Born from the vision of two engineers, the Moroccan start-up Advanced Third Age Renewable Energies Company (ATAREC) has set its sights on exploiting the vast wave energy potential that exists around port breakwaters and other infrastructures exposed to sea, with its full-scale demonstrator already d
UK-based maritime design and applied technologies company Artemis Technologies is taking Northern Ireland’s maritime capabilities into an exciting new era as it brings its ‘flying’ electric foiling boats to international markets with £2 million (about $2.5 million) backing from financial services co
Nasdaq-listed dry bulk shipping company Star Bulk Carriers and Eagle Bulk Shipping, one of the world’s largest owner-operators within the midsize dry bulk vessel segment, revealed their intent to merge through an all-stock agreement. The merger is expected to create a dry bulk shipping powerhouse wi
In a bid to secure a competitive landscape for the availability of renewable fuels to power maritime vessels, energy providers need to have regulatory frameworks established within the next two years. The call comes with the recognition that substantial investments in new fuels are imminent, conting
On the margins of COP28, shipping companies Mitsui O.S.K. Lines (MOL) and Maersk are actively sending a signal of readiness to procure green fuels and drive economies of scale.
TotalEnergies has joined the Renewables for Subsea Power (RSP) collaborative project which is currently powering subsea equipment off the east coast of Orkney in Scotland, with wave power from Mocean Energy and intelligent subsea energy storage from Verlume.
Canada has signed a memorandum of understanding (MOU) to pursue the establishment of a green shipping corridor between Canada’s West Coast and ports in the United Arab Emirates, Korea and Japan.
A deep dive into COP28 and the clash between those calling for a phase-out of fossil fuels and the ones lobbying to keep oil, gas, and coal firmly entrenched in the energy mix.
The number of green corridor initiatives around the world went from 21 to 44 over the past year, according to the findings of the 2023 Annual Progress Report on Green Shipping Corridors released by the Global Maritime Forum. The report finds that there is a ‘substantial maturation’ among existing co
Tanker operator Maersk Tankers has confirmed that it has ordered up to ten very large ammonia carriers (VLACs) at Hyundai Samho Heavy Industries in Korea. The order has been placed by an affiliated company of Maersk Tankers, validating previous media reports. As disclosed, Japanese company Mitsui &
The Chief Executive Officers (CEOs) of leading global shipping lines have issued a joint declaration at COP 28 calling for an end date for fossil-only powered newbuilds and urging the International Maritime Organization (IMO) to create the regulatory conditions to accelerate the transition to green
A new report by the Institute for Energy Economics and Financial Analysis (IEEFA) has found that South Korea is rapidly developing liquefied natural gas (LNG) import and storage terminals, presenting a high risk of overinvestment and overcapacity. According to IEEFA estimates, the country’s LNG indu
Some 64% of senior finance professionals in the UK are contemplating reducing their investment in the maritime sector because of Environmental, Social, and Governance (ESG) risks, according to a recent study from sustainability and communications consultancy Woodrow. The report sheds light on key ar
Singapore-based shipping company Swire Shipping has joined the Global Maritime Forum, an international not-for-profit organization for the global maritime industry, as an official partner.
