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Market Outlooks

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Illustration/Mocean Energy’s Blue X wave energy device offshore Orkney (Courtesy of Mocean Energy/Photo by Colin Keldie)
Market Outlooks

Mocean Energy hails €3.7M EuropeWave funding boost as significant step towards wave energy scale-up

Scottish company Mocean Energy has secured €3.74 million in EU funding to develop and deploy a 250kW wave energy device offshore Orkney, as part of the EuropeWave project.

about 3 years ago
Illustration/BIMEP and EMEC wave energy test sites (Courtesy of EuropeWave)
Market Outlooks

EuropeWave unveils top 3 wave energy finalists

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EuropeWave project has selected three finalists – CETO Wave Energy Ireland, IDOM Consulting and Mocean Energy – to fabricate, deploy and demonstrate their prototype designs in the third and final phase of the collaborative wave energy project.

about 3 years ago
Dirk Schulze, CEO SCHOTTEL Marine Technologies (Courtesy of SCHOTTEL Marine Technologies)
Market Outlooks

SCHOTTEL Marine Technologies merges German and UK ops with focus on floating offshore renewables

SCHOTTEL Marine Technologies, the new company name for Germany’s AQUOS SCHOTTEL Marine Technologies and Scotland’s Swift Anchors, has integrated its operations to ramp-up deployment of its anchoring solutions for floating offshore renewables.

about 3 years ago
Illustration (Courtesy of Wave Energy Scotland)
Market Outlooks

Op-ed: Contracts for Difference – Time for something different?

Marine Energy Wales’ project manager Jay Sheppard outlines his thoughts on how the current Contracts for Difference funding mechanism for low carbon electricity could be improved.

about 3 years ago
LCO2
Market Outlooks

Rystad Energy: 55 CO2 carriers needed by 2030

A fleet of 55 carbon dioxide (CO2) carriers will be required by 2030 to meet the upcoming demand from the offshore storage projects, according to Rystad Energy, which estimates that more than 90 million tonnes per annum (tpa) of CO2 will be shipped by the end of the decade. The estimated volume will

about 3 years ago
Coral-Sul FLNG (for illustration purposes); Source: Eni
Market Outlooks

WoodMac: FLNG market’s outlook ‘bullish’ with Africa at the core of ongoing boom

Wood Mackenzie’s report shows that the FLNG sector is thriving and ready for new capacity with Africa positioned at the heart of this growth.

about 3 years ago
Höegh LNG Aker bp
Market Outlooks

Höegh LNG, Aker BP forge alliance on CO2 transportation and storage

Norwegian owner and operator of LNG carriers and FSRUs Höegh LNG has entered into a strategic partnership with oil major Aker BP to develop a fully comprehensive carbon capture and storage (CCS) offering for industrial CO2 emitters in Northern Europe. Under the agreement, the two companies plan to c

about 3 years ago
Illustration; Source: Westwood
Market Outlooks

Despite higher day rates, new rig orders not on the cards soon, says Westwood

While Westwood believes that a newbuilding cycle will not happen anytime soon, any new rig orders are likely to be for jack-ups.

about 3 years ago
nogaps
Market Outlooks

Ammonia-powered ships expected to be 50-130 pct pricier to build

The financial cost of building an ammonia-powered gas carrier is poised to outstrip that of an equivalent gas carrier by a staggering 50 to 130 percent over the forthcoming years. The estimate builds upon findings from interviews with actors across the ship finance space including banks, funds, priv

about 3 years ago
Raymond Alcorn, CEO and founder of Exceedence (Courtesy of UCC)
Market Outlooks

Exceedence launches €500K crowdfunding campaign

Irish fintech company Exceedence has launched a crowdfunding campaign on Seedrs platform, aiming to raise €500,000 to advance its software solution exfin that can help accelerate the roll out of offshore wind, wave and tidal energy projects.

about 3 years ago
Survey: Passengers interested in paying more for reduced emissions
Market Outlooks

Survey: Passengers interested in paying more for reduced emissions

An impressive majority of 68 percent of Finnish maritime respondents who participated in a recent survey have expressed their willingness to pay more money in exchange for emission reduction on their travels. The EPSI Rating’s Passenger Transport 2023 survey examined the customer experience and cust

about 3 years ago
methanol-powered feeder
Market Outlooks

World’s 1st methanol-powered boxship completes Europe’s inaugural methanol bunkering on final leg to Copenhagen

Slowly but surely the world’s first containership powered by green methanol is making its way from South Korea to its final destination of Copenhagen where it will be christened in September. The 2,100 TEU boxship, built by Hyundai Mipo Dockyard, has arrived in the Port of Rotterdam, the final stop

about 3 years ago
Northern Lights
Market Outlooks

Blue ammonia to be abundantly available for maritime industry by 2027, says Maersk Mc-Kinney Moller Center

Blue ammonia, an attractive fuel for the maritime industry, is expected to become available in significant quantities by 2027, with the potential for significant scale-up in production over subsequent years, according to a recent report by Maersk Mc-Kinney Moller Center for Zero Carbon Shipping. The

about 3 years ago
Safe Concordia; Source: Prosafe
Market Outlooks

Prosafe sees new opportunities for its vessels as tender activity for 2024 and beyond heats up

Prosafe is optimistic about the demand outlook for 2024 and beyond thanks to a substantial boost in tendering activity for this period.

about 3 years ago