Market research provider and consultancy Westwood Global Energy Group has estimated that 30 floating, production, supply, and offloading (FPSO) vessels will become available by the end of 2022.
Shipping is one of the few transport modes that does not achieve zero emissions in the Net‐Zero Emissions by 2050 Scenario, released by the International Energy Agency (IEA). The agency ascribed this to a lack of available low‐carbon options on the market and the long lifetime of vessels (typically
Marine Power Systems (MPS) has signed a berth option agreement with the European Marine Energy Centre (EMEC) for the deployment of two multi-megawatt WaveSub wave energy converters.
Activist investor Crystal Amber, which holds more than 11 per cent of Hurricane Energy, has called for general meeting of shareholders to remove all non-executive directors of Hurricane.
Researchers from the University of Edinburgh and Swedish wave energy developer Seabased have completed a project to optimise the latter’s direct drive linear generator.
X-Press Feeders, the world’s largest independent common carrier, has made an investment in Core-Power, a UK-based development company specializing in scalable atomic power technology for ocean transport and heavy industry.
UK-based engineering and technical innovation specialists Rovtech Solutions and Brimstone Enterprises have signed a memorandum of understanding (MoU) to jointly develop a tidal energy system inspired by marine creatures.
The International Energy Agency’s (IEA) has announced the world’s first comprehensive study on how to transition to a net-zero energy system by 2050.
Almost 90 per cent of global electricity generation in 2050 could come from renewable energy sources, with solar PV and wind together accounting for nearly 70 per cent, according to International Energy Agency’s new Net Zero 2050 roadmap. The roadmap, published on 18 May, calls for scaling up solar
German renewable energy company BayWa r.e. has informed that the initial studies carried out on a floating solar farm in Zwolle in the Netherlands showed no adverse effects to the surrounding environment.
Swedish company Lean Marine has been contracted to install its propulsion optimization technology across the tanker fleet of Ardmore Shipping Corporation.
Global transport activity will more than double by 2050, and traffic emissions will rise by 16% compared to 2015 – even if existing commitments to decarbonise transport are fully implemented, the International Transport Forum (ITF) predicts. According to ITF Transport Outlook 2021, any currently exp
UK-based tidal energy developer Simec Atlantis Energy has warned of an alleged appointment of administrators to one of its main shareholders which owns 43% stake in the company.
A global effort to reduce sulfur and greenhouse gas (GHG) emissions from ships has researchers from the US National Renewable Energy Laboratory (NREL) and other Department of Energy facilities investigating the potential use of marine biofuels.
