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Outlook & Strategy

MAN ES lands inaugural order for methanol GenSets

MAN Energy Solutions (MAN ES) has secured its first order for six small-bore, seven-cylinder 21/31DF-M GenSets, designed to operate on methanol. The milestone order is part of the construction project for two 9,300 car equivalent unit (CEU) Pure Car and Truck Carriers (PCTCs) destined for China Merc

about 3 years ago

Outlook & Strategy

Hudong-Zhonghua completes LNGC ‘two-in-one’ trial in record time

China’s Hudong-Zhonghua Shipbuilding has completed the ‘two-in-one’ (regular and gas) trial in five and a half days for the 174,000 cubic meter large liquefied natural gas carrier (LNGC) built by the company for China State Shipbuilding Corporation (CSSC) Shipping Leasing, setting what is said to be

about 3 years ago

Greece and Saudi Arabia establish joint venture company to develop electricity link

Outlook & Strategy

Greece and Saudi Arabia lay foundation for development of electricity interconnector

Greece and Saudi Arabia have agreed to establish a special purpose company for the development of an electricity interconnector between the two countries. Chairman of the Board and CEO of Greek electricity grid operator Independent Power Transmission Operator (IPTO or Admie) Manos Manousakis and the

about 3 years ago

Outlook & Strategy

Crowley, ABS team up on augmented reality tech

Florida-based marine company Crowley has joined forces with the ABS classification society to explore the innovative realms of augmented and virtual reality technologies within the maritime industry. The ABS partnership agreement builds on Crowley’s new service network using augmented reality on sel

about 3 years ago

Outlook & Strategy

UNCTAD: Up $28 bln extra required to decarbonize shipping

While the push for eco-friendly shipping is commendable, it comes with a hefty price tag, potentially affecting small island developing states (SIDS) and least developed countries (LDCs) that rely heavily on maritime transport. According to a recent UNCTAD report, the transition to decarbonized ship

about 3 years ago

Outlook & Strategy

Sunfire’s SOEC produces first hydrogen at RWE’s site in Lingen

The GET H2 TransHyDE joint project, based in Lingen, Germany, has reached a milestone with hydrogen produced for the first time on the site of the RWE gas-fired power plant in Emsland (KEM) using a high-temperature solid oxide electrolyzer (SOEC) from Sunfire. The electrolyzer, which is installed in

about 3 years ago

Outlook & Strategy

Intermodal: Bulkers in high demand

The dynamic shipbuilding sector in Japan has flexed its muscles over the past week, securing major contracts in the bulker sector totaling in a dozen orders. Oshima Shipbuilding has been linked to an order with Greek shipping company Latsco Shipping Limited. The deal entails the construction of thre

about 3 years ago

Outlook & Strategy

Investor financing backs commercialization of Nauticus’ ocean robots fleet

U.S.-based developer of ocean robots Nauticus Robotics has secured term loan financing of up to $20 million from existing investors that will be used to bolster the commissioning and commercialization of its fleet. Nauticus Robotics entered into a senior secured term loan agreement with existing sta

about 3 years ago

Outlook & Strategy

Survey wraps up at TotalEnergies’ CO2 storage license

Shearwater GeoServices has completed a carbon storage survey project in the Danish North Sea for French energy giant TotalEnergies. The survey covers a CO2 geological storage license awarded to TotalEnergies earlier this year. To remind, the Danish Ministry of Climate, Energy and Supply announced on

about 3 years ago

Outlook & Strategy

QatarEnergy places $3.9 billion order for 17 LNG carriers at Korean shipyard

Qatar’s state-owned oil and gas company QatarEnergy has signed an agreement with South Korean shipyard HD Hyundai Heavy Industries (HHI) for the construction of 17 LNG carriers. The shipbuilding contract, valued at QR14.2 billion ($3.9 billion), was revealed on September 27, 2023, and is said to mar

about 3 years ago

Outlook & Strategy

Bunkering ammonia not so dangerous after all?

Safety concerns surrounding ammonia bunkering and the design of ammonia-bunkering vessels are in the spotlight as the maritime industry explores ammonia as a potential green fuel. Despite ammonia’s well-known toxicity, it has been successfully transported as cargo on LPG ships in recent years. Now,

about 3 years ago

Cirata floating solar plant in Indonesia (Courtesy of Masdar)

Outlook & Strategy

Masdar, PLN NP shake hands to triple the size of ASEAN’s largest floating solar plant

UAE’s Masdar has signed the agreement with PLN Nusantara Power (PLN NP) for a 500MW expansion of Cirata floating solar plant in Indonesia – which is set to become the largest floating solar plant in the Association of Southeast Asian Nations (ASEAN).

about 3 years ago

Outlook & Strategy

KBR nets blue hydrogen tech and FEED contract for EET Hydrogen HPP2 unit

U.S. engineering company KBR has been awarded a blue hydrogen process technology and front-end engineering design (FEED) contract by Essar Group’s EET Hydrogen, formerly Vertex Hydrogen, for its planned HPP2 low-carbon hydrogen facility at HyNet, the UK’s industrial decarbonization project. Under th

about 3 years ago

Illustration; Source: International Energy Agency (IEA)

Outlook & Strategy

IEA’s net-zero recipe: Going green and slashing fossil fuels’ role in energy mix while pursuing ‘equitable’ transition

The IEA believes that the path to limiting global warming to 1.5 °C has narrowed, however, clean energy growth is still keeping it open.

12 minutes read