Global Scans · Marine · Weekly Summary

• [New] Fastest-growing Application: The offshore segment is forecasted to grow the fastest through 2033, owing to expanding renewable energy projects, port development, and demand for specialized marine foundation solutions. Persistence Market Research
• [New] The maritime industry is gradually moving toward the International Hydrographic Organization's S-100 Universal Hydrographic Data Model, creating significant opportunities for marine navigation system providers. Persistence Market Research
• [New] A growing number of whale deaths along the West Coast has conservationists warning that 2026 could become one of the deadliest years on record for the marine mammals. ABC7 Los Angeles
• Globally, the IEA predicts that by 2050 over 300 GW of marine energy capacity will be installed - resulting in $35 billion of investment, 680,000 direct jobs, and a reduction of 500 million tons of CO2 per year. National Hydropower Association
• A number of US companies will be deploying their next generation marine energy systems in US waters over the next 12-18 months, dramatically lowering the delivered cost of electricity and in many cases, providing the lowest cost electricity solution for their customers. National Hydropower Association
• Demonstration projects and research supported by the U.S. Department of Energy confirm that marine energy technologies offer meaningful benefits to the electric system - and open significant opportunities for off-grid and mission-critical applications. National Hydropower Association
• By the end of 2029, the Humboldt Bay Harbour, Recreation & Conservation District plans to complete Phase 1 of the proposed Humboldt offshore wind heavy lift marine terminal project. North Coast Offshore
• A collapse in ecosystem services such as wild pollination, provision of food from marine fisheries and timber from native forests could result in a decline in global GDP of $2.7 trillion in 2030 (Johnson et al, 2021). Bruegel | The Brussels-based economic think tank
• The cost of marine insurance in the Black Sea increased 204-fold in the second quarter of 2026, while the loss ratio for reinsurance covering drone-attack risks reached 2800%. Ukraine's Arms Monitor
• 2026's El Nino is expected to prolong an already existing marine heat wave - currently in effect for reasons unrelated to El Nino - off the Southern California coast. Los Angeles Times
• The Middle East and Africa region is expected to maintain its strategic importance for high-end yacht logistics over the next few years due to the ongoing development of luxury marine destinations, with the United Arab Emirates and South Africa serving as primary hubs. Market Data Forecast
• Under the Economic Transition Scenario, the combined impact of fleet electrification and fuel efficiency improvements avoids 25.8m b/d of road fuel demand by 2040, four times larger than the oil displacement across aviation, marine and petrochemicals sectors combined. BloombergNEF
• Executive Director of ABC, even limited adoption in U.S. ports could create substantial new demand for biogas and support additional domestic AD development, with further upside as international marine fuel decarbonization accelerates. Biocycle
• In late 2025, Norsepower secured its first VLCC contract with Japan's Idemitsu Tanker group, which will install two 35-metre-tall rotor sails on each of two VLCCs to be built by Japan Marine and Nihon Shipyard for delivery in 2028. RNG Strategy Consulting
• Marine reinsurance markets may be challenged in 2027 by an increase in the total loss reserve for the 2024 Baltimore bridge collapse from $1.5 billion to $2.8 billion, which will largely be borne by the reinsurance and retrocession markets. Business Insurance
• US-based private marine technology and deep-sea mining company Impossible Metals has announced its plans to open a new Advanced Marine Robotics Hub, in Pittsburgh, which will serve as a center to build the next generation of American mineral robotics technology. Mining Weekly
• As a low-lying island nation, Palau faces risks from climate change, including coastal erosion, extreme weather and pressure on marine ecosystems. The Fintech Times
• Researchers will collect data from waters around Alaska and the Chukchi and Beaufort seas, deploying autonomous observation equipment and carrying out studies on changing sea ice conditions, marine ecosystems, and the impacts of climate change. gCaptain
• The MPA Legal Coalition, comprising 11 organizations, will push the European Commission to take action against several member states that are failing to comply with their legal obligations to protect marine ecosystems, and will support legal action at the national level. Positive News
• Expanding refinery conversion projects, record investments in HEFA (Hydroprocessed Esters and Fatty Acids) technology, and growing corporate net-zero pledges from logistics, aviation, and marine sectors are collectively reinforcing robust demand across all major geographies through 2033. Persistence Market Research

Last updated: 02 August 2026