Stakeholders in the shipping industry have collaboratively addressed the paramount safety challenges and best practices essential for integrating ammonia as an alternative marine fuel. Specifically, the stakeholders called for safe ammonia use during an event held on October 4, 2023, in Copenhagen,
Thailand-headquartered subsea services provider Mermaid Maritime has secured multiple new contracts with a combined value of approximately $485 million. Mermaid Maritime reported that its subsidiaries had secured multiple new offshore project awards in Thailand, the Middle East, Western Sub Sahara,
Logistics provider DP World and Indonesian conglomerate Maspion Group have started construction of a new container terminal in Gresik, East Java
In the ever-evolving landscape of marine fuels, liquefied natural gas (LNG) is firmly holding its position as a formidable choice for the decarbonization of ships despite a recent uptick in the popularity of methanol. According to the data from a two-month special report from DNV – Maritime’s Altern
MW Energy, a joint venture between Abu Dhabi Future Energy Company (Masdar) and W Solar Investment, has signed an agreement with Tajikistan’s Ministry of Energy and Water Resources (MOEWR) to explore at least 500MW capacity of clean energy projects, including floating solar power,
The Poseidon Principles have updated their global framework for assessing and reporting financial institutions’ shipping portfolios’ alignment with climate goals to the IMO’s revised GHG strategy adopted in July 2023. Pioneered in 2019 by Citi, Societe Generale, and DNB with the support of the Globa
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.
Italian oil and gas giant Eni has made a new gas discovery in the Kutei Basin offshore Indonesia, which comes with the potential to contribute substantially to the creation of a new production hub in the northern part of the basin.
Although achieving the current net-zero targets is still possible due to the fast-paced development of clean energy technologies, experts believe that we need to make moves that are more strategic.
NKT and Walsin Lihwa have held a groundbreaking ceremony for the Kaohsiung Submarine Cable Factory, the first subsea power cable factory in Taiwan, expected to be fully operational in 2027. In February of this year, the Denmark- and Taiwan-based companies announced that they were forming a joint ven
While the push for eco-friendly shipping is commendable, it comes with a hefty price tag, potentially affecting small island developing states (SIDS) and least developed countries (LDCs) that rely heavily on maritime transport. According to a recent UNCTAD report, the transition to decarbonized ship
UAE’s Masdar has signed the agreement with PLN Nusantara Power (PLN NP) for a 500MW expansion of Cirata floating solar plant in Indonesia – which is set to become the largest floating solar plant in the Association of Southeast Asian Nations (ASEAN).
