As the world races towards a net-zero emissions future by 2050, it’s imperative to acknowledge some hard truths and heed the wake-up calls emerging from the latest reports and analyses. The energy transition journey is undoubtedly complex, laden with challenges and unearthing difficult realities as
French shipping major CMA CGM has revealed the names of its new terminals in the United States as the company embarks upon a $600 million upgrade at “Port Liberty New York” and “Port Liberty Bayonne”. The terminals were acquired by CMA CGM from Global Container Terminals (GCT) in December 2022. The
Wood Mackenzie believes that emerging sectors will not be able to usher in a net-zero by 2050 era without CCUS.
The collaborative EU-backed NEMMO project has reached its last and most significant milestone – producing novel-design tidal turbine blades, three of which are being shipped to be fitted on Magallanes Renovables’ ATIR tidal energy platform in Scotland.
Hong Kong-based dry bulk shipping company Pacific Basin anticipates limited orders for dual-fuel methanol-enabled mid-size dry bulk vessels in 2024. As explained, these vessels are expected to primarily consume conventional fuel oil in the foreseeable future due to the limited availability and high
The global shipping industry is grappling with the pressing need to transition towards eco-friendly practices, as ambitious demands for decarbonization and impending carbon taxes loom on the horizon. The very large crude carrier (VLCC) sector is in a unique position with a large portion of its fleet
Renewable and low-carbon hydrogen is expected to play an important role in decarbonizing and reducing emissions from hard-to-electrify sectors and reaching the Paris Agreement climate goals. While these targets require hydrogen to account for approximately 15% of the world’s energy demand by 2050, D
DNV: The pace of the transition from fossil fuels to renewables is not being imbued with enough speed to reach net-zero by 2050 targets.
Norwegian company Havkraft has signed a contract with Equinor to conduct a feasibility study exploring the integration of wave energy as a sustainable energy source for powering mobile offshore drilling units.
The Interreg 2 Seas-funded ENCORE project has reached its formal closure after three years, having ‘successfully propelled’ four innovative tidal energy, offshore solar and wave energy technology solutions.
In new research “France’s LNG Paradox,” the Institute for Energy Economics and Financial Analysis (IEEFA) has reported that France risks unnecessary investments in new liquified natural gas (LNG) infrastructure as the utilization rates of existing terminals decline and gas use falls. IEEFA noted tha
While current impacts are bound to be limited, a further spike along with a disruption of oil supplies are believed to be on the cards if Iran joins the fray.
Greek shipping magnate Evangelos Marinakis, alongside his son Miltiadis and private company Capital Maritime & Trading, has revealed plans to propose a significant shift in the business focus of New York-listed shipowner Capital Product Partners. The proposal, disclosed in a filing with the U.S. Sec
DNV, the independent energy expert and assurance provider, has issued a statement of conformity to Dutch floating solar company Oceans of Energy for its offshore solar solution, which clears it for deployment in rough sea conditions like those in the North Sea.
