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Energy Transition

Port of Virginia enters 2024 as the first US East Coast port powered by 100% clean energy

The Port of Virginia has become the first US East Coast port powered by 100 percent clean energy, achieving its clean energy goal eight years ahead of schedule.

about 2 years ago

Energy Transition

MOL pens charter contract with Yara for ammonia carrier

Japanese shipping company Mitsui O.S.K. Lines, Ltd. (MOL) has signed a time charter contract for the ammonia carrier Green Pioneer with Yara Clean Ammonia Switzerland, a group company of Yara International ASA, the world’s largest nitrogen fertilizer manufacturer. The 2010-built vessel was delivered

about 2 years ago

Energy Transition

2023 in review: A transformative year for shipping and maritime

In the maritime realm, 2023 has been a year marked by transformative projects and announcements, on both the regulatory side, ship designing, and shipbuilding front as well as demand signals for the production of alternative fuels. Amidst geopolitical turbulences in the Middle East, the ongoing conf

about 2 years ago

Energy Transition

Japanese majors press ahead with plans to start large-scale LCO2 transport in 2028

Japanese shipbuilders Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group and Nihon Shipyard, a joint venture between Imabari Shipbuilding Co, and Japan Marine United Corporation, have signed a Memorandum of Understanding (MOU) with compatriot Mitsui & Co. and Mitsubishi Corpo

about 2 years ago

Energy Transition

UMAS: Early movers are vital in setting up a zero-emissions shipping market

There will be a range of costs expected from switching to zero-emission containerships in deep-sea and coastal routes, a recent report from UMAS finds.

about 2 years ago

Energy Transition

SHI secures deal for two ammonia carriers

South Korean shipbuilding major Samsung Heavy Industries (SHI) has won a 310.8 billion won ($240 million) contract to construct two very large ammonia and liquefied petroleum gas (LPG) carriers for a shipping company based in Oceania. The agreement mandates Samsung Heavy to complete and deliver the

about 2 years ago

Energy Transition

Amogy joins forces with Mitsubishi for adoption of ammonia cracking tech in Japan and South Korea

The US-based ammonia power solutions company Amogy and Japan’s Mitsubishi Corporation have teamed up to accelerate the adoption of Amogy’s ammonia-to-power and ammonia cracking technology in large-scale hydrogen carrier applications in East Asia, particularly Japan and South Korea. In collaboration

about 2 years ago

Energy Transition

OSG wins $400K DOE backing to study Tampa’s carbon hub development

U.S.-based tanker owner Overseas Shipholding Group (OSG) has obtained a $400,000 grant from the United States Department of Energy (DOE) to study the development of its proposed Tampa Regional Intermodal Carbon Hub (T-RICH). The study is intended to evaluate the commercial feasibility of developing

about 2 years ago

Energy Transition

Uniper looking into Provaris’ compressed hydrogen carriers for hydrogen import

Australia-based developer of green hydrogen projects Provaris Energy has signed a non-binding memorandum of understanding (MoU) with German energy company Uniper to evaluate the supply of green hydrogen to Germany using Provaris’ compressed hydrogen carriers. Under the MoU, Provaris and Uniper will

about 2 years ago

Energy Transition

Japanese players and Woodside Energy join forces for CO2 capture and storage feasibility study

Japanese industry majors Sumitomo Corporation, JFE Steel Corporation, Sumitomo Osaka Cement, Kawasaki Kisen Kaisha (K LINE), and Australian energy giant Woodside Energy have signed a memorandum of understanding (MOU) to conduct a business feasibility study aimed at aggregating CO2 and transporting i

about 2 years ago

Energy Transition

Rystad Energy partners zero-carbon shipping center

Norway’s energy research and business intelligence company Rystad Energy has joined Denmark’s Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping to advance the maritime industry’s role in the global energy transition.

about 2 years ago

Energy Transition

Singapore, Japan to create first ‘Green and Digital Shipping Corridor’

The governments of Singapore and Japan have signed a memorandum of cooperation (MoC) to establish first Singapore – Japan Green and Digital Shipping Corridor (GDSC), aiming to develop standards and best practices supporting the decarbonization, digitalization and growth of the maritime industry.

about 2 years ago

Energy Transition

MOL to issue world’s first blue bonds in shipping

Japanese shipping major Mitsui O.S.K. Lines (MOL) has decided to issue blue bonds through a public offering in Japan’s domestic market in January 2024.

about 2 years ago

Energy Transition

Bernhard Schulte orders LNG dual-fuel CO2 carrier backed by Northern Lights’ long-term charter

Germany-based shipowning company Bernhard Schulte has placed an order for its first CO2 tanker. The LNG dual-fuel newbuilding will be constructed at Dalian Shipbuilding Offshore (DSOC) and feature innovative technologies aimed at significantly reducing its carbon footprint such as wind propulsion an

about 2 years ago