The US, Canada, and Mexico have ‘committed to combatting the climate crisis’ by working together on the development of a clean hydrogen market in North America. At the conclusion of the North American Leaders’ Summit, the countries agreed to work together in six areas, including methane emissions re
Dutch gas shipping company Anthony Veder has committed three LNG carriers to Deutsche ReGas (DRG) for its new floating LNG terminal in Lubmin, Germany. “We are proud that we have been selected by Deutsche ReGas for supporting in their floating LNG terminal,” Jan Valkier, CEO Anthony Veder said. “As
The majority of the newbuilding tonnage ordered in 2022 was alternatively fuelled, according to the data from Clarksons Research. Insights from the shipbroker show that 61% of tonnage ordered last year (35% by number) was alternatively fuelled. Overall, 83.4 million dwt was ordered across vessel sec
So far, global net-zero ambitions have not been supported with an actual plan beyond setting expectations by a certain date and the world cannot solve its environmental and climate change problem without being realistic about the solution, according to Saad Sherida Al-Kaabi, the Minister of State fo
The first of Japan’s two LNG-fueled ferries, the Sunflower Kurenai, owned by Japanese shipping major MOL and operated by its group company Ferry Sunflower Co., has officially entered into service. The ferry launched operation on January 13 between the Osaka-Beppu route, linking Sunflower Ferry Termi
It is just the second week of the new year ahead of us, however, European authorities and industry are not wasting any time on acting upon carbon reduction efforts. This week saw the European Union launch a number of initiatives, making us wonder whether 2023 will be the year of big changes.
While low-carbon investments overtook oil & gas spending for the first time in 2022, this growth is expected to slow in 2023, says Rystad.
Maersk Growth, a venture arm of industry major A. P. Moller – Maersk, has revealed an investment in Berlin-based startup C1 Green Chemicals AG which specializes in the production of green methanol. The company has developed innovative technology enabling the mass production of green methanol without
Dry bulk operator Norvic Shipping has acquired a newbuild dry bulk vessel on a long-term period-charter from Japanese shipowner Fujimaru Kaiun. The new 64,000dwt Ultramax, to be named Norvic Copenhagen, will transport dry cargo for customers around the world following its delivery from Imabari Shipy
The European Commission has given its approval for a €1.1 billion scheme to support the roll-out of carbon capture and storage (CCS) technologies in Denmark. The aid will be awarded through a competitive tendering procedure open to companies active in any industrial sector, including the waste and e
DeepOcean has activated the option to request the installation of a battery hybrid system on board the multi-purpose support vessel (MPSV) Stril Server. DeepOcean is chartering the MPSV from Stavanger-based shipowner Simon Møkster Shipping, who will upgrade the vessel to include battery power notati
Shell lists five trends in its energy outlook for 2023 observed through the prism of energy security, economics and transition to low-carbon.
CNOOC plans to ramp up oil and gas production in 2023 while advancing its transition to low-carbon and renewable energy.
US-based shipowner Eagle Bulk Shipping announced that one of its bulkers has completed a voyage using biofuel. M/V Stamford Eagle, an Ultramax bulk carrier built in 2016, carried out the voyage in cooperation with the global mining and metallurgy group Eramet and its subsidiary Eramet Norway. The sh
