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Outlook & Strategy - Offshore Energy

Outlook & Strategy

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Outlook & Strategy

ADNOC buys OCI’s stake in world’s largest seaborne exporter of ammonia

Abu Dhabi National Oil Company (ADNOC) and OCI Global have entered into a sale and purchase agreement for ADNOC to acquire OCI’s entire majority shareholding in Fertiglobe, the world’s largest seaborne exporter of urea and ammonia. Headquartered in Abu Dhabi, Fertiglobe was formed as a strategic par

about 2 years ago

Outlook & Strategy

New Stade LNG jetty opens doors for independent energy supply in Germany

Only 330 days after starting construction, Germany’s seaport company Niedersachsen Ports has handed over a new landing pier for floating storage and regasification units (FSRUs) in Stade to operators.

about 2 years ago

TAQA eyes joining Greece-Cyprus interconnector

Outlook & Strategy

TAQA eyes joining 900-kilometer European interconnector

Abu Dhabi National Energy Company PJSC (TAQA) has signed a memorandum of understanding (MoU) to explore the possibility of becoming one of the shareholders in a project to develop a 900-kilometer HVDC electricity interconnection between Greece and Cyprus. Under the terms of the MoU, TAQA will explor

about 2 years ago

Outlook & Strategy

New terminal at Immingham port to support import of green ammonia from Saudi’s NEOM

UK’s ports operator Associated British Ports (ABP) has launched a tender seeking a lead contractor or consortium to design and build a bulk liquid green energy terminal at the Port of Immingham. According to ABP, Immingham Green Energy Terminal (IGET) will be a multi-user bulk liquid green energy te

about 2 years ago

Outlook & Strategy

MOL bolsters fleet with 5 LNG-fueled Capesize bulker newbuilds

Japanese shipping major Mitsui O.S.K. Lines (MOL) is expanding its fleet with five additional newbuilding LNG dual-fueled Capesize bulkers. Namely, MOL revealed that two vessels will be ordered at compatriot Nihon Shipyard and built by Imabari Shipbuilding Co. Furthermore, Chinese shipbuilding heavy

about 2 years ago

Outlook & Strategy

Oceantic Network CEO: ‘There comes a time when we have to say enough is enough’

As new offshore wind markets keep emerging and targets in established markets keep increasing, questions on how much capacity can actually be installed, especially until 2030 which is just around the corner, have come to the sector’s foreground. The most vocal on the (un)likeliness of the national a

about 2 years ago

Outlook & Strategy

Grimaldi takes majority stake in Heraklion Port Authority

A consortium led by the Italian shipping company Grimaldi Group has acquired a majority stake in the Heraklion Port Authority (HPA S.A.). The Italian group, through a consortium with Grimaldi Euromed SpA and Minoan Lines S.A., signed a share purchase agreement earlier this morning. The company acqui

about 2 years ago

Outlook & Strategy

Japanese players and Woodside Energy join forces for CO2 capture and storage feasibility study

Japanese industry majors Sumitomo Corporation, JFE Steel Corporation, Sumitomo Osaka Cement, Kawasaki Kisen Kaisha (K LINE), and Australian energy giant Woodside Energy have signed a memorandum of understanding (MOU) to conduct a business feasibility study aimed at aggregating CO2 and transporting i

about 2 years ago

Outlook & Strategy

Scale Gas orders 12,500 cbm LNG bunkering vessel

Chinese shipbuilding mayor Nantong CIMC SOE has signed a contract for the construction of a 12,500 cbm LNG bunkering vessel with Enagás subsidiary Scale Gas. The vessel is set for delivery by 2026, the Clarksons Hellas Weekly Bulletin reports. The 12,500 cbm LNG bunkering vessel is designed to meet

about 2 years ago

Outlook & Strategy

MSC arm acquires stake in Adani’s Ennore container terminal

Terminal Investment Ltd (TiL), the container terminal operating and investing arm of Swiss MSC Mediterranean Shipping Company, the world’s largest container shipping company, has taken a 49% stake in Adani Ennore Container Terminal Pvt Ltd (AECTPL).

about 2 years ago

Outlook & Strategy

Rystad Energy partners zero-carbon shipping center

Norway’s energy research and business intelligence company Rystad Energy has joined Denmark’s Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping to advance the maritime industry’s role in the global energy transition.

about 2 years ago

Outlook & Strategy

Maersk, MSC and other liner majors suspend Red Sea runs amid escalating attacks

Leading liner companies, including industry giants Maersk, MSC, CMA CGM, HMM, and OOCL, have suspended trading on their Red Sea trade routes. This decision comes in response to a series of targeted attacks on merchant ships operating in the region, raising alarms within the global shipping community

about 2 years ago

Outlook & Strategy

Dutch government takes part in PosHYdon offshore hydrogen project

The Dutch government, through Energie Beheer Nederland (EBN), has joined the PosHYdon project, the world’s first pilot which aims to produce green hydrogen on an operational gas platform in the North Sea. The project, which will integrate three offshore energy systems – offshore wind, offshore gas,

about 2 years ago

Outlook & Strategy

Singapore, Japan to create first ‘Green and Digital Shipping Corridor’

The governments of Singapore and Japan have signed a memorandum of cooperation (MoC) to establish first Singapore – Japan Green and Digital Shipping Corridor (GDSC), aiming to develop standards and best practices supporting the decarbonization, digitalization and growth of the maritime industry.

about 2 years ago