Insight
Carbon capture prospects look bright – but costly
Growing worldwide interest in fitting carbon capture, utilisation and storage (CCUS) technology at fossil fuel power plants to reduce harmful CO2 emissions could create additional business opportunities for project logistics providers. Such technology is imperative in achieving net-zero targets while using fossil-fuelled power generation methods. While the prospects look good on paper, high costs mean many projects remain on the drawing board
Can the subcontinent deliver on its green promises?
The Indian Subcontinent has begun the process of switching to green energy. This is one project freight market that promises to run and run. However, the task of weaning nearly 2 billion people off traditional power sources is gargantuan, writes Chris Lewis.
France focuses on offshore evolution
The majority of project cargo demand in France stems from the wind energy sector, and there is an increasing focus on standard offshore and floating wind farms, writes Megan Ramsay.
Caribbean poised for a surge in project logistics activity
A green light for oil and gas development in Suriname heralds the next spate of project logistics activity, writes Ian Putzger.
Nuclear power’s growth spurt
The nuclear power generation sector could be a panacea for the world’s energy needs. However, large-scale projects are often highly politicised and are subject to delays and cost overruns. SMR technology has been touted as an alternative, although this too faces public relations and permitting challenges, while development timelines are obscure. Project logisticians and heavy lift service providers remain sanguine on the prospects.
Argentia’s growing role in global energy
From hosting North America’s first wind turbine marshalling yard to preparing for the tow-out of a colossal concrete gravity structure (CGS), the port of Argentia is rapidly transforming into a nexus for renewable energy projects and heavy lift operations. As demand for green hydrogen and sustainable fuels grows, Argentia’s developments signal a bright future for project cargo in Newfoundland and beyond.
Mining houses tap into green energy resources
Miners in Australia are increasingly installing renewable energy sources to cut their net carbon emissions, creating work for heavy lift and multipurpose carriers.
Downstream O&G sector on cusp of transformation
In the words of a recent report published by the World Refining Association: “The downstream energy industry finds itself at the nexus of transformation, propelled by a mosaic of innovations, challenges and aspirations.” For heavy lift and project freight forwarding companies, one resulting challenge is to assess which sectors are likely to offer the best future business opportunities − and when.
Project logisticians and carriers weigh in on the future of CCUS
The carbon capture, utilisation and storage (CCUS) sector is on the radar of many project logisticians and multipurpose carriers. This nascent market is facing headwinds, however, with many CCUS projects deemed too expensive to work on a commercial basis. Still, some firms are pressing ahead, despite technical and financial pressures.
Maritime sector embraces cyber risks to realise rewards
DNV research shows that six in ten marine industry professionals believe that the industry needs to accept greater cyber risk from digitalisation if it facilitates innovation and new technologies. Multipurpose and heavy lift shipping lines are implementing robust security to deal with what is a growing threat.
Federal funds flow to North American ports
Ports on the West and Gulf Coasts of North America are experiencing surging activity. Substantial federal investments are being made to support port infrastructure modernisation and enhance supply chain efficiency.
Port of Albany makes strategic investments to boost heavy handling capabilities
The port of Albany has been investing to upgrade its facilities and position itself as a vital link for heavy lift and project cargoes in northeastern USA. HLPFI spoke with the port’s ceo, Rich Hendrick, on its plan to boost its capabilities further.
