Global Offshore Wind Prospects to Rebound in 2025
The global offshore wind industry is poised for a rebound in 2025, with capacity additions expected to reach 19GW and sector-wide expenditure projected to hit $80 billion, according to research from Rystad Energy.This recovery follows a slowdown at the end of last year, when new installations dropped to approximately 8GW, which is 2GW lower than the year prior.A record wave of lease auctions is driving the resurgence…
Qatar Gas Tops Regional Shipowner Ranking
Qatar Gas Transport Co is currently the top Gulf Cooperation Council (GCC) company in monetary terms, with a live and on-order fleet value of $11.9 billion, reports Rebecca Galanopoulos of Veson Nautical.Based on VesselsValue data, the fleet consists of 36 live LNG and LPG vessels with a further 30 on order. Qatar Gas also placed the highest value newbuilding order in February 2024 with their investment in 15 large LNG vessels…
Number of LNG-Fuelled Vessels Expected to Double this Decade
According to the latest figures from DNV’s Alternative Fuels Insight (AFI) platform, 34 new orders for alternative-fuelled vessels were placed in February 2025.This was almost entirely accounted for by LNG-fuelled vessels (33), with all orders placed for container vessels. The remaining order was for an ammonia-fuelled general cargo vessel.A total of 45 alternative-fuelled vessels have been ordered in the first two months of this year…
Cold Weather, Strong Prices Drive Most U.S. LNG Exports to Europe
Europe soaked up most U.S. liquefied natural gas (LNG) exports for the second straight month in February, as cold weather and strong prices pushed up demand for the superchilled gas across the Atlantic, according to preliminary data from financial firm LSEG.The U.S. is the world's largest exporter of LNG and continues to play a major role in supplying Europe since Russia's invasion of Ukraine significantly reduced the amount of Russian gas piped to Europe.In February the U.S.
BIO-UV Group advances towards U.S. Navy compliance for BWTS
BIO-UV Group shipped a second BIO-SEA ballast water treatment unit to the United States for trials to assess the technology’s capability for use onboard U.S. Navy vessels.An M series BIO-SEA system will undergo the same testing as the compact BIO-SEA B series unit supplied to BIO-UV Group’s U.S.-based partner, The Columbia Group (TCG). TCG was awarded a contract in 2021 to develop a ruggedized version of the BIO-SEA U.S. Coast Guard-approved UV-based Ballast Water Treatment System (BWTS).
Steelpaint Inks Deal to Refurbish Emden Lock
Emden’s Great Sea Lock (Große Seeschleuse) is to be protected from corrosion with a Steelpaint coating system following a contract award by the Lower Saxony Port Authority (Niedersachsen Ports) as part of a refurbish and renewal project. The lock will remain operational throughout the upgrade, which will take about 10 years to complete.The $105m project will involve constructing new reinforcements to optimize flood defense…
Ocean Shipping Faces Uncertainty as Trade Threats Loom
The global ocean shipping industry that handles 80% of world trade is navigating a sea of unknowns as U.S. President Donald Trump stokes trade and geopolitical tensions with historical foes as well as neighbors and allies.That is the backdrop for this week's S&P Global TPM container shipping and supply chain conference in Long Beach, California, an annual event that marks the start of container shipping…
New Zero Emission Ferries in San Diego Bay
Flagship Cruises & Events, a San Diego-based yacht charter, announced a $15.27m grant from the California Air Resources Board (CARB) to develop two fully electric, zero-emission ferries to serve the San Diego to Coronado route. With advanced battery technology, the vessels will not emit any greenhouse gases during operation and will remove the particulate matter associated with traditional combustion engines.
MOL Becomes Member of International e-Methane Coalition
Mitsui O.S.K. Lines (MOL) has joined the e-NG Coalition, an international alliance that aims to accelerate the development and use of e-methane to accelerate the decarbonization of shipping industry.With the addition of MOL, the total number of participating companies of the e-NG alliance has increased to 20.Through its participation in the alliance, MOL will establish an international supply chain…
Suárez Takes the Helm as MD at Knud E. Hansen
On March 1, 2025, Denmark-based maritime consultancy Knud E. Hansen announced that Javier Suárez succeeds Finn Wollesen Petersen as the company’s Managing Director, part of a planned process that has been taking place over the past months, with Suárez and Petersen working together over the last few months to facilitate a smooth transition. Petersen, who has held the role of Managing Director since 2003…
US DOE Gives All Clear for Use of LNG as Marine Fuel for Vessels
The United States Department of Energy (DOE) has announced an order that removes barriers for the use of liquefied natural gas (LNG) as marine fuel to power vessels.The order issued by DOE modifies a prior order issued to JAX LNG under the previous administration that asserted new oversight for the use of LNG to power marine vessels, also known as LNG bunkering.“Today’s action is a significant step…
