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Outlook & Strategy

Pertamina and Karpowership forge LNG and alternative fuels alliance

Indonesia’s PT Pertamina International Shipping (PIS), a subsidiary of PT Pertamina (Persero), and Turkey’s Karpowership have formalized a general partnership agreement (GPA) to develop sustainable energy infrastructure in Indonesia. Under the GPA, which was formalized during the COP28 in Dubai on F

about 2 years ago

Outlook & Strategy

EU-Catalyst Partnership to back Ørsted’s FlagshipONE e-methanol project

Danish energy company Ørsted has secured support from the EU-Catalyst Partnership, which consists of the European Commission (EC), Breakthrough Energy Catalyst, and the European Investment Bank (EIB), for its FlagshipONE project, also known as Europe’s largest e-methanol plant. On December 1, at COP

about 2 years ago

Outlook & Strategy

Shipping CEOs call for an end to fossil-only powered newbuilds

The Chief Executive Officers (CEOs) of leading global shipping lines have issued a joint declaration at COP 28 calling for an end date for fossil-only powered newbuilds and urging the International Maritime Organization (IMO) to create the regulatory conditions to accelerate the transition to green

about 2 years ago

Outlook & Strategy

IEEFA warns of overbuild of LNG import infrastructure in South Korea

A new report by the Institute for Energy Economics and Financial Analysis (IEEFA) has found that South Korea is rapidly developing liquefied natural gas (LNG) import and storage terminals, presenting a high risk of overinvestment and overcapacity. According to IEEFA estimates, the country’s LNG indu

about 2 years ago

Outlook & Strategy

New tool identifies best ports for developing green first-mover initiatives

Environmental Defense Fund (EDF) and Lloyd’s Register (LR) Maritime Decarbonisation Hub, in collaboration with Arup, have introduced the Sustainable First Movers Initiative Identification Tool, a system to help shipping stakeholders align investment decisions that support the maritime energy transit

about 2 years ago

Outlook & Strategy

K Line demonstrates autonomous navigation system on large RORO

Japanese shipping company Kawasaki Kisen Kaisha (K Line) has tested an autonomous navigation system on the 11,413 gross-ton large RORO cargo ship HOKUREN MARU No. 2, operated by K-Line on a round-trip route of approximately 1,600 km between Hitachi Port and Kushiro Port. The system was trialed in th

about 2 years ago

Outlook & Strategy

Vale starts biofuel trial on Oldendorff’s Newcastlemax

Brazilian mining giant Vale, working in partnership with Oldendorff Carriers, has kick-started its first biofuel voyage on a bulk vessel. The trial is taking place on an Oldendorff vessel performing a laden Vale voyage from Brazil to Asia, carrying a full cargo of iron ore. The Hinrich Oldendorff, b

about 2 years ago

Outlook & Strategy

Project for implementing Scotland-Rotterdam hydrogen export route moves forward

The consortium behind the LOHC for Hydrogen Transport from Scotland (LHyTS) project, which aims to establish a hydrogen export route from Scotland to Rotterdam via liquid organic hydrogen carrier (LOHC), has conducted engineering studies targeted at developing a pilot project as a precursor to large

about 2 years ago

Outlook & Strategy

Corvus Energy appoints new CEO

The Board of Norway-based energy storage company Corvus Energy has appointed Fredrik Witte as the new CEO, starting January 1st, 2024. Witte joins from his position as the Managing Director of Cargill Aqua Nutrition. “Corvus Energy is entering an important phase where the company will continue to bu

about 2 years ago

Outlook & Strategy

Northern Lights’s LCO2 carrier pair hits 60% completion milestone

The construction of the first two Northern Lights’ ships has surged past the 60% completion mark, signaling substantial strides in the creation of what has been described as the world’s first large vessels tailor-made for liquified CO2 transport, the company said. The Northern Lights project, a join

about 2 years ago

Illustration/Nova Innovation's tidal turbine (Courtesy of Nova Innovation)

Outlook & Strategy

Scottish Renewables: ‘Seastar spells the start of a new chapter in the tidal energy story’

Scottish Renewables has welcomed the announcement about €20 million secured from the EU for a 4MW tidal energy project that will be deployed offshore Scotland and led by Nova Innovation.

about 2 years ago

Outlook & Strategy

Partners initiate feasibility study on hydrogen/ammonia value chain in Thailand

Mitsui O.S.K. Lines (MOL), Electricity Generation Authority of Thailand (EGAT), Mitsubishi Company, and Chiyoda Corporation have kicked off a feasibility study on establishing a clean hydrogen and ammonia value chain derived from renewable energy sources in Thailand. To mark the start of the feasibi

about 2 years ago

Outlook & Strategy

New green hydrogen and PtX solutions company Rely formally established

Technip Energies, an engineering and technology company, and John Cockerill, a designer and manufacturer of large-scale technological solutions, have finalized the creation of Rely, a new company dedicated to integrated green hydrogen and Power-to-X (PtX) solutions. Headquartered in Brussels, Belgiu

about 2 years ago

Outlook & Strategy

Training project for seafarers on zero-emission ships in the making

A new training project is being launched aimed at preparing seafarers for zero or near-zero emission ships as a way of addressing the imminent need for upskilling the workforce to operate advanced technological solutions and alternative fuels. The project was announced at the 2023 UN Climate Change

about 2 years ago