The risk of shippers evading the EU carbon market is minimal, as it would not be cost-effective, a study by Brussels-based environmental NGO Transport and Environment shows. In 2019, the European Union committed in its European Green Deal to extend the European emissions trading system (ETS) to the
UK-based specialist engineering firm Walker Subsea Engineering has been awarded funding to develop a novel offshore renewable energy-powered subsea motor.
Japanese shipping company Mitsui O.S.K. Lines (MOL) has completed a sea trial on one of its operated tugboats using next-generation renewable biodiesel fuel developed by euglena Co. euglena biodiesel fuel is a renewable fuel produced with used cooking oil and Euglena, a type of algae similar to brow
The Greater Victoria Harbour Authority (GVHA) Board of Directors has decided to move forward with the next stage of the shore power project for the Victoria Cruise Terminal at The Breakwater District, British Columbia, Canada.
South Korean majors Hyundai Heavy Industries (HHI), which controls about 10% of the global newbuild market, and container shipping major HMM have committed to utilizing Jotun’s Hull Skating Solutions (HSS) on a series of newbuilds. The HullSkater is a remotely operated robot that stays with the vess
The UK government will end direct support for the fossil fuels energy sector overseas as it works to support the sector’s transition to low-carbon energy.
Grimaldi Euromed, a subsidiary of the Grimaldi Group specializing in the maritime transport of passengers and RORO cargo, has won a €35 million ($42.5 million) loan facility from CaixaBank S.A. The loan is intended to finance the acquisition of a new Roll-on/Roll-off (Ro-Ro) vessel Eco Barcelona. Th
South Carolina Ports has welcomed 15 hybrid rubber-tired gantry cranes intended for its Hugh K. Leatherman Terminal, a new container terminal set for opening in March 2021. The RTG cranes were fabricated by ZPMC and then shipped across the Pacific Ocean and through the Panama Canal before making the
Saga Pure ASA, formerly known as Saga Tankers, has taken a 21.4 % stake in Bergen Carbon Solutions AS (BCS), a company that has developed a technology for converting CO2 to carbon nanofibers. The investment saw Saga Pure commit to subscribe for NOK 30 million ($3.4 million) in a gross NOK 40 million
Japanese shipping heavyweight Mitsui O.S.K. Lines (MOL) has appointed Takeshi Hashimoto as the company’s new Chairman and President. Hashimoto, currently working as Representative Director, Executive Vice President Executive Officer, will take office on April 1, 2021, taking over from Junichiro Iked
The shipping industry has to have an open mind and look at a wide range of solutions to decarbonize, avoiding the risk of focusing on a single pathway, Bud Darr, Executive Vice President, Maritime Policy and Government Affairs of MSC Group, said. Darr was one of the panelists of the Leadership Insig
Oil and gas exploration firm Neptune Energy has announced a feasibility study for a large-scale offshore carbon capture and storage (CCS) project in the Dutch North Sea.
Amazon has signed a ten-year corporate power purchase agreement with Ørsted to offtake the output of 250 MW from Ørsted’s planned 900 MW Borkum Riffgrund 3 offshore wind farm in Germany. This CPPA will contribute to Amazon’s target of being 100 per cent renewable by 2030 as part of the company’s goa
The world is on track to run out of sufficient oil supplies to meet its needs through 2050 unless exploration speeds up, Rystad Energy reveals.
