South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has signed a Letter of Intent (LoI) to build 10 LNG-powered very large crude carriers (VLCCs) for an undisclosed European client, Business Korea reported citing the shipyard. If the contract for the ten 300,000-ton dual fuel VL
Norwegian fertilizer company Yara International ASA is planning to produce green ammonia, powering emission-free shipping fuels and decarbonized food solutions. Against this backdrop, Yara will fully electrify its ammonia plant in Porsgrunn, Norway with the potential to cut 800,000 tonnes of CO2 per
Vietnam-based Song Cam Shipyard launched the world’s first fully-electric ship-handling tug of 70 tonnes bollard pull, the Damen RSD-E Tug 2513, on December 4. Damen is building the vessel in support of New Zealand’s Ports of Auckland ambitious sustainability targets. Specifically, Ports of Auckland
Norwegian energy major Equinor and German utility RWE have joined the NortH2 green hydrogen project in the Netherlands. NortH2 aims to produce green hydrogen using electricity from about 4 GW of offshore wind off the coast of the Netherlands by 2030, and 10+ GW by 2040. The project was launched in F
Japan is planning to introduce ammonia as fuel into the shipping industry and make it commercially available in the late 2020s as part of its efforts to go carbon-neutral by 2050. The solution was examined at today’s meeting of the fuel ammonia council, which was established back in October. The cou
Australian company Transborders Energy has lined up the country’s national science agency and Japanese firms to work on a plan to capture carbon dioxide, liquefy it, and transport to a site offshore Australia to be injected under the seabed.
The Danish Parliament has announced that it will cancel all future licensing rounds for new oil and gas exploration and production permits in the Danish part of the North Sea and end existing production by 2050.
The UK Crown Estate has set a target to become a net zero carbon business by 2030 and outlined its commitments to reach this goal, which include optimising the green energy potential of the UK’s offshore renewable energy resources. The move has come as the Crown Estate wants to align with the 1.5°C
Lack of sufficient recycling capability among shipyards included in the EU list to dismantle large ships remains an issue, according to BIMCO, despite the EU’s efforts to expand the list of approved yards. The EU Ship Recycling Regulation requires all large sea-going vessels sailing under an EU memb
Eni has entered into agreements with Equinor and SSE Renewables to acquire 10 per cent stake in Dogger Bank A and B from each, which will lead to a shareholding setup of SSE and Equinor each owning 40 per cent and Eni holding 20 per cent in the first two phases of what will become […]
Fourteen nations represented on the High-level Panel for a Sustainable Ocean Economy (Ocean Panel) and accounting for 30% of the world’s oceans through their exclusive economic zones have committed to the sustainable management of the ocean. The nations led by Norway, include Australia, Canada, Fiji
Chevron revealed a 2021 organic capital and exploratory spending program of $14 billion and lowered its longer-term guidance.
Global Wind Organisation (GWO) and RenewableUK are launching a new programme to support the transition of skilled workers from sectors such as oil & gas into renewables. In April 2021, the two organisations will launch GWO Safety Training Access Programme, which will allow workers from other sectors
Some 47% of all newly built dry bulkers delivered in 2020 are fitted with exhaust gas cleaning systems, known as scrubbers, data from BIMCO shows. Interest in scrubbers peaked in 2018 and 2019 ahead of the implementation of the IMO 2020 sulphur cap that entered into force in January 2020. Bulk carri
