“Between January and November 2025, the capacity of bulker newbuilding contracting has fallen 54% y/y to 25m DWT, reaching its lowest level since 2020. Consequently, the dry bulk orderbook is now 4% smaller than a year ago, accounting for 11% of the dry bulk fleet. Contracting has likely eased due to a cloudy market outlook,” says …
Bulker newbuilding contracting drops 54% to five-year low Read More »
At a high level, ammonia seems like a dream fuel: It’s carbon-free, energy-dense, and easier to move and store than hydrogen. Ammonia is also already manufactured and transported at scale, meaning it could transform energy systems using existing infrastructure. But burning ammonia creates dangerous nitrous oxides, and splitting ammonia molecules to create hydrogen fuel typically …
Unlocking ammonia as a fuel source for heavy industry Read More »
C5 assessments have climbed back to the peak levels last seen in 4Q23, the highest in nearly a year. The momentum from October carried straight into November. Even with the Australian cyclone season beginning in November and running through April, and with no cyclone disruptions so far, sentiment remained firm. Chinese demand remains a key …
Tanker operators focusing on sanctioned trades have continued to acquire aged ships in secondhand markets this year to renew their fleets while sending some of their oldest ships to scrapyards, according to several tanker analysts, industry participants and ship tracking data. In recent years, Russia, Iran and Venezuela have partnered with little-known operators to assemble …
Shadow tanker operators buy old ships, scrap older for fleet renewal Read More »
Japan’s maritime transport player, Kawasaki Kisen Kaisha (K Line), has confirmed a naming ceremony for two liquefied natural gas (LNG) carriers at HD Hyundai Heavy Industries’ shipbuilding facility. The post Vessel pair destined to be part of QatarEnergy’s LNG fleet gets naming ceremony out of the way appeared first on Offshore Energy.
As investment needs are anticipated to hover around €1.5 trillion by 2040, the European Commission (EC) has adopted a new list of 235 cross-border energy projects, granting them the status of projects of common interest (PCIs) and projects of mutual interest (PMIs). The post EU endorses 235 cross-border energy projects to scale up electricity, hydrogen, …
Three players in the offshore energy and maritime spheres – Höegh Evi, Aker BP, and Ports of Stockholm – have joined forces to bring to life a CO2 logistics hub and enable an efficient and sustainable transport chain for carbon dioxide from industrial emitters in eastern Sweden. The post Trio pools resources to forge CO2 logistics …
Trio pools resources to forge CO2 logistics hub for carbon dioxide transport chain Read More »
The American Bureau of Shipping (ABS), a classification society, has bestowed an approval in principle (AiP) to Finland’s marine engineering player Deltamarin and China Merchants Heavy Industry (CMHI) for a new versatile floating production, storage, and offloading (FPSO) hull design. The post FPSO hull design obtains ABS’ seal of approval appeared first on Offshore Energy.
Vår Energi, an independent upstream oil and gas company on the Norwegian Continental Shelf (NCS), has made a new oil discovery off the coast of Norway, with a semi-submersible rig owned by COSL Drilling Europe. The post Fresh oil discovery in Barents Sea comes to light appeared first on Offshore Energy.
Con esta nueva aportación, España consolida su liderazgo internacional en la promoción de puertos pesqueros sostenibles y en el avance de políticas alineadas con los principios de la economía azul El Consejo de Ministros ha autorizado al Ministerio de Agricultura, Pesca y Alimentación a realizar una nueva contribución económica de 114.080 euros para apoyar el …
