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Market Outlooks

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Germany
Market Outlooks

Germany: Maritime suppliers see good results thanks to climate-neutral shipping projects

Maritime suppliers in Germany said they are satisfied with the 2023 financial year, with investments in climate-neutral shipping ensuring good capacity utilization.

about 2 years ago
Wales sees ‘significant slowdown’ in marine energy spending
Market Outlooks

Wales sees ‘significant slowdown’ in marine energy spending

Wales’ marine renewable energy sector delivered £29.9 million to the Welsh economy during the 2023 / 24 financial year, a significant slowdown in spending compared to last year’s total of £103.4 million, according to a report by Marine Energy Wales. The decline is thought to be down to the conclusio

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about 2 years ago
Illustration; Source: The International Renewable Energy Agency (IRENA)
Market Outlooks

IRENA: Tripling renewables by 2030 requires higher annual growth rate

IRENA has released Renewable Energy Statistics 2024 which claims that despite renewables becoming the fastest-growing source of power, the world risks missing the tripling renewables target pledged at COP28.

about 2 years ago
propulsion
Market Outlooks

Nuclear propulsion brings emissions-free, longer-lived ships into play

The rise of small modular reactors (SMRs) points to a step change for nuclear applications in shipping if regulatory hurdles can be overcome, classification society Lloyd’s Register said in a new report.

about 2 years ago
Schulte
Market Outlooks

Schulte Group launches new firm for ship emissions management

Germany’s maritime solutions provider Schulte Group has established Ocean Opt, a new company that will serve as a one-stop solution for emissions management for ship managers, owners and charterers.

about 2 years ago
Illustration; Source: Westwood
Market Outlooks

Namibia’s discoveries seen as silver lining: Global drilling costs up but exploration success rate down

High-impact exploration average discovery size is declining while costs have risen for the fifth consecutive year.

about 2 years ago
Shipping
Market Outlooks

MMMCZCS: Dual-fuel ships are future-proof ships

By investing in a dual fuel vessel and using e-fuels, companies that comply with FuelEU and ETS can save up to 10% in total costs of ownership (TCO) over a ship’s lifetime compared to conventional engines burning fossil fuels, according to the latest findings of the Mærsk Mc-Kinney Møller Center for

about 2 years ago
LPG as marine fuel with supportive technologies could deliver significant carbon reductions, report shows
Market Outlooks

LPG as marine fuel with supportive technologies could deliver significant carbon reductions, report shows

LPG as marine fuel, in combination with energy-saving technologies such as onboard carbon capture and storage (OCCS), could deliver a significant carbon reduction, according to a new joint report from Lloyd’s Register (LR) and the World Liquid Gas Association (WLGA).

about 2 years ago
WoodMac: E-fuels can offer solution to power critical transportation segments
Market Outlooks

WoodMac: E-fuels can offer solution to power critical transportation segments

E-fuels can offer a solution to power critical segments of transportation such as ships, long-haul aircraft and heavy-duty commercial vehicles, but the journey needs to start now, a Wood Mackenzie (WoodMac) report said.

about 2 years ago
Illustration; Source: AG&P LNG
Market Outlooks

Global LNG markets facing oversupply while key importing regions work on curbing demand

The new wave of LNG supply is set to flood the market amid demand uncertainty, according to the Institute for Energy Economics and Financial Analysis (IEEFA).

about 2 years ago
SCC: Emissions will skyrocket without urgent action from shipping industry
Market Outlooks

SCC: Emissions will skyrocket without urgent action from shipping industry

The shipping industry must take urgent action to meet ambitious new climate targets set by the International Maritime Organization (IMO), according to a new report from the Sea Cargo Charter (SCC).

about 2 years ago
SLB closes joint venture with Norwegian carbon capture company
Market Outlooks

SLB closes joint venture with Norwegian carbon capture company

American oilfield services company SLB and Norwegian pure-play carbon capture company Aker Carbon Capture (ACC) have completed their previously announced joint venture, which includes ACC’s sale of 80% of its shares in Aker Carbon Capture Holding (ACCH) to a subsidiary of SLB. It was announced in Ma

about 2 years ago
Ammonia cuts shipping GHG emissions by up to 61%, study says
Market Outlooks

Ammonia cuts shipping GHG emissions by up to 61%, study says

An independent study, commissioned by SGMF, has revealed that GHG reductions of up to 61% are now achievable from using ammonia as a marine fuel.

about 2 years ago
Illustration; Source: ADNOC Logistics and Services
Market Outlooks

Twofold increase in LNG vessel orders playing out against the backdrop of elevated newbuilding prices

The number of LNG newbuilding values is perceived to be at a record high with twice as many newbuild orders in 2024 as there were last year.

about 2 years ago