Shipping is one of the few transport modes that does not achieve zero emissions in the Net‐Zero Emissions by 2050 Scenario, released by the International Energy Agency (IEA). The agency ascribed this to a lack of available low‐carbon options on the market and the long lifetime of vessels (typically
Danish shipping companies Evergas and Ultragas have established Dan-Unity CO2, the first shipping company specialized in vessels for the transport of captured CO2 for storage and re-use. The company has set up a partnership with Carbfix, an Icelandic startup specializing in C02 storage. The duo plan
Maersk Supply is making a move to enter Norway, targeting the towing and installation of units for offshore wind and the oil & gas industry.
Norwegian tanker owner and operator Frontline has entered into an agreement to acquire six ECO-type VLCC newbuildings through resale. The six VLCCs are currently under construction at the Hyundai Heavy Industries shipyard in South Korea. The VLCCs are being bought for $565.8 million, including an es
ExxonMobil is working to resolve technical challenges and design issues on its Liza Destiny FPSO as it awaits the arrival of a key component.
Greek shipping company Diana Shipping has signed a sustainability-linked loan facility with Dutch ABN AMRO Bank through six wholly-owned subsidiaries in the amount of $91 million.
X-Press Feeders, the world’s largest independent common carrier, has made an investment in Core-Power, a UK-based development company specializing in scalable atomic power technology for ocean transport and heavy industry.
German renewable energy company BayWa r.e. has informed that the initial studies carried out on a floating solar farm in Zwolle in the Netherlands showed no adverse effects to the surrounding environment.
Swedish company Lean Marine has been contracted to install its propulsion optimization technology across the tanker fleet of Ardmore Shipping Corporation.
A global effort to reduce sulfur and greenhouse gas (GHG) emissions from ships has researchers from the US National Renewable Energy Laboratory (NREL) and other Department of Energy facilities investigating the potential use of marine biofuels.
Associated British Ports (ABP) plans to install a second shore power connection at the Port of Southampton as part of its partnership with Carnival UK to enable sustainable cruising. The shore power connection is set to be installed at the port’s Mayflower cruise terminal, with expected commissionin
The 2,500 TEU vessel, which has been designed jointly by VPLP Design, Alwena Shipping, SDARI and AYRO, received an Approval in Principle (AiP) from the classification society Bureau Veritas.
French low-carbon investment company, Falkor, has joined forces with power-to-fuel developer, Liquid Wind to replicate eMethanol facilities in France and Southern Europe.
Japan-based technology company Eco Marine Power (EMP) announced today that it began its joint development program with F-WAVE Company (F-WAVE) on new ship integrated photovoltaic (SIPV) solutions.
