Hong Kong-based dry bulk shipping company Pacific Basin Shipping Limited has pledged to offset all carbon emissions from its global shore-side operations starting in 2020. These will include all office activities, commuting and business and crew travel. To this end, Pacific Basin has partnered with
The Methanol Institute is urging the maritime community to mitigate pollution and emissions risk in Polar regions by adopting methanol as marine fuel, and applying bunkering guidelines developed by the European Committee for Standardisation (CEN). The call is being issued on the back of IMO’s meetin
Soren Toft started his new role as Chief Executive Officer of Mediterranean Shipping Company (MSC), the world’s second-largest container shipping firm, on December 2, 2020. He reports directly to Diego Aponte, MSC Group President, and Gianluigi Aponte, Founder and MSC Group Chairman. In his role as
TechnipFMC and Bombora Wave Power have entered into a partnership to develop a floating offshore energy platform, integrating wind with the mWave wave energy technology.
Tractebel Overdick has developed a new floating wind foundation concept for 15+ MW wind turbines with a “hydrogen ready” option, and an offshore hydrogen production platform which can utilise the potential of large-scale offshore wind farms at an industrial scale of up to 800 MW. The new floater des
Italian cabling giant Prysmian has announced plans to accelerate the race to net-zero CO2 emission during its recent “Sustainability Day”. Its project aims to set science-based carbon reduction targets for the Prysmian Group, and will consider both Scope 1&2 (own organization) and Scope 3 (value cha
ZeroNorth, a digital spin-off from Maersk Tankers, and maritime software developer Veson Nautical have entered into a strategic product partnership. The agreement will allow ZeroNorth’s vessel optimisation software, Optimise, to integrate with the Veson IMOS Platform (VIP), a solution for commercial
What will become of oil and gas exploration efforts in the near- and longer-term following a drastic decrease in the level of oil and gas investments?
Alternative fuels are gaining traction in the maritime industry amid growing regulatory pressure and currently, they account for 3.5% of the fleet, and 27% of the order book by tonnage, data from Clarksons Research shows.
Canada-based Waterfront Shipping Company (WFS), a wholly-owned subsidiary of Methanex Corporation, has placed an order for eight new methanol dual-fuel vessels with South Korean shipbuilder Hyundai Mipo Dockyard. The vessels will add to WFS’s existing fleet of 11 methanol-fuelled ships, which have b
Australian energy major Santos has announced its new ambitious emissions reduction targets which will culminate in reaching net-zero by 2040.
Denmark’s fully-developed energy island in the North Sea could provide enough green fuel to supply all ships and aircraft refueling in Denmark, a study by the country’s Ministry of Climate, Energy and Public Utilities shows. As reported earlier, Denmark plans to develop two energy islands, one in th
There is little doubt that the past few years have witnessed the rise of energy-related collaborations to an extent never seen before. This is because cross-industry collaborations seem to be crucial for companies to ride the energy transition train which is indeed moving very fast.
Japanese shipping major Mitsui O.S.K. Lines (MOL) has joined a corporate-academic partnership in a zero-emission initiative called the Wind Hunter Project, seeking new applications for hydrogen fuel and wind power. The project intends to use its rigid, collapsible sail technology developed under the
