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Outlook & Strategy

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FSRU Independence takeover advances, KN selects unit’s technical operator
Outlook & Strategy

FSRU Independence takeover advances, KN selects unit’s technical operator

Lithuanian liquefied natural gas (LNG) terminal operator Klaipedos Nafta (KN) has announced that Norwegian capital company Hoegh LNG Klaipėda will serve as a technical operator for the floating storage and regasification unit (FSRU) Independence of the Klaipėda terminal for a minimum of five years.

about 3 years ago
ABS
Outlook & Strategy

ABS sets up electrification centre in Singapore

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The American Bureau of Shipping (ABS) is launching a global ABS Electrification Center in Singapore to support maritime decarbonization projects. The center will be comprised of ABS engineers and technical specialists, providing support to a range of electrification projects for shipowners, shipyard

about 3 years ago
World’s first bulk liquefied hydrogen vessel arrives in Singapore
Outlook & Strategy

World’s first bulk liquefied hydrogen vessel arrives in Singapore

Singapore has welcomed the world’s first bulk liquefied hydrogen carrier, Suiso Frontier, designed and manufactured by Japan’s Kawasaki Heavy Industries (KHI) and operated by Shell Japan. The vessel was berthed at the Shell Energy and Chemicals Park Singapore on Pulau Bukom from 1 September to 7 Sep

about 3 years ago
African nations back carbon levy on shipping
Outlook & Strategy

African nations back carbon levy on shipping

A coalition of 20 African nations has thrown their weight behind the Nairobi Declaration, advocating for a global carbon levy on shipping. The declaration was adopted at the Africa Climate Summit held in Nairobi last week, and it calls for new global taxes to fund climate change action and adaptatio

about 3 years ago
In focus: Road to net zero has become much bumpier
Outlook & Strategy

In focus: Road to net zero has become much bumpier

Weening the world off fossil fuels and developing clean alternatives was bound to be hard even in perfect circumstances, but the latest global developments are bringing into question if any of the current efforts to decarbonize and reach net zero are even achievable in the given time-frames. Case in

about 3 years ago
Orbital Marine Power’s O2 floating tidal turbine (Courtesy of Orbital Marine Power)
Outlook & Strategy

Industry unites to praise ‘fantastic day’ for UK tidal energy sector

Industry associations, research centers and supported developers have all unanimously welcomed the results of the latest renewables auction in the UK – where 53MW of tidal stream projects won contracts – deeming the outcome a ‘resounding vote of confidence’ in the increasingly mature tidal energy se

about 3 years ago
Illustration; Source: Offshore Energies UK (OEUK)
Outlook & Strategy

UK’s oil & gas, offshore wind, CCS, and hydrogen investments to hit whopping £200 billion by 2030

The UK’s total offshore energy investment in oil, gas, renewables and low-carbon energies could reach £200 billion this decade.

about 3 years ago
TEN logo
Outlook & Strategy

TEN bolsters green vessel fleet with scrubber-fitted MR pair

Greek shipowner TEN has signed construction contracts for two scrubber-fitted MR product tankers, the company revealed. These 50,000 dwt vessels, ordered in August from an unnamed shipbuilder, are slated for delivery in the first quarter of 2026. According to Intermodal, the vessels were ordered fro

about 3 years ago
Illustration/Magallanes Renovables’ tidal energy platform (Courtesy of Magallanes Renovables)
Outlook & Strategy

The tide turns for marine energy projects in Wales

Marine Energy Wales has welcomed the announcement that four tidal stream projects, based in Welsh waters, have been given the green light to provide electricity to the National Grid, as part of the latest allocation round of the UK government’s renewable auction.

about 3 years ago
Post-installation survey next on the list for Viking Link
Outlook & Strategy

Post-installation survey next on the list for Viking Link

A post-installation survey is set to soon commence at the Viking Link project in the North Sea after Prysmian completed the last section of the submarine cable for the UK-Denmark interconnector. The last section was laid and assembled 172 kilometers off the Danish coast in German and Dutch waters on

about 3 years ago
Black & Veatch: Boosted LNG production is vital for propelling energy transition
Outlook & Strategy

Black & Veatch: Boosted LNG production is vital for propelling energy transition

In its new eBook, LNG: Fueling the Future, LNG infrastructure solutions company Black & Veatch examines the role LNG will play in the future of the global energy landscape. The company detailed how the industry must scale beyond its current production capacity to balance increasing levels of renewab

about 3 years ago
Illustration/AR1500 tidal turbine (Courtesy of SIMEC Atlantis)
Outlook & Strategy

UK supports 11 tidal energy projects with record capacity of over 50MW in latest CfD auction round

In its fifth round of the Contracts for Difference (CfD) scheme, the UK has supported 11 tidal energy projects with a record capacity of over 50MW and €11.6 million total ringfenced budget.

about 3 years ago
New partnership eyes development of NH3-fueled NH3 bunkering tanker
Outlook & Strategy

New partnership eyes development of NH3-fueled NH3 bunkering tanker

ClassNK, a ship classification society, Consort Bunkers, bunkering ships operator, Daihatsu Diesel, alternative fuel engines developer, Daikai Engineering, machinery and marine equipment and after-sales service provider, and SeaTech Solutions International, designer of ships equipped with alternativ

about 3 years ago
Hanwha Ocean emission -free LNG carrier
Outlook & Strategy

Hanwha Ocean unveils world’s 1st carbon emission-free LNG carrier

South Korean shipbuilder Hanwha Ocean, formerly known as Daewoo Shipbuilding & Marine Engineering Co., has received clearance for key innovations that are at the heart of what is believed to be the world’s first carbon emission-free LNG carrier. Specifically, the shipyard has received approval in pr

about 3 years ago