Battery and energy solutions provider Xalt Energy, part of Germany’s Freudenberg Sealing Technologies, has provided lithium-ion batteries for New Zealand’s first all-electric ferry.
The corona pandemic has further exposed the vulnerabilities of the German and EU shipbuilding sectors, which have already been under massive pressure from the Asian competition. Specifically, German shipbuilders have been predominantly active in the cruise shipbuilding and large yacht building secto
Classification society Bureau Veritas has published an Ammonia-Prepared notation and is developing a Rule Note for ammonia as a marine fuel to support advancement towards a zero-carbon future.
Spirit Energy and Neptune Energy have agreed to partner on the development of the Pegasus West gas discovery in the UK Southern North Sea.
Australia’s largest east coast seaport, Port of Newcastle, has secured A$515 million (approximately $399 million) in sustainability-linked loans. National Australia Bank (NAB), which has led the development of the arrangement, said the loans incentivize the port to hit targets across a range of soci
Ten new companies have joined the AquaVentus offshore wind-to-hydrogen project, including offshore wind developers Ørsted, Equinor, and WindMW, as well as the offshore construction company Royal Boskalis Westminster. The AquaVentus consortium, which is developing a massive project revolving around g
Italy’s Eni and Australia’s Santos have agreed to cooperate on projects in northern Australia and Timor-Leste.
In the first quarter of 2021, high-sulphur fuel oil (HSFO) has been the only bunker fuel to experience year-on-year growth in Singapore, the world’s largest bunkering hub, data from BIMCO shows. HSFO sales are up 47.2% from Q1 2020, reaching 3.1 million tonnes. This is, however, still less than a th
In this week’s edition of our In Focus article, we take a deep dive into the most relevant developments from the energy world targeting emission cuts. In the Fossil Fuels market, oil and gas company Lundin Energy sold what has been described as the world’s first-ever certified carbon neutrally produ
With the global installed offshore wind capacity expected to exceed 250 GW by 2030, the combined capital and operational expenditure (capex and opex) for the decade is set to reach $810 billion (approx. €670.2 billion), signaling an increasing shift of investments from oil and gas to renewable energ
SolarDuck, a Dutch renewable energy start-up, has launched its first floating solar energy project at IJzendoorn in the Netherlands.
Ships with scrubbers will emit at least 10 gigatonnes (Gt) of scrubber washwater each year absent additional regulations, the International Council on Clean Transportation (ICCT) said in a report. As disclosed, the entire shipping sector carries about 11 Gt of cargo each year. Nearly all of the wash
Cargotec has committed to reducing the CO2 emissions of its value chain by 1 million tons by 2024.
U.S. fuel cells and advanced energy systems company Advent Technologies has become a member of the Fuel Cell and Hydrogen Energy Association (FCHEA).
