Seaborne trade has witnessed a notable uptick in 2023, registering a 3% increase to a $12.4 billion, according to data from Clarksons Research. The global maritime landscape further unveils a 3% growth in the world fleet, reaching an 2.3 billion deadweight tons (dwt). Despite this expansion, the new
The maritime industry stands at the nexus of geopolitical intricacies, grappling with unprecedented challenges that demand astute navigation and strategic foresight. The latest attacks in the Red Sea against merchant ships come on the back of a series of black swan events, each more intricate and ch
The Port of Virginia has become the first US East Coast port powered by 100 percent clean energy, achieving its clean energy goal eight years ahead of schedule.
Japanese shipping company Mitsui O.S.K. Lines, Ltd. (MOL) has signed a time charter contract for the ammonia carrier Green Pioneer with Yara Clean Ammonia Switzerland, a group company of Yara International ASA, the world’s largest nitrogen fertilizer manufacturer. The 2010-built vessel was delivered
PTTEP is ready to pool resources with Japan’s Inpex to undertake a study on carbon storage potential in the Northern Gulf of Thailand.
Should the world aim for a balancing act to satisfy both energy security and green future aspirations or pick just one?
PSA Mumbai, part of the international port operating group PSA, has achieved a major milestone in its emissions reduction journey by becoming India’s first 100% renewable powered container terminal on the commissioning of its 7.8MW solar farm with O2 Power.
Elmed, set to become the first direct current (DC) connection between Europe and North Africa, has secured €45 million in funding from the European Investment Bank (EIB). The €921 million project concerns the implementation of an HVDC link interconnecting Tunisia and Italy across the Strait of Sicil
The Port of Trelleborg has inked a deal with German wind power company ENERCON for the construction of two 120-meter-high wind turbines. This move aligns with the port’s ambitious plan to become a major energy hub, ensuring self-sufficiency in energy production for its future needs, including shore
Tidal energy has the potential to provide 11.5 GW to the UK energy system, 11% of the UK’s electricity demand, and tidal stream projects could contribute up to £17 billion to the UK economy by 2050, according to Offshore Renewable Energy (ORE) Catapult and Imperial College London (ICL). In 2022, ORE
For the past month, Color Line’s two passenger ferries, linking Denmark and Norway, have been fueled exclusively with B100 biofuel, supplied and managed by marine fuel supplier Bunker One. Bunker One has supplied B100 biofuel to Color Line’s SuperSpeed 1 and 2 ferries travelling between Hirtshals in
Türkiye is taking steps to scale up its natural gas storage capacity and slash greenhouse gas emissions with renewables.
Swedish-Israeli wave energy developer Eco Wave Power has commenced sending clean electricity from its EWP-EDF One project to the Israeli National Electrical grid. Eco Wave Power has recently finalized the construction of the EWP-EDF One project in the Port of Jaffa which has a 100 KW installed capac
The renewal of the global shipping fleet made a significant stride in 2023, with a total of 539 ships, equivalent to 45% of all newbuild orders placed last year by gross tonnage, being capable of running on alternative fuels, Clarksons Research said. “2023 was a hugely significant year in the shippi
