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Outlook & Strategy

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ammonia-powered
Outlook & Strategy

Clarksons: 48% of orderbook embracing alternative fuels with 191 ships ammonia-ready

A total of 5.5% of fleet capacity today is alternatively fuelled, up from 2.3% in 2017, according to Clarksons’ Green Technology Tracker, which estimates the figure to reach 6.5% by 2025. Although alternative-fuelled newbuild ordering has been a little slower in 2023 to date, 48% of overall orderboo

about 3 years ago
Illustration/Dragon 4 towing in Faroe Islands (Courtesy of Minesto)
Outlook & Strategy

Minesto hits a snag with Dragon 4 tidal energy kite’s offshore trials

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Swedish company Minesto has retrieved its Dragon 4 tidal energy unit in Faroe Islands, amid interruption of electricity production during tests in Vesmanna.

about 3 years ago
Tidal turbine foil made for ORPC device as part of CRIMSON Project (Courtesy of ÉireComposites)
Outlook & Strategy

CRIMSON tidal energy project enters next phase

The EU-backed CRIMSON project has moved to the next stage with the delivery of new foils for ORPC’s tidal energy turbine.

about 3 years ago
JERA, EnBW and VNG looking into ammonia cracker demonstration plant in Rostock
Outlook & Strategy

JERA, EnBW and VNG looking into ammonia cracker demonstration plant in Rostock

Japanese energy company JERA and its two German counterparts EnBW and VNG have teamed up to study the feasibility of constructing an ammonia cracker demonstration plant. To this end, the parties signed a memorandum of understanding (MoU) to jointly examine the feasibility of the construction of a de

about 3 years ago
nogaps
Outlook & Strategy

In focus: Clean fuels make a grand entrance into maritime and offshore energy space

The decarbonization of maritime industry is increasingly picking up pace, led by new zero-emissions and hybrid-powered vessels, as ever-innovative offshore renewables sector finds new ways to produce green hydrogen – one of the most promising clean fuels in the energy transition story.

about 3 years ago
Spanish government greenlights El Musel LNG terminal start-up
Outlook & Strategy

Spanish government greenlights El Musel LNG terminal start-up

El Musel LNG terminal in Gijón has received administrative authorization for its start-up from the Spanish Ministry for the Ecological Transition and the Demographic Challenge. According to the Spanish energy company Enagás, the technical conditions for the provision of LNG logistics services at the

about 3 years ago
Delfin
Outlook & Strategy

MOL invests in FLNG developer Delfin Midstream

Mitsui O.S.K. Lines (MOL) has entered into a strategic investment agreement with Delfin Midstream Inc, an LNG export infrastructure development company utilizing low-cost FLNG technology solutions. Delfin is the parent company of Delfin LNG and Avocet LNG LLC. Delfin LNG is a brownfield Deepwater Po

about 3 years ago
MOL Naomi Matsushita
Outlook & Strategy

MOL appoints 1st female captain

Japanese shipping major Mitsui O.S.K. Lines, Ltd. (MOL) has appointed Naomi Matsushita as the captain of its car carrier, Beluga Ace, effective June 6. The decision marks a significant step forward for gender diversity in the Japanese maritime sector, as it is the first time a female seafarer has as

about 3 years ago
First commercial shipment of low-carbon ammonia sent to Taiwan Fertilizer
Outlook & Strategy

First commercial shipment of low-carbon ammonia sent to Taiwan Fertilizer

SABIC Agri-Nutrients, a petrochemical company from Saudi Arabia, in collaboration with energy company Aramco, has sent the first commercial shipment of low-carbon ammonia to Taiwan Fertilizer Company. On its social media, SABIC said the shipment reflects its commitment to delivering low-carbon solut

about 3 years ago
Trames Diez vessel installing pressure pipe off Canary Islands (Courtesy of Wavepiston)
Outlook & Strategy

Wavepiston makes progress on wave-powered desalination system in Canary Islands

Danish company Wavepiston has informed it is on a good track to deploy its first full-scale wave energy system for power generation and desalination off Canary Islands.

about 3 years ago
Guangzhou Shipbuilding International EPS
Outlook & Strategy

Eastern Pacific inks deal for up to 4 dual-fuel LR II tankers with GSI

Singapore-based ship management company Eastern Pacific Shipping (EPS) has signed a construction contract for 2+2 LNG dual-fuel LRII tankers with Chinese shipyard Guangzhou Shipbuilding International Co., a subsidiary of China State Shipbuilding Corporation, and CSSC Trading. The order for the 111,0

about 3 years ago
Fault found at first UK-Norway interconnector
Outlook & Strategy

Fault found at first UK-Norway interconnector

A fault has been found on the 1,400 MW North Sea Link (NSL) that connects the UK and Norway causing the interconnector to operate at half capacity. Norway’s Statnett reported yesterday, 8 June, that a fault caused the unavailability of the NSL interconnector in the afternoon and the project will be

about 3 years ago
Illustration; Source: EIA
Outlook & Strategy

What impact will OPEC+ cuts have on global and US oil & gas production?

The EIA expects global oil production to be lower than anticipated after OPEC+ announced extension of its crude oil production cuts.

about 3 years ago
TGE Gas Engineering wins EPC contract for Shenzhen LNG project
Outlook & Strategy

TGE Gas Engineering wins EPC contract for Shenzhen LNG project

Natural gas distribution company Shenzhen Gas Corporation has awarded LNG storage contractor TGE Gas Engineering with an EPC contract for the Shenzhen LNG Storage and Peak Shaving II expansion project in China. TGE will perform this project in a consortium with CIMC Enric Engineering Technology (CET

about 3 years ago