Yara Marine Technologies, a Norway-based provider of exhaust gas cleaning systems, has selected Phoenician Energy’s aluminum-air batteries as the winner of its corporate accelerator program, Yara Marine X. Yara Marine X was launched in September as a startup competition aiming to provide a home for
Despite a massive drop in premium earnings for ships fitted with scrubbers during 2020, the scope for scrubber cancellations has been limited due to contractual obligations with shipyards and scrubber manufacturers, Gibson Shipbrokers said in its latest weekly report. This might come as a bit surpri
Russian Shipbuilding Complex Zvezda has cut steel for the third MR-type product carrier operating on LNG as marine fuel ordered by the compatriot shipping major Sovcomflot in 2019. The 1B-ice class tanker will have a deadweight of about 50,000 tonnes, length of over 180 meters, width of over 32 mete
French energy giant Total has decided to withdraw from the American Petroleum Institute (API) following a detailed analysis of API’s climate positions.
Four companies Air Liquide, Air Products, ExxonMobil and Shell have registered for a total of €2 billion from the sustainable energy transition subsidy scheme (SDE++) as part of the Porthos project for CO2 capture and storage in Rotterdam. Port of Rotterdam CO₂ Transport Hub and Offshore Storage (Po
Floating Power Plant (FPP) and partners Lundin Energy Norway, NOV-APL, Semco Maritime, Cefront Technologies and Aalborg University have completed a project aimed at using floating wind and wave power to support an offshore oil and gas facility. According to FPP, the project shows that using renewabl
Chevron has made an investment in Blue Planet, a startup that manufactures and develops carbonate aggregates and carbon capture technology.
As the first in the international shipping industry, Norway’s Odfjell SE has successfully issued a sustainability-linked bond.
American Bureau of Shipping (ABS) has joined the International Windship Association (IWSA), the not-for-profit organisation that promotes and helps facilitate the uptake of direct wind propulsion solutions for commercial shipping. The move is being announced as ABS increases its involvement with win
In order to remain the world’s top bunkering hub, the Port of Singapore needs to look beyond liquefied natural gas (LNG), toward other zero or low carbon fuel types.
As the urgency for the shipping industry to transition toward greener operations heightens, there is no room for complacency and waiting for a perfect solution, according to the CEO of United European Car Carriers (UECC), Glenn Edvardsen. “A lot has happened with sustainability in a little time, but
Lamprell has decided to reorganise into three new business units, Renewables, Digital, and Oil & Gas as part of its efforts to focus on energy transition.
New research has shown that aggregate fossil fuel demand would peak in 2027 with oil peaking in 2029 and gas in 2037, partially due to the impacts of COVID-19.
Decarbonization in the shipping sector is inevitable. However, charting the way forward for the sector seems to be a very complex and demanding task as the industry stakeholders look at how regulations and market-based mechanisms can help the sector transition into a greener future. Regulation will
