Japanese shipping company NYK has signed a new agreement with carbon capture, utilization, and sequestration (CCUS) company 1PointFive to purchase carbon dioxide removal (CDR) credits, neutralizing residual emissions and contributing to achieving net-zero by 2050.
Germany’s Rostock Port and Brazil’s Port of Pecém have signed a memorandum of understanding (MoU) to jointly develop a transport corridor through which green energy and green products from Brazil can be imported to Germany and Eastern Europe.
The Maritime Just Transition Task Force (MJTTF) has launched industry-first training frameworks designed to facilitate the development of programs for seafarers working on ships powered by ammonia, methanol, and hydrogen.
U.S.-based e-fuels company HIF Global has selected compatriot electrolyzer manufacturer Electric Hydrogen (EH2) to supply its electrolyzer systems for HIF’s e-fuels facility in Texas.
The Port of Amsterdam, the second largest port in the Netherlands, has launched a Transition Fund to accelerate the shift from fossil to non-fossil cargo handling operations and help companies further reduce their carbon dioxide (CO2) emissions. As disclosed, through the Transition Fund, the goal is
Amid the shipping industry’s growing interest in fuel-neutral technologies, Japanese shipowner Nissen Kaiun has taken a stake in Dutch wind-assisted propulsion system developer Econowind.
The Isle of Man Ship Registry (IOMSR) has become the first flag state to join the Methane Abatement in Maritime Innovation Initiative (MAMII), a cross-sectoral effort aimed at eliminating methane emissions in shipping.
Companies from the United Kingdom (UK) and the United States (U.S.) have signed “major” new deals that are expected to supercharge the expansion of nuclear power stations in both countries. As disclosed by the UK government, the deals between the two nations have been enabled by a new agreement—to b
IMO’s Net-Zero Framework mandates a new fuel standard for ships and a global pricing mechanism for emissions.
Given the accelerated decline in hydrocarbon production rates, a new report from the International Energy Agency (IEA) has warned about the supply risks that output drops carry, as ignoring them has the potential to undermine energy security, market stability, and emissions reduction aspirations, wi
Nexans has started laying high-voltage subsea cable between Italy’s Sicily and Sardinia as part of the western section of the Tyrrhenian Link. The connection between Sicily and Sardinia, approved in September 2023, will stretch for 480 kilometers between the Fiumetorto landing point, Palermo in Sici
The construction of the first of four offshore energy support vessels (OESVs) that Norwegian offshore services provider Sea1 Offshore ordered from China has officially begun. Sea1 Offshore placed the order for the first two OESVs with Chinese shipyard Cosco Shipping in November 2024, with the contra
UK-based classification society Lloyd’s Register (LR) has formed a strategic partnership with H2C, the global attribute market platform for low-carbon fuels, to speed up maritime fuel switching.
Given the ongoing global energy security concerns, Egypt has taken further steps to deepen energy alliances with international players, including Chevron, Hoegh Evi, SLB, and Energean. These and similar undertakings are paving the way to boost exploration, liquefied natural gas (LNG), and sustainabi
