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Market Outlooks

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Intercargo
Market Outlooks

INTERCARGO pushes for urgent CII reforms at MEPC 82

Ahead of the Marine Environment Protection Committee’s (MEPC 82) session, the International Association of Dry Cargo Shipowners (INTERCARGO) has submitted a series of proposals to the International Maritime Organization (IMO), calling for revisions of the Carbon Intensity Indicator (CII). INTERCARGO

about 2 years ago
Illustration; Source: Vallourec
Market Outlooks

Vallourec expands pipe coating services with acquisition of Brazillian firm

France’s tubular solutions provider Vallourec has entered into a definitive agreement with Mattr to acquire 100% of the shares in its subsidiary, Thermotite do Brasil, a provider of thermal insulation pipe coating services for the offshore oil and gas industry. Vallourec is acquiring Thermotite do B

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about 2 years ago
Illustration; Source: BV
Market Outlooks

Closing ‘reality gap’ between net zero ambition and energy transition action requires US and EU to pull all decarbonization levers

McKinsey & Company, a global management consulting firm, highlights the need to up the climate action ante by scaling up interrelated low-emission and green technologies.

about 2 years ago
ICS: Protectionist policies heighten risks for shipping amid global geopolitical unrest
Market Outlooks

ICS: Protectionist policies heighten risks for shipping amid global geopolitical unrest

Protectionism represents a growing risk for the shipping decision-makers, driven by geopolitical instability, national energy security concerns, global and regional economic crises, and government-led manufacturing incentives favoring local production, a recent report shows.

about 2 years ago
MMMCZCS
Market Outlooks

IRENA: Renewable hydrogen sector to potentially reshape global energy trade

The renewable hydrogen sector could play a crucial role in reshaping global energy trade, creating opportunities for new players, including developing countries, a new IRENA report found.

about 2 years ago
Draghi Report: EU needs to secure shipping’s competitiveness by scaling up clean fuel production
Market Outlooks

Draghi Report: EU needs to secure shipping’s competitiveness by scaling up clean fuel production

Significant investments in green transition are needed for European shipping to remain competitive, a new report found.

about 2 years ago
Potential turbine by Nova Innovation
Market Outlooks

Industry welcomes boost to tidal stream projects following latest UK renewables auction results

Key industry players have welcomed the recent UK renewables auction results, where six tidal stream projects secured contracts, viewing it as a strong endorsement of the tidal energy sector’s growth. Five developers secured contracts to develop a total of 28 MW of tidal stream energy across the UK.

about 2 years ago
LR: Widespread biofuel adoption in shipping hindered by feedstock availability and competition demand
Market Outlooks

LR: Widespread biofuel adoption in shipping hindered by feedstock availability and competition demand

The widespread adoption of biofuels as a drop-in replacement for fossil fuels and a cost-effective way of meeting tightening regulations in the shipping industry hinges on overcoming challenges such as feedstock availability and demand competition from other transport sectors, Lloyd’s Register (LR)

about 2 years ago
DNV: Energy-saving technologies crucial to reduce maritime emissions until carbon-neutral fuels become viable
Market Outlooks

DNV: Energy-saving technologies crucial to reduce maritime emissions until carbon-neutral fuels become viable

Faced with challenges such as short supplies of carbon-neutral fuels, the shipping industry needs to explore every option for reducing fuel consumption in order to reach the 2030 decarbonization goal of 20% emissions reductions set by the International Maritime Organization (IMO), Norwegian classifi

about 2 years ago
A vessel next to an offshore platform
Market Outlooks

Rystad: With global gas markets in ‘fragile equilibrium,’ more LNG key to 2030 energy targets

Based on the 2024 Global Gas Report, the world may face an energy deficit soon, with renewable energy targets at risk of falling through due to insufficient funding allocated to gas and clean energy projects.

about 2 years ago
NGOs file case against EU Commission over green labeling of LNG-fueled ships
Market Outlooks

NGOs file case against EU Commission over green labeling of LNG-fueled ships

A coalition of non-governmental organizations (NGOs) has decided to take the EU Commission to court over the decision to include polluting fossil fuel ships in the EU’s flagship sustainable finance legislation, the EU Taxonomy.

about 2 years ago
Hexagon Purus
Market Outlooks

Op-ed: Overcoming barriers to hydrogen adoption in maritime: A path to a cleaner future

The global shipping industry, responsible for approximately 3% of total greenhouse gas emissions, stands at a crucial turning point. To achieve the International Maritime Organization’s (IMO) net-zero greenhouse gas (GHG) emissions target by 2050, clean fuels must be adopted at scale.

about 2 years ago
WindEurope's Giles Dickson: Money, mindset and mobility main showstoppers for jobs in wind energy
Market Outlooks

WindEurope’s Giles Dickson: Three Ms main showstoppers for jobs in wind energy

The wind energy industry employs 370,000 people in Europe, however, if countries act on their goals, 600,000 jobs will be needed by 2030 and finding and skilling is one of the biggest challenges that the continent is facing, according to Giles Dickson, CEO of WindEurope. At a session held at the ONS

about 2 years ago
A large vessel at sea
Market Outlooks

‘Challenging’ period for LNG fleet ahead unless freight efficiency increases, Norwegian firm’s analysis shows

Awilco LNG, a Norwegian-based fully integrated pure-play liquefied natural gas (LNG) transportation provider, has highlighted in its analysis of the LNG market trends in the first half of 2024 and predictions for the upcoming period that the market activity is picking up the pace even though the cha

about 2 years ago