Members of the OCEAN Alliance, CMA CGM, COSCO Shipping Lines, OOCL and Evergreen have signed the Ocean Alliance Day 7 Product, which will launch in January 2023 with 40 services and an annual capacity of 22.4 million TEUs. It has been announced that 26 dual-fuel, LNG-powered CMA CGM ships would be a
German engine manufacturing powerhouse MAN Energy Solutions demonstrated today the performance of its new dual-fuel four-stroke 49/60DF engine from the testbed in Augsburg, Germany. Based on the information presented today, MAN claims that its 49/60 DF engine offers a feasible decarbonization pathwa
UK and US have formed a new energy partnership to increase energy security and drive down prices, as part of an initiative announced today by Prime Minister Rishi Sunak and US President Joe Biden. Under the new ‘UK-US Energy Security and Affordability Partnership’, the parties will work together to
The International Association of Dry Cargo Shipowners (INTERCARGO) has joined the critics of the Carbon Intensity Indicator (CII) framework voicing opposition to its use as a benchmark for medium-term measures as part of the IMO’s revised GHG Strategy. INTERCARGO said that its members expressed thei
Wave Energy Scotland (WES) has selected FloWave research facility of the University of Edinburgh to conduct tank testing campaigns of potential hybrid platforms which combine wind and wave energy technologies.
BP, Equinor and Ithaca Energy have inked a deal to explore electrification options for their West of Shetland portfolio of oil and gas assets.
The Ministry for the Ecological Transition and the Demographic Challenge (MITECO) of Spain has published a document which sets out the regulatory bases for the allocation of state grants for the development of marine renewable energy pilot projects and associated infrastructure.
DNV: As the UK is not on track to meet its mid-century targets, “a clear roadmap” needs to be set up to achieve net-zero by 2050.
Prysmian Group’s cable-laying vessel Leonardo da Vinci has commenced the offshore installation campaign of the subsea link that will connect the Greek Crete island and mainland Greece. The Crete-Attica project will comprise a total submarine length of 336 kilometers to be laid at a maximum depth of
Liverpool City Region has signed an agreement with Korea Water Resources Corporation (K-water) to cooperate and share lessons that could help the region develop the world’s largest tidal power scheme on the River Mersey.
French container shipping major CMA CGM Group has signed a binding agreement to acquire GCT Bayonne and New York terminals, currently held by Global Container Terminals Inc (GCT). The Port of New York and New Jersey represents CMA CGM’s largest gateway on the U.S. East and Gulf Coasts. The company n
CNOOC has kicked off production from an oilfields joint development project located in the Eastern South China Sea.
Canada’s Waterfront Shipping, a subsidiary of Methanex, the world’s largest producer, and supplier of methanol, has entered into a time-charter agreement with Trafigura for a methanol dual-fuel tanker. Under the agreement, Trafigura will operate the co-owned Waterfront Shipping and Clean Sea medium-
Following the recent establishment of the world’s first financing platform for tailored financing of infrastructure for green hydrogen, Germany is now looking to award nearly €1 billion (€900 million) in funding for the import of hydrogen derivatives. On 5 December, the Federal Ministry for Economic
