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Market Outlooks

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Two SolarinBlue’s offshore floating solar units in the Mediterranean (Courtesy of SolarinBlue)
Market Outlooks

France gets its first offshore solar farm

French start-up SolarinBlue has deployed two offshore floating solar units in the Mediterranean sea as part of the Sun’Sète project, which aims to supply clean electricity to one of the 10 biggest French ports.

about 3 years ago
Beihai Shipbuilding
Market Outlooks

Fredriksen takes lion’s share in Euronav

Famatown Finance Limited, a company indirectly controlled by shipping billionaire John Fredriksen, has acquired an additional 964,000 shares in Belgian tanker owner Euronav, taking its total stake to 26.46 pct. The share increase of 5.90 percent was disclosed in an SC 13D/A form with the Securities

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about 3 years ago
Cajun sun powered by methanol
Market Outlooks

Hexter: There are virtually no barriers to adoption of methanol

This is a free premium article to give you a sample of what Offshore Energy has to offer as part of our premium section. Upgrade for premium access here. The decarbonization conundrum in the shipping industry persists due to a multitude of challenges, including the high cost of alternative fuels, th

about 3 years ago
Energy Industries Council (EIC)
Market Outlooks

UK turns to renewables and low-carbon power to bolster energy security

The UK is pivoting towards renewable and low-carbon energy in a push to strengthen energy security, says the Energy Industries Council (EIC).

about 3 years ago
Illustration; IMO Secretary General Kitack Lim; Image courtesy: IMO
Market Outlooks

7 candidates join the race for IMO Secretary-General role

Seven member states of the International Maritime Organization (IMO) have nominated candidates for the post of Secretary-General, as the term of the current incumbent, Kitack Lim of the Republic of Korea, is set to expire on December 31, 2023. The seven nominees are Moin Uddin Ahmed of Bangladesh, S

about 3 years ago
Clarksons says alternative fuel ships account for 47 pct of orderbook, projects another 100 LNG carrier orders
Market Outlooks

Clarksons says alternative fuel ships account for 47 pct of orderbook, projects another 100 LNG carrier orders

Alternative fuel ships have accounted for around 60% of new orders since the start of 2022 in GT, primarily driven by LNG dual-fuel vessel orders, and increasingly methanol, and now account for 5% of fleet GT and 47% of orderbook, data from Clarksons shows. Looking at the fleet profile, the shipbrok

about 3 years ago
Illustration/Nova Innovation deploying its tidal turbines in Scotland (Courtesy of Nova Innovation)
Market Outlooks

Ocean Energy Europe applauds dedicated EU target for innovative renewables

Ocean Energy Europe has welcomed the inclusion of the 5% target for innovative renewable energy technologies as part of the revision of the EU Renewable Energy Directive (RED).

about 3 years ago
Illustration; Source: Institute for Energy Economics and Financial Analysis (IEEFA)
Market Outlooks

IEEFA warns of worsening inflation in power sector with carbon capture and storage in the mix

New report by IEEFA points out that adding CCS to fossil-fired power plants will have unsustainable implications on electricity prices.

about 3 years ago
Illustration/HydroQuest's tidal turbine being being deployed off France (Courtesy of HydroQuest)
Market Outlooks

Ocean energy public financing must create ‘pull’ for investors, new IRENA-OEE report says

A new report co-authored by the IIRENA and OEE has provided a roadmap to decision makers on the various financing mechanisms for ocean energy and how they can be scaled up to secure investments for the sector.

about 3 years ago
InfinityWEC wave energy farm (Courtesy of Ocean Harvesting Technologies)
Market Outlooks

Ocean Harvesting set to demonstrate enhanced InfinityWEC performance

Swedish company Ocean Harvesting Technologies has teamed up with experts in model-based predictive control to increase the performance of InfinityWEC in the upcoming sea trials.

about 3 years ago
Shipping
Market Outlooks

Counting the cost of going green: The steep price of switching to e-methanol

The adoption of alternative, low-carbon fuels in the shipping industry is one of the key aspects of achieving the goal of mitigating the impact of international maritime trade on air pollution and the emission of greenhouse gas. Cost is a particularly important consideration, as the adoption of new

about 3 years ago
Klaveness Combination Carrier
Market Outlooks

Klaveness eyes 1st zero-emission vessel within 2030

Klaveness Combination Carriers ASA (KCC), part of Norwegian shipping company Torvald Klaveness, plans to introduce its first zero-emission vessel within 2030. The move is part of the company’s updated environmental strategy which is targeting a 45% reduction in energy efficiency operational indicato

about 3 years ago
The International Renewable Energy Agency (IRENA)
Market Outlooks

With energy transition off-track, IRENA calls for diverting $1 trillion of annual fossil fuel investment by 2030 to accelerate it

The International Renewable Energy Agency (IRENA) has outlined the investment needs of $35 trillion by 2030 as the price for the green shift.

about 3 years ago
Illustration; Source: International Energy Agency (IEA)
Market Outlooks

With over 140 carbon capture, utilisation, and storage hubs in development, 2022 pushes CCUS to new heights

IEA: More than 140 new CCUS projects were announced, ramping up planned storage capacity by 80 per cent, and capture capacity by 30 per cent.

about 3 years ago