Norway has committed approximately $1.5 million (NOK 14 million) to support improved ship recycling in Bangladesh as part of an IMO-implemented project. The financing paves way for the third phase of the project on Safe and Environmentally Sound Ship Recycling in Bangladesh (SENSREC) launched in 201
Ørsted and its partners have secured funding for the Westküste 100 renewable hydrogen project in Germany. The partners received funding confirmation from the German Federal Ministry of Economic Affairs and Energy as the first large-scale hydrogen project in Germany within the Reallabor (real-world l
Route optimization is a critical tool, which could offer the shipping industry an exponential reduction of CO2 and other greenhouse gas (GHG) emissions from ships while ensuring fuel and other types of savings, Panama Canal Authority believes. The argument is being reiterated on the back of recently
The Scottish government will over the summer release five reports aimed at further informing the relation between seabird population and offshore wind projects. The goal is to inform new guidance on seabird population analysis and map how sensitive certain populations can be to potential offshore wi
The Realisation and Demonstration of Advanced Material Solutions for Sustainable and Efficient Ships (RAMSSES) project reached a key milestone. Namely, on July 18th Damen Schelde Naval Shipbuilding’s (DSNS) location in Vlissingen-East, the Netherlands, the project’s partners unveiled the recently as
New York-listed product and chemical tanker company Ardmore Shipping Corporation has completed its first sustainability-linked finance facility with the Netherlands-based ABN AMRO, one of the founding banks of the Poseidon Principles framework. The tanker owner said that the new $15 million receivab
Maersk Drilling has entered an agreement to invest $1 million in Clean Energy Systems to help develop a new technology called Carbon-Negative Energy.
Wind-assisted ship propulsion has immense potential for achieving fuel savings and cutting emissions in line with the IMO’s decarbonization strategy for shipping. Numerous solutions are being commercialized with others undergoing final stages of testing to prove their efficiency. These types of solu
The Hydrogen Council, a global CEO-led coalition working to enable the global energy transition through hydrogen, has welcomed three new members from the maritime sector.
TAQA Bratani has filed its decommissioning programs for the Tern and North Cormorant platform topsides, located in the UK North Sea, to the UK authorities.
Polish energy company PKN Orlen has submitted an environmental report for its offshore wind project in the Baltic Sea. PKN Orlen, through its subsidiary Baltic Power, holds a license to build wind farms in the Polish Baltic Sea with a maximum total capacity of up to 1,200 MW. The proposed area cover
The condition of the decaying oil storage vessel Safer, floating north of Hodeidah, Yemen, is deteriorating daily, posing a major threat of an oil spill, the UN Security Council was told last week. There is a concern that the dilapidated tanker might rapture causing an explosion and oil spill into t
UK authorities have approved Shell’s decommissioning plan for the Brent Alpha jacket, located in the UK sector of the North Sea.
Last week, HHLA and Hafenbetriebsgesellschaft Braunschweig mbH signed a strategic partnership agreement to promote environmentally friendly transport between Hamburg and the inland port in Lower Saxony.
