Search results for: GTT group

1063 results

A list of search results

  • HAV Hydrogen and NES test hydrogen fuel cell with maritime control system

    19 October 2023
    Business Developments & Projects, Collaboration, Outlook & Strategy

    Norwegian supplier of hydrogen-based energy systems for vessels HAV Hydrogen and maritime supplier Norwegian Electric Systems (NES), both subsidiaries of HAV Group ASA, have completed a laboratory test of a hydrogen fuel cell in combination with a maritime control system. The scope of the project was to test NES’ proprietary control system and interface with […]

  • Parker: Shipping financing will not be the same

    19 October 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Collaboration, Green Marine, Infrastructure, Innovation, Market Outlooks, Outlook & Strategy, Ports & Logistics, Regulation & Policy, Rules & Regulation, Transition, Vessels

    Green corridors are likely to transform the realm of shipping finance as the focus shifts from emissions from ships to the entire supply chain, according to Michael Parker, Chairman of the Poseidon Principles. Parker spoke on a panel on Wednesday as part of the launch of Progress Toward Shipping’s 2030 Breakthrough report from UMAS, Getting […]

  • Silk Alliance outlines implementation plan for green corridor cluster

    31 October 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Collaboration, Green Marine, Infrastructure, Outlook & Strategy, Ports & Logistics, Regulation & Policy, Transition, Vessels

    Members of ‘The Silk Alliance’ cross-supply chain industry partnership, initiated by the Lloyd’s Register (LR) Maritime Decarbonisation Hub, have issued an open letter to drive actions to accelerate the green corridor cluster in Singapore. The letter outlines an implementation plan with key milestones and actions to achieve before the end of the decade. The aim […]

  • Alliance of CEO Climate Leaders urge world govts to scale up investment in renewable energy ahead of COP28

    24 October 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Collaboration, Green Marine, Market Outlooks, Outlook & Strategy, Regulation & Policy, Transition

    More than a hundred CEOs and senior executives from the Alliance of CEO Climate Leaders, led by Vincent Clerc, Chief executive Officer of A.P. Moller Maersk, have shared an open letter to world leaders ahead of COP28. The quest to cap global temperature rise at 1.5°C faces jeopardy without intensified public-private collaboration for emissions reduction […]

  • bound4blue’s wind-assisted propulsion systems get financial boost

    7 September 2023
    Business & Finance, Business Developments & Projects, Project & Tenders

    Agricultural company Louis Dreyfus Company, French containment specialist GTT and the European Commission have invested in bound4blue’s Series A funding round, becoming shareholders of the company.  

  • GasLog’s entire LNG carrier fleet to sport smart shipping solution

    1 September 2023
    Business Developments & Projects, Equipment, Green Marine, Infrastructure, Technology, Vessels

    GasLog, owner and operator of LNG carriers, has decided to equip its entire fleet with a smart shipping solution from GTT Group brand, Ascenz Marorka. Under the contract with GasLog, Ascenz Marorka will equip the shipowner’s entire fleet of more than 35 LNG carriers with its Smart Shipping solution. The solution is a set of […]

  • Buffeted by market volatility, Shell’s profit slumps but overall performance remains ‘strong’

    2 November 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Market Outlooks, Project & Tenders

    Shell has joined its peers in posting solid operating and financial performance for the third quarter of 2023.

  • CMA CGM assigns $600 million for Port Liberty

    13 October 2023
    Business & Finance, Business Developments & Projects, Green Marine, Infrastructure, Market Outlooks, Outlook & Strategy, Ports & Logistics, Vessels

    French shipping major CMA CGM has revealed the names of its new terminals in the United States as the company embarks upon a $600 million upgrade at “Port Liberty New York” and “Port Liberty Bayonne”. The terminals were acquired by CMA CGM from Global Container Terminals (GCT) in December 2022. The investment will see the […]

  • World’s largest fully electric RoPax ferries to feature DC-Hub solution

    16 October 2023
    Equipment

    Helsinki-headquartered power electronics specialist The Switch has been contracted to deliver its DC power distribution solution, The Switch DC-Hub, and ultra-fast electronic current limiter (ECL) and battery short-circuit limiter (BSCL) protection devices as part of the battery-electric system for the world’s largest fully electric RoPax on order for Argentine ferry operator Buquebus.

  • Report: ExxonMobil selling majority stake in Italy LNG terminal to BlackRock

    4 October 2023
    Business & Finance, Business Developments & Projects, Outlook & Strategy

    U.S. energy major ExxonMobil has chosen compatriot investment company BlackRock as the potential buyer for its majority stake in Italy’s Adriatic liquefied natural gas (LNG) import terminal, according to Reuters. Reportedly, the stake sale drew interest from infrastructure funds and international groups as Italy is expected to increase its LNG imports to partly replace the […]

  • Mittal: Shipowners need to start locking in long-term supply of green fuels

    19 October 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Green Marine, Infrastructure, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition, Vessels

    In order to catch up with the ambitions of decarbonization targets for the maritime industry, shipowners are being encouraged to start proactively securing long-term contracts for green fuels from serious players as the availability of these fuels is likely to be restricted amid demand from other sectors. This call comes amid promising developments in the […]

  • Enbridge CEO calls on Canada to boost support for LNG development

    9 October 2023
    Authorities & Government, Business Developments & Projects, Outlook & Strategy

    Greg Ebel, President and CEO of Canadian pipeline and energy company Enbridge, has urged Canada to show leadership to the world in lowering global emissions, reducing energy poverty and supporting the progress of Indigenous communities in the country. In an address to the Toronto Region Board of Trade, Ebel reportedly stated that climate change is […]

  • TEN welcomes its first LNG-powered Aframax tanker

    6 October 2023
    Business Developments & Projects, Green Marine, Infrastructure, Vessels

    Greek shipping company Tsakos Energy Navigation (TEN) has taken delivery of its first newbuild LNG-powered Aframax tanker. According to TEN, the Njord DF vessel is the first in a series of four high-spec eco-designed vessels built against long-term employment to a major European state-owned oil concern. The company ordered six LNG-powered tankers – four Aframax […]

  • WoodMac: Swift action needed to ratchet up carbon capture and reach net-zero by 2050

    13 October 2023
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Market Outlooks, Outlook & Strategy, Project & Tenders, Transition

    Wood Mackenzie believes that emerging sectors will not be able to usher in a net-zero by 2050 era without CCUS.

  • BP sees sharp drop in profit due to flat gas prices but uplifts renewables pipeline

    31 October 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Market Outlooks, Project & Tenders, Transition

    BP has achieved production growth, a reduction in net debt, and a “robust” operating cash flow, based on its results for 3Q 2023.

  • With oil & gas markets on tenterhooks in the wake of the Israel-Palestine war, is a reinvigorated push for clean energy coming?

    9 October 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Market Outlooks, Project & Tenders, Transition

    While current impacts are bound to be limited, a further spike along with a disruption of oil supplies are believed to be on the cards if Iran joins the fray.

  • Seafarers’ unions strike deal for a 6 pct pay hike

    26 September 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Green Marine, Human Capital, Outlook & Strategy, Regulation & Policy

    Seafarers’ unions and maritime employers have signed a four-year agreement that will see significant wage increases and dozens of workplace protections and improvements for over 250,000 seafarers’ serving on more than 10,000 vessels. The International Bargaining Forum (IBF), the forum that negotiates the world’s largest global collective bargaining agreement, agreed terms for the 2024-2027 IBF […]

  • Hanwha and affiliates to establish clean hydrogen value chain

    25 September 2023
    Business & Finance, Business Developments & Projects, Collaboration, Exploration & Production, Outlook & Strategy, Project & Tenders, Research & Development, Storage, Technology, Vision

    South Korean Hanwha Group has announced the potential creation of a comprehensive clean hydrogen value chain through collaboration with seven of its affiliates, Hanwha Corporation, Hanwha Energy, Hanwha Solutions, Hanwha Aerospace, Hanwha Ocean, Hanwha Impact and Hanwha Power Systems. The hydrogen value chain is expected to use renewable energy and ammonia and encompass clean hydrogen […]

  • AEC: African LNG sector will undergo geographical shift

    4 October 2023
    Business Developments & Projects, Market Outlooks, Outlook & Strategy

    African Energy Chamber (AEC), an energy advocacy group, has released its new quarterly market-focused report, providing outlook and key insight into the continent’s LNG trends and showing that the African gas sector’s center of gravity is undergoing a geographical shift. Over the last few years, the global LNG industry has faced a series of challenges and […]

  • CE Delft: CII could cut EU shipping’s emissions by 30% if enforced correctly

    5 October 2023
    Authorities & Government, Business Developments & Projects, Green Marine, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition, Vessels

    A recent study, titled “CII and EU Maritime Decarbonization,” conducted by the research center CE Delft on behalf of the Environmental Defense Fund Europe, found that if European policymakers required ships to achieve top performance (A, B) in climate label Carbon Intensity Indicator (CII), ships could reduce emissions by up to 23% and as much […]

  • Will a net-zero dash enable the UK to reap more benefits?

    10 October 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Outlook & Strategy, Project & Tenders, Regulation & Policy, Transition

    New poll shows the majority of British people are in favor of hastening the UK’s net-zero aspirations, thus, more green policies are seen as a safe bet for winning incoming elections.

  • TotalEnergies’ energy transition roadmap comes under fire due to oil, gas and LNG ties

    26 September 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Transition

    An analysis of TotalEnergies’ energy production diversification strategy was undertaken by Reclaim Finance.

  • Despite lower profits, European and US oil & gas giants soldier on with ‘solid’ results

    30 October 2023
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Exploration & Production, Project & Tenders, Transition

    TotalEnergies, Eni, ExxonMobil and Chevron have reported strong operating and financial performance in the third quarter of 2023.

  • All energy roads lead to decarbonization with gas as a linchpin of low-carbon transformation

    3 October 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Environment, Exploration & Production, Market Outlooks, Outlook & Strategy, Project & Tenders, Regulation & Policy, Transition

    Despite the growing opposition to fossil fuels, natural gas, primarily LNG, is still the top contender for the transition fuel, which will bridge the gap towards the sought-after low-carbon and green energy future.

  • US five-year offshore oil & gas leasing plan puts Biden between the devil and the deep blue sea

    2 October 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Outlook & Strategy, Project & Tenders, Regulation & Policy, Rules & Regulation, Transition

    Biden administration is stuck between a rock and a hard place while trying to reconcile its climate agenda and offshore wind ambitions with the IRA’s giveaways to the fossil fuels lobby.