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Energy Transition

A trillion-plus investment gap threatens to stall shipping’s energy transition, new report reveals

Without the right moves, the global maritime industry’s decarbonization goals are at stake, a new report shows. The report explores innovative financing concepts to unlock capital for clean fuels, infrastructure and retrofits. The US-based environmental advocacy group Environmental Defense Fund (EDF

about 1 year ago

Energy Transition

With right moves, Kenya to unlock competitive e-fuels production for maritime sector

Owing to abundant wind, solar, and geothermal resources, Kenya is poised to establish competitive production of e-fuels, with the potential to supply domestic and international maritime demand, a new report by the Global Maritime Forum (GMF) highlighted.

about 1 year ago

Energy Transition

Methanol Institute and Saudi Arabia join forces to advance maritime sustainability

Trade association Methanol Institute (MI) and Saudi Arabia’s Transport General Authority (TGA) have signed a memorandum of understanding (MoU) to advance maritime safety and sustainability.

about 1 year ago

Energy Transition

ELIRE Infra and partners secure UK funding for hydrogen floating power hubs to decarbonize ports

ELIRE Infra, part of the UK’s ELIRE Group, and its consortium partners have secured £1 million (around €1.152 million) in UK Government funding to develop hydrogen floating power hubs aimed at decarbonizing port operations and supporting the UK’s transition to net zero.

about 1 year ago

Energy Transition

Global Ethanol Association launches with initial program targeting marine sector

The Global Ethanol Association (GEA) has officially launched as an independent, non-profit international organization headquartered in Switzerland, with its first program targeting the marine fuel sector.

about 1 year ago

Energy Transition

NatPower Marine, Wah Kwong set up JV to build Asian shore power network

NatPower Marine, an independent clean energy enabler for the maritime sector, and Hong Kong-based shipowner Wah Kwong have launched a joint venture (JV) aimed at building and operating a dedicated network of electric shore power across ‘major’ ports in Asia. As disclosed, the joint venture will go u

about 1 year ago

Energy Transition

MoU signed for Singapore-India green and digital shipping corridor

Singapore and India have signed a memorandum of understanding (MoU) to collaborate on establishing the Singapore-India green and digital shipping corridor (GDSC).

about 1 year ago

Energy Transition

Neoliner Origin, ‘world’s first’ commercial sailing RoRo ship, wraps up second sea trials

Neoliner Origin, “the world’s first” commercial sailing roll-on/roll-off (RoRo) vessel being built for French shipping player Neoline at the Turkish RMK Marine shipyard, has completed its second sea trials.

about 1 year ago

Energy Transition

ABS: Advanced battery technologies could support alternative fuels, reduce fuel costs

The latest advances in battery technologies have the potential to not only support direct electrification and the integration of alternative fuels but also offer pathways to enhance operational efficiency and reduce fuel costs, according to the latest analysis from classification society American Bu

about 1 year ago

Energy Transition

Furetank making strides in transition to fossil fuel-free shipping

Furetank has launched a new company for trading emission reductions under the FuelEU Maritime regulation and signed an agreement securing all the biogas required to operate its wholly and partly owned gas-propelled vessels trading in the EU during 2025.

about 1 year ago

Energy Transition

NatPower to build UK’s first battery storage with maritime electrification infrastructure

Renewable energy project developer NatPower has set out to build the UK’s first battery storage facility combined with maritime electrification infrastructure, Teesside GigaPark.

about 1 year ago

Energy Transition

GCMD: Tracer solutions could combat fraud and support large-scale adoption of marine biofuels

Biofuel tracers—physical or digital tools that verify and track the supply chain of this sustainable fuel—can be incorporated into existing supply chain practices without disrupting operations or compromising the quality of biofuels, while fighting the possibility of fraud within this landscape. Thi

about 1 year ago

Energy Transition

New emission monitoring partnership to ‘bolster’ South Korea’s maritime decarbonization drive

The Korea Ocean Business Corporation (KOBC) has joined forces with compatriot greenhouse gas (GHG) emission monitoring service providers Mapsea Corporation and Ecomarine to support domestic shipping companies in complying with environmental regulations. The agreement, announced on August 21, reporte

about 1 year ago

Energy Transition

HD Hyundai, Bill Gates-founded TerraPower advance nuclear supply chain cooperation

Leaders of the South Korean conglomerate HD Hyundai and the US-based nuclear reactor design and development engineering company TerraPower have met to review nuclear supply chain expansion and commercialization progress.

about 1 year ago