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Market Outlooks

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Illustration/Deployment of D10 tidal turbine in 2018 (Courtesy of Sabella/Photo by Balao)
Market Outlooks

TIGER project puts tidal energy in UK and France back on track

The Tidal Stream Industry Energiser Project (TIGER) has demonstrated the significant value tidal stream energy can bring to the future energy mix, economies and supply chains in both the UK and France.

about 3 years ago
Hydrogen MoU
Market Outlooks

Prominent maritime ports, academia & innovation hubs unite to accelerate hydrogen innovation

Prominent maritime ports, universities, and innovation hubs from Australia, Brazil, Chile, Portugal, the United Kingdom, and the Netherlands have joined forces in a groundbreaking initiative aimed at expediting innovation for green hydrogen. Spearheaded by the Port of Rotterdam, Newcastle, O Complex

about 3 years ago
Capital Product Partners boost fleet with Asterix I LNG carrier
Market Outlooks

Capital Product Partners CEO pinpoints LNG segment as ‘particularly interesting’ for growth

Greece-based shipping company Capital Product Partners L.P., which is engaged in the seaborne transportation of natural gas, containerized goods and dry cargo, has set sights on exploring further growth in the LNG space. Speaking in a recent webcast on the company’s strategy moving forward Jerry Kal

about 3 years ago
Illustration/Verdant Power’s three-turbine array mounted on TriFrame (Courtesy of US DOE)
Market Outlooks

US DOE officially opens $45 million funding call for tidal energy

The US Department of Energy (DOE) has released a $45 million funding opportunity to advance a comprehensive approach to tidal and current energy development in the United States.

about 3 years ago
Illustration; Source: James Fisher AIS
Market Outlooks

Digital transformation ‘paramount’ for Africa to reap the benefits of oil & gas boom

Africa is lagging behind in its digital uptake, which is putting at risk its ambition to become a gas-powered economy by 2030.

about 3 years ago
VLAC
Market Outlooks

EPS, Jiangnan ink deal for construction of world’s largest ammonia carriers

Jiangnan Shipbuilding, a subsidiary of China State Shipbuilding Corporation (CSSC), has signed a contract with Singaporean shipping company Eastern Pacific Shipping (EPS) for the construction of four Very Large Ammonia Carriers (VLAC) with a capacity of 93,000 cubic meters. The Chinese shipbuilder s

about 3 years ago
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

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
African maritime players urged to upskill seafarers for energy transition
Market Outlooks

African maritime players urged to upskill seafarers for energy transition

As the maritime industry transitions to a low and zero-carbon future, African maritime players are being advised to implement new training infrastructure for seafarers to adapt to the ongoing continent’s green transition.

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
The signing of the MoU (Courtesy of AW-Energy)
Market Outlooks

WaveRoller set to harness wave energy offshore Namibia

AW-Energy, a Finnish near-shore wave energy technology developer, has signed a memorandum of understanding with Kaoko Green Energy Solutions for the deployment of WaveRoller wave energy farms offshore Namibia.

about 3 years ago
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