The majority of the newbuilding tonnage ordered in 2022 was alternatively fuelled, according to the data from Clarksons Research. Insights from the shipbroker show that 61% of tonnage ordered last year (35% by number) was alternatively fuelled. Overall, 83.4 million dwt was ordered across vessel sec
So far, global net-zero ambitions have not been supported with an actual plan beyond setting expectations by a certain date and the world cannot solve its environmental and climate change problem without being realistic about the solution, according to Saad Sherida Al-Kaabi, the Minister of State fo
The UK and UAE have signed a Memorandum of Understanding (MoU) expected to help facilitate the sharing of technical knowledge, advice, skills, and expertise, opening up new avenues for cooperation on energy and climate, while boosting jobs and investment in the UK. UK Business and Energy Secretary G
The first of Japan’s two LNG-fueled ferries, the Sunflower Kurenai, owned by Japanese shipping major MOL and operated by its group company Ferry Sunflower Co., has officially entered into service. The ferry launched operation on January 13 between the Osaka-Beppu route, linking Sunflower Ferry Termi
Abu Dhabi-based clean energy company Masdar and four Dutch companies have signed a memorandum of understanding (MoU) to explore the development of a green hydrogen supply chain between Abu Dhabi and Amsterdam. The MoU was signed by the representatives of Masdar, Port of Amsterdam, SkyNRG, Evos Amste
It is just the second week of the new year ahead of us, however, European authorities and industry are not wasting any time on acting upon carbon reduction efforts. This week saw the European Union launch a number of initiatives, making us wonder whether 2023 will be the year of big changes.
Swiss freight trader Cargill has placed an order for two methanol-fuelled bulk carriers in Japan. Namely, the company has teamed up with Mitsu & Co, and ordered a Kamsarmax duo from Japanese shipbuilder Tsuinesihi Shipbuilding. The order was reportedly signed last month and the ships are scheduled f
While low-carbon investments overtook oil & gas spending for the first time in 2022, this growth is expected to slow in 2023, says Rystad.
The Scottish and UK governments have awarded the Green Freeport status to Inverness and Cromarty Firth Green Freeport and Forth Green Freeport in Scotland. The ports, Scotland’s first Green Freeports, will receive up to GBP 52 million in start-up funding and will benefit from tax reliefs and other i
Stolthaven Terminals and Taiwanese Revivegen Environmental Technology Co. LTD launched their joint venture on Thursday at a ceremony with Taiwan Cooperative Bank in Kaohsiung. The duo teamed up in 2021 with the intention to build a new greenfield terminal in Kaohsiung Port, Taiwan. The JV has been n
French LNG containment specialist GTT has received new orders from its partners, the Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) and the Chinese shipyard Hudong-Zhonghua Shipbuilding, for the tank design of new liquified natural gas carriers (LNGCs). In the fourth quarter of 2022
A London court has ruled that the UK government’s funding of up to $1.15 billion of financing for the Mozambique LNG project led by French energy major TotalEnergies is lawful. According to reports by Reuters, the decision by London’s Court of Appeal was made on Friday, 13 January, dismissing an app
The construction of MSC’s 16,000 TEU ultra-large containerships in China is ramping up with the second boxship hitting the water in the first two weeks of this year. Namely, Chinese shipbuilder Guangzhou Shipbuilding International (GSI) has launched a 16,000 TEU ULCVs named MSC Noa Ariela. The vesse
US Department of Energy (DOE) has encouraged the Appalachian Regional Clean Hydrogen Hub (ARCH2) to submit a full application for the regional clean hydrogen hub Funding Opportunity Announcement (FOA) as designated in the bipartisan Infrastructure Investment and Jobs Act. ARCH2 said its goal is to l
