Outlook & Strategy
New joint venture to scale up renewable energy use in Port of Hamburg
Hamburg Port Authority (HPA) and electricity supplier Hamburger Energiewerke (HEnW) have decided to create a joint venture to drive forward the decarbonisation of the Port of Hamburg.
ICCT: Liquified gas tankers to blame for 82% of shipping’s methane emissions in 2021
In 2021, an overwhelming 82 percent of methane emissions from international shipping could be traced back to liquefied gas tankers, primarily LNG carriers, according to the International Council on Clean Transportation (ICCT). The data is derived from an analysis conducted using the ICCT’s Systemati
ECSA welcomes Polish Shipping Association as new member
The European Community Shipowners’ Associations (ECSA) has welcomed the Polish Shipping Association as a full member.
Great Eastern Shipping teams up with Harbor Lab
India’s largest private shipping company Great Eastern Shipping Co. Ltd. has joined forces with Greece-based maritime software company Harbor Lab in a digitalization partnership aimed at optimizing port cost management. Under the collaboration, Great Eastern Shipping has chosen to utilize the full s
Acquisition of Norwegian company next move in DeepOcean’s effort to grow subsea offering
A couple of days after news about a charter of a converted, battery-powered vessel to boost its subsea offering, DeepOcean announced it was acquiring digital transformation company Btwn AS as part of its ambition to grow its offering within digitalization and automation of subsea operations. Btwn –
Commercial eFuels project planned in Northern Norway
U.S.-based eFuels provider Infinium and Mo Industrial Park, an industrial development zone in Northern Norway, have signed a memorandum of understanding (MoU) to develop an advanced eFuels production facility in Mo i Rana, Norway. Infinium said the project will have the capacity to produce an initia
UN adopts resolution demanding immediate halt to Houthi attacks in the Red Sea
Following what has been described as the ‘largest Houthi drone attack’ in the Red Sea on January 9, the U.N. Security Council adopted a resolution demanding that the Houthis immediately cease all attacks on merchant and commercial vessels. At least 21 missiles and drones were launched toward interna
Following pre-funding, PGS, TGS and SLB to expand seismic data coverage off Malaysia
The consortium of TGS, PGS and SLB has secured pre-funding to expand multi-client seismic data coverage in the Sabah Basin offshore Malaysia. The seventh phase of this multi-year project encompasses over 5,000 kilometers of new 2D seismic data acquisition, over 2,600 kilometers of legacy seismic dat
Gasum procures large SEFE LNG cargo to Finland’s Inkoo FSRU terminal
Finnish energy company Gasum has delivered a cargo of liquefied natural gas (LNG), procured from Germany’s SEFE (Securing Energy for Europe), to the Inkoo floating storage regasification unit (FSRU). The LNG cargo is approximately 800 GWh in size, and as already mentioned, it is supplied by SEFE, or
Türkiye’s new energy efficiency roadmap envisions $20 billion investment by 2030
Türkiye is pulling out all the stops to fortify its energy security, including new energy efficiency roadmap and action plan.
Discriminating against hydrogen colors will not get us any further
Hydrogen, deemed as a connector for offshore energy markets, is yet to play a very important role, especially in hard-to-abate sectors. The energy transition and especially the hydrogen transition can be built efficiently, faster, cheaper, and with fewer emissions if we build it on existing knowledg
BIMCO: 2024 brings a whopping 41% surge in containership deliveries, beating 2023 record
In 2023, global shipyards delivered 350 new containerships with a total capacity of 2.2 million TEU, beating the previous record from 2015 when 1.7 million TEU was delivered. The 2023 record is now likely to be beaten already in 2024, BIMCO announced. As 2023 saw a relatively low level of container
Klaipedos Nafta revamps amid changes in energy sector
Lithuanian energy terminal operator Klaipedos Nafta (KN) has officially changed its name to KN Energies to reflect the company’s strategic changes. Specifically, the operator said the name change reflects the company’s new long-term strategy to follow the path of sustainable energy by switching from
DNV: Orders for alternative-fueled vessels grow, methanol in spotlight
According to the latest stats from DNV’s Alternative Fuels Insight (AFI) platform, a total of 298 ships with alternative fuel propulsion were ordered in 2023, with methanol going mainstream. The classification society revealed that by a small margin, methanol proved the most popular alternative fuel