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Outlook & Strategy

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ACWA Power and Hysata enter hydrogen technology partnership
Outlook & Strategy

ACWA Power and Hysata enter hydrogen technology partnership

ACWA Power and Hysata have signed an agreement for the delivery of commercial-scale demonstrations of Hysata’s electrolysis technology in Saudi Arabia.

about 1 year ago
Under $57.4M contract, Indian firm takes its diving support vessel to Middle East
Outlook & Strategy

Under $57.4M contract, Indian firm sends its diving support vessel to Middle East

India’s Seamec Limited has entered into a charter hire with a Saudi Arabian company under which its multipurpose diving support vessel (DSV) will be deployed in the Middle East. Seamec entered into a Bimco charter party with Safeen Al Behar Limited Company, Saudi Arabia, for the charter hire of Seam

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about 1 year ago
SEFE unites with ACWA Power to supply green hydrogen to Europe
Outlook & Strategy

SEFE unites with ACWA Power to supply green hydrogen to Europe

Germany’s Securing Energy for Europe (SEFE) has signed a memorandum of understanding (MoU) with Saudi Arabia’s ACWA Power for the production and supply of green hydrogen to Europe.

about 1 year ago
Bahri-Petredec alliance to help meet Saudi Arabia’s LPG and ammonia shipping needs
Outlook & Strategy

Bahri-Petredec alliance to help meet Saudi Arabia’s LPG and ammonia shipping needs

Saudi Arabia’s national shipping carrier Bahri has formed a strategic partnership with gas carrier owner Petredec focused on meeting Saudi Arabia’s increasing LPG and ammonia shipping demands.

about 1 year ago
GlobalData: Hydrogen economy is in critical phase of development
Outlook & Strategy

GlobalData: Hydrogen economy is in critical phase of development

The hydrogen economy is currently in the critical phase of its development, according to data and analytics company GlobalData.

about 1 year ago
ACWA Power and Snam form green hydrogen and ammonia alliance
Outlook & Strategy

ACWA Power and Snam form green hydrogen and ammonia alliance

Saudi Arabia’s ACWA Power and Italy’s Snam have agreed to explore collaboration opportunities and joint investments in establishing an international green hydrogen supply chain.

about 1 year ago
fleet
Outlook & Strategy

UCL: Over a third of world fleet needs to embrace zero-emission tech or face ‘premature scrapping’

A rapid transition could lead to “premature scrapping” of over a third of the fleet, valued at over $400 billion, unless they undergo costly retrofits to remain competitive in the wake of new greenhouse gas (GHG) policies and wider energy transition, a new report shows.

about 1 year ago
IMO
Outlook & Strategy

IMO: Shadow fleet, decarbonization and geopolitical tensions are top 3 focus areas in 2025

The International Maritime Organization (IMO)—the world’s shipping regulator— prepares to address a range of pressing issues in 2025, with the top three being dark fleet, decarbonization and geopolitical pressures.

about 1 year ago
Masdar and Lhyfe partner up for large-scale hydrogen projects in Europe
Outlook & Strategy

Masdar and Lhyfe partner up for large-scale hydrogen projects in Europe

Abu Dhabi Future Energy Company (Masdar) and French renewable hydrogen producer Lhyfe have entered a memorandum of understanding (MoU) to explore potential co-development opportunities in large-scale green hydrogen production projects in Europe.

about 1 year ago
product tanker
Outlook & Strategy

Product tanker deliveries to jump 256% in 2025

Product tanker newbuild deliveries are expected to reach 12 million deadweight tonnes (dwt) in 2025, with deliveries set to jump 256% compared to the 3.4 million dwt delivered in 2024, shipping association BIMCO revealed.

about 1 year ago
Illustration; Source: Westwood
Outlook & Strategy

$54 billion in engineering, procurement and construction contracting opportunities on offshore oil & gas agenda for 2025

The batch of new projects, which are expected to reach the EPC stage this year, is anticipated to lead to awards worth billions of dollars for jobs related to associated subsea equipment, offshore platforms, floating production units, and liquefied natural gas (LNG) equipment and facilities, based o

about 1 year ago
AM Green partners with DP World to develop green fuels supply chain
Outlook & Strategy

AM Green partners with DP World to develop green fuels supply chain

Indian green hydrogen and ammonia producer AM Green has joined forces with UAE-based logistics group DP World to develop a sustainable supply chain for green fuels and chemicals.

about 1 year ago
DNV: LNG dominated alternative-fuel ship orderbook in ‘exceptional newbuilding’ year
Outlook & Strategy

DNV: LNG dominated alternative-fuel ship orderbook in ‘exceptional newbuilding’ year

Described as the maritime industry’s “exceptional newbuilding year”, 2024 yielded a record number of LNG-fueled ship deliveries, according to the latest data from DNV’s AFI platform.

about 1 year ago
BIMCO
Outlook & Strategy

BIMCO: Containership orderbook skyrockets to new record high of 8.3M TEU

The global containership order book hit a new record in 2024 as the sector prepares to replace aging ships that are not compliant with new environmental regulations. On the other hand, the scrapping volumes are steadily declining, falling in the last three years well below average figures.

about 1 year ago