Japanese shipping company Mitsui O.S.K. Lines (MOL) and compatriot energy firm JX Nippon Oil & Gas Exploration Corporation (JX) have signed a memorandum of understanding (MoU) to develop a carbon dioxide capture and storage (CCS) value chain between Japan and Australia, including marine transport of
French company Lhyfe has started construction work for its new hydrogen production plant in Brake on the site located on land in the harbor area of Niedersachsen Ports (NPorts), Germany’s largest public seaport operator. The groundbreaking ceremony for the production facility is taking place today,
Startup-corporate partnerships are becoming increasingly important as the maritime sector experiences a greater demand for innovation. At the Offshore Energy Exhibition & Conference 2023, Buccaneer, a company that sources and supports startups and scaleups in the maritime, and PortXL, a B2B maritime
Singapore-based Ocean Network Express (ONE) has been awarded Approval in Principle (AiP) from classification society DNV for an ammonia dual-fueled vessel, marking another milestone for the shipping company on its journey towards net zero by 2050.
Dutch Boskalis has installed a new energy storage system on board its diving support vessel (DSV) BOKA Atlantis as part of the efforts to make its fleet more sustainable. Boskalis reported that a set of powerful batteries was recently installed on board BOKA Atlantis along the quay of the Boskalis S
Norwegian cleantech company TECO 2030, together with thirteen partners from various European countries, has commenced its second EU Horizon project focused on developing, validating, and showcasing a zero-emission passenger ship fueled by hydrogen. The project named Zero Emission Adriatic Ship (ZEAS
Corvus Energy, a supplier of zero-emissions energy solutions or maritime, offshore, and port applications, has secured an investment from Woven Capital, Toyota’s growth fund, to speed up the development of its battery storage and hydrogen fuel cells and expand its geographical footprint. Corvus and
In a pioneering feat of engineering, Northern Lights, a joint venture company of energy giants Shell, Equinor, and TotalEnergies, shared a new milestone in the construction of the company’s liquefied CO2 (LCO2) carriers. Namely, the company’s first two vessels have been installed with custom-built 7
The Netherlands-headquartered N-Sea has chartered a hybrid, fuel-efficient survey and remotely operated vehicle (ROV) support vessel in a push to strengthen its offshore subsea activities. N-Sea Group entered into an agreement with Geo Plus to long-term charter the Dutch-flagged vessel Geo Ranger, w
Belgian owner of marine and industrial applications CMB.TECH plans to add approximately 120 hydrogen and ammonia-powered vessels to its fleet and has five hydrogen infrastructure projects worldwide in the pipeline, Alexander Saverys, the company’s chief executive, revealed in a capital markets day p
Canadian coffee roaster Café William revealed that its first cargo sailboat set sail from the port of Santa Marta in Colombia on December 18, bound for North America.
Green ammonia could be used to fulfil the fuel demands of over 60% of global shipping by targeting just the top ten regional fuel ports, a new study shows.
Provaris Energy is advancing works on its proprietary H2Neo hydrogen carrier and hydrogen cargo containment system and has now engaged classification society DNV to issue a front-end engineering design (FEED) statement. Last summer, Provaris kicked off the program for the construction and testing of
Seaborne trade has witnessed a notable uptick in 2023, registering a 3% increase to a $12.4 billion, according to data from Clarksons Research. The global maritime landscape further unveils a 3% growth in the world fleet, reaching an 2.3 billion deadweight tons (dwt). Despite this expansion, the new
