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Outlook & Strategy

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Nakilat books LNG and LPG carriers at Hyundai Samho in fleet expansion move
Outlook & Strategy

Nakilat books LNG and LPG carriers at Hyundai Samho in fleet expansion move

Qatari LNG shipping operator Nakilat has placed orders at South Korean Hyundai Samho Heavy Industries (HSHI) for the construction of six vessels – two LNG carriers and four very large LPG/ammonia carriers – as part of its strategic shipping expansion. The order was revealed on January 9, 2024. It in

about 2 years ago
Offshore wind: Both challenges and enormous opportunities lie ahead
Outlook & Strategy

Offshore wind: Both challenges and enormous opportunities lie ahead

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The offshore wind industry has faced significant headwinds in the past couple of years, with most of the negative effects tracing their origin back to the start of the COVID-19 pandemic and the geopolitical turmoil caused by Russia’s aggression against Ukraine. This has led to supply chain instabili

about 2 years ago
Clarksons: 2023 a positive year for shipping as China delivers 50% of shipbuilding output
Outlook & Strategy

Clarksons: 2023 a positive year for shipping as China delivers 50% of shipbuilding output

Seaborne trade has witnessed a notable uptick in 2023, registering a 3% increase to a $12.4 billion, according to data from Clarksons Research. The global maritime landscape further unveils a 3% growth in the world fleet, reaching an 2.3 billion deadweight tons (dwt). Despite this expansion, the new

about 2 years ago
UMAS
Outlook & Strategy

NYK CEO warns: Post-cold war international order unsustainable, signalling uncharted waters ahead

The maritime industry stands at the nexus of geopolitical intricacies, grappling with unprecedented challenges that demand astute navigation and strategic foresight. The latest attacks in the Red Sea against merchant ships come on the back of a series of black swan events, each more intricate and ch

about 2 years ago
LNG
Outlook & Strategy

US-led coalition of global powers warns Houthis to stop ‘illegal attacks’ or ‘bear the consequences’

The governments of the United States, Australia, Bahrain, Belgium, Canada, Denmark, Germany, Italy, Japan, Netherlands, New Zealand, Singapore, and the United Kingdom issued a joint statement warning the Houthis against further attacks in the Red Sea. The statement is being issued on the heels of th

about 2 years ago
Wave energy project now sending clean electricity to Israel's electrical grid
Outlook & Strategy

Wave energy project now sending clean electricity to Israel’s electrical grid

Swedish-Israeli wave energy developer Eco Wave Power has commenced sending clean electricity from its EWP-EDF One project to the Israeli National Electrical grid. Eco Wave Power has recently finalized the construction of the EWP-EDF One project in the Port of Jaffa which has a 100 KW installed capac

about 2 years ago
Clarksons: 45% of ships ordered in 2023 embrace alternative fuels, with LNG still in the lead
Outlook & Strategy

Clarksons: 45% of ships ordered in 2023 embrace alternative fuels, with LNG still in the lead

The renewal of the global shipping fleet made a significant stride in 2023, with a total of 539 ships, equivalent to 45% of all newbuild orders placed last year by gross tonnage, being capable of running on alternative fuels, Clarksons Research said. “2023 was a hugely significant year in the shippi

about 2 years ago
Noatum
Outlook & Strategy

Noatum consolidates its position in Spain with APM Terminals Castellón acquisition

Noatum Terminals, the terminals operations business of Noatum Group, has acquired 100% ownership of APM Terminals Castellón in Spain for a total purchase consideration of € 10 million. The agreement, which was reached with APM Terminals, has obtained all regulatory and stakeholder approvals and the

about 2 years ago
Maersk Moscow
Outlook & Strategy

Update: Maersk extends transit pause through Red Sea/Gulf of Aden

In the wake of the latest incident involving Maersk’s containership Maersk Hangzhou, the global liner major has decided to halt all transits through the Red Sea and Gulf of Aden until further notice. Just days after announcing its gradual return to the Red Sea, Maersk Hangzhou was targeted by a miss

about 2 years ago
2023 in review: A transformative year for shipping and maritime
Outlook & Strategy

2023 in review: A transformative year for shipping and maritime

In the maritime realm, 2023 has been a year marked by transformative projects and announcements, on both the regulatory side, ship designing, and shipbuilding front as well as demand signals for the production of alternative fuels. Amidst geopolitical turbulences in the Middle East, the ongoing conf

about 2 years ago
Illustration; Source: Westwood
Outlook & Strategy

2024 offshore drilling outlook: Westwood’s top three predictions for rig market

Westwood Global Energy, an energy market research and consultancy firm, has outlined its top three predictions for 2024.

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

Energy outlook: Is gas and LNG growth freeze on the cards in 2024?

Wood Mackenzie has come up with ten predictions for the energy industry in 2024, which hint at a downturn in gas, LNG.

about 2 years ago
Illustration; Source: U.S. Energy Information Administration (EIA)
Outlook & Strategy

2023 state of energy in review: Gas and green shift as centerpieces of future mix

Following the global energy crisis in 2022, energy security reigned supreme on countries’ energy agendas during 2023.

about 2 years ago
IAPH
Outlook & Strategy

IAPH President: Ports should not compete but collaborate to ensure infrastructure for green fuels

Jens Meier, President of the International Association of Ports and Harbors (IAPH) and CEO of Hamburg Port Authority has called on ports to actively collaborate on knowledge sharing between themselves and the maritime community to accelerate decarbonization.

about 2 years ago