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Market Outlooks

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Offshore wind: Both challenges and enormous opportunities lie ahead
Market Outlooks

Offshore wind: Both challenges and enormous opportunities lie ahead

The offshore wind industry has faced significant headwinds in the past couple of years, with most of the negative effects tracing their origin back to the start of the COVID-19 pandemic and the geopolitical turmoil caused by Russia’s aggression against Ukraine. This has led to supply chain instabili

about 2 years ago
Clarksons: 2023 a positive year for shipping as China delivers 50% of shipbuilding output
Market Outlooks

Clarksons: 2023 a positive year for shipping as China delivers 50% of shipbuilding output

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Seaborne trade has witnessed a notable uptick in 2023, registering a 3% increase to a $12.4 billion, according to data from Clarksons Research. The global maritime landscape further unveils a 3% growth in the world fleet, reaching an 2.3 billion deadweight tons (dwt). Despite this expansion, the new

about 2 years ago
UMAS
Market Outlooks

NYK CEO warns: Post-cold war international order unsustainable, signalling uncharted waters ahead

The maritime industry stands at the nexus of geopolitical intricacies, grappling with unprecedented challenges that demand astute navigation and strategic foresight. The latest attacks in the Red Sea against merchant ships come on the back of a series of black swan events, each more intricate and ch

about 2 years ago
2023 in review: A transformative year for shipping and maritime
Market Outlooks

2023 in review: A transformative year for shipping and maritime

In the maritime realm, 2023 has been a year marked by transformative projects and announcements, on both the regulatory side, ship designing, and shipbuilding front as well as demand signals for the production of alternative fuels. Amidst geopolitical turbulences in the Middle East, the ongoing conf

about 2 years ago
Illustration; Source: Westwood
Market Outlooks

2024 offshore drilling outlook: Westwood’s top three predictions for rig market

Westwood Global Energy, an energy market research and consultancy firm, has outlined its top three predictions for 2024.

about 2 years ago
Illustration; Source: Wood Mackenzie
Market Outlooks

Energy outlook: Is gas and LNG growth freeze on the cards in 2024?

Wood Mackenzie has come up with ten predictions for the energy industry in 2024, which hint at a downturn in gas, LNG.

about 2 years ago
Illustration; Source: U.S. Energy Information Administration (EIA)
Market Outlooks

2023 state of energy in review: Gas and green shift as centerpieces of future mix

Following the global energy crisis in 2022, energy security reigned supreme on countries’ energy agendas during 2023.

about 2 years ago
GAC
Market Outlooks

GAC Germany to open office in Stade as it readies for LNG vessel surge

GAC Germany, a provider of shipping and logistics services in Northern Europe and a subsidiary of the UAE-based Gulf Agency Company (GAC), is set to open a new office in Stade on January 1, 2024.

about 2 years ago
Hydrogen production to increase to 110 Mt per year by 2030, study says
Market Outlooks

Hydrogen production to increase to 110 Mt per year by 2030, study says

By 2030, global hydrogen production will increase to 110 million metric tons (Mt) per year, and probably to 240 Mt by 2040, according to a study, ‘The Roaring ’30s – A clean hydrogen acceleration story,’ by the German-based management consultancy Roland Berger. The study revealed that global hydroge

about 2 years ago
Safe Concordia; Source: Prosafe
Market Outlooks

Prosafe: With new vessel tenders on the horizon, tightening of supply on the cards

Oslo Stock Exchange-listed Prosafe is in high hopes over the upcoming tendering activity for 2025 and beyond, as the market tightens.

about 2 years ago
Port
Market Outlooks

Navigating the new normal: Vessel rerouting spurs higher emissions as ships avoid the Red Sea

In recent weeks, the Red Sea has become the epicenter of heightened tensions as Yemen’s Houthi group escalated their attacks on commercial vessels, sending shockwaves throughout the maritime industry. Germany’s Hapag-Lloyd and Hong Kong’s OOCL joined on Thursday numerous shipping companies, includin

about 2 years ago
Strohm Manager Reusing existing pipelines for offshore hydrogen is the best solution, but...
Market Outlooks

Strohm Manager: Reusing existing pipelines for offshore hydrogen is the best solution, but…

Reusing existing pipelines for offshore hydrogen is the best solution that can be used, however, this does come with certain challenges, according to Bart Steuten, Product Development Manager at Strohm, Dutch thermoplastic composite pipe (TCP) producer. During Strohm’s presentation at The Stage at t

about 2 years ago
methanol bunkering Singapore
Market Outlooks

Meeting IMO’s 2030 targets not out of grasp?

Despite the challenges that defined this year, the maritime industry may be closing the chapter on 2023 with a sense of optimism. Namely, BIMCO’s recent analysis provides a beacon of hope, suggesting that the International Maritime Organization’s (IMO) ambitious goal of achieving 5% zero or near-zer

about 2 years ago
DMEC: Mix of offshore renewable energy sources key to reliable energy system
Market Outlooks

DMEC: Mix of offshore renewable energy sources key to reliable energy system

During the session on stage at this year’s Offshore Energy Exhibition & Conference (OEEC) in Amsterdam, the Netherlands, Dutch Marine Energy Center (DMEC) emphasized that a combination of offshore renewable energy sources, storage methods and nature-inclusive design is needed to build a solid energy

about 2 years ago