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Illustration/The AR1500 tidal energy turbine (Courtesy of SIMEC Atlantis Energy)

Market Outlooks

Alderney invites bids for new tidal energy projects

The government of Alderney has invited global tidal energy developers to submit proposals on how they would harness the estimated 3GW of tidal energy resources around the northernmost Channel island.

about 3 years ago

Market Outlooks

GCMD survey unveils decarbonization blind spots: Industry cannot decarbonize without conservatives

Singapore-based Global Centre for Maritime Decarbonization and Boston Consulting Group have revealed major insights from the Global Maritime Decarbonization Survey during a presentation held at Nor-Shipping 2023’s Tradewinds Ocean Stage. The survey sheds light on the current state of maritime decarb

about 3 years ago

Ciel & Terre’s 73.4MWp Kayamkulam floating solar plant in India (Courtesy of Ciel & Terre)

Market Outlooks

French company becomes GW-scale floating solar player

France-based company Ciel & Terre has exceeded 1.5GWp of floating solar projects in its pipeline, claiming the world-record for the company with the most floating solar plants constructed in the world.

about 3 years ago

Tidal turbine foil made for ORPC device as part of CRIMSON Project (Courtesy of ÉireComposites)

Market Outlooks

CRIMSON tidal energy project enters next phase

The EU-backed CRIMSON project has moved to the next stage with the delivery of new foils for ORPC’s tidal energy turbine.

about 3 years ago

Market Outlooks

Minesto reshuffles executive team as new CFO takes the reins

Swedish marine energy company Minesto has expanded its executive team with new members and updated roles, appointing Gustav Kvibling as its new chief financial officer (CFO).

about 3 years ago

Market Outlooks

KNCC all set to order LCO2 carriers featuring its unique containment system

Knutsen NYK Carbon Carriers AS (KNCC) is ready to order LCO2 carriers fitted with its unique Liquefied CO2-Elevated Pressure (LCO2-EP) containment system, the company said. The intention is being revealed on the back of a General Approval for Ship Application (GASA) the company secured for the LCO2-

about 3 years ago

Market Outlooks

Biofuel key to maritime decarbonisation, but challenges present, DNV says

In its latest white paper “Biofuels in shipping,” classification society DNV has reported that the flexibility of biofuels can enable the shipping industry to accelerate its journey towards decarbonisation while maintaining operational efficiency. However, the current limitations in production capac

about 3 years ago

Illustration; Source: American Petroleum Institute (API)

Market Outlooks

Natural gas hailed as backbone of energy mix with security of supply and decarbonisation vying for attention

Natural gas is still forecasted to play a crucial role and act as a trump card while the world embraces the race to net-zero.

about 3 years ago

Market Outlooks

IDTechEx: Methane pyrolysis and turquoise H2 should not be overlooked

In its market report “Blue Hydrogen Production and Markets 2023-2033: Technologies, Forecasts, Players,” technology company IDTechEx explores the topic of turquoise hydrogen and delves into the various methane pyrolysis technologies, their benefits, drawbacks and the key commercial activities shapin

about 3 years ago

Market Outlooks

Ireland and Germany formalise cooperation on green hydrogen

The Irish Department of the Environment, Climate and Communications and the German Federal Research Ministry have signed a Joint Declaration of Intent (JDoI) on cooperation in the field of green hydrogen. The Irish Department said that realising the full potential of offshore renewable energy resour

about 3 years ago

Market Outlooks

Maersk Mc-Kinney Moller Center: Shipowners should be wary of relying on e-fuels alone

A recent analysis by Maersk Mc-Kinney Moller Center has identified four key constraints that may hinder the supply of renewable electricity to the maritime industry in the 2030s and 2040s, potentially leading to a shortage of e-fuels. The key constraints highlight the challenges that need to be addr

about 3 years ago

Market Outlooks

Frontline inks sustainability-linked loan as Fredriksen clashes with International Seaways

Norwegian tanker shipping heavyweight Frontline has secured a sustainability-linked loan, totaling up to $129.4 million. The financing was obtained through a senior secured term loan facility with Dutch banking group ING, which according to Frontline, offers attractive terms and is intended to refin

about 3 years ago

Market Outlooks

MAN ES ignites excitement: Single-cylinder test of long-awaited ammonia engine about to kick off

German engine manufacturer MAN Energy Solutions says its long-awaited engine is ready to burn ammonia on a single cylinder.

about 3 years ago

Lloyd’s Register IECRE feasibility statement for Flex Marine Power’s tidal energy device (Courtesy of Lloyd’s Register)

Market Outlooks

Lloyd’s Register issues world’s first IECRE feasibility statement for tidal energy device

Scottish company Flex Marine Power has been awarded the world’s first IECRE feasibility statement by Lloyd’s Register for its SwimmerTurbine SW2 tidal energy converter.

about 3 years ago