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Q&A with Heike Truol
The Board is committed to employees having the opportunity for their views to be heard.
Is the tide turning for ammonia freight rates?
Heading towards the end of 2022, high natural gas prices had forced ammonia production cutbacks and the Ukraine conflict was further exacerbating supply. As a result, prices were driven to all-time highs. However, since entering 2023, we’ve seen European natural gas prices drop below last year’s average. In this article, we examine what this means for ammonia freight rates going forward.
US$20bn of spend is needed to build 200 new vessels
Countries around the world have set ambitious targets around Wind energy production for 2030. But with Wind booming and Oil & Gas back in a big way – does the industry have the Offshore wind vessels required to keep pace with demand?
The opportunities of multi-contracting but the challenges it presents
We have recently seen a number of US developers making the decision to proactively pursue a multi-contracting route. This strategy has been driven by a desire for better visibility on both risk and costs than that offered by the more traditional option of single sourcing Engineering, Procurement, Construction and Installation (EPCI), which results in paying a premium for others to take on most of a project’s risk.
Offshore carbon storage: Europe leads the way, but will Asia soon catch up?
While Europe is currently the front-runner in terms of offshore carbon storage, significant developments in other parts of the globe could potentially change this in coming years. In this article, we compare offshore carbon storage developments across Europe with those occurring in Asia Pacific.
Clarkson Port Services acquires offshore renewable energy service provider, DHSS
The acquisition of DHSS will provide a step change in Clarkson Port Services offering, delivering significant added value to existing clients and presenting enhanced growth opportunities through the ability to tender for larger offshore renewables contracts internationally.
Clarksons ramps up investment in US wind team
Global Offshore specialist Clarksons Offshore & Renewables is bolstering its presence in the US wind market in a bid to attract more investment in the development of offshore wind vessels in the US market and support the expansion of the offshore wind market.
First official UK carbon storage application round closes
To date, only six CO₂ storage sites in the UK have had licences granted, however none of them are currently being used for storage. Given the exponential growth in the number of companies looking to enter the CCS sector, storage is becoming increasingly important, and this heightened demand has triggered growing momentum to not only use existing sites, but also create additional new areas.
Offshore Wind Newbuilds has an exciting road head....
In this article, Vegard Vollsæter, Divisional Director | Newbuilding, shares an overview of Offshore Wind Newbuilds and a look ahead to 2023 and beyond.
Ammonia and the cuckoo in the nest
At first glance, it appears that ammonia should be enjoying its moment in the spotlight: new production projects are being announced on a regular basis and there is continued strong demand as well as high prices. Plus, the shift towards cleaner production techniques and ‘greener ammonia’ is well underway. Indeed, it is widely acknowledged that ammonia holds a potentially significant position in the drive towards decarbonisation.
In our 2022 review, we profile another remarkable year for the shipping industry, with a record breaking ClarkSea Index (up 30% y-o-y) and a maritime sector again managing wide ranging disruption from global events including the onset of the Ukraine conflict, continued impacts from the pandemic, a slowing world economy and divergent trends across the shipping sectors.