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Outlook & Strategy

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Shipping; Illustration
Outlook & Strategy

Veson to take over VesselsValue

Veson Nautical, a London-based provider of maritime freight management solutions, has revealed plans to acquire vessel valuation provider VesselsValue. VesselsValue was founded in 2011 and is considered the market standard for daily updated, automated, vessel-specific valuations. VesselsValue is a d

about 3 years ago
Illustration/Nova Innovation's tidal turbine (Courtesy of Nova Innovation)
Outlook & Strategy

Nova Innovation enters floating solar market, with first installation set for Scotland

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Scottish company Nova Innovation has expanded its tidal energy product portfolio with the addition of floating solar technology, announcing also plans for the installation of Scotland’s first array of floating solar panels later in 2023.

about 3 years ago
Two final offers in for Denmark's first CCUS subsidy pool
Outlook & Strategy

Two final offers in for Denmark’s first CCUS subsidy pool

The Danish Energy Agency has received two final offers related to Denmark’s first tender for the carbon capture, utilization and storage (CCUS) subsidy pool, with a contract expected in May. The Danish Energy Agency announced in August 2022 that three applicants – I/S Vestforbrænding, Ørsted Bioener

about 3 years ago
Liquid hydrogen swappable storage solution for ships in the making
Outlook & Strategy

Liquid hydrogen swappable storage solution for ships in the making

The Sustainable Hydrogen Powered Shipping Project (sHYpS), which is centred around the idea of developing a liquid hydrogen (LH2) swappable storage solution for multiple types of vessels, is gaining ground. Launched in the summer of 2022, the sHYpS project gathers 13 partners in six countries with a

about 3 years ago
Biofuels
Outlook & Strategy

WFW: Biofuels trump LNG as most popular alternative for the next 5 years

In 2021, LNG was the most popular alternative fuel considered by shipowners for use in the (then) next five years; twice as many as those who said they were considering biofuels. That position has now virtually reversed, with biofuels at the same level of response as LNG in 2021 while LNG has fallen

about 3 years ago
HelioRec’s floating solar system (Courtesy of HelioRec)
Outlook & Strategy

French floating solar start-up attracts major new investors

French floating solar start-up HelioRec has closed the first tranche of its seed round, securing new investments from First Imagine! and Techstars.

about 3 years ago
Port of Los Angeles, California
Outlook & Strategy

Survey: 56 pct of shipowners are in ESG-linked tie-ups

The maritime industry has a better idea of the trade-offs necessary to achieve net zero, although most of the practical work still lies ahead, and regulatory and technology uncertainties remain, a recent survey conducted by the London-based law firm Watson Farley & Williams (WFW) shows. ‘The Sustain

about 3 years ago
Vopak strengthens ties with Gasunie, moves forward with LNG projects
Outlook & Strategy

Vopak strengthens ties with Gasunie, moves forward with LNG projects

Dutch tank storage company Vopak has provided updates on its LNG projects, including EemsEnergyTerminal, Gate terminal Rotterdam, and Hong Kong LNG terminal project. EemsEnergyTerminal Vopak’s first update is in regard to EemsEnergyTerminal, an LNG import terminal located in the Eemshaven in the Net

about 3 years ago
Illustration/FLASC’ floating storage prototype tested in Malta in 2018 (Courtesy of FLASC BV)
Outlook & Strategy

Research into floating breakwaters as powerbanks for marine renewables starts in Malta

The University of Malta has teamed up with its offshore energy storage spin-off FLASC to assess the potential of integrating renewable energy and energy storage solutions with floating breakwaters.

about 3 years ago
Onyx Power to build hydrogen production plant in Rotterdam port
Outlook & Strategy

Onyx Power to build hydrogen production plant in Rotterdam port

Port of Rotterdam, the Netherlands, has revealed that energy provider Onyx Power plans to build a low-carbon blue hydrogen production plant at its existing site in the port. With a capacity of 1,200 MW, the plant is expected to produce some 300 kilotonne per annum blue hydrogen, and the Rotterdam po

about 3 years ago
Illustration/InfinityWEC design with upgraded PTO (Courtesy of Ocean Harvesting)
Outlook & Strategy

Ocean Harvesting targets €400K to optimize wave energy device

Swedish company Ocean Harvesting Technologies has embarked on a funding raise, targeting €400,000 to further optimize its InfinityWEC wave energy device ahead of sea trials.

about 3 years ago
Unite the union
Outlook & Strategy

Pay dispute brings ‘unprecedented’ strike action to five major UK oil & gas operators

UK’s Unite the union has revealed a 48-hour stoppage on dozens of offshore platforms on the United Kingdom Continental Shelf (UKCS).

about 3 years ago
CMA CGM
Outlook & Strategy

Exclusive: CSSC, CMA CGM pen record-breaking deal for 16 ultra-large boxships worth $3 bln

In a significant development for China’s shipbuilding industry, the China State Shipbuilding Corporation (CSSC) and French liner heavyweight CMA CGM have inked an agreement to construct 16 large container ships worth more than 21 billion Yuan ($3.06 billion). The order comprises of twelve 15,000 TEU

about 3 years ago
In focus: Vessel decarbonization efforts power ahead
Outlook & Strategy

In focus: In pressing need for GHG reduction, vessel decarbonization efforts power ahead

In a pressing need to reduce global greenhouse gas emissions (GHG), the shipping sector and offshore vessel services providers are certainly the protagonists in the whole decarbonization story. However, although we are seeing an increasing number of initiatives, we still have a long way to go.

about 3 years ago