Onboard carbon capture and storage is technically and financially viable, a feasibility study jointly conducted by Norwegian engineering company TECO 2030 ASA and Austrian-based automotive consulting firm AVL List GmbH has concluded.
Scotland-based University of Strathclyde has designed a greener, more efficient rudder system that will be demonstrated as part of a €6 million EU-funded research project.
The Port of Esbjerg, Denmark’s largest port on the North Sea, and France-based information technology company Atos have unveiled a joint co-innovation project to create a carbon-neutral harbour.
Battery and energy solutions provider Xalt Energy, part of Germany’s Freudenberg Sealing Technologies, has provided lithium-ion batteries for New Zealand’s first all-electric ferry.
Canada’s dry bulk shipping company Fednav has sent the 43-year old MV Arctic for green recycling in Turkey as it welcomes a Polar Class newbuilding in its place. “The MV Arctic made its final voyage in April and is being recycled in Turkey following strict green recycling protocols,” Fednav said. Me
Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has launched an investigation into an oil spilt from Equinor’s Gullfaks C platform in the North Sea.
eCap Marine, a recently created company through the merger of the maritime business of eCap Mobility and Hybrid Port Energy, a Becker Marine Systems’ subsidiary, is seizing on the market demand for green energy technologies onboard ships. Namely, the company, officially launched on January 1, 2021,
Australia’s largest east coast seaport, Port of Newcastle, has secured A$515 million (approximately $399 million) in sustainability-linked loans. National Australia Bank (NAB), which has led the development of the arrangement, said the loans incentivize the port to hit targets across a range of soci
In the first quarter of 2021, high-sulphur fuel oil (HSFO) has been the only bunker fuel to experience year-on-year growth in Singapore, the world’s largest bunkering hub, data from BIMCO shows. HSFO sales are up 47.2% from Q1 2020, reaching 3.1 million tonnes. This is, however, still less than a th
In this week’s edition of our In Focus article, we take a deep dive into the most relevant developments from the energy world targeting emission cuts. In the Fossil Fuels market, oil and gas company Lundin Energy sold what has been described as the world’s first-ever certified carbon neutrally produ
Dutch oil & gas exploration and production operating company ONE-Dyas plans to power a platform at a North Sea gas extraction field solely by the electricity from the Riffgat offshore wind farm in the German part of the North Sea. ONE-Dyas, together with partners Hansa Hydrocarbons and EBN, aims to
On 29 April, Bermuda-based ship owning and chartering company SFL Corporation Ltd. successfully placed $150 million in senior unsecured sustainability-linked bonds due 12 May 2026.
South Korean shipbuilding giant Daewoo Shipbuilding & Marine Engineering (DSME) has secured an order for two dual-fuel LPG carriers from compatriot Hyundai LNG Shipping. The 91,000 cbm ships are expected to be built at DSME’s Okpo yard and delivered to shipowners by the fourth quarter of 2023. The c
Ships with scrubbers will emit at least 10 gigatonnes (Gt) of scrubber washwater each year absent additional regulations, the International Council on Clean Transportation (ICCT) said in a report. As disclosed, the entire shipping sector carries about 11 Gt of cargo each year. Nearly all of the wash
