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Market Outlooks

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Ocean energy can supply 13% of global electricity demand, report says
Market Outlooks

Ocean energy can supply 13% of global electricity demand, report says

Ocean energy can supply 13% of global electricity demand, as well as produce 21% of current EU consumption – more than fossil gas or hydroelectricity today, according to a new report from Ocean Energy Europe (OEE). Launched on June 29, Ocean Energy: The Largest Untapped Renewable Resource, described

about 3 months ago
Canada
Market Outlooks

Marine energy ‘key pillar’ in Canada’s clean energy transition, 2050 roadmap states

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Marine Renewables Canada (MRC) has published a national roadmap that outlines how offshore wind, tidal, wave, and river current energy can help meet Canada’s surging electricity demand, projected to increase two to threefold by 2050, with marine renewable energy seen as a key pillar of the country’s

about 7 months ago
SUMMER SALE: Up to 50% off on advertising on offshore-energy.biz
Market Outlooks

SUMMER SALE: Up to 50% off on advertising on offshore-energy.biz

Offshore Energy has launched a summer sale with up to 50% off on advertising packages, ending on July 31. Use this opportunity to book your advertising campaign and multiply ways to increase exposure to the industry! Get 15% off for one, 25% off for two, and 50% off for three products or more. Conta

about 1 year ago
UK firm picks its first international franchisee for fully autonomous USV charter fleet
Market Outlooks

UK firm picks its first international franchisee for fully autonomous USV charter fleet

UK-headquartered Zero USV has named Leeway Marine as its first international franchisee for its uncrewed surface vessel (USV) charter fleet in North America. According to Zero USV, Oceanus12 is designed for long-distance over-the-horizon operations and is mission agnostic, allowing a wide range of p

about 1 year ago
Offshore Energy’s top five hydrogen stories of 2024
Market Outlooks

Offshore Energy’s top five hydrogen stories of 2024

Hydrogen is considered one of the key components of global decarbonization, with countries setting ambitious capacity and demand targets. In 2024, governments and companies worldwide increased their investments and announced new partnerships and projects, recognizing hydrogen’s potential to decarbon

about 1 year ago
Canada
Market Outlooks

New clean economy legislation to propel Canada’s net zero by 2050 goal

The Government of Canada has passed into law the first four Clean Economy Investment Tax Credits (ITCs), set to attract investment, boost innovation, create jobs, and steer the nation’s economy towards achieving net-zero emissions by 2050.

about 2 years ago
protectionism
Market Outlooks

Rising protectionism threatens global shipping, ICS says

The negative impact of protectionism is seen as one of the biggest emerging threats to global shipping.

about 2 years ago
Call issued to investigate hydrogen use in Nova Scotia’s industrial sector
Market Outlooks

Call issued to investigate hydrogen use in Nova Scotia’s industrial sector

Net Zero Atlantic has issued a call for proposals for a study which is set to investigate the feasibility and the GHG emission reduction potential of using hydrogen in industrial process heating within Nova Scotia, Canada.

about 2 years ago
U.S. Naval Forces Central Command/U.S. 5th Fleet
Market Outlooks

Red Sea crisis escalation: US-UK airstrikes, Houthis’ vessel attacks, spike in oil prices, and tanker trade slowdown

Recent events in the Red Sea have added fuel to the growing fears about the possibility of a wider conflict breaking out across the Middle East, prompting further concerns over oil flows, supply chains, and energy prices in the region and beyond.

15 minutes read
corridor
Market Outlooks

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

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
Fure Vinga
Market Outlooks

Furetank, Algoma sign up for two more Vinga ships

Swedish shipping company Furetank and its Canadian counterpart Algoma Central Corporation have expanded their FureBear joint venture, launched a year ago, with the order for two additional Vinga-class vessels. The new order for Vinga series vessels grows the FureBear joint venture to a total of ten

about 3 years ago
Norden bulker
Market Outlooks

Teck teams up with Norden to cut its carbon footprint

Danish shipping company Norden has inked a deal with Teck Resources Limited, one of Canada’s largest mining companies, to reduce CO² emissions in Teck’s steelmaking coal supply chain. The agreement is expected to reduce annual emissions from Teck shipments handled by Norden by 25%, or up to 6,700 to

about 3 years ago
Port of Argentia
Market Outlooks

Port of Argentia wins govt funding as it eyes green energy and low-carbon fuels development

The Government of Canada has announced an investment of up to $38 million under the National Trade Corridors Fund to improve cargo movement at the Port of Argentia based in Newfoundland. The funds are targeting the expansion of the existing Fleet Dock terminal. This expansion includes the constructi

about 3 years ago
Illustration; Source: APPEA
Market Outlooks

Gas rush paints LNG as energy transition’s trump card to low-carbon future

Gas has solidified its position at the top of the energy pyramid, thus, the pursuit for more natural gas and LNG is in full swing.

13 minutes read