The energy transition towards low-carbon and green energy sources is gaining momentum worldwide, driven by rising climate and energy security concerns. That being said, the thorny road toward decarbonization always seems to be stuck between the need to ‘act now’ and find the ‘silver bullet’. The sen
The European Commission has supported two major ocean energy projects – led by Floating Power Plant and Simply Blue Group’s Saoirse Wave Energy – which will take a share of €3.6 billion of investment provided to 41 large-scale clean tech projects through the EU Innovation Fund.
Multiple European hydrogen projects have been selected by the European Commission (EC) to be financed through the EU Innovation Fund. Specifically, the EC awarded over €3.6 billion to 41 large-scale clean tech projects, many of them being hydrogen-related. According to EC, the funding will contribut
Cyprus-headquartered seismic firm SeaBird Exploration has secured a two-year contract with a repeat client for services spanning several projects in the Western Hemisphere. Seabird reported on 14 July that it had signed a Letter of Award (LoA) for ocean bottom node (OBN) source services, with the co
Port of Sines, a major port in Portugal, and Companhia Siderúrgica Nacional (CSN), a leading steel producer in Brazil, have signed a Memorandum of Understanding (MoU) as part of the Global Gateway initiative of the European Commission. The agreement aims to establish the scope, rules, and guiding pr
UAE-based shipping company Transworld Group and Hong Kong-based ship management company Fleet Management (FLEET) have established a new ship management joint venture, Transworld Fleet Management. The JV will provide dedicated technical management services to Transworld Group’s fleet which includes c
Nel Hydrogen Electrolyser, a subsidiary of Norway’s Nel ASA, has signed a contract for 20 MW of alkaline electrolyser equipment for about €9 million with Hyd’Occ for its project in Port-La-Nouvelle, France. The 20 MW electrolyser will supply renewable hydrogen to local industry and transportation in
Swedish-Israeli wave energy developer Eco Wave Power has been awarded a grant from the EU that will be used to add educational and knowledge-sharing features to the company’s newest wave energy power station at the Port of Jaffa in Israel.
The first quarter of 2023 saw Carbon Emissions Index (CEI) improvements on the majority of top 13 container trades, evaluated by Xeneta, an Oslo-based ocean and air freight rate benchmarking and market analytics platform. The average CO2 emitted per ton of cargo carried fell on ten of the world’s le
Norwegian marine geophysical company PGS is set to complete its inaugural contract for ultra-high resolution 3D wind farm site characterization by the end of this month. PGS secured its first ultra-high resolution wind farm site characterization project at the beginning of the year, marking its entr
Dynagas LNG Partners, an owner and operator of LNG carriers (LNGCs), has entered into time charter party agreements with Rio Grande LNG, a subsidiary of NextDecade Corporation, for two LNGCs, adding approximately $270 million to its existing revenue backlog. The 2007-built LNG carrier Clean Energy h
Dutch shipping company JR Shipping has completed the installation of Value Maritime’s Filtree and Carbon Capture technology on the 9th vessel, MV Emotion. The installation on the 2008-built containership of 1,440 TEU was completed in Hamburg, Value Maritime said in an update. The latest development
The jury is still out on the fuel choice for a series of twenty new vessels the Singapore-based container shipping major Ocean Network Express (ONE) has on order. “We haven’t made a decision yet on which technology to choose. The jury is still out and like the rest of the industry we are very intere
A new carbon capture supply chain strategy is expected to pave the way for Britain to gain entry into the global supply chain market.
