Swedish Port of Kapellskär, together with Finnish Port of Naantali, has been granted EU funding to reduce, among other things, air pollutant emissions from shipping.
In September, China’s President Xi Jinping pledged before the UN General Assembly to make China carbon neutral by 2060. This is a bold goal for the world’s largest polluter at a time when the nation is planning to develop nearly 150 gigawatts worth of coal power plants. The momentum is building for
Danish investment entity Innovation Fund Denmark has announced the establishment of a consortium to develop a two-stroke, ammonia-fuelled engine for maritime shipping. It aims to specify and demonstrate an entire, marine-propulsion system that will pave the way for the first commercial order for an
Japan’s LNG bunkering vessel Kaguya carried out its first ship-to-ship LNG fuel supply on October 20 marking the start of LNG bunkering business in the Chubu region. The bunkering operation comes on the back of the vessel’s naming ceremony held back in September. The 3,500-cbm vessel is owned by Cen
Extinction Rebellion activists have dumped manure in front of BP’s offices in Aberdeen as part of its protest against the fossil fuels industry.
Belgian tanker giant Euronav has secured a $713 million loan facility from Norwegian finance provider Nordea. The facility comprises a revolving credit facility of up to $469 million and a term loan of up to $244 million. The loan facility was signed on September 11, 2020 with the first drawdown on
Equinor is pushing forward with the development of the Northern Lights, a carbon capture and storage project in Norway.
Greek TSO ADMIE recently held the inaugural ceremony of the electrical interconnection of Greek island Naxos in the high voltage system, marking the completion of the second Phase of the Cyclades Interconnection project. The Phase B of the Cyclades interconnection includes the installation of submar
Norwegian shipping company Saga Tankers has moved into the renewable energy sector with a new investment into a hydrogen fuel company. As part of the renewable energy strategy, the company will divest non-core assets and change its name to Saga Pure ASA. The company has appointed Bjørn Simonsen as C
Swedish tanker shipping company Stena Bulk has joined forces with the voluntary energy group Oil and Gas Climate Initiative (OGCI) in a feasibility study on carbon capture onboard ships while at sea. OGCI said the project was in part an extension to OGCI member Aramco’s work on demonstrating carbon
Hong Kong-based containership operator Seaspan Corporation has closed a $200 million sustainability-linked loan inspired by the Poseidon Principles framework. The voluntary framework developed by the banking sector aims to accelerate the implementation of the shipping sector’s green agenda in line w
Singaporean-based tonnage provider Eastern Pacific Shipping (EPS) has hired GoodFuels to supply biofuel bunkers for one of its MR tankers. The company bunkered its 2010-built 47,377 deadweight tonne MR tanker M/T Pacific Beryl. with the residual-fuel equivalent Bio-Fuel Oil on October 9 in Dutch wat
Stockholm-based Royal Institute of Technology (KTH), one of the partners in the Oceanbird development project, has tested the seven-meter long Oceanbird model with one wing on deck, in open water. The wing sails are an essential part of the ship design, a wind-powered Pure Car and Truck Carrier (PCT
Market research provider and consultancy Westwood Global Energy Group has filled a newly-created role of head of energy transition.
