X-Press Feeders, operator of the ill-fated containership X-Press Pearl, through the vessel owner’s P&I insurers, has made an initial payment of $3.6 million to the Sri Lankan government to help compensate those affected by the consequences of the fire and sinking of the vessel.
The Biden administration has issued a new executive order tackling the consolidation in the container shipping industry as well as anti-competitive pricing, among others.
Dutch marine transportation services provider Future Proof Shipping has received a recommendation from Central Commission for the Navigation of the Rhine (CCNR) for its inland vessel Mass to use hydrogen as a fuel for propulsion.
Italian oil major Eni has applied to a UK Government tender process for funds for the development of carbon capture and storage projects.
Spain has unveiled plans to develop up to 60MW of marine energy and up to 3GW of floating offshore wind capacity by 2030 in a roadmap released by the country’s Ministry for the Ecological Transition and the Demographic Challenge.
Canadian company Oneka Technologies has closed a Ca$5.5 million ($4.4 million) financing round, bringing in Innovacorp, Baruch Future Ventures and MANN+HUMMEL as its latest partners.
The Fraunhofer Institute for Solar Energy Systems (Fraunhofer ISE) has teamed up with the Brandenburg University of Technology Cottbus-Senftenberg (BTU) and RWE Renewables to test several floating photovoltaic (PV) systems with different structure designs on open waters.
“New technologies for greener shipping” has been chosen as the World Maritime theme for 2022, reflecting the need to support a green transition of the maritime sector into a sustainable future, while leaving no one behind, the International Maritime Organization (IMO) said.
Bermuda and Norway-based shipping firm Avance Gas Holding has signed and completed a $104 million sustainability-linked term facility with a bank syndicate.
UK’s OGA has revealed that the decommissioning cost estimate has fallen to £46 billion (about $63.7 billion), the fourth year-on-year fall.
The U.S. Department of Energy (DOE) has made available up to $27 million in federal funding for research and development projects to convert energy from ocean waves into carbon-free electricity.
The European Marine Energy Centre (EMEC) has, on behalf of Orbital Marine Power, opened up a consultation on the decommissioning programme for the second 2MW floating tidal turbine – the O2.2 – planned for Orkney waters.
Fifteen port authorities, industry groups and environmental organizations have signed a letter calling on the US Congress to include at least $20 billion in any infrastructure deal to support the decarbonization of the shipping industry.
Days after a fire on the ocean surface dubbed the ‘Eye of fire’ in the Gulf of Mexico was put out, Mexico’s national oil company Pemex stated that environmental damage was avoided due to quick action by its workers.
