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Outlook & Strategy

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cma cgm
Outlook & Strategy

26 LNG-powered ships to join Ocean Alliance Day 7

Members of the OCEAN Alliance, CMA CGM, COSCO Shipping Lines, OOCL and Evergreen have signed the Ocean Alliance Day 7 Product, which will launch in January 2023 with 40 services and an annual capacity of 22.4 million TEUs. It has been announced that 26 dual-fuel, LNG-powered CMA CGM ships would be a

about 3 years ago
bulker
Outlook & Strategy

INTERCARGO: CII cannot be used to achieve desired decarbonisation goals

The International Association of Dry Cargo Shipowners (INTERCARGO) has joined the critics of the Carbon Intensity Indicator (CII) framework voicing opposition to its use as a benchmark for medium-term measures as part of the IMO’s revised GHG Strategy. INTERCARGO said that its members expressed thei

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about 3 years ago
Maersk
Outlook & Strategy

Maersk to study feasibility of green fuels bunkering in Oman

Danish container shipping major Maersk is resuming its partnership-building strategy aimed at securing the supply of green fuels for its new ships. Namely, the company has signed a Memorandum of Cooperation (MoC) with the Alternative Energy (AE) business unit of OQ, a global integrated energy compan

about 3 years ago
Sovcomflot’s Gagarin Prospect
Outlook & Strategy

All eyes on Russia’s fleet as crude oil price cap, OPEC+ cut perpetuate tanker markets’ volatility

Uncertainty and volatility continue to cast a shadow over the oil and tanker market as December 5 deadline for the oil price cap for Russian oil expires. Today, all eyes are set on Russia to see what vessels will be loaded and where they would head as Moscow defines its steps in response to the [&he

about 3 years ago
Cargo
Outlook & Strategy

UNCTAD: GHG emissions from the world’s maritime fleet heading in wrong direction

Greenhouse gas emissions from the world’s maritime fleet increased by 4.7%, between 2020 and 2021, with most of the increase coming from container ships, dry bulk carriers and general cargo vessels, the latest Maritime Transport report from UNCTAD warns. Another worrying trend is the fact that the f

about 3 years ago
QatarEnergy agrees to supply LNG to Germany for at least 15 years
Outlook & Strategy

QatarEnergy agrees to supply LNG to Germany for at least 15 years

QatarEnergy has signed two long-term LNG sale and purchase agreements with ConocoPhillips affiliates to deliver up to 2 million tons per annum (mtpa) of LNG from Qatar to Germany. Under the two agreements, a ConocoPhillips wholly-owned subsidiary will purchase the agreed quantities to be delivered e

about 3 years ago
Netherlands sets sights on hydrogen cooperation with Oman
Outlook & Strategy

Netherlands sets sights on hydrogen cooperation with Oman

During the climate summit COP27 in Egypt, the governments of the Netherlands and Oman have signed a declaration of intent with the aim to cooperate on hydrogen projects. The hydrogen cooperation between the two countries will focus on setting up import and export facilities for green hydrogen. The N

about 3 years ago
Qatar and China sign 27-year LNG supply deal
Outlook & Strategy

Qatar and China sign 27-year LNG supply deal

QatarEnergy and China Petroleum & Chemical Corporation (Sinopec) have entered into a 27-year sale and purchase agreement (SPA) for the supply of 4 million tons per annum (mtpa) of liquefied natural gas (LNG) to China. The contracted LNG volumes will be supplied from QatarEnergy’s North Filed East (N

about 3 years ago
Three brand new jack-up rigs to join UAE drilling giant’s fleet
Outlook & Strategy

Three brand new jack-up rigs to join UAE drilling giant’s fleet

UAE-based ADNOC Drilling has inked a deal to acquire three new jack-up drilling rigs, as part of its fleet expansion strategy.

about 3 years ago
How do things stand for the oil & gas industry in the wake of COP27?
Outlook & Strategy

How do things stand for the oil & gas industry in the wake of COP27?

In the aftermath of COP27, many argue that very little progress was made on the phasing out of fossil fuels.

about 3 years ago
shipping BIMCO
Outlook & Strategy

BIMCO’s CII clause says time charterers should bare the brunt of ships’ emissions

BIMCO, the world’s largest international shipping association, has adopted a CII Operations Clause for Time Charter Parties which aims to help the industry implement new carbon intensity requirements from the International Maritime Organization (IMO). The regulations on the carbon intensity of inter

about 3 years ago
Maersk sets sights on green methanol production in Jordan
Outlook & Strategy

Maersk sets sights on green methanol production in Jordan

Danish shipping and logistics giant A.P. Moller – Maersk has signed a memorandum of understanding (MoU) with Jordan’s Ministry of Energy and Mineral Resources for cooperation in the field of green marine fuel production. The MoU was signed on the sidelines of the 2022 United Nations Climate Change C

about 3 years ago
Maritime sector teams up with hydrogen leaders to scale up green hydrogen production
Outlook & Strategy

Maritime sector teams up with hydrogen leaders to scale up green hydrogen production

Shipping organizations and initiatives across the shipping value chain, joined by the largest producers of green hydrogen, today signed on to a joint statement at COP27, committing to the rapid and ambitious production and use of low-carbon fuels based on green hydrogen to accelerate shipping’s deca

about 3 years ago
Illustration/Co-location of offshore wind, wave and offshore solar energy (Courtesy of EU-SCORES)
Outlook & Strategy

In focus: Eye on sustainability at COP27 amidst geopolitical tensions

During the opening of the United Nations Climate Change Conference COP27, currently underway in Egypt, a call to ensure the full implementation of the Paris Agreement echoed once again, as severe geopolitical conflicts and tensions seem to demand actions that are not fully in line with the Paris rul

about 3 years ago