The shipbuilding industry has been hit hard by the impact of the coronavirus pandemic quashing shipowners’ interest in investing in new ships. The pandemic crushed down on an already battered industry suffering from overcapacity, weak demand, and flat world trade growth. The European shipbuilding se
A number of shipping, maritime & technology professionals from several innovation-focused companies have agreed to join the Eco Marine Power Research Institute Advisory Group, Japan-based technology company Eco Marine Power (EMP) said.
Ocean Energy Systems (OES), a program within the International Energy Agency (IEA), has published a new guidance paper to respond to the need to have a completely objective evaluation of how ocean energy technology performs against key criteria.
The biggest challenge for the shipping industry will be addressing climate change, the IMO Secretary-General Kitack Lim said in his address earlier today kicking off SMM Digital in Hamburg. Over the next four days, the industry’s most renowned maritime fair is going digital featuring 60 hours of pro
Scottish engineering company QED Naval has revealed plans to establish an operations base in Pembroke Dock in South West Wales, as a result of a fabrication and refit contract with Mainstay Marine Solutions.
Portuguese authorities have joined the Swedish Energy Agency, EIT InnoEnergy and private investors to financially support CorPower Ocean’s flagship HiWave-5 demonstration project in northern Portugal.
U.S. oil major ExxonMobil has created a new business named ExxonMobil Low Carbon Solutions to commercialise its extensive low-carbon technology portfolio.
India’s largest importer of liquefied natural gas Petronet LNG has made the change at the helm of the company.
UK-based company Sustainable Marine Energy has unveiled its new PLAT-I tidal energy platform that will be tested in the Bay of Fundy’s Grand Passage before moving to the Fundy Ocean Research Centre for Energy (FORCE) to form the world’s first floating tidal energy array.
Swedish forest products company SCA revealed plans to invest approximately SEK 460 million (about $54.7 million) in Tunadal port between 2021 and 2024.
French tidal energy developer Sabella has taken over tidal energy assets from GE Renewable Energy which in turn became an equity partner in the company.
The unexpected demand recovery in the container shipping sector driven primarily by the US-based demand surge has seen the charter market depleted of available capacity. Furthermore, the demand upturn has lead to increasing delays and heavy port congestion. impacting schedule reliability. “Labor sho
Greece-based shipowner Capital Product Partners L.P.(CPLP) has decided to acquire three 5,100 TEU sister container vessels from Capital Maritime & Trading Corp.
After many negative comments targeted President Biden’s plan to halt oil and gas leasing, the nominee for the position of energy secretary Jennifer Granholm defended the administration’s push for a clean energy transition.
