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Market Outlooks

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C40 Cities
Market Outlooks

LNG dual-fuel vessels offer faster payback than methanol and ammonia, says SEA-LNG

Investments in LNG dual-fuel vessels offer shipowners a shorter payback period than methanol, ammonia, or VLSFO, a new analysis from industry coalition SEA-LNG has found.

about 1 year ago
Illustration; Source: Rystad Energy
Market Outlooks

Fossil fuels are here to stay just like their greener brethren

The wheels of the global energy mix continue to turn, making changes to the fossil fuel-dominated scenery more visible with new pathways being forged to push decarbonization forward and accommodate emerging energy supply sectors. Regardless, the previous year still brought multiple updates on steps

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12 minutes read
Shipping emissions can drop over 95% by 2050 with policy support, report says
Market Outlooks

Shipping emissions can drop over 95% by 2050 with policy support, report says

International shipping can reach zero or very near zero tank-to-wake (TTW) CO2 emissions by 2050, and achieve 95%+ reductions in well-to-wake (WTW) greenhouse gas (GHG) emissions from 2018 levels, in scenarios aligned to a 1.5°C global temperature goal, according to a report from ERM, UMAS and UCL,

about 1 year ago
Aftermath of IMO’s net-zero framework: ‘Historic’ agreement or ‘total shipwreck’?
Market Outlooks

Aftermath of IMO’s net-zero framework: ‘Historic’ agreement or ‘total shipwreck’?

During the session held from April 7 to April 11, MEPC 83 approved the IMO Net-Zero Framework, said to be the first in the world to combine mandatory emissions limits and greenhouse gas (GHG) pricing across an entire industry sector.

about 1 year ago
Additional 57 ports could be upgraded with LNG bunkering facilities by end of 2026
Market Outlooks

Additional 57 ports could be upgraded with LNG bunkering facilities by end of 2026

According to Intermodal, it is expected that the LNG bunkering market is poised for substantial expansion in the coming years,

about 1 year ago
C40 Cities
Market Outlooks

Can hydrogen deliver? Industry leaders weigh in on costs, policy and progress

Hydrogen has long been a staple of industrial processes, but its potential as a decarbonization tool remains the subject of intense debate. While its role in refining, steel production and heavy transport is increasingly recognized, fundamental challenges persist – chief among them cost, infrastruct

about 1 year ago
MacArtney Group has established a new office in Dubai to expand its reach in the Middle East, North Africa (MENA), and India, aiming to enhance local support and drive regional growth.
Market Outlooks

MacArtney opens UAE office to expand regional presence

Denmark-based underwater technology specialist MacArtney has established a new office in Dubai, UAE, to expand its reach in the Middle East, North Africa (MENA), and India, aiming to enhance local support and drive regional growth. According to MacArtney, the move aligns with the company’s strategy

about 1 year ago
Illustration; Source: Navingo
Market Outlooks

Ship It Zero urges shipping companies and retailers to accelerate the use of e-fuels

In response to ZEMBA accepting bids for its e-fuel-focused tender, Ship It Zero campaign has called on shipping companies and retailers to accelerate the use of e-fuels.

about 1 year ago
GlobalData: Hydrogen economy is in critical phase of development
Market Outlooks

GlobalData: Hydrogen economy is in critical phase of development

The hydrogen economy is currently in the critical phase of its development, according to data and analytics company GlobalData.

about 1 year ago
fleet
Market Outlooks

UCL: Over a third of world fleet needs to embrace zero-emission tech or face ‘premature scrapping’

A rapid transition could lead to “premature scrapping” of over a third of the fleet, valued at over $400 billion, unless they undergo costly retrofits to remain competitive in the wake of new greenhouse gas (GHG) policies and wider energy transition, a new report shows.

about 1 year ago
IMO
Market Outlooks

IMO: Shadow fleet, decarbonization and geopolitical tensions are top 3 focus areas in 2025

The International Maritime Organization (IMO)—the world’s shipping regulator— prepares to address a range of pressing issues in 2025, with the top three being dark fleet, decarbonization and geopolitical pressures.

about 1 year ago
product tanker
Market Outlooks

Product tanker deliveries to jump 256% in 2025

Product tanker newbuild deliveries are expected to reach 12 million deadweight tonnes (dwt) in 2025, with deliveries set to jump 256% compared to the 3.4 million dwt delivered in 2024, shipping association BIMCO revealed.

about 1 year ago
Illustration; Source: Westwood
Market Outlooks

$54 billion in engineering, procurement and construction contracting opportunities on offshore oil & gas agenda for 2025

The batch of new projects, which are expected to reach the EPC stage this year, is anticipated to lead to awards worth billions of dollars for jobs related to associated subsea equipment, offshore platforms, floating production units, and liquefied natural gas (LNG) equipment and facilities, based o

about 1 year ago
DNV: LNG dominated alternative-fuel ship orderbook in ‘exceptional newbuilding’ year
Market Outlooks

DNV: LNG dominated alternative-fuel ship orderbook in ‘exceptional newbuilding’ year

Described as the maritime industry’s “exceptional newbuilding year”, 2024 yielded a record number of LNG-fueled ship deliveries, according to the latest data from DNV’s AFI platform.

about 1 year ago