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Market Outlooks

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IWSA reveals threefold increase in wind propulsion installations
Market Outlooks

IWSA reveals threefold increase in wind propulsion installations

There were forty-five vessels with wind propulsion technology installed on board in addition to ten wind-ready vessels by the end of July this year, the International Windship Association (IWSA) revealed.

about 2 years ago
norled
Market Outlooks

MTF explores hydrogen bunkering gaps as IMO prepares guidelines for safe ship design

The Maritime Technologies Forum (MTF) has published a new report offering guidelines and key safety considerations for developing liquefied hydrogen bunkering systems and procedures.

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about 2 years ago
ICS: 411 new hydrogen ships needed to meet future hydrogen demand
Market Outlooks

ICS: 411 new hydrogen ships needed to meet future hydrogen demand

To meet 30 million tonnes of annual global green hydrogen demand, the world would require 411 new hydrogen vessels, according to a new report published by the International Chamber of Shipping (ICS).

about 2 years ago
WAPS
Market Outlooks

Shipping industry nears 100-installation milestone of wind propulsion systems

The application of WAPS across a variety of vessel types is nearing a tipping point with deployment likely to increase rapidly, LR said.

about 2 years ago
sails
Market Outlooks

Op-ed: The digital age of sails

In shipping’s modern age, harnessing wind power is as much about adopting solutions like weather routing and voyage optimisation as it is about the physical wind-assisted propulsion system (WAPS) itself.

about 2 years ago
Slow-developing e-fuel market prompts Ørsted to terminate FlagshipONE project
Market Outlooks

Slow-developing e-fuel market prompts Ørsted to terminate FlagshipONE project

Ørsted decided to cease the development of commercial-scale e-Methanol facility under construction, the FlagshipONE project in Sweden.

about 2 years ago
Cruise
Market Outlooks

As cruise ships swell in size, carbon emissions follow suit

The increase in cruise ship sizes and the rapid growth in cruise holidays comes at a significant environmental cost, a new report published by Transport & Environment (T&E) shows. The world’s biggest cruise ships are now twice as big as they were in 2000. If they continue to grow at this rate, the b

about 2 years ago
CPLP cleared to shift focus to LNG carriers and energy transition business
Market Outlooks

CPLP cleared to shift focus to LNG carriers and energy transition business

CPLP has secured approval of corporate conversion and name change as it plans strategic pivot to the LNG and energy transition business.

about 2 years ago
Shipping to play key role in enabling hydrogen economy, report says
Market Outlooks

Shipping to play key role in enabling hydrogen economy, report says

Shipping can play a key role as an enabler of the hydrogen economy, according to a new report, presented by the International Chamber of Shipping (ICS).

about 2 years ago
Ocean Apex rig; Source: Diamond Offshore
Market Outlooks

Noble-Diamond Offshore merger process is off to a good start: Will it prompt further rig market consolidation moves?

With two of the world’s top five floating rig contractors merging into one, the market consolidation trend is ripe for further such moves, bringing the possibility of transformation endeavors in existing business models and a potential shift in offshore rig supply and demand dynamics.

about 2 years ago
Interview with Rovco CEO: New technologies can close huge offshore wind skills gap
Market Outlooks

Interview with Rovco CEO: New technologies can close huge offshore wind skills gap

New technologies have the ability to massively close the huge skills gap and shortage of workers that is looming over the offshore wind industry, allowing 10 to 17 times more work to be done by one person, according to Brian Allen, CEO of Rovco, a UK company focused on automating offshore wind servi

about 2 years ago
Germany approves import strategy for hydrogen and its derivatives
Market Outlooks

Germany approves import strategy for hydrogen and its derivatives

German Federal Cabinet has approved the import strategy for hydrogen and hydrogen derivatives.

about 2 years ago
Carbon insetting
Market Outlooks

Interview: Carbon insetting is applicable to all green fuels

As the maritime industry is looking for ways to reduce CO2 emissions and reach its ultimate goal of net zero, carbon insetting has emerged as a promising strategy. While some shipping companies have already pioneered carbon insetting, others still perceive it as uncharted territory.

about 2 years ago
Dawn of European hydrogen market – is EU doing enough to support it?
Market Outlooks

Dawn of European hydrogen market – is EU doing enough to support it?

To support the development of the European hydrogen market, the European Union (EU) has, among other activities, adopted a regulation and a directive establishing internal market rules for hydrogen and started work on a pilot mechanism that aims to accelerate investments. However, major European hyd

about 2 years ago