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High level of interest in zero-emission fuels to put Spain on green shipping corridors map
Business Developments & Projects

High level of interest in zero-emission fuels to put Spain on green shipping corridors map

With high levels of interest and varying degrees of activity around zero-emission fuels as well as favourable conditions for the potential bunkering of hydrogen-based zero-emission fuels across its major ports, Spain is well positioned to develop green shipping corridors to Europe and beyond, accord

about 3 years ago
ZIM names new LNG-powered 15,000 TEU containership duo
Business Developments & Projects

ZIM names new LNG-powered 15,000 TEU containership duo

Israel-based shipowner ZIM Integrated Shipping Services has held a naming ceremony for new 15,000 TEU containership duo which is powered by liquified natural gas (LNG).

about 3 years ago
ports
Business & Finance

Denmark inaugurates first shore power facility with AIDAmar in Aarhus

Port of Aarhus, Denmark’s largest commercial port, opened its first shore power facility for cruise ships on June 20, 2023 enabling the vessels to keep their engines running on electricity while docked in the port and thus cut their emissions. The Port of Aarhus is one of Denmark’s largest cruise de

about 3 years ago
Hartshead Resources
Business & Finance

‘Major milestone’ tucked away with submission of development plan for UK North Sea gas project

Hartshead Resources and Viaro’s RockRose Energy have handed a field development plan (FDP) for Phase I gas project in the UK North Sea.

about 3 years ago
Wallenius Wilhelmsen
Business Developments & Projects

Wallenius Wilhelmsen turns to ExxonMobil for biofuel supply

Oslo-listed shipping company Wallenius Wilhelmsen has signed its first biofuel contract with the U.S. energy major ExxonMobil as a step towards reducing emissions and promoting eco-friendly practices. Under the contract, ExxonMobil will deliver sustainable biofuel within the second half of this year

about 3 years ago
EBRD launches green maritime program in Türkiye
Authorities & Government

EBRD launches green maritime program in Türkiye

The European Bank for Reconstruction and Development (EBRD) has launched a program to modernise the maritime sector in Türkiye, facilitating green investments and climate mitigation technologies that aim to accelerate the country’s shift to a low-carbon economy.

about 3 years ago
XL uncrewed underwater vehicle set for technology demonstrations
Business & Finance

XL uncrewed underwater vehicle set for technology demonstrations

Canadian Cellula Robotics and UK-based HonuWorx are collaborating to carry out a series of technology demonstrations that will use an extra-large uncrewed underwater vehicle (XLUUV). The demonstrations will see Cellula’s Solus-XR extra-large uncrewed underwater vehicle (XLUUV) used in showcasing Hon

about 3 years ago
Maersk
Business Developments & Projects

Industry’s first: Maersk ready to convert existing containership to methanol dual-fuel engine next year

Denmark-based shipping giant A.P. Moller – Maersk (Maersk) is ready to make pioneering moves in the shipping industry with the retrofit of an existing container ship to a dual-fuel methanol-powered vessel scheduled for 2024. The company revealed that the first engine retrofit in the industry is to b

about 3 years ago
Japan: First trial of low-carbon LBM derived from biomass completed
Business Developments & Projects

Japan: First trial of low-carbon LBM derived from biomass completed

Seven Japanese companies have completed the trial using liquefied bio-methane (LBM) derived from cattle manure as a marine fuel on the domestic liquefied natural gas (LNG) fueled vessel Ise Mirai in Ise Bay.

about 3 years ago
Illustration; Source: SBM Offshore
Business & Finance

SBM Offshore wraps up $1.62 billion financing with 12 banks for Brazil-bound FPSO

SBM Offshore has completed the project financing of an FPSO, which is destined to work for Petrobras offshore Brazil.

about 3 years ago
Illustration; Source: Woodside
Business & Finance

Woodside sanctions $7.2 billion deepwater oil project

Woodside has made a final investment decision to develop a deepwater oil project in the Perdido basin in the Gulf of Mexico.

about 3 years ago
Algoterra
Business & Finance

Algoma orders methanol-ready product tanker duo at Hyundai Mipo

Canadian shipping company Algoma Central Corporation (Algoma) has placed an order for two methanol-ready 37,000 dwt product tankers with Hyundai Mipo Shipyard in South Korea. The investment is worth $127 million CAD ($96 million). The new ships will be entered on long-term time charters to Irving Oi

about 3 years ago
Finland’s energy companies unite to develop industrial hydrogen valley
Business Developments & Projects

Finland’s energy companies unite to develop industrial hydrogen valley

Neste Corporation, Gasgrid Finland, Helen and Vantaa Energy have joined forces and started preliminary studies on the development of an industrial hydrogen valley in the Uusimaa region in Finland. Neste said the industrial hydrogen valley would combine infrastructure, storage and transmission of ren

about 3 years ago
J. Lauritzen methanol-fuelled bulker
Business & Finance

J. Lauritzen, Cargill add third methanol-fuelled Kamsarmax to their tally at Tsuneishi

Danish investment company J. Lauritzen is expanding its partnership with Swiss freight trader Cargill by adding a third methanol dual-fuel 81,200 dwt Kamsarmax bulk carrier to their existing order of two vessels. The vessels are capable of trading with zero carbon emissions when powered by green met

about 3 years ago
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