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Outlook & Strategy

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Hy24 commits to invest €13 million in Hexagon Purus
Outlook & Strategy

Hy24 commits to invest €13 million in Hexagon Purus

Hy24, a clean hydrogen pure-play investment manager, will invest around €13 million into Norwegian hydrogen systems supplier Hexagon Purus. The investment is the first by Hy24’s new Clean Hydrogen Equipment Fund, focused on industrializing the supply chain to scale the clean hydrogen economy. The fu

about 2 years ago
Stena Progressive
Outlook & Strategy

GSI wraps up China’s 1st methanol dual-fuel tanker construction project with delivery of Stena Progressive

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China’s shipbuilding major Guangzhou Shipbuilding International (GSI), a subsidiary of China State Shipbuilding Corporation, has handed over the 50,000-ton methanol dual-fuel oil tanker Stena Progressive to its owner Proman Stena Bulk, the joint venture between Stena Bulk and methanol producer Proma

about 2 years ago
Lithuania’s Klaipeda LNG terminal suspends acceptance of Russian cargoes
Outlook & Strategy

Regasification capacity available at Klaipeda LNG terminal

Lithuanian Klaipeda LNG terminal operator KN Energies, formerly Klaipedos Nafta, has announced that there is available unused LNG terminal capacity for booking. The company said that, having received a request from one of the terminal users regarding the planned non-utilization of LNG terminal capac

about 2 years ago
Trafigura seals long-term LNG deal with Canada’s largest natural gas producer
Outlook & Strategy

Trafigura seals long-term LNG deal with Canada’s largest natural gas producer

Commodities trading group Trafigura has inked a long-term LNG agreement with Canada’s largest natural gas producer Tourmaline, marking the first time the two parties have signed such an agreement. Tourmaline said it increased its exposure to JKM by entering into a netback agreement with Trafigura ba

about 2 years ago
Floating solar market will be as big as the onshore solar sector, says Oceans of Energy CEO
Outlook & Strategy

Floating solar market will be as big as onshore solar sector, says Oceans of Energy CEO

The industry needs to start shifting its focus from wind farms to energy farms as we have limited space which we need to make use of in an efficient way. A synergy of offshore wind and floating solar is the way to go. “If you only fill 20% of wind farm space with floating solar, […]

about 2 years ago
VARD to build NKT's new cable-laying vessel
Outlook & Strategy

VARD to build NKT’s new cable-laying vessel

Denmark-based power cable manufacturer and installation company NKT has placed an order with Norway’s VARD for the construction of its new cable-laying vessel (CLV). In May 2023, on the back of a record order backlog and the strong market outlook, NKT announced investments in a new high-voltage fact

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
United Heavy Transport
Outlook & Strategy

United Heavy Transport, Dongbang forge strategic alliance

Germany’s maritime transport provider United Heavy Transport and South Korean transportation firm Dongbang Transport Logistics have joined forces in a new strategic alliance combining their respective strengths.

about 2 years ago
N-Sea charters fuel-efficient vessel in move to strengthen its subsea offering
Outlook & Strategy

N-Sea charters fuel-efficient vessel in move to strengthen subsea offering

The Netherlands-headquartered N-Sea has chartered a hybrid, fuel-efficient survey and remotely operated vehicle (ROV) support vessel in a push to strengthen its offshore subsea activities. N-Sea Group entered into an agreement with Geo Plus to long-term charter the Dutch-flagged vessel Geo Ranger, w

about 2 years ago
bulker powered by ammonia
Outlook & Strategy

Saverys says investing in future-proof ships makes sense now, reveals a pipeline of 120 hydrogen and ammonia-powered ships

Belgian owner of marine and industrial applications CMB.TECH plans to add approximately 120 hydrogen and ammonia-powered vessels to its fleet and has five hydrogen infrastructure projects worldwide in the pipeline, Alexander Saverys, the company’s chief executive, revealed in a capital markets day p

about 2 years ago
Fratelli Cosulich orders its first methanol dual-fueled bunker tanker in China
Outlook & Strategy

Fratelli Cosulich orders its first methanol dual-fueled bunker tanker in China

Italian maritime transportation group Fratelli Cosulich has ordered its first methanol dual-fueled chemical bunker tanker with a capacity of over 8,000 cubic meters and the ability to carry both green methanol and biofuels. According to Fratelli Cosulich, the order for the 7,990 dwt IMO Type II chem

about 2 years ago
Mitsui, Celanese joint venture starts CO2-to-methanol production
Outlook & Strategy

Mitsui, Celanese joint venture starts CO2-to-methanol production

Fairway Methanol, a U.S.-based 50-50 joint venture (JV) between Japan’s Mitsui & Co. and U.S. Celanese Corporation, has begun the production of methanol by using carbon dioxide (CO2) emitted from plants surrounding the venture’s facility. According to Mitsui, Fairway Methanol is expected to capture

about 2 years ago
Illustration; Courtesy of Golar
Outlook & Strategy

Interview: LNG greasing the energy transition wheels – Black & Veatch’s take on low-carbon future

Black & Veatch’s President of Asia Pacific and India spotlighted accelerated LNG production as a critical piece of the decarbonization puzzle.

16 minutes read
MAN Karadeniz
Outlook & Strategy

MAN ES to supply 48 dual-fuel engines to Karpowership

Engine powerhouse MAN Energy Solutions has signed a contract with Turkish powership builder and owner Karpowership for the delivery of a total of 48 dual-fuel engines for Karpowership’s fleet of power plant ships. The engine order consists of MAN 18V51/60DF dual-fuel engines with a mechanical output

about 2 years ago