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Outlook & Strategy

Hayfin unlocks $1 billion in shipping asset potential

Europe’s shipping investor Hayfin Capital Management has completed a fundraising process for its Maritime Yield strategy, attracting $400m in capital commitments for the fund. With the latest financing round, Hayfin will have the capacity to acquire up to $1bn of shipping assets when coupled with co

about 2 years ago

FPSO Prosperity working at ExxonMobil's third oil project on the Stabroek Block offshore Guyana; Source: ExxonMobil

Outlook & Strategy

ExxonMobil, Chevron set sights on more oil & gas along with low-carbon and new energies

ExxonMobil and Chevron have disclosed their capital investment expectations, encompassing oil and gas plays along with emission-reduction solutions.

about 2 years ago

Outlook & Strategy

Euronav brings its ammonia-powered VLCC tally to three, adds two Suezmax orders to the mix

Belgian tanker company Euronav NV confirmed this morning that it has lifted the option for one more very large crude carrier (VLCC) at Chinese shipyard Qingdao Beihai and ordered two Suezmaxes at Daehan Shipbuilding in South Korea. The confirmation comes on the heels of shipbroker reports on the ord

about 2 years ago

Outlook & Strategy

CWP partners with Djibouti government to speed up 5-10 MW green hydrogen project

Renewable energy developer CWP Global and the Government of the Republic of Djibouti have signed a joint declaration on accelerating CWP’s Green Star Hydrogen Hub, a 5-10 GW green hydrogen project that aims to redefine the energy landscape in the Horn of Africa. The parties signed the joint declarat

about 2 years ago

Outlook & Strategy

HMM seals massive deal with CSSC for dual-fuel PCTC behemoths backed by Hyundai Glovis charter

South Korean shipping giant HMM has inked a landmark contract with China State Shipbuilding Corporation (CSSC) for the construction of up to ten 10,800 CEU LNG dual fuel car carriers. The vessels are set to be constructed at CSSC’s Guangzhou Shipyard International (GSI) for a price of $732 million.

about 2 years ago

Outlook & Strategy

BP joins hands with Indonesian company for LNG import project in East Java

UK’s BP Gas & Power Investments and Indonesia’s logistics and supply chain company PT AKR Corporindo have signed a joint development agreement to work on an LNG import project involving a regasification terminal in Java Integrated Industrial and Port Estate at Gresik, East Java, Indonesia (JIIPE). A

about 2 years ago

Outlook & Strategy

CCS awards flurry of AIPs at Marintec for homegrown ammonia/methanol engines, and ship designs

China Classification Society (CCS) has awarded dozens of Approvals in Principle (AIP) at this year’s China International Maritime Exhibition (Marintec China). The exhibition is one of the most authoritative B2B platforms for the international maritime industry and it has seen numerous business deals

about 2 years ago

Illustration/Minesto's Dragon 4 tidal energy kite (Courtesy of Minesto)

Outlook & Strategy

Minesto installs seabed anchor for Dragon 12 tidal energy device

Minesto has completed the installation of a drilled and grouted seabed anchor solution for the Dragon 12, at the company’s production site offshore in Vestmannasund, Faroe Islands.

about 2 years ago

Outlook & Strategy

COSCO Line to retrofit containership quartet to methanol

Following in the pioneering footsteps of Maersk, Chinese shipping heavyweight COSCO Line is embarking on a journey to retrofit some of its containerships for methanol propulsion. Namely, COSCO Line has partnered with compatriot China’s COSCO Heavy Industry Shanghai, a COSCO Group shipyard, to retrof

about 2 years ago

Outlook & Strategy

Alfa Laval fuel supply system for industry’s first methanol boxship retrofit project

Danish shipping giant Maersk has selected Alfa Laval’s fuel supply system FCM Methanol for its pioneering methanol retrofit project.

about 2 years ago

France LNG Shipping signs another LNGC charter agreement with EDF

Outlook & Strategy

NYK and Sinopec sign LNG transportation charter deal

Japan’s shipping company NYK has concluded a long-term time-charter contract for LNG transportation with China’s energy company China Petroleum & Chemical Corporation (Sinopec). The contract is for the transport of LNG to China for up to 23 years, beginning in 2024 or later. NYK said that this time-

about 2 years ago

Outlook & Strategy

PIL and DP World team up to decarbonize global supply chains by using alternative fuels

Singapore’s shipping company Pacific International Lines (PIL) and Dubai-based port operator DP World have signed a memorandum of understanding (MoU) to jointly develop green solutions, such as using alternative fuels, to decarbonize global supply chains. PIL and DP World signed the agreement at the

about 2 years ago

Outlook & Strategy

Amogy’s ammonia-to-power system completes technology verification with LR

The US-based ammonia power solutions company Amogy has completed its technology verification phase with the UK’s classification society Lloyd’s Register.

about 2 years ago

Dr. Sultan Ahmed Al-Jaber, UAE Minister of Industry, CEO of ADNOC, and COP28 President; Source: COP28

Outlook & Strategy

COP28: Reconciling great expectations with reality in a highly polarized world

A deep dive into COP28 and the clash between those calling for a phase-out of fossil fuels and the ones lobbying to keep oil, gas, and coal firmly entrenched in the energy mix.

13 minutes read