Investment in decarbonization for a shipping company may appear counterintuitive to its profitability due to several factors. Firstly, the upfront costs of transitioning to low-carbon technologies, such as investing in eco-friendly vessels or retrofitting existing ones, can be substantial. These exp
State-owned PLN Indonesia Power (IP) has appointed British tidal energy specialist SBS as its technical advisor for tidal energy projects in Indonesia.
Egypt has made a step towards establishing the country’s first green methanol production project which will include investments of about $450 million and produce 40,000 tons of green methanol per year. The joint development agreement for this project was signed on 14 May by Egypt’s Alexandria Nation
Swiss marine power company WinGD said that its dual-fuel X-DF2.0 engines will power two newly delivered car carriers for Japanese ship owner NYK Line. The LNG-hybrid vessels feature emissions reduction technology, energy management, and digital optimisation solutions with the engine at the heart of
Leaders of 20 Pacific island countries and territories have approved the Global Ocean Energy Alliance (GLOEA), highlighting the implementation of the 1.5MW ocean thermal energy conversion (OTEC) platform being developed for deployment in São Tomé and Príncipe.
Bulkship Management, the Oslo-based ship manager with a specialty in geared vessels, has signed a contract to implement BERG Propulsion’s ‘EPL for EEXI’ power limitation solution across 10 ships trading in US Gulf and Caribbean waters. The Berg Engine Power Limitation (EPL) is intended for ships who
Ships powered by clean ammonia could be deployed on the iron ore trade routes between West Australia and East Asia by 2028 and reach 5% adoption by 2030. These are the findings of a study from the West Australia – East Asia Iron Ore Green Corridor Consortium. The consortium, led by the Global Mariti
Equinor’s Hywind Tampen, the world’s largest floating offshore wind farm in operation, has started delivering electricity to the Snorre oil and gas field in the Norwegian North Sea. The 88 MW Hywind Tampen delivered first power in November 2022. The electricity was delivered to the Gullfaks A platfo
The Philippines and Indonesia, which are home to just under 21% of the world’s crew members, are taking action to support their seafarers in developing modern skill sets as shipping decarbonizes. With 252,392 of the world’s seafarers, 13.3% of global crew members, calling the Philippines home, the c
According to a new study “Global Hydrogen Market Forecast to 2050,” published by Rethink Energy, the energy intelligence arm of Rethink Technology Research, the emergence of a global hydrogen marketplace of about six times the current market size now looks inevitable. In the study, Rethink predicted
An initiative of Germany’s natural gas industry Zukunft Gas, BDEW Federal Association of Energy and Water Industries and the DVGW German Technical and Scientific Association for Gas and Water have presented the “New Gases Transformation Path,” a plan for how the gas industry will become a hydrogen e
Northern Lights, a joint venture (JV) of energy majors Shell, Equinor and TotalEnergies, has signed a deal that paves the way for the acceleration of the development of a commercial market for the transport and storage of CO2. Namely, the JV, which is developing a carbon capture and storage project
Researchers from the University of Évora have found that the installed capacity of floating solar systems in Portugal could exceed the national target for solar energy of 7GW, defined in the country’s National Energy and Climate Plan (PNEC) 2030.
The International Renewable Energy Agency (IRENA) has launched a new initiative, the IRENA NewGen Renewable Energy Accelerator (NewGen), aimed at supporting young entrepreneurs and innovators in driving the renewable energy transition.
