the past few decades, the report identifies a stable growth in global primary energy consumption, with fossil fuels making up four-f

about 2 years ago

Market Outlooks

Global bulker fleet ‘slows down’ in response to decarbonization regulations, new research says

Amid growing global calls for achieving climate neutrality, the bulk carrier sector is seeing a downturn in average speeds, resulting in a decrease of 2.5% in carbon emissions since the beginning of 2021, a new white paper published by Veson Nautical, a London-based provider of maritime freight mana

about 2 years ago

Market Outlooks

LR: Fuel quality continues to be ‘critical issue’ for shipping industry

Ongoing concerns around fuel quality are still a critical factor and significant expense for the maritime industry, class society Lloyd’s Register (LR) said in a new report.

about 2 years ago

Market Outlooks

Report warns ‘business as usual’ will not decarbonize UK by 2050

A consortium of ten universities, led by the University of Plymouth, is warning that urgent action is required for the UK to meet its 2050 Net Zero target, with significant acceleration needed in tidal, wave, and offshore wind energy growth. The latest report, ORE Outlook 2040, from the Supergen Of

about 2 years ago