Canadian ferry operator BC Ferries has marked Earth Day on 22 April with the launch of its sixth battery electric- hybrid Island-class ferry.
Dutch transportation company Samskip has increased its commitment to greener shipping through a new formal agreement with sustainable cargo initiative GoodShipping to run part of its fleet on marine biofuels and significantly reduce carbon footprint.
The use of fossil fuels in the shipping industry will need to be banned in the latter half of the decade if the industry is to meet its decarbonization efforts, a study by MAN Energy Solutions shows. The study, carried out in partnership with the Fraunhofer Institute for Systems and Innovation Resea
Belgium’s tanker shipping company Euronav NV has confirmed that it signed contracts for the construction of two very large crude carriers (VLCCs) with South Korean shipbuilder Hyundai Samho Heavy Industries (HSHI).
Norwegian engineering company TECO 2030 ASA has unveiled a newly developed TECO 2030 Future Funnel with hybrid and closed loop alongside the already existing open loop.
Norwegian Petroleum Safety Authority has given consent to Aker BP for drilling in the Barents Sea, using the Deepsea Nordkapp rig.
Finnish cleantech company Norsepower has signed a framework agreement with Offshore Technology Development (OTD), Keppel Offshore & Marine’s technology arm, on the commercialization of rotor sails. Under the deal, OTD, which provides equipment to the offshore oil and gas, marine, and offshore wind i
Ahead of President Biden’s Leaders’ Summit on Climate, the world’s major shipping organisations have called on world leaders to urgently examine the role of market-based measures (MBMs) to ensure ambitious decarbonisation targets are met across the entire global shipping industry.
The Maritime and Port Authority of Singapore (MPA) has signed a memorandum of cooperation (MoC) with industry heavyweights to establish a fund for a maritime decarbonization center in Singapore. The deal was signed with BW Group, Sembcorp Marine, Eastern Pacific Shipping, Ocean Network Express, Foun
Offshore rig owner Maersk Drilling has secured an additional one-well contract for the low-emission rig Maersk Integrator with Aker BP.
The UK has decided to include its share of international shipping and aviation emissions in its sixth Carbon Budget – an important part of the government’s decarbonisation efforts that will allow for these emissions to be accounted for consistently.
With the international banking group Standard Chartered becoming a signatory to the Poseidon Principles, the global shipping loan portfolio of the member banks has surpassed the $ 185 billion mark. This represents around 50 percent of all shipping finance globally, making the Poseidon Principles ini
French investment company Eurazeo is launching a sustainable maritime infrastructure thematic fund to finance more environmentally friendly infrastructure and technologies in the maritime sector that support the transition to a low carbon economy.
Industry heavyweights Lloyd’s Register’s Decarbonization Hub, Maersk, MAN Energy Solutions, Mitsubishi Heavy Industries, NYK Line, Total and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping are embarking on a new project with the aim of providing guidelines on the safe use of ammonia as a
