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Market Outlooks

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Synergy
Market Outlooks

Synergy opens Hamburg office to support shipowners on decarbonisation, digitalisation journeys

Singapore-based ship manager Synergy Group has further expanded its global footprint with the opening of a new office in Germany.

about 4 years ago
DNV
Market Outlooks

DNV acquires Applied Risk to build cyber security powerhouse

Norway-based classification society DNV has decided to acquire Dutch cyber security specialist Applied Risk in an effort to create an industrial security powerhouse.

about 4 years ago
Photo showing Seabased’s wave energy technology (Courtesy of Seabased)
Market Outlooks

Seabased inks lease for 40MW wave energy park in the Bermudas

Swedish wave energy company Seabased has signed a lease agreement with the Government of Bermuda for the construction of 40MW wave energy park.

about 4 years ago
Orbital's O2 tidal turbine demonstration at EMEC (Courtesy of Orbital Marine Power)
Market Outlooks

Clock is ticking for the future of tidal stream energy in UK, industry warns

Leading figures in the marine energy sector have warned that the UK’s world-leading position in tidal energy can only be maintained with ‘practical support from Government to match its undoubted goodwill’.

about 4 years ago
CMA CGM
Market Outlooks

CMA CGM adds 62 ships, reports profit of $5.6B

CMA CGM delivered a strong financial performance for the third quarter of 2021 with a net income rising to $5.6 billion from $567 million seen in Q3 2020.

about 4 years ago
IMO MEPC 77 to test govts’ decarbonisation commitments
Market Outlooks

IMO MEPC 77 to test govts’ decarbonisation commitments

This week, 174 governments will meet at the International Maritime Organization (IMO) in London to discuss the pressing carbon emission reduction challenges in the shipping industry.

about 4 years ago
Concept for Ocean Harvesting's InfinityWEC (Courtesy of Ocean Harvesting Technologies)
Market Outlooks

Ocean Harvesting commissions InfinityWEC test rig

Swedish wave energy developer Ocean Harvesting Technologies has commissioned a Hardware-in-the-Loop (HIL) test rig to validate the InfinityWEC’s power take-off (PTO) with instant force control capabilities.

about 5 years ago
INTERTANKO
Market Outlooks

INTERTANKO backs shipping’s net zero emissions path by 2050

International shipping should strive to achieve net zero CO2 emissions by 2050, the Council of Members of the International Association of Independent Tanker Owners (INTERTANKO) has agreed.

about 5 years ago
L to R: António Sarmento; Shigeru Ushio (Courtesy of WavEC Offshore Renewables)
Market Outlooks

Portugal and Japan deepen marine energy ties to advance energy transition

A special online conference has been organized by Portugal’s leading marine energy R&D centre, WavEC Offshore Renewables, to provide a platform for Japanese energy firms, institutions and government officials to uncover key marine renewable energy opportunities in the region.

about 5 years ago
Maritime
Market Outlooks

Maritime trade growth to slow down in coming years, UNCTAD predicts

Annual growth in maritime trade between 2022 and 2026 will slow to 2.4%, compared to 2.9% over the past two decades, a new UNCTAD report predicts.

about 5 years ago
Photo showing Orbital Marine's O2 tidal energy turbine (Courtesy of Orbital Marine Power)
Market Outlooks

Orbital Marine forms ‘game-changing’ partnership with TechnipFMC for tidal energy scale-up

Scottish company Orbital Marine Power has established a strategic partnership with one of the leading offshore energy players TechnipFMC to accelerate the global commercialisation of its pioneering tidal energy technology.

about 5 years ago
Falling costs make new oil cheaper, Rystad
Market Outlooks

Climate policies should focus on demand as falling costs make new oil cheaper to produce, Rystad says

An analysis of the annual cost of supply by Rystad Energy has revealed that costs within the upstream sector have come down considerably in 2021.

about 5 years ago
Green Marine-WOC partnership targets maritime sustainability
Market Outlooks

Green Marine-WOC partnership targets maritime sustainability

Voluntary environmental certification program Green Marine and international cross-sectoral alliance World Ocean Council (WOC) have signed a Memorandum of Understanding (MoU) to improve maritime sustainability.

about 5 years ago
Offshore wind cable market to grow six-fold this decade – RenewableUK
Market Outlooks

Offshore wind cable market to grow six-fold this decade – RenewableUK

The market for offshore wind farm cables is set to grow six-fold over the course of this decade, according to a new report published by RenewableUK. The global market for subsea power cables is divided between array cables which run between the turbines of an offshore wind farm connecting them to th

about 5 years ago
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