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Market Outlooks

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Ilustration
Market Outlooks

WSC: We need to get regulations right in next two years to ensure renewable fuels’ availability

In a bid to secure a competitive landscape for the availability of renewable fuels to power maritime vessels, energy providers need to have regulatory frameworks established within the next two years. The call comes with the recognition that substantial investments in new fuels are imminent, conting

about 2 years ago
corridor
Market Outlooks

‘West Green Shipping Corridor’ to link North America and Asia

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Canada has signed a memorandum of understanding (MOU) to pursue the establishment of a green shipping corridor between Canada’s West Coast and ports in the United Arab Emirates, Korea and Japan.

about 2 years ago
Dr. Sultan Ahmed Al-Jaber, UAE Minister of Industry, CEO of ADNOC, and COP28 President; Source: COP28
Market Outlooks

COP28: Reconciling great expectations with reality in a highly polarized world

A deep dive into COP28 and the clash between those calling for a phase-out of fossil fuels and the ones lobbying to keep oil, gas, and coal firmly entrenched in the energy mix.

13 minutes read
MMMCZCS
Market Outlooks

Green corridor surge: initiatives soar to 44, doubling from last year’s count

The number of green corridor initiatives around the world went from 21 to 44 over the past year, according to the findings of the 2023 Annual Progress Report on Green Shipping Corridors released by the Global Maritime Forum. The report finds that there is a ‘substantial maturation’ among existing co

about 2 years ago
CEOs
Market Outlooks

Shipping CEOs call for an end to fossil-only powered newbuilds

The Chief Executive Officers (CEOs) of leading global shipping lines have issued a joint declaration at COP 28 calling for an end date for fossil-only powered newbuilds and urging the International Maritime Organization (IMO) to create the regulatory conditions to accelerate the transition to green

about 2 years ago
64% mull cutting maritime investments amid ESG concerns, reveals Woodrow study
Market Outlooks

64% mull cutting maritime investments amid ESG concerns, reveals Woodrow study

Some 64% of senior finance professionals in the UK are contemplating reducing their investment in the maritime sector because of Environmental, Social, and Governance (ESG) risks, according to a recent study from sustainability and communications consultancy Woodrow. The report sheds light on key ar

about 2 years ago
Illustration/Orbital Marine’s O2 tidal energy turbine (Courtesy of Orbital Marine Power)
Market Outlooks

IEA-OES unveils international roadmap for 300GW of ocean energy by 2050

International Energy Agency’s Technology Collaboration Program on Ocean Energy Systems (IEA-OES) has released a roadmap that outlines a comprehensive strategy that will help to drive the global development of ocean energy.

about 2 years ago
Illustration; Source: International Energy Agency (IEA)
Market Outlooks

Decision time for oil & gas industry: Embrace green energy shift or keep fueling climate crisis

The International Energy Agency (IEA): The time has come for the oil and gas industry to take a firm stand during the transition era.

about 2 years ago
Illustration; Source: TotalEnergies
Market Outlooks

TotalEnergies draws attention to slow energy transition progress, urging developed economies to support Global South’s transformation

TotalEnergies has published its new annual energy outlook, presenting scenarios for the evolution of demand and the global energy system to contribute to the energy transition’s debate in the run-up to COP28.

about 2 years ago
The 192MWp Cirata floating solar power plant (Courtesy of Sungrow FPV)
Market Outlooks

The largest floating solar power plant in Southeast Asia comes online

The 192MWp floating solar plant, developed by Indonesia’s state-owned utility company PLN and Abu Dhabi Future Energy Company – Masdar, has been put in operation at Cirata hydropower reservoir in West Java, Indonesia.

about 2 years ago
Illustration; Source: The International Energy Agency (IEA)
Market Outlooks

IEA: Redoubling international cooperation ‘vital’ to usher clean energy era faster and end fossil fuel reign

The International Energy Agency’s new report outlines that the energy world is expected to change its stripes by 2030.

about 2 years ago
Deepwater Titan drillship; Source: Transocean
Market Outlooks

Backlog boost for sixth quarter in a row stokes Transocean’s multi-year upcycle hopes

Transocean has enlarged its contract backlog for the sixth consecutive quarter, expanding it to $9.4 billion at the end of 3Q 2023.

about 2 years ago
DP World
Market Outlooks

APMT, DP World: Port electrification is the fastest lane to impact. Hydrogen solutions an outlier, not the norm.

In the maritime sector, the quest for cleaner, more efficient practices has given rise to the electrification of ports and container handling equipment. Why, you might ask? The answer is clear, for electrification offers a trifecta of advantages that places it at the forefront of a green revolution:

about 2 years ago
Maersk
Market Outlooks

Alliance of CEO Climate Leaders urge world govts to scale up investment in renewable energy ahead of COP28

More than a hundred CEOs and senior executives from the Alliance of CEO Climate Leaders, led by Vincent Clerc, Chief executive Officer of A.P. Moller Maersk, have shared an open letter to world leaders ahead of COP28. The quest to cap global temperature rise at 1.5°C faces jeopardy without intensifi

about 2 years ago