A coalition of industry leaders, environmental advocates, and policymakers have called for the inclusion of Carbon Capture and Utilisation (CCU) and Carbon Capture and Storage (CCS) technologies in the European Union’s Net Zero Industry Act (NZIA) as strategic net-zero technologies. The joint statem
Bermuda-based bulk carrier company Himalaya Shipping has signed time charter agreements for two of its LNG dual-fuel vessels currently under construction at New Times Shipyard in China. According to the company, the vessels will commence a two-year time charter with “an evergreen structure” upon del
On the sidelines of the MENA Climate Week in Riyadh, India and Saudi Arabia have signed a memorandum of understanding (MoU) in the fields of electrical interconnections, green/clean hydrogen and supply chains. Specifically, the MoU aims to establish a general framework for cooperation between the tw
The latest agreement between Belgian shipping major CMB and its Norwegian counterpart Frontline signals a new chapter for tanker owner Euronav, one that holds the promise of resolving long-standing disputes and steering the company toward a more diversified and sustainable future. Specifically, CMB
The first in a new series of twelve new green methanol-powered containerships ordered by Danish shipping giant A.P. Moller Maersk has been launched at South Korea’s shipyard Hyundai Heavy Industries (HHI).
Israel-based company Electriq Global has received a €1.1 million grant from the Netherlands Enterprise Agency (RVO) for its proposed hydrogen powder manufacturing plant to be located in the Port of Amsterdam. Scheduled to begin operation in 2026, the hydrogen powder manufacturing plant is slated to
Greg Ebel, President and CEO of Canadian pipeline and energy company Enbridge, has urged Canada to show leadership to the world in lowering global emissions, reducing energy poverty and supporting the progress of Indigenous communities in the country. In an address to the Toronto Region Board of Tra
Monaco-based dry bulk shipping company Safe Bulkers has entered into contracts for the acquisition of two dual-fuel newbuild Kamsarmax class dry-bulk vessels as part of its fleet renewal strategy. The two 81,200 dwt vessels which are capable of running on methanol and fuel will be acquired at attrac
Safetytech Accelerator, a non-profit established by Lloyd’s Register, in collaboration with CoolCo, MOL and Shell International Trading and Shipping Company Limited, has chosen Green Instruments and Everimpact as the first two technology providers to be evaluated by the flagship Methane Abatement in
With the world adapting to emerging sources of supply and decarbonization technologies, the discussion about which fuel is the top contender for the successful energy transition continues. Despite the growing opposition to fossil fuels, some consider natural gas, primarily LNG, as the leading transi
The development of molten salt reactor technology for maritime use has taken a huge step forward with the successful start of pumped-salt operations at a dedicated facility in the US. Specifically, Southern Company, TerraPower and CORE POWER have kick-started pumped-salt operations in the Integrated
Gate terminal, a joint venture of Dutch gas operators Vopak and Gasunie, has selected Sacyr Engineering and Infrastructure to deliver the owner engineering services for the fourth LNG storage tank in the port of Rotterdam. The contract was awarded to Sacyr’s engineering subsidiary Sacyr Proyecta as
Classification society DNV presented Hanwha Ocean, the South Korean shipbuilder formerly known as DSME, with an Approval in Principle (AiP) for a 270,000cbm LNG carrier. The new 345m long LNG carrier by Hanwha Ocean was heralded as a “ground-breaking achievement” by Vidar Dolonen, Regional Manager,
South Korea’s shipping major H-Line Shipping and steel giant POSCO have joined hands with compatriot refiner GS Caltex to champion carbon reduction in the maritime realm by using marine biofuel. The three companies inked a Memorandum of Understanding (MoU) on October 5, 2023 in Seoul, signaling the
