Shipping is struggling to implement its decarbonization transition, with sustainable fuels being much more expensive and much less available than their fossil counterparts.
UK-based Inyanga Marine Energy Group has raised £3.7 million (approximately $5 million) in fresh investment to support the build of a tidal energy demonstrator for the Morlais project in Wales. According to Inyanga, the funding round includes backing from the British Business Bank via The FSE Group
Singapore-based shipping company Swire Shipping has launched Voyage to Zero, a carbon insetting program that promises a reduction in Scope 3 greenhouse gas (GHG) emissions.
Japanese engineering corporation IHI Corporation (IHI) and Dutch tank storage company Royal Vopak (Vopak) have signed a joint development agreement under which they plan to establish a new joint venture for the development and operation of an ammonia terminal in Japan.
Hydrogen Europe has acknowledged improvements in the final version of the European Commission’s Low Carbon Hydrogen Delegated Act, but noted that the rules still fall short of market needs.
P&O Maritime Logistics (POML), a subsidiary of Dubai-based terminal operator DP World, has decided to acquire a 51% controlling stake in Nova Algoma Cement Carriers’ (NACC) wholly owned cement assets.
Japanese shipping major Mitsui O.S.K. Lines (MOL) has become the 100% shareholder of LBC Tank Terminals, the Netherlands-based tank terminal operator in the chemical handling industry.
While the overall newbuild market is experiencing a slower growth rate, the alternative fuels orderbook saw a total of 151 vessel orders in the first half of 2025, with LNG dominating as the “clear fuel of choice” and accounting for more than half of the orderbook, according to data from classificat
The UK Government has decided to reject the huge £25 billion (around €29.5 billion) project that would import 11.5 GW of solar and wind power from Morocco to the British grid via 4,000-kilometer HVDC subsea cables. The Xlinks Morocco-UK power project envisions the development of a commercial-scale r
Bureau Veritas Marine & Offshore (BV), a French specialist in testing, inspection, and certification, has highlighted the need to reframe how the global fleet is financed, fueled, and operated if its decarbonization goals are to be achieved.
Chinese shipbuilder Wuhu Shipyard has moved to enter the European market with a new research and development (R&D) cooperation agreement focused on green shipping technology.
The tanker sector keeps its finger on the pulse regarding fuel options but is cautious about readiness, safety, and regulatory support, BIMCO, the world’s largest international shipping association, said.
Industry groups have called on the European Commission to acknowledge their concerns with the current draft ‘Delegated Act’ defining the greenhouse gas (GHG) methodology for low-carbon hydrogen and its derivatives, claiming that the new version of this secondary legislation threatens the overall fea
Importing renewable hydrogen as ammonia from countries with abundant renewable sources could be more expensive than producing it domestically in the European Union, a new study found.
