One thing is clear the oil discovered in Madagascar, makes it an ideal fuel for the oceans ships, and should aid the country in its ambitions to be Africa’s Singapore.
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Today, a growing number of cruise operators are upgrading and refurbishing their ships, instead of building new ships. In its annual “Cruise Lines Outlook,” UBS Group Aktiengesellschaft (AG) estimates that by 2020, at least 12 percent of global capacity will be 25 years old or older, and about 5 percent […]
The global market for Floating Production, Storage and Offloading vessels is headed for a major recovery.
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.