The European Commission (EC) has approved, under the EU Merger Regulation, the creation of a joint venture by Japanese companies INPEX Corporation, Kawasaki Heavy Industries, and Iwatani Corporation that aims to develop a liquefied hydrogen supply chain. On February 22, the EC issued a document stat
The Chugoku Electric Power (EnerGia) and Nippon Gas Line (NGL) have joined the evaluation aiming to establish a carbon capture and storage (CCS) value chain originating from Japan for the CCS project in Malaysia, together with Japan Petroleum Exploration (JAPEX), JGC Holdings Corporation (JGC HD), K
Swiss renewable energy company Axpo has become a shareholder in compatriot H2Uri AG, a company building the first green hydrogen production plant in central Switzerland. The hydrogen produced at this plant will be used to power the first hydrogen passenger vessel operated by Lake Lucerne Navigation
Trade and employer association Danish Shipping has launched a new Environmental, Social and Corporate Governance (ESG) Shipping Network to address the pressing need for collaboration and knowledge sharing within the shipping industry regarding sustainability reporting.
Dutch energy storage systems provider EST-Floattech has received an investment of €4 million from Energy Transition Fund Rotterdam and existing shareholders to advance the electrification of the shipping industry.
Singaporean shipbuilding group Seatrium has secured a turnkey carbon capture and storage (CCS) retrofit contract from Norwegian shipowner Solvang ASA. This pioneering initiative involves the retrofitting of a 7MW Wärtsilä CCS system onto Solvang’s ethylene carrier, the Clipper Eris. The system is ex
Yara Clean Ammonia, North Sea Container Line, and Yara International have partnered with CMB.TECH to place a shipbuilding order for the world’s first ammonia-powered containership, Yara Eyde. CMB.TECH revealed the order on February 14, stating that the 1,400 TEU ice-class containership will be built
Japanese shipping company Mitsui O.S.K. Lines (MOL) has teamed up with Australian energy major Woodside and South Korea’s HD Korea Shipbuilding and Offshore Engineering (HD KSOE) and Hyundai Glovis to study the development of shipping solutions for bulk marine transportation of liquid hydrogen. Wood
Norway-based energy services provider Aker Solutions has been awarded a front-end engineering and design (FEED) contract by Hafslund Oslo Celsio (Celsio) to develop the CO2 terminal for intermediate storage and export to ship at the Port of Oslo.
U.S.-based ammonia power solutions company Amogy has been awarded a feasibility statement by Lloyd’s Register (LR) as the official approval of its technology qualification plan (TQP), marking a new milestone in certifying Amogy’s technology is viable for maritime applications. Amogy’s technology qua
The Lloyd’s Register (LR) Maritime Decarbonization Hub has partnered with Greek shipowners Capital Group, Navios Maritime Partners, Neda Maritime Agency, Star Bulk and Thenamaris to launch Maritime Emissions Reduction Centre (M-ERC) that will focus on optimizing efficiency of the existing fleet.
Finland’s pension insurance company Varma Mutual Pension Insurance Company has agreed to co-invest €15 million alongside OP Finland Infrastructure LP in compatriot shipping company ESL Shipping, a subsidiary of Aspo Plc.
Finnish shipping company Viking Line has signed a Memorandum of Understanding (MoU) with the Ports of Stockholm, and the Port of Turku to create a green maritime corridor between Turku and Stockholm. The goal is for the corridor to be 100% carbon-neutral by 2035. The partnership aims to develop scal
Japanese shipping heavyweight Kawasaki Kisen Kaisha (K Line) has signed bare boat charter and time charter contracts with Northern Lights JV DA for the management of the third CO2 ship. K Line has already signed contracts for managing the first two 7,500 m3 liquefied CO2 ships scheduled for delivery
