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Outlook & Strategy

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Misje Rederi’s 4th eco-friendly hybrid bulk carrier hits water
Outlook & Strategy

Misje Rederi’s 4th eco-friendly hybrid bulk carrier hits water

Norwegian shipowner Misje Rederi has celebrated the ceremonial launch of Misje Flora, its 4th eco-friendly hybrid bulk carrier, crafted at Colombo Dockyard in Sri Lanka. According to Misje Rederi, the launch, spearheaded by the company’s CEO Roald Misje, marks a bold move in blending conventional an

about 2 years ago
GKinetic's hydrokinetic turbine (Courtesy of GKinetic Energy)
Outlook & Strategy

GKinetic Energy appoints former GE Hydro executive to its board

Irish hydrokinetic turbine developer GKinetic Energy has appointed Fergus Brady to its board as projects and partnerships development advisor.

about 2 years ago
Wintershall Dea enters second UK carbon capture and storage project
Outlook & Strategy

Wintershall Dea enters second UK carbon capture and storage project

Carbon Catalyst has completed the farmout of a 10% interest in a carbon capture and storage (CCS) project in the UK North Sea to Wintershall Dea. Carbon Catalyst reported on November 14 that it had completed the farmout of a 10% working interest in the Poseidon carbon storage license located in the

about 2 years ago
Santos
Outlook & Strategy

Australian oil & gas giant and Korean player join forces to decarbonize Asia with carbon capture and storage

Santos and SK E&S will pool resources on cross-border carbon capture and storage (CCS) solutions to assist Asia in lowering its carbon footprint.

about 2 years ago
Hanwha Ocean bags $498 million order for world’s largest ammonia carriers
Outlook & Strategy

Hanwha Ocean bags $498 million order for world’s largest ammonia carriers

South Korean shipbuilding major Hanwha Ocean has secured an order worth KRW 656.2 billion (around $498 million) to construct four very large ammonia carriers (VLACs) for Greek shipowner Naftomar Shipping and Trading. According to Hanwha Ocean, each VLAC will be able to transport 93,000 cubic meters

about 2 years ago
MSC Cruises orders two new LNG-powered World Class ships at Chantiers de l’Atlantique
Outlook & Strategy

MSC Cruises orders two new LNG-powered World Class ships at Chantiers de l’Atlantique

MSC Cruises, the cruise division of Swiss shipping giant MSC Group, has confirmed the order for two new LNG-powered cruise ships at French shipyard Chantiers de l’Atlantique. The ships belong to MSC Cruises’ World Class series, which includes the already-delivered MSC World Europa and MSC World Amer

about 2 years ago
N-Sea strengthens subsea activities with 60-meter-long vessel
Outlook & Strategy

N-Sea strengthens subsea activities with 60-meter-long vessel

Netherlands-headquartered N-Sea is strengthening its fleet and subsea activities with a 2012-built offshore support vessel. N-Sea Group entered into an agreement with Rederij Groen to long-term charter the Dutch-flagged vessel 4-WINDS. The company said that with the long-term charter, it was strengt

about 2 years ago
Odfjell
Outlook & Strategy

Odfjell bolsters fleet with six new eco tankers

Norwegian shipping company Odfjell SE has decided to expand its fleet with six newbuildings through a combination of long-term time charter and pool agreements.

about 2 years ago
Avenir LNG to welcome Avenir Achievement LNG bunkering vessel
Outlook & Strategy

Avenir LNG’s CEO steps down

UK-based small-scale LNG company Avenir LNG has informed that its chief executive officer, Peter Mackey, will be stepping down from his position. On November 13, Avenir LNG revealed this management change, explaining that Mackey will remain with the company until the end of the first quarter of 2024

about 2 years ago
European duo wins FEED contract for green NH3 terminal in Western Africa
Outlook & Strategy

European duo wins FEED contract for green NH3 terminal in Western Africa

Dutch ammonia contractor Proton Ventures and Belgian tank specialist Geldof have been awarded a front-end engineering design (FEED) contract for what is said to be the first green ammonia terminal in Western Africa. Proton Ventures said the project marks a significant step towards exporting green am

about 2 years ago
Illustration/Wavepiston's wave energy technology (Courtesy of Wavepiston)
Outlook & Strategy

After OTEC and tidal, Shell sets sights on wave energy as well

Danish wave energy company Wavepiston has partnered up with Shell Technology – Marine Renewable Program to identify opportunities and potential avenues for collaboration on ocean energy developments.

about 2 years ago
Capital Product Partners earmarks $3 billion for 11 newbuild vessels as focus shifts to LNG carrier segment
Outlook & Strategy

Capital Product Partners earmarks $3 billion for 11 newbuild vessels as focus shifts to LNG carrier segment

After revealing plans to shift its business focus towards the LNG carrier sector, Capital Product Partners L.P. (CPLP) has now entered into an agreement to acquire eleven newbuild LNG carriers for a total price of $3.1 billion. On November 13, CPLP said it had entered into an umbrella agreement with

about 2 years ago
Illustration; Source: International Energy Agency (IEA)
Outlook & Strategy

COP28: Sketching decarbonization roadmap with phase-out of fossil fuels as the centerpiece to get global net-zero efforts on track

COP28 is seen as a beacon of hope to devise a transformational roadmap in a bid to get the global energy transition undertaking on track.

about 2 years ago
methanol
Outlook & Strategy

World’s 1st ship management company for methanol-powered vessels created

Dockendale Ship Management and Green Marine have created Dockendale Green Marine Ship Management, the world’s first ship management company exclusively dedicated to methanol-powered ships.

about 2 years ago
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