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Market Outlooks

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EU launches first hydrogen mechanism call to link suppliers and buyers
Market Outlooks

EU launches first hydrogen mechanism call to link suppliers and buyers

To connect potential suppliers with buyers of hydrogen and its derivatives in the European Union (EU), the European Commission (EC) has launched its first call for interest under the Hydrogen Mechanism.

about 11 months ago
C40 Cities
Market Outlooks

UCL: Climate transition could hit South Korean, Chinese, and European shipping financiers hardest

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European, Chinese and South Korean financiers have over half of their portfolio tied to oil and gas carriers that are most at risk of becoming stranded assets in the global rush to shift to a low-carbon energy system, a new report by UCL’s Energy Institute Shipping and Oceans Research Group suggests

about 1 year ago
Energy efficiency
Market Outlooks

Energy efficiency measures can slash the cost of shipping’s transition by up to $220B, World Bank report finds

Energy efficiency measures can reduce the total cost of the maritime energy transition by up to $220 billion per year, according to a new report released by the World Bank.

about 1 year ago
UNCTAD
Market Outlooks

Significant costs ahead for shipping industry to decarbonize, UNCTAD says

Clear regulatory signals, greater investment and cooperation among governments, industry and financial actors will be essential to driving the shipping industry’s transition, the United Nations Conference on Trade and Development (UNCTAD) said.

about 1 year ago
Members of the Marine Energy Taskforce (MET)
Market Outlooks

UK marine energy sector growth under discussion by industry stakeholders

Industry stakeholders will gather in Aberdeen next month to explore the UK’s multi-billion-pound wave and tidal energy potential. The Marine Energy 2025 event, organized by Global Underwater Hub (GUH) in partnership with the UK Marine Energy Council (MEC), will take place at GUH’s office in Westhill

about 1 year ago
Illustration/CorPower Ocean’s C3 wave energy device (Courtesy of CorPower Ocean/Photo by Colin Keldie)
Market Outlooks

UK case study shows wave energy lowers cost of 24/7 renewables

A new case study from Swedish wave energy developer CorPower Ocean highlights the role of wave energy in achieving the lowest-cost 24/7 clean energy in northern Scotland. According to CorPower Ocean, wave energy consistently reduces system costs, installed capacity, and storage requirements across s

about 1 year ago
Danish Shipping
Market Outlooks

Danish Shipping: Shipping’s ETS payments should be used to develop green fuel production in Europe

Funds collected as part of the EU’s CO2 Emissions Trading System (ETS) could be used to establish and scale up the production of green fuels in Europe, Danish Shipping said.

about 1 year ago
Fugro logo
Market Outlooks

Fugro withdraws 2025 financial guidance, plans to cut 300 jobs

The Netherlands-headquartered Fugro has announced a reduction of 300 jobs and the withdrawal of its financial guidance for 2025 as a wide range of projects has been affected by postponements due to market uncertainties, mainly seen in oil and gas. Fugro reported on September 22 that although the sec

about 1 year ago
OCCS
Market Outlooks

OCCS – a promising interim solution to cut emissions from shipping

Onboard carbon capture and storage (OCCS) could play an important role as an interim measure for shipping decarbonization while alternative fuels are scaled up, it was heard at a recent seminar organized by the International Maritime Organization (IMO).

about 1 year ago
Louisiana LNG
Market Outlooks

EU-US energy deal seen as political symbol, not LNG game-changer

A recent study by the international intergovernmental organization Gas Exporting Countries Forum (GECF) has highlighted the potential impacts the trade deal signed between the US and the EU could have on liquefied natural gas (LNG) market dynamics.

about 1 year ago
Pecém
Market Outlooks

Rostock and Pecém ports join forces on green (energy) corridor

Germany’s Rostock Port and Brazil’s Port of Pecém have signed a memorandum of understanding (MoU) to jointly develop a transport corridor through which green energy and green products from Brazil can be imported to Germany and Eastern Europe.

about 1 year ago
Accelleron
Market Outlooks

Shipping needs to pool carbon-neutral fuel demand with other industries, Accelleron report shows

Swiss turbocharger producer Accelleron has unveiled its first report on maritime decarbonization with a call on the shipping industry to join the global hydrogen economy by working with other sectors to pool demand for carbon-neutral fuels.

about 1 year ago
IMO’s Net-Zero Framework caught in crossfire ahead of pivotal adoption decision
Market Outlooks

IMO’s Net-Zero Framework caught in crossfire ahead of pivotal adoption decision

IMO’s Net-Zero Framework mandates a new fuel standard for ships and a global pricing mechanism for emissions.

about 1 year ago
Illustration; Source: International Energy Agency (IEA)
Market Outlooks

IEA: Oil & gas decline rates sound the alarm over global energy security risks

Given the accelerated decline in hydrocarbon production rates, a new report from the International Energy Agency (IEA) has warned about the supply risks that output drops carry, as ignoring them has the potential to undermine energy security, market stability, and emissions reduction aspirations, wi

about 1 year ago