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Outlook & Strategy

UK and Germany forge hydrogen partnership

UK and Germany have signed a Joint Declaration of Intent to collaborate on the development of an international hydrogen industry. The new agreement was signed on September 26, 2023, at the UK Embassy in Berlin, by Minister for Energy Efficiency and Green Finance Lord Callan and Federal Republic of G

about 3 years ago

Norwegian strategic alliance sets eyes on transforming subsea and OBN markets

Outlook & Strategy

New strategic alliance sets eyes on transforming subsea and OBN markets

Norway’s Argeo and Shearwater GeoServices have entered a strategic alliance with the aim of innovating and pioneering new technology and products across the subsea and ocean bottom node (OBN) markets. The collaboration aims to drive innovation across all relevant sectors and markets, including the d

about 3 years ago

Outlook & Strategy

Fincantieri lands EUR 800 mln sustainability-linked loan

Italian shipbuilding giant Fincantieri has secured a substantial €800 million (USD 845 million) medium/long-term sustainability-linked loan. The loan, which spans five years, with a pre-amortization period of three years, will support Fincantieri’s organic growth and burgeoning workload. As informed

about 3 years ago

Outlook & Strategy

Jiangnan orders GTT tank designs for two LNGCs

French LNG containment specialist GTT has received an order from China’s Jiangnan Shipyard for the tank design of two new liquefied natural gas carriers (LNGCs), on behalf of Shandong Marine Energy (Singapore). The delivery of the vessels is scheduled between the first and second quarters of 2027. G

about 3 years ago

Outlook & Strategy

AL Group taps ABS to study Ultramax conversion to methanol

The American Bureau of Shipping (ABS) and Asiatic Lloyd Maritime LLP, member of the AL Group, have signed a joint development project (JDP) to study the feasibility of converting the fuel system of an ultramax bulk carrier, from conventional diesel to methanol. The study is focused on a series of up

about 3 years ago

Outlook & Strategy

Unboxing the ammonia-powered 15,000 TEU boxship: Seatrade and Foreship reveal key design features

Ammonia-powered container vessels are technically feasible and their development can meet acceptable preliminary safety concepts, according to the insights from a concept design study carried out by Maersk Mc-Kinney Moller Center for Zero Carbon Shipping, in partnership with Seaspan, ABS, and Foresh

about 3 years ago

The wing for Minesto's Dragon 12 tidal energy kite (Screenshot/Video by Minesto)

Outlook & Strategy

Minesto’s Dragon gets its wings ahead of take off

Swedish ocean energy developer Minesto has completed the manufacturing of the Dragon 12 wing and started system integration at quayside in Uddevalla port in Sweden.

about 3 years ago

Outlook & Strategy

Global low-emissions hydrogen growth threatened by lack of policy support and high costs, IEA report shows

While interest in new low-emissions hydrogen is on the rise, the slow roll-out of financial incentives and cost pressures put investment plans for future projects at risk, according to a new report published by the International Energy Agency (IEA). The latest edition of the IEA’s annual Global Hydr

about 3 years ago

Outlook & Strategy

DNV: Onboard CC and nuclear propulsion can compete with other decarbonization solutions

Onboard carbon capture and nuclear propulsion, previously regarded as ambitious concepts, are not only mere contenders in the quest for cleaner shipping but formidable ones, fully capable of taking on established decarbonization solutions, according to the recent findings from DNV. DNV has conducted

about 3 years ago

Illustration/Oscilla Power’s Triton-C wave energy device heading to deployment site in Hawaii (Courtesy of Oscilla Power)

Outlook & Strategy

US DOE backs six small marine energy projects with nearly $7M R&D funding

The U.S. Department of Energy (DOE) has supported six small business-led marine energy projects with close to $6.8 million in an effort to drive innovation in marine energy industry.

about 3 years ago

Outlook & Strategy

Plagazi to provide hydrogen for Gotlandsbolaget fleet

Sweden’s Plagazi has announced a project with compatriot Gotlandsbolaget for the supply of hydrogen for the next-generation ’Gotland Horizon’ fleet. The plan is for Gotlandsbolaget’s next-generation hydrogen-powered maritime transport vessels to utilize Plagazi’s hydrogen as fuel and enable Gotlands

about 3 years ago

Outlook & Strategy

Reliability of subsea cables paramount to energy transition success, GUH says

Failures in underwater cables could derail global offshore wind ambitions as the reliability of these cables is paramount to the success of offshore wind and the energy transition, according to the Global Underwater Hub (GUH), UK’s trade and industry development body for the underwater sectors. GUH

about 3 years ago

Outlook & Strategy

IEA: Methanol to take a backseat as ammonia blazes the trail in shipping’s decarbonization journey

In the ever-evolving quest to decarbonize the shipping industry, ammonia has emerged as the frontrunner, while methanol, despite its current hype, plays a comparatively smaller role, according to the International Energy Agency’s (IEA) 2023 Net Zero Roadmap report. The IEA’s 2023 Net Zero Roadmap se

about 3 years ago

Outlook & Strategy

Japanese companies join forces for liquefied hydrogen supply chain

Shipping companies Kawasaki Kisen Kaisha (K Line), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kabushiki Kaisha (NYK) have joined JSE Ocean, a subsidiary of Japan Suiso Energy (JSE), with JSE remaining the majority shareholder with 50.2% of the stock, whilst the shipping companies hold 16.6% each. Th

about 3 years ago