Dutch shipbuilder Damen Shipyards Group posted a revenue of €2.5 billion for 2022 for the first time in the company’s history. The shipbuilder said that the achievement was made despite the effects of the war in Ukraine, which had, and continues to have, a significant impact on business operations.
eFuels company HIF Global and energy company Idemitsu Kosan have made a strategic cooperation agreement to accelerate the production of carbon-neutral eFuels. According to the companies’ statement, the cooperation will focus on the purchase of eFuels by Idemitsu from HIF eFuels facilities worldwide,
Inter Terminals Sweden (ITS), part of Inter Terminals, one of the largest independent bulk liquid storage providers in northern Europe, is collaborating with the Port of Gothenburg to introduce methanol bunkering services in the port by the end of 2023. ITS revealed that preparations are ongoing to
In a significant step towards sustainable and decarbonized shipping, China has launched its first-ever hydrogen fuel cell-powered boat. The vessel named ‘Three Gorges Hydrogen Boat No. 1’ was launched on March 17, in Guangdong, China. The vessel was built by Jianglong Shipbuilding Co. Ltd. for Yangt
Northern Lights, a joint venture (JV) of energy majors Shell, Equinor and TotalEnergies developing an open and flexible infrastructure to safely store CO2 from industries across Europe, is making progress with the installation of the first temporary CO2 storage tank. This milestone was announced on
The global maritime industry faces unprecedented challenges due to rapidly changing market conditions and technological advancements driven considerably by the ever-stricter environmental regulations. The current model of maritime transport operations, which relies heavily on traditional practices,
Partnership Terranova Hydrogen NV, comprised of Jan De Nul Group, DEME Group, and Aertssen Group, has joined forces with Luminus and Nippon Gases to build and exploit an installation for the production of green hydrogen on the ‘Zonneberg’ in Zelzate, Belgium. The partnership announced they want to w
Canada’s Hamilton-Oshawa Port Authority (HOPA), an integrated port network, has signed a memorandum of understanding (MoU) with Atura Power, a subsidiary of Ontario Power Generation (OPG), to acquire green hydrogen. HOPA, the largest Port on the Great Lakes operating multi-modal transportation facil
A new report by University Maritime Advisory Services (UMAS), an independent advisory and research consultancy specializing in maritime and ocean-related sustainability issues, sheds light on the pressing need for a significant improvement in energy efficiency in the global shipping industry by 2030
The most effective way of complying with the CII index and having a good rating is to utilize the emerging alternative, low and zero-carbon fuels, John Kokarakis, Vice President of Technology & Business Development Hellenic-BS-ME Zone at Bureau Veritas, said. Kokarakis was speaking at the 6th Annual
US-based company G2 Net-Zero has decided to drop plans to build a 1.3 million tonnes per annum (mtpa) LNG export facility in Louisiana. At the end of March, the company submitted a filing to the US Department of Energy (DOE) requesting to vacate its LNG export authorization to free trade agreement (
Finnish technology company Wärtsilä has been contracted to supply the engines for four new 7999 dwt chemical tankers being built for Swedish fleet owner Erik Thun.
US engineering company KBR has been selected by US green hydrogen producer Avina Clean Hydrogen to provide its K-GreeN® technology for Avina’s green ammonia project in the US. Under the terms of the contract, KBR is expected to provide the process technology license and engineering design for the pr
MacGregor, part of Cargotec, has received a repeat order for comprehensive packages of roll-on/roll-off (RoRo) equipment for a total of five pure car and truck carriers (PCTCs) under construction for the Italian shipping company Grimaldi Group. The vessels with a loading capacity of over 9,000 CEU a
