The Poseidon Principles have updated their global framework for assessing and reporting financial institutions’ shipping portfolios’ alignment with climate goals to the IMO’s revised GHG strategy adopted in July 2023. Pioneered in 2019 by Citi, Societe Generale, and DNB with the support of the Globa
Despite the growing opposition to fossil fuels, natural gas, primarily LNG, is still the top contender for the transition fuel, which will bridge the gap towards the sought-after low-carbon and green energy future.
Mitsubishi Shipbuilding, a Mitsubishi Heavy Industries (MHI) Group company based in Yokohama, Japan, has delivered a liquefied natural gas (LNG) fuel gas supply system (FGSS) for high-pressure dual-fuel marine engine to Shin Kurushima Dockyard. According to MHI, the FGSS features an optimized cargo
Four energy and chemical companies have joined forces to work on the development of a large-scale low-carbon ammonia production and export project on the Houston Ship Channel, the second-largest petrochemical corridor in the world. Namely, INPEX Corporation, Air Liquide, LSB Industries, and Vopak Mo
Lloyd’s Register (LR), Cargill International, Minerva Dry Inc. and Nantong COSCO KHI Ship Engineering Co Ltd (NACKS) have joined forces on the design of a Kamsarmax bulk carrier with methanol and rotor sail capability.
Everfuel, a Denmark-based green hydrogen company, and Hy24, managing the world’s largest clean hydrogen infrastructure fund, have completed the transaction establishing the joint venture (JV) to begin financing the development of electrolyzer capacity across the Nordics. The parties announced the cr
German company thyssenkrupp and Norwegian maritime group Wilhelmsen have founded a joint venture, Pelagus 3D, which will offer spare parts for the maritime industry worldwide via a digital platform and 3D printing.
Subsea7, SLB and Aker Solutions have closed the previously announced joint venture which will operate under the OneSubsea name. OneSubsea now comprises SLB’s and Aker Solutions’ subsea businesses, which include complementary subsea production and processing technology portfolio, manufacturing scale
Aberdeen-based energy infrastructure company Kellas Midstream has started front-end engineering design (FEED) work on its H2NorthEast hydrogen project in Teesside. H2NorthEast is strategically located at the CATS (Central Area Transmission System) gas terminal on Teesside, an area committed to becom
Caterpillar Marine has entered into a memorandum of understanding with Singapore-headquartered Strategic Marine to support new solutions for emissions-reduction goals.
Alma Clean Power, Odfjell and DNV have decided to test a solid oxide fuel cell (SOFC) system onboard a chemical tanker.
China Petroleum Circulation Association (CPCA) and the China Entry-Exit Inspection and Quarantine Association (CIQA) have officially released China’s first group standards for methanol refuelling operations and quality control. The standards, ‘Marine Methanol Fuel Waterborne Refuelling Regulations’
Hutchison Ports YANTIAN hosted a ceremony on Thursday, September 28, for the inaugural green marine shipment for ZTE Corporation. The cargo, transported via rail from Changsha, Hunan province, has now been loaded onto Hapag-Lloyd’s 24,000-TEU dual-fuel vessel Berlin Express en route to the Port of R
Crown Estate Scotland and the Crown Estate have forged a partnership to collect and share data that will provide a more comprehensive and integrated understanding of the UK’s seabed. The new arrangement is said to benefit its many users, the natural environment, and expedite the sustainable deployme
