US-based ammonia power solutions company Amogy Inc. today announced its $139 million Series B-1 fundraising. The round was led by SK Innovation, joined by other global investors including Temasek, Korea Zinc, Aramco Ventures, AP Ventures, MOL PLUS, Yanmar Ventures, Zeon Ventures, and DCVC. The start
UK-based shipping company Carisbrooke Shipping has partnered up with Grafmarine, a compatriot manufacturer of modular clean energy generation, storage, and power management solutions, to pilot solar energy cells on a Carisbrooke vessel. Grafmarine’s NanoDeck AI Solar tile management solution is a mo
Welsh First Minister Mark Drakeford has announced £750,000 (€850,000) for research projects focusing on deployment of tidal lagoon technology as part of Tidal Lagoon Challenge.
Wreckdock, a Jubail-based offshore vessel recycling company, has revealed plans to develop a safe and sustainable facility in Saudi Arabia for the circular demolition of vessels. The company plans to build four drydocks from 350 meters to 500 meters long with eight quays equipped with heavy-duty cra
Shell has revealed two energy security scenarios, exploring how the world could evolve and looking into the possible energy and climate outcomes that could come to pass in a world that has security in all its shapes and forms as a prevailing concern.
Maersk, the Danish container shipping major, has announced the design details of its first methanol-powered vessel. The company shared photos of the vessel’s design on its social media channels, showing off the feeder vessel from multiple angles. This is a significant milestone for the company and t
Guangzhou Shipbuilding International Co., a subsidiary of China State Shipbuilding Corporation (CSSC), has secured a contract for the construction of three dual-fuel vehicle carriers continuing its winning streak in the sector. The order involves the construction of three 8,600 CEU pure car truck ca
Canada’s Chamber of Commerce (CMC), representing over 100 Canadian & U.S. ports, shipowners, and other marine transportation companies operating in the Great Lakes-St., has unveiled its 2023 wish list to legislators and policymakers targeting the creation of a “green corridor” in the Great Lakes–St
Scottish company Nova Innovation has installed its tidal energy turbine at the Étel Estuary, bringing its turbines to France for the first time.
As it is estimated that investments amounting to a whopping $10 trillion are needed for the U.S. to reach its net-zero by 2050 goal, Wood Mackenzie, an energy intelligence group, looks into four technology pillars that would enable the U.S. to reap the benefits of the provisions within the Inflation
A collaborative project dubbed OPTILE has been launched in France with the aim of decarbonizing the supply of electricity to island grids using offshore renewable energy.
Cochin Shipyard Limited (CSL), India’s top shipbuilder, has won a contract from Dutch logistics company Samskip for the design and construction of two zero-emission feeder container vessels. The project, which includes an option for two more vessels, represents one of the world’s first zero-emission
A.P. Moller – Maersk (Maersk) has reached an agreement with A.P. Moller Holding, the parent company of the A.P. Moller Group, to divest Maersk Supply Service (MSS), specializing in the provision of global offshore marine services and project solutions for the energy sector. The move is part of Maers
A Subsea7 pipelay vessel has begun pipe spooling for the Northern Lights carbon capture and storage (CCS) project being developed in Norway. The vessel Seven Oceans arrived at Subsea7’s Vigra Spoolbase in Norway to spool the first section of the 100-kilometer pipeline that will run from Øygarden to
