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Outlook & Strategy

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Seaside LNG
Outlook & Strategy

Seaside LNG voices need for accelerating LNG infrastructure as it joins SEA-LNG

Seaside LNG, an LNG production and maritime transportation logistics provider based in Houston, Texas, has become a member of SEA-LNG, a prominent industry coalition dedicated to demonstrating the advantages of the LNG pathway for reducing shipping emissions. Seaside LNG is the sole company in North

about 3 years ago
China’s first green methanol industrial chain in the making
Outlook & Strategy

China’s first green methanol industrial chain in the making

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A cooperation project for establishing China’s first green methanol industrial chain which aims to propel shipping’s decarbonization has been officially launched. COSCO Shipping, State Power Investment Corporation (SPIC), Shanghai International Port Group (SIPG), and China Certification & Inspection

about 3 years ago
Woodmac: Europe’s carbon border adjustment sparks decarbonization and price surge
Outlook & Strategy

Woodmac: Europe’s carbon border adjustment sparks decarbonization and price surge

A recent report from Wood Mackenzie titled “Playing by New Rules: How the CBAM Will Change the World” sheds light on the potential consequences of the European Union’s Carbon Border Adjustment Mechanism (CBAM). The Carbon Border Adjustment Mechanism, a policy that will require producers of goods imp

about 3 years ago
CorPower Ocean's C4 wave energy device offshore Portugal (Courtesy of CorPower Ocean)
Outlook & Strategy

One step to go for California’s tidal and wave bill to become the law

The California State Senate has passed a ‘historic’ wave and tidal energy bill that directs the California Energy Commission to evaluate the feasibility, costs, and benefits of using wave and tidal energy across the Golden-State’s 840-mile coastline.

about 3 years ago
MSC-Fincantieri deal for two new hydrogen-powered ships stands
Outlook & Strategy

MSC-Fincantieri deal for two new hydrogen-powered ships stands

The Cruise Division of MSC Group has confirmed firm orders for two hydrogen-powered vessels for its luxury travel brand Explora Journeys with the Italian shipbuilder Fincantieri and pledged to continue its push towards a net zero-carbon emissions target by 2050 by investigating additional new and ad

about 3 years ago
Illustration/CETO wave energy array (Courtesy of Carnegie Clean Energy)
Outlook & Strategy

Spain backs Carnegie with €1.2M for CETO wave energy device deployment

The Spanish government has awarded €1.2 million to Carnegie Clean Energy’s AGUAMARINA project to enhance and extend the deployment of its CETO wave energy device at Biscay Marine Energy Platform (BiMEP) in the Basque Country.

about 3 years ago
MSC Loreto
Outlook & Strategy

ESPO concerned over carbon and business leakage as EU ETS nears implementation

As the European Union (EU) prepares to implement the EU Emission Trading System (ETS) directive for the maritime sector, the European Sea Ports Organisation (ESPO) has raised concerns about the potential for carbon and business leakage due to the current legislation’s limited scope. The EU ETS direc

about 3 years ago
Dual-fuel VLCC Antonis I. Angelicoussis acquires Green Award certification
Outlook & Strategy

Dual-fuel VLCC Antonis I. Angelicoussis acquires Green Award certification

Greek-flagged LNG dual-fuel very large crude carrier (VLCC) Antonis I. Angelicoussis has received a certification from the Green Award Foundation, becoming the first of its kind to join the Green Award program. The certification includes the Green Award greenhouse gas labels CO2 (level 1) and CH4. T

about 3 years ago
UK marine surveying company changes hands
Outlook & Strategy

UK marine surveying company changes hands

UK offshore wind solutions provider OEG Renewables (OEGR) is targeting a strengthened position in the survey market with the acquisition of GEOSIGHT, a compatriot marine surveying company working on offshore renewable energy, subsea cables and civil projects. GEOSIGHT, founded in 2016 and headquarte

about 3 years ago
Wello's Penguin wave energy device (Courtesy of Wello)
Outlook & Strategy

Wello files for bankruptcy and ceases wave energy operations

Fifteen years after its establishment, the Finnish company Wello has declared bankruptcy and ceased operations following the failure of two of its full-scale Penguin wave energy devices in real sea conditions, the last of which occurred offshore Spain in late 2021.

about 3 years ago
Crowley nuclear power
Outlook & Strategy

Crowley moves into nuclear energy sector with BWXT

Florida-based shipping and energy supply chain company Crowley has teamed up with nuclear power firm BWX Technologies through a memorandum of understanding for a ship concept that has the potential to generate nuclear power. Under the cooperation, the duo will work on the design, engineering, and de

about 3 years ago
Amin H. Nasser, Saudi Aramco President & CEO; Source: Saudi Aramco
Outlook & Strategy

Aramco CEO: Widening gap in global energy transition lays bare need for ‘more realistic and robust’ multi-source plan

Aramco’s CEO has called upon world leaders and energy players to devise concrete transition steps in a bid to ensure a just transition and avert a potential energy crisis, as a result of a premature phasing out of fossil fuels.

about 3 years ago
WinGD KSS Line
Outlook & Strategy

WinGD, KSS Line forge alliance on ammonia-powered future

Swiss marine power company WinGD has signed a memorandum of understanding with South Korean shipowner KSS Line to explore X-DF-A dual-fuel ammonia engines for future newbuilds. WinGD is due to begin validation of its ammonia-fuelled engine concept on single and multi-cylinder test engines, in Winter

about 3 years ago
Freeport East could play a key role in hydrogen-enabled shipping corridors, study shows
Outlook & Strategy

Freeport East could play a key role in hydrogen-enabled shipping corridors, study shows

Freeport East, one of eight new Freeports in England covering an area within roughly 45 kilometers of the ports of Felixstowe and Harwich, holds the potential to become a key player in the development of hydrogen-enabled green shipping corridors as well as decarbonization of transport, a new study s

about 3 years ago