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Outlook & Strategy

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Vopak strengthens ties with Gasunie, moves forward with LNG projects
Outlook & Strategy

Vopak strengthens ties with Gasunie, moves forward with LNG projects

Dutch tank storage company Vopak has provided updates on its LNG projects, including EemsEnergyTerminal, Gate terminal Rotterdam, and Hong Kong LNG terminal project. EemsEnergyTerminal Vopak’s first update is in regard to EemsEnergyTerminal, an LNG import terminal located in the Eemshaven in the Net

about 3 years ago
Illustration/FLASC’ floating storage prototype tested in Malta in 2018 (Courtesy of FLASC BV)
Outlook & Strategy

Research into floating breakwaters as powerbanks for marine renewables starts in Malta

The University of Malta has teamed up with its offshore energy storage spin-off FLASC to assess the potential of integrating renewable energy and energy storage solutions with floating breakwaters.

about 3 years ago
Onyx Power to build hydrogen production plant in Rotterdam port
Outlook & Strategy

Onyx Power to build hydrogen production plant in Rotterdam port

Port of Rotterdam, the Netherlands, has revealed that energy provider Onyx Power plans to build a low-carbon blue hydrogen production plant at its existing site in the port. With a capacity of 1,200 MW, the plant is expected to produce some 300 kilotonne per annum blue hydrogen, and the Rotterdam po

about 3 years ago
Illustration/InfinityWEC design with upgraded PTO (Courtesy of Ocean Harvesting)
Outlook & Strategy

Ocean Harvesting targets €400K to optimize wave energy device

Swedish company Ocean Harvesting Technologies has embarked on a funding raise, targeting €400,000 to further optimize its InfinityWEC wave energy device ahead of sea trials.

about 3 years ago
FCC debuts LNG-powered tanker Fairchem Pioneer
Outlook & Strategy

FCC debuts LNG-powered tanker Fairchem Pioneer

Fairfield Chemical Carriers (FCC), a US operator specialising in chemical tankers, has launched the Fairchem Pioneer, its first LNG-powered stainless steel chemical tanker. The LNG dual-fueled (DF) vessel, jointly developed by Fukuoka Shipbuilding and Fairfield Japan, a subsidiary of FCC, was launch

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

Petronas inks farm-out deal for oil & gas field off Sabah

Petronas has entered into a farm-out agreement (FOA) with SMJ Sdn Bhd (SMJSB), a company wholly-owned by the Sabah state government.

about 3 years ago
JERA and KOGAS strengthen LNG ties amid uncertain global energy supply
Outlook & Strategy

JERA and KOGAS strengthen LNG ties amid uncertain global energy supply

Japanese energy giant JERA has signed a memorandum of understanding (MoU) with South Korea’s state-owned natural gas importer and transporter Korea Gas Corporation (KOGAS) for cooperation in the LNG business. Pursuant to the MoU which seeks to secure the stability of LNG supplies, JERA and KOGAS agr

about 3 years ago
Unite the union
Outlook & Strategy

Pay dispute brings ‘unprecedented’ strike action to five major UK oil & gas operators

UK’s Unite the union has revealed a 48-hour stoppage on dozens of offshore platforms on the United Kingdom Continental Shelf (UKCS).

about 3 years ago
CMA CGM
Outlook & Strategy

Exclusive: CSSC, CMA CGM pen record-breaking deal for 16 ultra-large boxships worth $3 bln

In a significant development for China’s shipbuilding industry, the China State Shipbuilding Corporation (CSSC) and French liner heavyweight CMA CGM have inked an agreement to construct 16 large container ships worth more than 21 billion Yuan ($3.06 billion). The order comprises of twelve 15,000 TEU

about 3 years ago
In focus: Vessel decarbonization efforts power ahead
Outlook & Strategy

In focus: In pressing need for GHG reduction, vessel decarbonization efforts power ahead

In a pressing need to reduce global greenhouse gas emissions (GHG), the shipping sector and offshore vessel services providers are certainly the protagonists in the whole decarbonization story. However, although we are seeing an increasing number of initiatives, we still have a long way to go.

about 3 years ago
GTT’s membrane tech to support PipeChina’s upcoming LNG projects
Outlook & Strategy

GTT’s membrane tech to support PipeChina’s upcoming LNG projects

French LNG containment specialist GTT and PipeChina Innovation, a subsidiary of the state-owned PipeChina Group, have signed a cooperation agreement on GTT’s membrane technology for PipeChina’s upcoming LNG projects. The agreement was signed on the occasion of the visit of French President Emmanuel

about 3 years ago
Two new facilities and vehicle electrification in Soil Machine Dynamics' five-year plan
Outlook & Strategy

Two new facilities and vehicle electrification in Soil Machine Dynamics’ five-year plan

Subsea robotics and engineering company Soil Machine Dynamics (SMD) has revealed its plans to exceed £100 million turnover within five years, which includes the electrification of its vehicles and two new facilities. To reach the turnover goal, SMD said it has ambitious recruitment targets and plans

about 3 years ago
ClassNK
Outlook & Strategy

ClassNK gives A rating to LNG-powered Fairchem Pioneer

ClassNK certification society has given an A rating to the LNG dual-fueled chemical tanker Fairchem Pioneer jointly developed by Fukuoka Shipbuilding and Fairfield Japan. The tanker is currently under construction at Fukuoka Shipbuilding, and is going to be chartered to FJL. The vessel was evaluated

about 3 years ago
Petredec
Outlook & Strategy

Petredec’s dual-fuel LPG carrier returns from sea trials

A 93,000 cbm LPG carrier with dual fuel LPG propulsion, being built by China’s Jiangnan Shipyard, for Petredec Holdings (Eastern) PTE, has returned from sea trials. The vessel, named Harzand, is the first of a total of six 93,000 cbm LPG vessels Petredec has on order at the yard. The shipbuilder sai

about 3 years ago
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