Singapore-based Ocean Network Express (ONE) has decided to install two containerized wind assist units on one of their operated container feeder ships before the end of 2023. The 143m, 1036 TEU capacity Kalamazoo is owned by Singapore-based Norse and the wind assist systems will be supplied by the N
Malaysian shipping company MISC Berhad (MISC) has entered into a $527 million sustainability-linked loan for the financing of six very large ethane carriers (VLECs). MISC said that the loan was signed through the company’s Singapore-based subsidiaries and that Standard Chartered acted as structuring
South Korean shipping major HMM plans to conduct field tests of an onboard carbon capture system (OCCS) for containerships along with Samsung Heavy Industries (SHI) and PANASIA in the second half of this year. OCCS is an advanced technology to capture CO2 from greenhouse gas emissions generated duri
Marine Renewables Canada and the UK Marine Energy Council have entered into an agreement to share knowledge and support development of the marine renewable energy industry.
Oriana Power has completed the installation of 1MWp floating solar power plant in northern India, which is said to be the first of its kind in the state of Rajasthan.
Japanese shipping firm Asahi Tanker Co. has taken delivery of the world’s second pure battery tanker, named the Akari. The vessel completed its historic first bunkering operation in Kawasaki on April 14, supplying the MOL-operated iron ore career UNTA. The vessel was built by Imura Shipbuilding and
The European Parliament formally approved on Tuesday the new EU Emissions Trading System (ETS) law, earmarking around EUR 2 billion of the revenues of the Innovation Fund for the maritime sector. European Community Shipowners Association (ECSA) welcomed the move, saying that the deal will mark a tur
Swedish-Israeli wave energy company Eco Wave Power has set out plans to open a subsidiary in the United States, under the name Eco Wave Power US.
Shandong Shipping, the third largest shipowner in China, has made a major investment in newbuild vessels by ordering twelve 82,000 dwt Kamsarmaxes at Jiangsu New Hantong Ship Heavy Industry. The deal marks the largest newbuild order ever made by Shandong Shipping. The company said that it has signed
An international tender for a pre-feasibility study for the Nordic-Baltic Hydrogen Corridor, a cross-border hydrogen project being developed by six European Union (EU) countries, has been launched. Lithuanian gas transmission system operator (TSOs) Amber Grid launched the tender on behalf of its pro
Offshore drilling contractor Valaris has set a carbon emissions reduction target to reduce its Scope 1 emissions by 2030.
Renewable energy company Sun Cable has signed a Letter of Intent (LoI) with an Australian critical minerals company for the potential offtake of renewable electricity from the planned Australia-Asia PowerLink (AAPowerLink) project. Under the one-year non-binding LoI, Sun Cable will progress commerci
UK-based company Global OTEC has secured a certificate of approval for a cold-water riser installation for its first commercial-scale ocean thermal energy conversion (OTEC) platform.
North American FortisBC Energy and FortisBC have received approval from the British Columbia Utilities Commission to invest more than $155 million into conservation and energy efficiency programmes in 2023. According to FortisBC, the majority of the funds, $141 million, are earmarked to support gas
