Japanese shipping major Mitsui O.S.K. Lines (MOL) has passed another milestone on its decarbonization journey, having become the ‘first’ in the country’s maritime industry to retire technology-based carbon removal credits (CDR). Three years have passed since the launch of the NextGen CDR facility, a
Backed by a European investment fund with over €300 million earmarked for green port investments, a new company acting as the “world’s first” capital partner for shore power, Seacap, has been launched.
Japan’s shipping giant Mitsui O.S.K. Lines (MOL) has set its sights on a careful evaluation of the use of Chinese and South Korean shipyards that meet its criteria while taking into consideration the changes in U.S. policy trends and geopolitical risks to meet the demand for liquefied natural gas (L
The European Commission and the UK have reached a Common Understanding that outlines a renewed agenda for cooperation, with a focus on maritime security and safety, as well as new energy technologies such as hydrogen and carbon capture, utilization and storage (CCUS), among other things. In view of
Malaysia- and Singapore-based marine fuel bunkering services provider TMD Energy Limited (TMDEL) has decided to expand strategically into oil waste collection, marking a significant enhancement of its environmental, social, and governance (ESG) commitments.
A joint venture of UK’s Enshore Subsea and Belgian Herbosch-Kiere has laid the two submarine cables for what is said to be a project that aims to revolutionize Senegal’s power infrastructure and provide sustainable electricity to millions of people. The partners reported today, May 16, that the seco
Switzerland-based StreamTec Solutions has signed a cooperation agreement with Timor-Leste’s national oil & gas company Timor Gás & Petróleo, E.P. (TIMOR GAP) and the Ministry of Petroleum and Mineral Resources (MPRM) to establish a company that will develop an underwater pipeline highway for the tra
Instead of acting solely as a cost driver, the FuelEU Maritime regulation could create a net financial gain, potentially around €250 million, according to a recent analysis by maritime data and compliance firm OceanScore.
LS Eco Advanced Cables (LSEAC), a joint venture between Global InterConnection Group (GIG) and one of the subsidiaries of LS Group, a Korean cable manufacturer, has launched a five-week public consultation on plans for a £923 million subsea and onshore cable facility at the Port of Tyne in the UK. T
Investments in LNG dual-fuel vessels offer shipowners a shorter payback period than methanol, ammonia, or VLSFO, a new analysis from industry coalition SEA-LNG has found.
Sulzer has pointed out the operators’ need to pursue decarbonization tools to ensure cleaner production and more efficient operations, maximizing productivity and enhancing sustainability to tackle the climate change ticking time bomb and come to grips with energy security challenges.
An alliance of non-profits and industry coalitions, collectively representing 82 clean maritime and green hydrogen industry stakeholders, has urged the European Union (EU) to adopt “stronger” policies to support the shipping industry in its pursuit of meeting climate goals and cultivating a global “
The International Maritime Organization’s (IMO) recently agreed Net-Zero Framework is projected to add an 82% premium on top of the fleet bunker costs by 2035.
Western Australia (WA) is well-placed to export locally made green hydrogen and ammonia to Europe via Mid West, according to the Trilateral Hydrogen Hub (TrHyHub) feasibility study.
