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Outlook & Strategy

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Rolls-Royce mtu engines with pure hydrogen pass trials
Outlook & Strategy

Rolls-Royce mtu engines with pure hydrogen pass trials

Technology company Rolls-Royce has conducted tests of a 12-cylinder gas variant of the mtu engines running on 100% hydrogen fuel, marking a step towards the commercial introduction of hydrogen solutions. The tests of a 12-cylinder gas variant of the mtu Series 4000 L64 engined powered by pure hydrog

about 3 years ago
Euronav
Outlook & Strategy

CMB seeks dismissal of Euronav’s Supervisory Board members

Euronav’s shareholder Compagnie Maritime Belge NV (CMB) is asking for the dismissal of all five members of the tanker giant’s Supervisory Board following the failed merger with Frontline. The company has issued a request to Euronav requesting for a special general meeting of the Supervisory Board as

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about 3 years ago
Trafigura
Outlook & Strategy

Trafigura commits to carbon dioxide removal

As a founding member of the First Movers Coalition (FMC), commodities group Trafigura has committed to carbon dioxide removal as well as to purchase at least 50,000 tonnes of durable and scalable net carbon dioxide removal credits by the end of 2030 generated through advanced carbon dioxide removal

about 3 years ago
Magseis Fairfield delists from Oslo Stock Exchange
Outlook & Strategy

Magseis Fairfield delists from Oslo Stock Exchange

Norwegian survey services provider Magseis Fairfield has delisted its shares from the Oslo Stock Exchange (Oslo Børs) following the acquisition by TGS. The process with TGS started when the company announced a voluntary offer for all shares in Magseis Fairfield (ticker: MSEIS) on 29 June 2022. When

about 3 years ago
Incat
Outlook & Strategy

Incat: World’s largest LNG-powered aluminium catamaran to switch to batteries

South American ferry operator Buquebús is in talks with Australian catamaran builder Incat Tasmania on the possibility of replacing the LNG powerplant with a battery-electric solution on its newbuilding ferry under construction at the yard. Having an overall length of 130 metres, a width of 32 metre

about 3 years ago
Enagás buys stake in UK-Netherlands subsea gas pipeline operator
Outlook & Strategy

Enagás buys stake in UK-Netherlands subsea gas pipeline operator

Spanish energy company Enagás has reached an agreement with Germany’s Uniper to acquire a 20% stake in the Dutch BBL Company, an owner of a 235-kilometre subsea gas interconnection between the Netherlands and the UK. Enagás concluded the deal as part of the objectives of its strategic plan to contri

about 3 years ago
Anthony Veder
Outlook & Strategy

Anthony Veder assigns LNG carriers for DRG’s LNG terminal in Lubmin

Dutch gas shipping company Anthony Veder has committed three LNG carriers to Deutsche ReGas (DRG) for its new floating LNG terminal in Lubmin, Germany. “We are proud that we have been selected by Deutsche ReGas for supporting in their floating LNG terminal,” Jan Valkier, CEO Anthony Veder said. “As

about 3 years ago
Illustration; Ammonia-ready
Outlook & Strategy

Clarksons: Ammonia-ready at 10.8 pct as alternative fuel orders hit new heights

The majority of the newbuilding tonnage ordered in 2022 was alternatively fuelled, according to the data from Clarksons Research. Insights from the shipbroker show that 61% of tonnage ordered last year (35% by number) was alternatively fuelled. Overall, 83.4 million dwt was ordered across vessel sec

about 3 years ago
Euronav
Outlook & Strategy

Fredriksen builds stake in Euronav in the wake of botched merger

Famatown Finance Limited, a company indirectly controlled by trusts settled by shipping billionaire John Fredriksen, has increased its stake in European tanker major Euronav. Euronav disclosed earlier today that Famatown Finance Limited acquired 5,127,000 additional shares and today holds, together

about 3 years ago
UK, UAE ally on clean energy, hydrogen included
Outlook & Strategy

UK, UAE ally on clean energy, hydrogen included

The UK and UAE have signed a Memorandum of Understanding (MoU) expected to help facilitate the sharing of technical knowledge, advice, skills, and expertise, opening up new avenues for cooperation on energy and climate, while boosting jobs and investment in the UK. UK Business and Energy Secretary G

about 3 years ago
Masdar agrees to explore green hydrogen exports from Abu Dhabi to Europe
Outlook & Strategy

Masdar agrees to explore green hydrogen exports from Abu Dhabi to Europe

Abu Dhabi-based clean energy company Masdar and four Dutch companies have signed a memorandum of understanding (MoU) to explore the development of a green hydrogen supply chain between Abu Dhabi and Amsterdam. The MoU was signed by the representatives of Masdar, Port of Amsterdam, SkyNRG, Evos Amste

about 3 years ago
In focus: Is Europe the heart of the energy transition?
Outlook & Strategy

In focus: Is Europe the heart of the energy transition?

It is just the second week of the new year ahead of us, however, European authorities and industry are not wasting any time on acting upon carbon reduction efforts. This week saw the European Union launch a number of initiatives, making us wonder whether 2023 will be the year of big changes.

about 3 years ago
Cargill
Outlook & Strategy

Cargill orders methanol-powered Kamsarmax pair

Swiss freight trader Cargill has placed an order for two methanol-fuelled bulk carriers in Japan. Namely, the company has teamed up with Mitsu & Co, and ordered a Kamsarmax duo from Japanese shipbuilder Tsuinesihi Shipbuilding. The order was reportedly signed last month and the ships are scheduled f

about 3 years ago
Low-carbon investments set to hit $620 billion in 2023, Rystad says
Outlook & Strategy

Low-carbon investments set to hit $620 billion in 2023, Rystad says

While low-carbon investments overtook oil & gas spending for the first time in 2022, this growth is expected to slow in 2023, says Rystad.

about 3 years ago