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Market Outlooks

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Despina Panayiotou Theodosiou, President, WISTA International
Market Outlooks

WISTA survey points to ‘shocking’ revelations on discrimination, harassment, and bullying of women seafarers

The Women’s International Shipping and Trading Association (WISTA International) has released results of an in-depth survey in the maritime industry, describing the figures on gender-based discrimination against women, onboard harassment, and bullying as ‘shocking’. The online survey was conducted j

about 4 years ago
Illustration/Sabella’s tidal turbine (Courtesy of Ocean Energy Europe)
Market Outlooks
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Ocean Energy Europe applauds proposed EU target for ‘innovative’ renewable energy

An industry association representing European ocean energy sector, Ocean Energy Europe, has welcomed the new report which supports the European Parliament’s call for at least 5% of new renewable energy capacity to come from innovative renewable energy technologies.

about 4 years ago
Bar LNG terminal will bring affordable and reliable supply to Balkan nations, LNG Alliance says
Market Outlooks

Bar LNG terminal will bring affordable and reliable supply to Balkan nations, LNG Alliance says

The upcoming liquefied natural gas (LNG) terminal in Bar, Montenegro, will serve Balkan countries, playing a crucial role as an LNG storage provider and distributor to provide energy security in the context of the current energy crisis, LNG Alliance said. Currently, there is no operating LNG termina

about 4 years ago
ICS proposes sustainability fund to IMO that would reward ships using alternative fuels
Market Outlooks

ICS proposes sustainability fund to IMO that would reward ships using alternative fuels

The International Chamber of Shipping (ICS) has submitted a refined proposal to shipping’s UN regulator seeking the establishment of a fund and reward system to accelerate the sector’s uptake of alternative fuels and its transition to a net zero future. The refined proposal combines elements from it

about 4 years ago
IMO Symposium
Market Outlooks

Should shipping bid for existing alternative fuels, or wait for technologies to mature?

in an environment where there is a scarcity of renewable fuels, the question arises whether it is a sustainable pathway for shipping to take a limited amount of renewable energy and apply it to an industry where you only get 25% utilization of what you’re starting with.

about 4 years ago
Oilfield services giant rebranding in pursuit of decarbonization targets
Market Outlooks

Oilfield services giant rebranding in pursuit of decarbonization targets

Schlumberger is rebranding and changing its name to SLB to pursue a new identity that will represent the transformation from a giant oilfield services provider to a technology company focused on energy innovation and decarbonization. Schlumberger announced that nearly all of its affiliated brands wi

about 4 years ago
In focus: Europe’s energy security caught between high prices and climate crisis
Market Outlooks

In focus: Europe’s energy security caught between high prices and climate crisis

Winter is at our doorstep and concerns over the security of energy supplies are growing with each passing day. Over the past several months, governments and industries put their efforts into finding ways to tackle both energy and climate crises at the same time. The struggle continues with new regul

about 4 years ago
Switch to LNG-powered shipping is irresponsible in times of energy crisis, T&E warns
Market Outlooks

Switch to LNG-powered shipping is irresponsible in times of energy crisis, T&E warns

In 2030, Europe’s shipping industry will need over 6.3 million metric tonnes of liquefied natural gas (LNG) to power its growing fleet of gas-powered ships – enough to power 7 million homes – which will only increase Europe’s dependence on fossil fuels, a new Transport and Environment (T&E) study sh

about 4 years ago
The Mutriku wave power plant (Courtesy of Arantxa Tapia/EVE)
Market Outlooks

Tender for new turbines soon to be launched for wave energy power plant in Spain

The Energy Agency of the Basque Government (EVE) has confirmed it would soon launch a €3.2 million public procurement process for the purchase of new turbine technology for the Mutriku wave energy power plant.

about 4 years ago
Leviathan
Market Outlooks

BIMCO: EU needs more non-EU scrap yards to handle global shipping demand

The European Union (EU) should approve additional ship recycling facilities outside Europe to meet the demands of the global shipping industry, a report commissioned by BIMCO shows.

about 4 years ago
Sustainable Marine sold Swift Anchors business to newly-established Aquos Schottel Marine Technologies (Courtesy of Sustainable Marine)
Market Outlooks

Sustainable Marine sells Swift Anchors business to German partner

Blue economy solutions provider Sustainable Marine has sold its anchoring and mooring business Swift Anchors to Aquos, a subsidiary of its largest shareholder and long-standing partner Schottel.

about 4 years ago
OceanEnergy’s OE35 floating wave energy device (Courtesy of OceanEnergy)
Market Outlooks

International wave energy project sets course for demonstration offshore Scotland

A pioneering collaboration between 14 international partners has been established to deliver a €19.6 million wave energy project which aims to be the stepping stone for the commercialization of this emerging clean energy industry worldwide.

about 4 years ago
Illustration/SIMEC Atlantis’ AR1500 tidal energy turbine (Courtesy of SIMEC Atlantis)
Market Outlooks

Tidal stream energy could achieve major cost reductions by 2035, report finds

Tidal stream energy could plummet below £80 (€90) per MWh by 2035 if current opportunity is realized, a new report by ORE Catapult predicts.

about 4 years ago
Concept for Equinox Ocean Turbines technology (Courtesy of Equinox Ocean Turbines)
Market Outlooks

Dutch newcomer steps on the ocean energy scene

Named Equinox Ocean Turbines, a new ocean energy company has been launched in the Netherlands with a clear goal of exploiting the vast potential of ocean currents by using its tidal energy technology designed for low-speed waters.

about 4 years ago