Nexans Marine Operations has placed an order with Ulstein Verft for the construction of its new cable-laying vessel (CLV), said to be an updated version of the Nexans Aurora. The “large” DP3 vessel, based on the Nexans Aurora design as developed by Skipsteknisk, will be able to carry out the transpo
Wave-powered desalination innovator Oneka Technologies has secured €8.7 million through equity round of financing, attracting various new investors on board. Oneka Technologies closed its main Series A equity round of financing with €8.7 million (CA$12.5 million) investment led by the Hoffecker Fami
Malaysia’s state-owned energy giant PETRONAS, through its wholly-owned subsidiary PETRONAS CCS Ventures, has teamed up with compatriot shipowner MISC Berhad and Japanese shipping major Mitsui O.S.K Lines (MOL) on the development and commercialization of Liquefied Carbon Dioxide (LCO2) carriers. The
Copenhagen-based coating supplier Hempel has opened a new production facility in Zhangjiagang, China as a way of responding to the growing demand for coating solutions. The inauguration ceremony for the new production facility comes three years after the announcement of expansion plans to meet the g
The U.S. Department of Energy (DOE) has announced $47.7 million in funding for 16 research, development and demonstration (RD&D) projects across 13 U.S. states to advance clean hydrogen technologies. Managed by the Hydrogen and Fuel Cell Technologies Office (HFTO), DOE said the projects will focus o
A colossal containership sporting a green livery and a prominent LNG-powered designation on its hull has hit the waters at Chinese shipbuilding major Hudong Zhonghua. The LNG dual-fuel 13,000TEU container ship (H1841A), named CMA CGM Paraty, was built for the French CMA CGM Group. The ceremony was h
E-fuels company Elyse Energy, Hy24, managing a clean hydrogen infrastructure fund, and Mirova, an affiliate of Natixis Investment Managers, have signed a financing deal to support the development of Elyse Energy’s e-methanol and sustainable aviation fuels (SAF) projects in France and Spain. Specific
A consortium made up of French, Belgian and Luxembourgian companies, led by renewable energy developer Q Energy, has started with the construction of a 74.3MWp floating solar plant in the northeastern France – said to be the largest such power plant in Europe.
Laura Maersk, the world’s first containership powered by green methanol, has set sail from Copenhagen, Denmark officially commencing her operations. Maersk, the owner of the groundbreaking ship, shared video footage of the vessel departing the Toldboden area of the Copenhagen harbor near the headqua
The shipping industry needs to work together to accelerate the energy transition and establish a level playing field, ensuring Europe’s competitive edge on the global stage, Rolf Habben Jansen, CEO of Hapag-Lloyd AG, said yesterday in a powerful address at the European Shipping Summit (ESS) in Bruss
Seaside LNG, an LNG production and maritime transportation logistics provider based in Houston, Texas, has become a member of SEA-LNG, a prominent industry coalition dedicated to demonstrating the advantages of the LNG pathway for reducing shipping emissions. Seaside LNG is the sole company in North
A cooperation project for establishing China’s first green methanol industrial chain which aims to propel shipping’s decarbonization has been officially launched. COSCO Shipping, State Power Investment Corporation (SPIC), Shanghai International Port Group (SIPG), and China Certification & Inspection
A recent report from Wood Mackenzie titled “Playing by New Rules: How the CBAM Will Change the World” sheds light on the potential consequences of the European Union’s Carbon Border Adjustment Mechanism (CBAM). The Carbon Border Adjustment Mechanism, a policy that will require producers of goods imp
The California State Senate has passed a ‘historic’ wave and tidal energy bill that directs the California Energy Commission to evaluate the feasibility, costs, and benefits of using wave and tidal energy across the Golden-State’s 840-mile coastline.
