China-based companies specializing in ocean-based heavy lift transport COSCO SHIPPING Specialized and Guangzhou Salvage have concluded a joint venture deal leading to the creation of a fleet of 18 semi-submersible vessels by the end of 2023. Commercial management of the fleet will be handled by the
Bio-LNG is available in almost seventy ports worldwide, including in Singapore, Rotterdam, and the US east coast, according to an analysis of the green LNG bunkering market published by SEA-LNG, a multi-sector industry coalition promoting LNG as a marine fuel. The coalition added that bio-LNG used i
The European Commission (EC) has approved a €40 million German support measure for the construction and operation of a new land-based LNG terminal in Brunsbüttel which will replace the FSRU currently operating at the site. The terminal with an annual capacity of 10 billion cubic meters will comprise
The US Department of Energy (DOE) has invested nearly $10 million in seven innovative projects that will accelerate development and testing of marine energy technologies.
CCS Wuhan Rules & Research Institute, a key institute directly under the China Classification Society, has granted an Approval in Principle (AiP) certificate to Zhejiang Seahead Ship Design and Research Institute Co. for China’s first methanol-fueled bunkering ship. The methanol-fueled bunkering shi
Germany has decided to update the National Hydrogen Strategy with the increased level of ambition in climate protection and the new challenges in the energy market. The Federal Cabinet made the decision on 26 July preceded by a political agreement of all departments, including the five core departme
SunGas Renewables, a Texas-based spin-out of GTI Energy, is forming a new subsidiary named Beaver Lake Renewable Energy (BLRE), which will construct a new green methanol production facility in Central Louisiana. The facility is expected to produce nearly 400,000 metric tons of green methanol per yea
As the world witnesses the devastating impact of climate change through catastrophic events like wildfires engulfing the Greek island of Rhodes and northern Algeria, and the occurrence of giant supercells in Italy, the need for urgent and sustainable solutions within the energy industry, the maritim
The power sales from the MeyGen tidal energy project have reached €4.5 million in 2022, according to the developer of the project SIMEC Atlantis Energy, which also unveiled plans for potential combination of the tidal power scheme with its battery energy storage systems (BESS) business.
Qatar’s energy sector is positioned for further growth, solidifying the country’s position as the world’s top exporter of LNG.
The US Department of Commerce and National Oceanic and Atmospheric Administration (NOAA) have launched the Ocean-Based Climate Resilience Accelerators program, designed to support blue economy startups and concepts.
The Council of the European Union has adopted the final rules on climate-neutral shipping as proposed in the FuelEU Maritime as a key part of the EU’s Fit for 55 package. The final hurdle was cleared on Tuesday putting virtually all pieces of the puzzle for regulating shipping’s climate impact into
Officer supply shortfall has reached a record high and is not expected to improve, leading to manning cost inflation, according to the latest Manning Annual Review and Forecast report published by shipping consultancy Drewry. The 2023 officer availability gap has widened to a deficit equating to abo
A new study carried out by Herbert Engineering Corp. (HEC) on behalf of ABS classification society finds that the adoption of advanced nuclear reactors onboard a 14,000 TEU containership would basically eliminate the need for refueling of the vessel during its entire 25-year lifespan. The study look
