ElbOil has signed a memorandum of understanding (MoU) with Shandong Shunli Hydrogen Energy Technology, a subsidiary of Henan Shuncheng Group, and Shanghai Wenji Biotechnology, which is responsible for domestic trade procedures, to support the future production and distribution of green methanol.
European, Chinese and South Korean financiers have over half of their portfolio tied to oil and gas carriers that are most at risk of becoming stranded assets in the global rush to shift to a low-carbon energy system, a new report by UCL’s Energy Institute Shipping and Oceans Research Group suggests
UK’s national innovation agency Innovate UK has awarded a £750,000 (approximately €861,630) grant to a Wiltshire-based company to help advance the technology readiness and performance of its ‘sea snake’ wave energy converter (WEC) and pave the way for future sea trials at the Welsh Marine Energy Tes
Jan De Nul has launched its first XL cable-laying vessel (CLV), Fleeming Jenkin, with the final vessel construction phase now starting, including sea trials. Jan De Nul announced in October 2023 that it had placed an order for Fleeming Jenkin at China’s CMHI Haimen shipyard, followed by an order for
The German International Cooperation Society (GIZ) has signed a PPP agreement with Neuman & Esser South East Asia (NEA SEA) and French HDF Energy to decarbonize Indonesia’s inter-island ferries to further scale the development of the country’s green hydrogen ecosystem.
Swedish tidal energy developer Minesto has taken part in a high-level delegation visit to South Korea, a country that the company finds highly attractive due to its “extensive tidal and ocean current resources”. Minesto CEO Martin Edlund was part of a Swedish high-level delegation to South Korea aim
The cruise division of the Switzerland-based shipping heavyweight Mediterranean Shipping Company (MSC) has marked another decarbonization target as complete, having connected two of its vessels to shore power in Valetta, Malta. According to the company’s officials, the MSC World Europa—the maritime
A coalition of businesses has formed the UK Ammonia Alliance (UKAA) to drive adoption of low-carbon ammonia across industry, energy, agriculture, and transport to support the UK’s energy security, decarbonization, and economic growth.
The Los Angeles–Long Beach–Shanghai green shipping corridor, a “first-of-its-kind” initiative connecting ports between California and China, has achieved new milestones. As disclosed, the green shipping corridor, which is facilitated by C40 cities (a global network of mayors working to tackle the cl
Maritime officials in Ecuador have reached an agreement concerning a national information network aimed at connecting ports, vessel operators and environmental authorities to help address the rising issue(s) of biofouling. The development is reportedly one of a set of ‘vital’ outcomes that stemmed f
Dry bulk cargo carrier ESL Shipping has received approval from the Science Based Targets initiative (SBTi) for its near and long-term emission reduction targets.
The UK-based classification society Lloyd’s Register (LR) has issued new guidance aimed at offering the maritime industry its “first” roadmap for nuclear-powered shipping. Dubbed the “Navigating Nuclear Energy in Maritime”, the document reportedly offers a pathway for the “safe and responsible” use
Twenty green fuel producers have called on delegates of the International Maritime Organization (IMO) to seize a ‘once-in-a-generation’ opportunity to set shipping on a sustainable pathway.
Norway’s Reach Subsea has secured a trading permit to operate its Reach Remote 1 uncrewed surface vessel (USV) entirely through remote operations without a support vessel, marking an important step towards full certification. The permit, issued by the Norwegian Maritime Authorities with technical va
