Since January 1, 2020, the number of scrubber-fitted ships has nearly doubled from 2,011 ships to 3,935 by March 1, 2021, data from BIMCO shows. Scrubbers have been a very attractive solution for meeting the IMO 2020 regulation on cutting the sulphur content in marine fuel, especially for bigger ves
Kongsberg Maritime has reached an agreement with Norway’s Institute of Marine Research (IMR) for the supply of four autonomous vessels that will be used for marine ecosystem monitoring.
Commodity trading company Trafigura has closed its first sustainability-linked loan structure worth over $5 billion. The loan structure is comprised of a new 365-day European multi-currency syndicated revolving credit facility totaling $ 1.85 billion, as well as the extension and increase of its $3.
There has been a notable increase in the uptake of large ammonia vessels over the past year, according to Getting to Zero Coalition’s latest edition of zero-emission project mapping. The number of identified projects has jumped from 66 to 106, the coalition’s second edition of the biannual Mapping o
The Technical University Delft Solar Boat Team in the Netherlands has teamed up with Camfil, a Swedish producer of air filters and clean air products, to provide aerodynamically optimized, custom-made filtration solutions for the hydro motion boat.
U.S. Representative Debra Haaland has been confirmed as the new Secretary of the Interior, becoming the first Native American to lead a cabinet agency.
Exhaust gas cleaning systems, better known as scrubbers, can play a central role in carbon capture and storage to help drive shipping’s decarbonization, Wärtsilä believes. Specifically, the company argues that as the technology advances it enables manufacturers to design and upgrade scrubbers to cap
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has won a deal for the construction of three eco-friendly ultra-large liquefied petroleum gas (LPG) carriers.
Ardmore Shipping Corporation has signed a Letter of Intent with Element 1 Corp. and Maritime Partners to establish a joint venture that would deliver E1’s methanol-to-hydrogen technology to the marine sector. Oregon-based E1 has developed advanced hydrogen generation systems used to power fuel cells
UK’s petroleum regulator, the Oil and Gas Authority, has outlined how the oil and gas industry should work to reduce greenhouse gas emissions.
Denmark has joined as a co-sponsor of the proposal to create a $5 billion International Maritime Research and Development Board (IMRB) was submitted to the UN’s International Maritime Organisation (IMO). The proposal was submitted on the 10th of March 2021 by Georgia, Greece, Japan, Liberia, Malta,
Vår Energi has received consent from the Norwegian offshore authority to use the subsea facilities on the Marulk field beyond their original operating life.
The Russian government has decided to provide subsidies for newbuild vessels destined for the Far North region.
Klaveness Digital, part of the Norwegian shipowner Torvald Klaveness Group, has challenged industry players to act on Scope 3 emissions now or risk increasing costs and losing competitive advantage, in a recent webinar discussing the opportunities of digitalization and decarbonization.
