Malaysian shipping company MISC Berhad (MISC) has entered into a $527 million sustainability-linked loan for the financing of six very large ethane carriers (VLECs). MISC said that the loan was signed through the company’s Singapore-based subsidiaries and that Standard Chartered acted as structuring
South Korean shipping major HMM plans to conduct field tests of an onboard carbon capture system (OCCS) for containerships along with Samsung Heavy Industries (SHI) and PANASIA in the second half of this year. OCCS is an advanced technology to capture CO2 from greenhouse gas emissions generated duri
Wood Mackenzie outlines that upstream operators will focus on capital discipline and carbon mitigation in 2023.
Marine Renewables Canada and the UK Marine Energy Council have entered into an agreement to share knowledge and support development of the marine renewable energy industry.
Kongsberg has established a separate business area for its robotics and sensor technology called Kongsberg Discovery, designed to map and monitor ocean space. Sensors and Robotics, previously a division under Kongsberg Maritime, is now being separated and established as a separate business area. “Su
Oriana Power has completed the installation of 1MWp floating solar power plant in northern India, which is said to be the first of its kind in the state of Rajasthan.
Japanese shipping heavyweight Nippon Yusen Kabushiki Kaisha (NYK) Group plans to install Orca AI platform across its fleet, which includes bulk carriers, tankers and containerships. The move is being announced on the back of a two-year cooperation between NYK and Orca AI, developer of a unique autom
Norwegian company Havkraft has secured funding support to further advance its wave energy technology and projects.
Africa Finance Corporation (AFC) has acquired Norwegian oil and gas company Aker Energy and, through the transaction, has become an owner of a deepwater block offshore Ghana. Aker Capital and The Resource Group TRG have agreed to sell their shares in Aker Energy to AFC Equity Investment, a company o
Japanese shipping firm Asahi Tanker Co. has taken delivery of the world’s second pure battery tanker, named the Akari. The vessel completed its historic first bunkering operation in Kawasaki on April 14, supplying the MOL-operated iron ore career UNTA. The vessel was built by Imura Shipbuilding and
Technology company and an OEM for high-pressure alkaline electrolysers HydrogenPro and technology group Andritz have entered into a partnership to collaborate on scaling up manufacturing and assembly of electrolysers for the European market. According to HydrogenPro, this non-exclusive partnership w
UK’s OEG Offshore has acquired compatriot Pelagian, a provider of consultancy, engineering and installation management services to the submarine cable and offshore renewable energy industries. With the acquisition, OEG stated it was better equipped to support the cable sector across different end ma
Danish engineering company EIVA has launched a new remotely operated towed vehicle (ROTV) tailored for autonomous unmanned surface vehicle (USV) systems. The ViperFish ROTV is an all-in-one sensor platform for high-resolution data collection by USV, which is said to be able to survey hard-to-reach a
The European Parliament formally approved on Tuesday the new EU Emissions Trading System (ETS) law, earmarking around EUR 2 billion of the revenues of the Innovation Fund for the maritime sector. European Community Shipowners Association (ECSA) welcomed the move, saying that the deal will mark a tur
