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Outlook & Strategy

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Masdar and CMA CGM forge green maritime fuels alliance
Outlook & Strategy

Masdar and CMA CGM forge green maritime fuels alliance

Abu Dhabi-based clean energy company Masdar and French shipping major CMA CGM have signed a strategic supply partnership (SSP) to explore opportunities for long-term green maritime fuels offtake contracts. Masdar revealed the agreement on January 30, stating that the partnership aims to source, supp

about 2 years ago
Excelerate Energy to purchase Qatari LNG for Bangladesh
Outlook & Strategy

Excelerate Energy to purchase Qatari LNG for Bangladesh

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Qatar’s LNG heavyweight QatarEnergy and U.S.-based LNG importer Excelerate Energy have signed a long-term agreement for the supply of LNG from Qatar to Bangladesh. This sale and purchase agreement (SPA) will see Excelerate buy up to 1 million tons per annum (mtpa) of LNG from QatarEnergy to be deliv

about 2 years ago
seafarers on a containership
Outlook & Strategy

Neglected at sea: Seafarer abandonment surges, showing once again that critical ‘S’ is missing in sustainability

In a disheartening revelation, the International Transport Workers Federation (ITF) has unveiled alarming statistics regarding the abandonment of vessels in 2023. The figures reflect a worrying increase compared to the previous year, signifying an unsettling trend that demands urgent attention from

about 2 years ago
McDermott and Baker Hughes install subsea infrastructure for Inpex off Australia
Outlook & Strategy

Japanese gas firms join Masdar and Inpex for e-methane production study

Japan’s Tokyo Gas and Osaka Gas have signed a collaboration agreement with Abu Dhabi Future Energy Company – Masdar and Japan’s Inpex Corporation to conduct a joint feasibility study on e-methane production in Abu Dhabi in the United Arab Emirates (UAE). According to Inpex, through the initiative, T

about 2 years ago
THE RIG; Source: PIF's Oil Park Development Company
Outlook & Strategy

THE RIG’s master plan: Offshore oil platform-style ‘extreme’ adventure hub doubles in size

THE RIG is set to redefine the water sports and tourism landscape while paying homage to the legacy of Saudi Arabia’s rich oil and gas heritage.

about 2 years ago
Bahri
Outlook & Strategy

Bahri Chemicals to time-charter new methanol-powered tanker duo from Proman

Proman and Bahri ink a five-year agreement for Bahri Chemicals, a Bahri arm, to time-charter two methanol-powered ships, Stena Provident and Stena Progressive, to transport various products globally.

about 2 years ago
Illustration: Source: Wood Mackenzie
Outlook & Strategy

WoodMac’s gas and LNG trends to watch in 2024

Aside from European gas prices being down 45%, Wood Mackenzie’s forecast indicates that flat global demand is on the horizon this year.

about 2 years ago
Danish Shipping
Outlook & Strategy

Industry titans Maersk and Hapag-Lloyd forge operational cooperation deal

Container shipping industry giants Hapag-Lloyd and Maersk have signed an agreement for a new long-term operational collaboration called ”Gemini Cooperation”, which will start in February 2025. “Teaming up with Maersk will help us to further boost the quality we deliver to our customers. Additionally

about 2 years ago
AD Ports
Outlook & Strategy

AD Ports, CMA CGM, and Ecocean to breathe new life into Khalifa Port

UAE-based port operator AD Ports Group has teamed up with French shipping major CMA CGM Group and Ecocean, an innovative company serving aquatic biodiversity, on a scientific cooperation journey. The alliance aims to breathe new life into Khalifa Port through the installation of 48 Biohuts, creating

about 2 years ago
illustration
Outlook & Strategy

Clarksons forecasts 40 million CGT output for 2024-2025 after record year for car carriers

As the maritime industry charts a course for robust growth, Clarksons Shipbroking foresees a substantial increase in global shipbuilding activities, primarily driven by the growth in South Korean output. Clarksons’ estimations project a noteworthy 40 million compensated gross tonnage (CGT) output fo

about 2 years ago
ICCT: Liquified gas tankers to blame for 82% of shipping’s methane emissions in 2021
Outlook & Strategy

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

about 2 years ago
UN adopts resolution demanding immediate halt to Houthi attacks in the Red Sea
Outlook & Strategy

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

about 2 years ago
MSC Loreto
Outlook & Strategy

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

about 2 years ago
DNV: Orders for alternative-fueled vessels grow, methanol in spotlight
Outlook & Strategy

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

about 2 years ago