The global market for Floating Production, Storage and Offloading vessels is headed for a major recovery.
This page lists some of the work in a range of formats completed for various clients in the past month.
There are a number of interrelated drivers behind the worldwide demand for crude.
“Now its game over. How many one-offs do we still have as China’s demand is lagging?” asks Huber.
In sum, the electrification of maritime vessels is at the infant industry stage. Because of the current limitations of battery technology, all- electric vessels are limited to short journeys between recharge points. So for operators of long distance voyages, the medium-term future is hybrid where batteries work with fossil fuels. But to reach net zero emissions in thirty years’ time, electrification could well be the answer and this requires further advances in technology.