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Market Outlooks

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Ammonia cracker method feasible for large-scale H2 imports, study says
Market Outlooks

Ammonia cracker method feasible for large-scale H2 imports, study says

A study, made by Fluor and commissioned by the Port of Rotterdam Authority and 17 other companies, has shown that it is technically and economically feasible to safely convert ammonia into 1 million tons of hydrogen (H2) per year using a large-scale cracker. The Rotterdam port informed that the stud

about 3 years ago
Illustration/Crestwing's wave device scale model testing at DHI (Courtesy of Crestwing)
Market Outlooks

Crestwing’s wave energy device set for streamlining at Aalborg University

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Danish company Crestwing has made progress in advancing its wave energy technology as part of a collaborative project funded by the Danish government’s Energy Technology Development and Demonstration Program (EUDP).

about 3 years ago
IDTechEx: Fuel flexibility of SOFCs paves path to hydrogen economy
Market Outlooks

IDTechEx: Fuel flexibility of SOFCs paves path to hydrogen economy

In its new report “Solid Oxide Fuel Cells 2023-2033: Technology, Applications and Market Forecasts,” technology company IDTechEx provided an overview of the solid oxide fuel cell (SOFC) market and projected its value to reach $6.8 billion by 2033. More specifically, the report includes an assessment

about 3 years ago
Stena Pro Marine;
Market Outlooks

Methanol momentum: 25 ships in operation, 81 more on the way

There are currently 25 methanol-fuelled ships in operation and another 81 ships on order as of March 2023, according to DNV’s Alternative Fuels Insight. This compares to a total of 82 methanol-powered ships that were in operation and on order at the end of 2022. Of the newbuild ship orders placed in

about 3 years ago
CMA CGM
Market Outlooks

Average sailing speed could drop by 10 pct by 2025, BIMCO says

Following a 4 percent increase in average sailing speed during the COVID-19 pandemic triggered by strong demand and widespread port congestion, the situation today is very different in the liner sector. Namely, during the first quarter of 2023 the average sailing speed has slowed to 13.8 knots, down

about 3 years ago
Vaalco picks DOF Subsea for subsea reconfiguration off Gabon
Market Outlooks

DNV: Oil demand in transport sector to half by 2050 with maritime transitioning to a mix of fuels

Despite oil demand in the transport sector being forecast to half by 2050, the present pace of the transition still falls severely short of the goals of the Paris Agreement, the recent Transport in Transition report from DNV shows. Today, transport of passengers and goods accounts for about a quarte

about 3 years ago
Technip Energies, John Cockerill launch new hydrogen solutions company
Market Outlooks

Technip Energies, John Cockerill launch new hydrogen solutions company

Engineering and technology companies Technip Energies and John Cockerill have established Rely, a provider of integrated and competitive green hydrogen solutions. According to Technip, Rely will offer end-to-end solutions, from pre-final investment decision (pre-FID) services, including technical an

about 3 years ago
Maersk
Market Outlooks

Maersk: Q1 profitability slashed amid softened demand

Danish container shipping major Maersk has reported a massive drop in its ocean revenue for the first quarter of this year, plunging by $5.7 billion to $9.9 billion year-on-year amid lower freight rates and softened demand. Last year saw a record performance of container shipping majors, impacted by

about 3 years ago
Illustration; Source: GlobalData
Market Outlooks

Energy transition and geopolitics to ‘weigh heavily’ on oil & gas industry in 2023

GlobalData has revealed that geopolitics and energy transition are the most pressing themes for the oil and gas industry in 2023.

about 3 years ago
Greenpeace reports: Gas industry pushing US and Europe into hazardous LNG contracts
Market Outlooks

Greenpeace reports: Gas industry pushing US and Europe into hazardous LNG contracts

Campaigning organisation Greenpeace has warned that gas companies are driving government policies that lock the US and Europe into hazardous new liquefied gas (LNG) commitments. In its latest investigation report “Who profits from war – How gas corporations capitalise from war in Ukraine,” Greenpeac

about 3 years ago
MPA Singapore, classification societies join hands on decarbonisation and digitalisation
Market Outlooks

MPA Singapore, classification societies join hands on decarbonisation and digitalisation

The Maritime and Port Authority of Singapore (MPA) and eight top classification societies have signed a Letter of Intent (LOI) to collaborate on maritime digitalisation and decarbonisation. The LOI was signed during the Accelerating Decarbonisation Conference at Singapore Maritime Week on 27 April 2

about 3 years ago
Euronav
Market Outlooks

Capital Gas, Euronav, and Maran Tankers lead the pack as last week’s tanker orders hit 17

Newbuild ordering in the tanker industry is picking up momentum with 17 new tanker orders placed last week, shipbroking reports show. Several big industry names make up the list of buyers, including Euronav, Maran Tankers, and Capital Gas, signaling renewed confidence in the industry’s future. The o

about 3 years ago
Inseanergy's floating solar unit (Courtesy of Inseanergy)
Market Outlooks

Inseanergy goes public with its fundraising campaign

Inseanergy, a Norwegian company developing floating solar solutions for aquaculture industry, has opened a fundraising campaign, targeting €855,000 to further advance its business.

about 3 years ago
Illustration; Source: Bureau Veritas
Market Outlooks

Is gas paving the way for the hydrogen revolution?

In the energy transition blueprint for the sustainable future, hydrogen has carved a niche for itself and is gaining more ground.

about 3 years ago