Report Identifies Four Key US Industrial Carbon Capture Clusters
EFI Foundation CEO Ernest J. Moniz has published a new report, supported by carbon capture solutions company Carbon Clean, that describes a new coordinated regional approach in the US with great potential for significant carbon emissions reductions.The report, “A New Industrial Backbone: Exploring U.S. Regional CCUS Hubs for Small-to-Midsize Industrial Emitters” lays out a blueprint that calls for a hub approach to carbon capture.The study identifies four regional hubs in the…
New Blue Sky Report Outlines N. America Roadmap to Net Zero Maritime Transport
The Blue Sky Maritime Coalition (BSMC) has released a new report titled, Roadmap to Net-Zero Emissions: North American Waterborne Transportation, which envisions industry-wide decarbonization by 2050 and identifies the guiding principles and key actions that will help the maritime value chain meet that vision.By understanding what success in 2050 looks like for each stakeholder, the roadmap works backwards to identify the steps and pathways needed to bring that future to reality.
Report Highlights EU Live Animal Transport Issues
A new report provides insights into animal welfare issues during transport within and from the EU.Around 44 million farmed animals a year are transported, including unweaned calves and lambs on journeys from Europe lasting up to three weeks.Inadequate and misleading official records are masking the true horror and scale of the EU’s long-distance trade in farmed animals, say the international NGOs Eurogroup for Animals and Compassion in World Farming, on release of the report.
Equinor’s Economic Boost to Local Industry Increases
A new report shows that deliveries to exploration, operation and modification of Equinor-operated fields and onshore plants in Norway exceeded 93 billion NOK in 2022, an increase of approximately 13% from the previous year.The report was presented at Equinor’s autumn conference by the company’s executive vice president for Exploration and Production Norway (EPN), Kjetil Hove, together with the five trade unions in Equinor: Industri Energi, SAFE, the Norwegian union of managers and executives (Lederne), NITO and Tekna.“Our activities create substantial national and local ripple effects.
Inmarsat: Number of Distress Calls Remains High
Tankers transmitted the most distress calls in 2022, according to Inmarsat’s new report: The Future of Maritime Safety Report 2023.Inmarsat GMDSS data indicates that tanker distress incidents have risen steadily over the past five years from 80 distress calls in 2018, through 134 in 2021 to its highest peak so far in 2022 at 160. However, the cause for this remains unclear. “Whilst the gradual increase could potentially be linked to the overall increase in the global fleet during the same period, it seems likely that other factors are at play,” states the report.
Big Money Needed to Develop US Offshore Wind Ports
Much has been written about potential bottlenecks in store for various parts of the U.S. offshore wind industry, from vessels to monopiles. A new report published by the Business Network for Offshore Wind (BNOW) outlines the need for significant investment in and development of port infrastructure to support the industry in its goal of 30 gigawatts (GW) of offshore wind power by 2030 and 110 GW by 2050.The good news is that more than 35 new offshore wind port projects have gone into development or began commercial operations in the U.S.
Inmarsat Report Identifies Deficiencies in Safety Culture
The 2023 edition of The Future of Maritime Safety Report from Inmarsat Maritime, a Viasat business, reveals that the number of distress calls from ships at sea remains high, despite a continuing decline in vessel losses. The new report, which analyses Global Maritime Distress and Safety System information captured by Inmarsat, registered 853 distress calls from January to December 2022 – up from 794 in 2021.With the number of losses of vessels over 100 gross tonnage (GT) falling by 65% in the last decade…
Report: Five Digitalization Steps that can Drive OSV Fuel Efficiency
A new white paper published by maritime performance management company Opsealog sets out five practical steps that OSV operators can take to secure improvements in fuel efficiency through better data analytics.Existing data that companies are already collecting, for example in mandatory logbooks, can enable significant vessel and fleet efficiency gains, says Opsealog.With case studies drawn from Opsealog’s eight years of experience across the world’s offshore markets, the research highlights how having detailed digital monitoring in place helps owners…
Renewable Production Needed to Make Methanol a Viable Marine Fuel -LR
As technology feasibility continues to grow for methanol as a marine fuel, the main challenges for the industry’s adoption of it are investment and community readiness, according to a new report from Lloyd’s Register (LR).The report, "Fuel for Thought: Methanol", found that technology for methanol usage as a marine fuel is feasible, available and mature in certain cases. Most engine makers will have dual fuel engine models in the near term, and there is significant evidence of interest from shipowners.
Australia’s Marine Economy Grew Through COVID
The economic output of Australia’s marine industry continued to grow despite the effect of the COVID-19 pandemic restrictions on some sectors, a new report released by the Australian Institute of Marine Science (AIMS) shows. The AIMS Index of Marine Industry 2023 is the latest assessment of the contribution of Australia’s marine sector to the national economy, using data from the 2018-19, 2019-20 and 2020-21 financial years. It reveals that Australia’s marine industry had a total output of A$118.5 billion (US$774 million) and supported 462…
Time to Review AI, Says LR
A new report from Lloyd’s Register (LR) and maritime innovation consultancy Thetius advocates investment to improve the understanding of AI at all levels within maritime organisations.With digital solutions presenting challenges due to rapidly evolving technologies, such as AI-driven autonomous systems onboard modern vessels, the report calls for clarity around normal and emergency use cases, pointing to the need for traditional assurance measures to become increasingly integrated.The report…
UMAS Says Energy Efficiency Needs to Improve by 40%
A new report by maritime advisory service UMAS has put figures on the energy efficiency improvements that are needed for international shipping if it is to meet the IPCC-derived 1.5ºC decarbonization pathway.This magnitude of GHG reduction, 37% in 2030 and 96% in 2040 on a 2008 baseline, has also been championed by some states as the targets that IMO should use in its revised GHG reduction strategy – due for adoption at MEPC 80 in July this year.UMAS states that, irrespective of how new fuels enter the global fleet…
US Container Imports Retreat to Pre-pandemic Level
U.S. imports of goods in ocean shipping containers in December fell to levels approaching those last seen before the COVID-19 pandemic, a new report said on Tuesday.Demand for kitchen appliances, furniture, big-screen TVs, apparel and other retail goods softened late last year as record inflation bit into disposable income and consumers shifted spending back to travel and other previously restricted activities.December 2022 U.S. container import volume topped 1.9 million 20-foot equivalent units (TEUs), according to Descartes Systems Group.
$3 Billion Forecast to be Invested in New Anchor Handlers to Meet Floating Wind Demand
Floating wind is an emerging technology. Currently being tested in small scale demonstration and pilot projects, global floating wind commissioned capacity at the end of 2022 was less than 200 megawatts (MW). By 2030, close to 11 gigawatts (GW) of commercial scale wind farms are planned to be commissioned in Europe and the Asia Pacific Region. Then, 2030-2035 will see a period a high commissioning activity as the U.S. joins established European and Asia Pacific markets. Floating installed capacity is forecast to reach 63 GW by 2035.
Poland and the Baltics Eye Growth in Offshore Wind
Poland and the three Baltic countries, Estonia, Latvia and Lithuania, present a significant opportunity to expand offshore wind generation beyond the Baltic waters of Denmark, Germany and Sweden. Driven by the need to decarbonize energy supply and increase energy security, Poland and the Baltics can be seen as both a single opportunity for the supply chain to support the deployment of at least 28 GW of offshore wind by 2035 and also as individual country opportunities. Intelatus…
FureBear Orders Svanehøj Electric Cargo Pumps for Seven Tankers
Denmark-based marine pump maker Svanehøj said Wednesday it had secured an order to deliver electric cargo pumps for seven LNG-/LBG-fueled chemical & product tankers. The client is the joint venture-company FureBear.Swedish Furetank AB and Canadian Algoma Central Corporation have entered into a joint venture agreement to construct eight LNG/LBG-fueled ice class 1A chemical & product tankers (17,999 DTW) to trade in Northern Europe.The joint-venture company, FureBear, is now placing a significant order with the pump specialist Svanehøj…
Intelatus: Almost 30,000 Offshore Wind Turbines to Be Installed by 2035
Over the last few years, many statements have been made concerning growth in offshore wind turbine and foundation installation demand. These statements have been followed, in some cases, by firm orders for high-specification vessels, mainly from established players. However, many of the announcements remain unconverted into shipyard orders.According to a new report released by Intelatus Global Partners, close to 30,000 increasingly large turbines and foundations will be installed…
New Report Tracks the Maritime Industry's Progress to Net Zero
A new report from the Global Maritime Forum, prepared on behalf of the Getting to Zero Coalition, assesses progress toward the development of Green Shipping Corridors - maritime routes between major port hubs where zero-emission solutions are supported and demonstrated – and finds that activity during 2022 exceeded expectations. However as maritime Green Shipping Corridors progress toward implementation, some key industry stakeholders, especially cargo owners and fuel producers, will need to be engaged as soon as possible.
USCG Needs to Do More to Improve Fishing Vessel Safety - GAO
The U.S. Coast Guard must do more to improve safety in the extremely dangerous commercial fishing industry, according to a new report from watchdog agency the U.S. Government Accountability Office (GAO).Commercial fishing has one of the highest industry death rates in the U.S., according to the U.S. Bureau of Labor Statistics. Since fiscal year 2011, multiple commercial fishing vessel safety requirements have been enacted. As the principal federal agency for ensuring marine safety, the U.S.
Great Lakes-Seaway Cargo Rose 7% in 2021
Great Lakes-St. Lawrence Seaway ships carried an estimated 149 million metric tons of cargo to and from domestic ports, and to overseas markets during the 2021 shipping season — an increase of 7% over pandemic-stricken 2020, a new report from the Chamber of Marine Commerce shows.“This report paints a clear picture that the bi-national Great Lakes-St. Lawrence Seaway System supported the economic recovery and growth of many of our key industries in both Canada and the U.S. The…
Snarled-up Ports Point to Worsening Global Supply Chain Woes
Global supply chain problems look to set to worsen, a new report published on Tuesday said, as China's COVID-19 lockdowns, Russia's invasion of Ukraine, and other strains cause even longer delays at ports and drive up costs.The study by analysts at Royal Bank of Canada (RBC) found that one-fifth of the global container ship fleet was currently stuck in congestion at various major ports.In China, ships awaiting berth at the Port of Shanghai now tally 344, a 34% increase over the past month…
Floating Power Plants: Is Nuclear the Key in the Net-zero Energy Transition?
Floating nuclear power plants (FNPPs) may not immediately spring to mind as providing a solution to several of today’s key global challenges – but FNPP development is emerging as a means of decentralized stand-alone production of cost competitive hydrogen-based fuels and clean electricity and water, according to a new report by Intelatus Global Partners.The commercial case for deployment of FNPPs featuring small modular reactors is founded in the growing demand for hydrogen and…
VIDEO: "Things are about to change in a big way" for U.S. Offshore Wind
In a recent interview with Maritime Reporter TV, Philip Lewis, Director of Research, Intelatus Global Partners, breaks down the U.S. Offshore Wind market 'By the Numbers.'Let's look at the world . There's around 75GW of offshore wind farms, either operational or being built in the world today. By comparison, the U.S. currently has 42MW of operational offshore wind farms, and there's one wind farm for 800MW that's finally under construction. But things are, in our view, really about to change in quite a big way.One more wind farm will start construction work this quarter…