Japanese majors NYK Line, Nihon Shipyard, and ClassNK have signed an MOU with Norwegian chemical company Yara International to study the practical application of an ammonia-fueled ammonia gas carrier (AFAGC) that uses ammonia as its main fuel. The project is part of joint R&D for the practical appli
Austrian oil and gas company OMV has named a new CEO of the company as its current boss is set to resign from the role.
China Merchants Jinling Shipyard (Weihai) has cut the steel of the MS Finnsirius, the first of two new Finnlines’ Superstar Ro-Pax vessels. MS Finnsirius is a part of Finnlines’ EUR 500 million newbuilding programme which includes two eco-sustainable ro-pax vessels as well as three hybrid ro-ro vess
Swire Shipping plans to sign the building contract for the first pilot vessel of the Project Cerulean by the end of June 2021. The project, announced two years ago, aims to develop low-carbon, low-cost sail-assisted inter-island cargo vessels to serve communities in the Pacific that lack cargo handl
A plan to accelerate the decarbonisation of oil & gas assets through a 200-turbine floating wind and hydrogen development has been revealed.
Engine manufacturer MAN Energy Solutions is confident that it would meet its target of developing a commercially viable, ammonia-powered marine engine by 2024. The engine would be intended for large, ocean-going containerships
National Subsea Research Initiative (NSRI) is set to be incorporated into Subsea UK as part of an on-going transition towards the establishment of a Global Underwater Hub.
ZeroLab, Torvald Klaveness’ subsidiary dedicated to the decarbonization of seaborne supply chains, has partnered with Dutch company GoodShipping, to offer all charterers the opportunity to compensate for their shipping-related emissions through insetting.
Ørsted and HOFOR (Greater Copenhagen Utility) entered into an agreement that will secure green power for part of the potential 1.3 GW Green Fuels for Denmark project to produce sustainable fuels in the Greater Copenhagen area. As part of the agreement, Ørsted and HOFOR will work towards enabling Ørs
A historic ruling has shaken the energy market this week after a Dutch court ordered oil major Shell to reduce its carbon emissions by 45 per cent by 2030 compared with 2019 levels. The decision was delivered in connection with a climate change case filed against Shell in 2019 by Dutch environmental
There needs to be a greater sense of urgency among global governments in relation to the adoption of policies that would accelerate decarbonization in the shipping sector, the head of the world’s largest container shipping company believes. “Business is ahead of governments on this agenda,” Soren Sk
The shipping industry must reach zero emissions by 2050, and to get there zero-emission ships must become the dominant and competitive choice by 2030, an op-ed signed by big industry names insists. This means that the International Maritime Organization (IMO) would need to step up and revise its dec
French energy major Total has moved forward with its transformation plans into a broad energy company and changed its name.
Seabed seismic player Magseis Fairfield has completed the acquisition of its 100th Ocean Bottom Node (OBN) survey, having performed the most recent one as the first carbon neutral seismic survey. The OBN survey for BP over various assets in the US Gulf of Mexico was announced in December last year a
