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Outlook & Strategy

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KOBC
Outlook & Strategy

Success or downfall on the horizon: Maritime decarbonization is standing at the crossroads

The upcoming International Maritime Organization’s (IMO) climate talks are set to decide the fate of the maritime sector’s decarbonization, which is a prerequisite for decarbonizing the global economy as a whole.

about 1 year ago
Odfjell Drilling exec trades CFO role for new position at the company
Outlook & Strategy

Odfjell Drilling exec trades CFO role for new position at the company

The Chief Financial Officer (CFO) of offshore drilling contractor Odfjell Drilling is slated to replace his CFO position with another finance-related role at the company.

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about 1 year ago
Danish wave energy technology company Exowave is entering a crucial phase in developing its wave energy technology. The power take-off (PTO) system is set for wet testing in the coming weeks.
Outlook & Strategy

Danish wave energy firm gears up for final PTO testing

Danish wave energy technology company Exowave is entering an important phase of developing its wave energy technology, as the power take-off (PTO) system is set for wet testing in the coming weeks. “We’re thrilled to share that the PTO assembly is progressing exceptionally well—faster than expected

about 1 year ago
Port of Antwerp-Bruges
Outlook & Strategy

Port of Antwerp-Bruges, MPA Singapore team up on maritime digitalization, decarbonization

Belgium’s Port of Antwerp-Bruges and the Maritime and Port Authority of Singapore (MPA) have signed a memorandum of understanding (MOU) to collaborate on maritime decarbonization and digitalization.

about 1 year ago
New MIT Maritime Consortium sets out to tackle industry challenges
Outlook & Strategy

New MIT Maritime Consortium sets out to tackle industry challenges

Maritime industry leaders and the Massachusetts Institute of Technology (MIT) have formed a new consortium to address challenges in the global shipping industry.

about 1 year ago
wind propulsion
Outlook & Strategy

Large ships can save close to $500,000 on fuel costs by adopting wind propulsion, new study reveals

There are significant economic and climate benefits of using wind-assisted propulsion to power global shipping, a new report by marine NGO Seas At Risk found.

about 1 year ago
16 applicants pursuing Denmark's $4.1 billion carbon capture and storage fund
Outlook & Strategy

16 applicants pursuing Denmark’s $4.1 billion carbon capture and storage fund

The Danish Energy Agency has received applications from 16 companies in the call for its third fund for carbon capture and storage (CCS) projects, with DKK 28.7 billion (around $4.1 billion) available to help Denmark in its path to climate neutrality. The CCS Fund will cover the costs of capture, tr

about 1 year ago
Vessev
Outlook & Strategy

Vessev readies to debut hydrofoil technology as it docks in the US market

New Zealand-based electric hydrofoiling technology company Vessev has dropped anchor in the United States market with the launch of its first office in the country, driven by an ambition to address the increasing demand for sustainable maritime solutions. As disclosed, the opening of the new office—

about 1 year ago
NIM-led project to develop ‘world’s first’ liquid hydrogen-powered general cargo ship
Outlook & Strategy

NIM-led project to develop ‘world’s first’ liquid hydrogen-powered general cargo ship

Led by the Dutch Innovation Company (NIM) and supported by the Dutch government, a new project has been launched to develop the “world’s first” zero-emission general cargo ship powered by liquid hydrogen.

about 1 year ago
EU
Outlook & Strategy

EU urged to take action to end ‘dumping’ of toxic ships and support capacity building

Belgian NGO Shipbreaking Platform has called on the European Commission to take measures that will end the “dumping” of toxic ships and boost capacity for sustainable ship recycling.

about 1 year ago
Prysmian, N-Sea join efforts to improve submarine cable security under 7-year deal
Outlook & Strategy

Prysmian, N-Sea join efforts to improve submarine cable security under 7-year deal

Italian cabling company Prysmian Group and Dutch integrated subsea solutions service provider N-Sea Group have signed a seven-year framework agreement for rapid response maintenance and repair of submarine cables. The collaboration targets enhanced energy security, bolstering the resilience of subma

about 1 year ago
PIL inks two MoUs to drive sustainable maritime operations and supply chain decarbonization
Outlook & Strategy

PIL inks two MoUs to drive sustainable maritime operations and supply chain decarbonization

Singaporean shipping company Pacific International Lines (PTE) has signed memoranda of understanding (MoU) with two companies to further its journey towards sustainable maritime operations and supply chain decarbonization.

about 1 year ago
LNGameChanger: New project zeroes in on LNG-fueled shipping with onboard CCS
Outlook & Strategy

LNGameChanger: New project zeroes in on LNG-fueled shipping with onboard CCS

A Norwegian consortium led by HAV Group has unveiled a new research project focused on LNG-fueled shipping with onboard carbon capture and storage (CCS).

about 1 year ago
Petrobras and NOV looking to develop CO2-resistant flexible pipes for deep water
Outlook & Strategy

Petrobras and NOV looking to develop CO2-resistant flexible pipes for deep water

American oilfield services company NOV and Brazilian state-owned energy firm Petrobras have signed a pre-commercial agreement for the development of flexible pipes designed for high CO2 deepwater applications. The collaboration, formalized with the signature of an agreement in February, focuses on c

about 1 year ago