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Regulation & Policy

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New company to be created as part of Solstad refinancing
Regulation & Policy

New companies to be created as part of Solstad refinancing

Solstad Shipholding, a subsidiary of Solstad Offshore, has reached an agreement with Aker, via its wholly owned subsidiary Aker Capital, AMSC, DNB Bank and Export Finance Norway (Eksfin) for an overall refinancing solution which will create a robust industrial platform going forward. Solstad has, to

about 2 years ago
DP World
Regulation & Policy

DP World pens 30-year concession to operate Dar Es Salaam Port

Dubai-based port operator DP World has signed a 30-year concession agreement with the Tanzania Ports Authority (TPA) to operate and modernize the multi-purpose Dar es Salaam Port. The concession was awarded with the primary objective of optimizing the port’s operations to improve transport and logis

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about 2 years ago
SABRE
Regulation & Policy

Singapore shortlists six consortia for ammonia project

Six consortia have been shortlisted by the Energy Market Authority (EMA) and Maritime and Port Authority of Singapore (MPA) for Singapore’s ammonia power generation and bunkering project on Jurong Island. The selected proposals will advance to the next stage of development through a closed Request f

about 2 years ago
Illustration/TTI Renewables’ NetBuoy during tank trials (Courtesy of Wave Energy Scotland)
Regulation & Policy

WES boosts 5 projects to design new class of wave energy converters

Wave Energy Scotland (WES) has awarded funding to five wave energy projects as part of its Direct Generation Concept Design Competition, which aims to develop new class of wave energy devices.

about 2 years ago
Euronav
Regulation & Policy

Euronav, Cargill, and Chevron vow to adopt vessel optimization strategies at GMF summit

Industry giants Chevron, Euronav, and Cargill have announced their joint operational efficiency ambition statement as part of the Global Maritime Forum Annual Summit in Athens. Under the ambition, the trio committed to adopt vessel optimization strategies that can decrease annual fuel consumption by

about 2 years ago
Ilmatar secures survey permits for multi-gigawatt wind farm sites offshore Finland
Regulation & Policy

Ilmatar secures survey permits for multi-gigawatt wind farm sites offshore Finland

The Finnish Government has granted survey permits for Ilmatar Offshore’s two new project areas, Bothnia and Bothnia West, in the Finnish Exclusive Economic Zone. Ilmatar Offshore has identified two new areas suitable for offshore wind in the Finnish Exclusive Economic Zone. The project areas are cal

about 2 years ago
An aerial shot of the Morlais site (Courtesy of Menter Mon)
Regulation & Policy

First tidal energy site in Wales gets an official launch

The first minister of Wales Mark Drakeford has officially opened the substation linked to Morlais tidal energy site on Anglesey in Wales.

about 2 years ago
Maersk feeder bunkering with Agility tanker; Image credit Maritime & Port Authority of Singapore
Regulation & Policy

Mittal: Shipowners need to start locking in long-term supply of green fuels

In order to catch up with the ambitions of decarbonization targets for the maritime industry, shipowners are being encouraged to start proactively securing long-term contracts for green fuels from serious players as the availability of these fuels is likely to be restricted amid demand from other se

about 2 years ago
Michael Parker
Regulation & Policy

Parker: Shipping financing will not be the same

Green corridors are likely to transform the realm of shipping finance as the focus shifts from emissions from ships to the entire supply chain, according to Michael Parker, Chairman of the Poseidon Principles. Parker spoke on a panel on Wednesday as part of the launch of Progress Toward Shipping’s 2

about 2 years ago
Canada’s Ksi Lisims LNG submits environmental certificate application
Regulation & Policy

Canada’s Ksi Lisims LNG submits environmental certificate application

Canada’s Ksi Lisims LNG has filed an application to the British Columbia (B.C.) Government for an environmental assessment certificate (EAC) after consultation, studies and analysis designed to identify and mitigate potential effects on a wide range of matters related to the project. The filing is s

about 2 years ago
Urgent action needed to reach 5% zero-emission fuel target by 2030, says new report
Regulation & Policy

Urgent action needed to reach 5% zero-emission fuel target by 2030, says new report

In the race to achieve the 5% target for scalable zero-emission fuel (SZEF) goal by 2030, the global shipping industry has made significant progress over the past year, as revealed in a recent report from UMAS, Getting to Zero Coalition, and Race to Zero. The developments are promising, but as the 2

about 2 years ago
Australian maritime body urges 'shakeup' of oil & gas infrastructure decommissioning policy
Regulation & Policy

Australian maritime body urges ‘shakeup’ of oil & gas infrastructure decommissioning policy

The Maritime Union of Australia (MUA) is urging the Australian government for a major shakeup of government policy and regulation of the dismantling, processing, recycling and disposal of offshore oil and gas infrastructure. MUA, alongside Macquarie University’s Centre for Energy and Natural Resourc

about 2 years ago
Seaturns' wave energy device deployed near Brest (Courtesy of Seaturns/Photo by Stéphane LESBATS/Ifremer)
Regulation & Policy

Seaturns launches wave energy demonstrator offshore France

French energy start-up Seaturns has deployed a scaled wave energy prototype at Ifremer’s sea trials site in Sainte-Anne du Portzic, near Brest.

about 2 years ago
With FID in place, first Dutch CO2 storage project cleared for take-off
Regulation & Policy

With FID in place, first Dutch CO2 storage project cleared for take-off

The final investment decision (FID) has been made for the Porthos CO2 storage project – the first such project in the Netherlands, allowing construction to start next year. Porthos, a joint venture of EBN, Gasunie, and the Port of Rotterdam Authority, will provide transport and storage services to s

about 2 years ago