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Outlook & Strategy

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ADNOC Gas and JAPEX conclude 5-year LNG supply deal
Outlook & Strategy

ADNOC Gas and JAPEX conclude 5-year LNG supply deal

UAE’s integrated gas processing company ADNOC Gas has signed a five-year LNG supply agreement with energy company Japan Petroleum Exploration (JAPEX). ADNOC said the agreement, valued between $450 million (AED 1.65 billion) and $550 million (AED 2 billion), builds on the long-standing bilateral rela

about 3 years ago
IDTechEx: Storage and distribution is vital part of hydrogen value chain
Outlook & Strategy

IDTechEx: Storage and distribution is vital part of hydrogen value chain

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In its new market report “Hydrogen Economy 2023-2033: Production, Storage, Distribution & Applications,” technology company IDTechEx explores the subject of hydrogen storage and distribution technologies, examining their use cases and highlighting recent commercial activities in this domain. In rece

about 3 years ago
The ‘EWP-EDF One’ wave energy plant in Tel Aviv, Israel (Courtesy of Eco Wave Power)
Outlook & Strategy

Waves start producing clean power for Israel’s electrical grid

Eco Wave Power has connected its wave energy plant to Israel’s national electrical grid, making it the first wave energy project to deliver electricity to the country’s power supply.

about 3 years ago
MMMCZCS: Navigating the regulatory traps to drive real change
Outlook & Strategy

MMMCZCS: Navigating the regulatory traps to drive real change

Regulatory measures implemented by the International Maritime Organization (IMO) often set out with the noble goal of curbing carbon dioxide (CO2) emissions and promoting sustainability within the global shipping industry. Yet, the journey from regulation to actual emission reduction can be marred b

about 3 years ago
DP World to bolster handling capacity with 3 million TEU
Outlook & Strategy

DP World to bolster handling capacity with 3 million TEU

Dubai-based port operator DP World expects to add approximately 3 million Twenty-Foot Equivalent Units (TEUs) of new container handling capacity by the end of the year. The company currently manages approximately 9% of the world’s handling capacity, putting it among the top five global port operator

about 3 years ago
World’s first liquefied H2 carrier Suiso Frontier to visit Oman
Outlook & Strategy

World’s first liquefied H2 carrier Suiso Frontier to visit Oman

Suiso Frontier, the world’s first liquefied hydrogen carrier built by Kawasaki Heavy Industries (KHI), is scheduled to arrive at the Sultan Qaboos Port in Muscat, Oman, today (14 August). According to local media reports, the ship departed Abu Dhabi and is heading to Muscat for its first visit to th

about 3 years ago
Oman LNG strikes 4-year supply deal with Germany’s SEFE
Outlook & Strategy

Oman LNG strikes 4-year supply deal with Germany’s SEFE

Oman LNG has signed a binding term-sheet agreement with German Securing Energy for Europe (SEFE) to supply 0.4 million metric tons per annum (mtpa) of LNG starting from 2026. According to a report from the Omani state news agency, the agreement, based on a 4-year contract, aims to enhance the partne

about 3 years ago
New Dutch donation to bridge funding gap, allowing UN to embark on salvage ops for ‘ticking timebomb’ in Red Sea
Outlook & Strategy

With the oil transfer completed, the final destination of FSO Safer remains unknown

The successful completion of the oil transfer operation from the FSO Safer marks a significant milestone in averting a potential environmental and humanitarian catastrophe in the Red Sea. However, the mission is far from over, as the next crucial steps involve making a decision that would ensure the

about 3 years ago
Fugro delivers milestone subsea inspection in the Middle East
Outlook & Strategy

Fugro delivers first-ever remotely operated subsea inspection in the Middle East

Fugro has carried out what is said to be the first-ever remotely operated subsea inspection using an uncrewed surface vessel (USV) in the Middle East. Having commissioned the region’s first-ever government-licensed USV in early 2023, Fugro has now carried out its first USV operation for a client in

about 3 years ago
Beihai Shipbuilding
Outlook & Strategy

VesselsValue: Tankers lead the demolition charge

Tankers took the lead in the demolition market, comprising approximately 43% of all scrapped cargo vessels in 2022, according to insights from VesselsValue. Despite this dominance, the number of tankers scrapped actually decreased by 55% YoY, dropping from 123 in 2021 to 55 in 2022. In comparison, t

about 3 years ago
Has the time come for ‘demolition flurry’ everyone was talking about to boost liner profits?
Outlook & Strategy

Has the time come for ‘demolition flurry’ everyone was talking about to boost liner profits?

The container shipping industry is grappling with a complex challenge – an overcapacity crisis. The surge in new containerships ordered during the pandemic, coupled with supply chain normalization at major ports and inland regions, has led to a flood of capacity that is profoundly disrupting the equ

about 3 years ago
BIMCO: Soaring containership deliveries to push fleet growth by 4.5 m TEU
Outlook & Strategy

BIMCO: Soaring containership deliveries to push fleet growth by 4.5 m TEU

Deliveries of new container ships during the first seven months of the year reached a new record high of 1.2 million TEU in 2023, beating the previous record by 0.2 million TEU, data from BIMCO shows. As recycling of ships has remained low, the fleet capacity has grown 4.3% since January. The contra

about 3 years ago
Cargill
Outlook & Strategy

ZeroNorth partners with Cargill to optimize over 600 vessels and drive green efficiency

Climate technology company ZeroNorth has signed a three-year contract with Swiss freight trader Cargill on the provision of software for optimisations across vessels and voyages. The deal will see ZeroNorth become the main optimisation partner for more than 600 vessels the aim being to drive efficie

about 3 years ago
Maersk feeder bunkering with Agility tanker; Image credit Maritime & Port Authority of Singapore
Outlook & Strategy

Interview: After shattering records in green-methanol bunkering, OCI Global stresses the power of collaboration for a smooth transition

Green methanol is rapidly emerging as a transformative marine fuel, leading the charge in the maritime industry’s quest for sustainable and eco-friendly shipping operations, it is quickly becoming a prominent contender in the race to decarbonize the sector. As the imperative for decarbonization of t

about 3 years ago