The Polish government has allocated more than € 4 billion for offshore wind, port development, and hydrogen production and distribution in its National Reconstruction Plan (KPO). The KPO has been adopted by the Council of Ministers and submitted to the European Commission through which Poland will t
OMV reviews its industry association memberships to see whether they are aligned with the net-zero by 2050 goal.
The subsea industry must act now to capitalize on the energy transition as the road to net zero is already underway and companies need to meet the change of pace required, according to Tom Heggarty, principal analyst in Wood Mackenzie’s Energy Transition Practice. Opportunities include facilitating
German propulsion company Schottel has delivered main propulsion units for a new ferry to Netherlands-based Holland Shipyards Group.
Shipping is one of the few transport modes that does not achieve zero emissions in the Net‐Zero Emissions by 2050 Scenario, released by the International Energy Agency (IEA). The agency ascribed this to a lack of available low‐carbon options on the market and the long lifetime of vessels (typically
Danish shipping companies Evergas and Ultragas have established Dan-Unity CO2, the first shipping company specialized in vessels for the transport of captured CO2 for storage and re-use. The company has set up a partnership with Carbfix, an Icelandic startup specializing in C02 storage. The duo plan
Norwegian tanker owner and operator Frontline has entered into an agreement to acquire six ECO-type VLCC newbuildings through resale. The six VLCCs are currently under construction at the Hyundai Heavy Industries shipyard in South Korea. The VLCCs are being bought for $565.8 million, including an es
X-Press Feeders, the world’s largest independent common carrier, has made an investment in Core-Power, a UK-based development company specializing in scalable atomic power technology for ocean transport and heavy industry.
The International Energy Agency’s (IEA) has announced the world’s first comprehensive study on how to transition to a net-zero energy system by 2050.
Almost 90 per cent of global electricity generation in 2050 could come from renewable energy sources, with solar PV and wind together accounting for nearly 70 per cent, according to International Energy Agency’s new Net Zero 2050 roadmap. The roadmap, published on 18 May, calls for scaling up solar
Swedish company Lean Marine has been contracted to install its propulsion optimization technology across the tanker fleet of Ardmore Shipping Corporation.
Global transport activity will more than double by 2050, and traffic emissions will rise by 16% compared to 2015 – even if existing commitments to decarbonise transport are fully implemented, the International Transport Forum (ITF) predicts. According to ITF Transport Outlook 2021, any currently exp
A global effort to reduce sulfur and greenhouse gas (GHG) emissions from ships has researchers from the US National Renewable Energy Laboratory (NREL) and other Department of Energy facilities investigating the potential use of marine biofuels.
Japanese shipping company Mitsui O.S.K. Lines has decided to re-enter the ammonia transport business after almost five years of being absent from the trade. MOL’s re-entry into the business is being announced on the back of a time-charter contract with Trammo, a US-based merchandising and ammonia tr
