Utilizing nuclear power could become a catalyst for the growth of alternative fuel infrastructure projects and the ship orders to go with it, according to Principal of Sea/Switch Partners and Partner in the ETFMG Breakwave Sea Decarbonization Tech ETF, BSEA, Hal Malone. As explained, shipping decarb
A joint study into ammonia safety onboard ships undertaken by the Lloyd’s Register (LR) Maritime Decarbonisation Hub and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS), has found that a range of mitigation methods, from ship design to crew training and operations, are required
In its new report “Electric Boats & Ships 2024-2044,” technology company IDTechEx has provided granular 20-year forecasts in unit sales, battery demand and battery market value for the electric ferry, electric cargo/container, electric Ro-Ro, electric cruise, electric OSV, electric tugboat and elect
Vietnam’s T&T Group and Korean companies Korea Gas Corporation (KOGAS) and SK Group have signed and awarded a Memorandum of Understanding (MoU) to cooperate on developing LNG and hydrogen projects in Vietnam. Specifically, T&T Group said that, together with KOGAS, it will work on developing LNG gas
The European Union (EU) has put forward an ambitious proposal to achieve net-zero emissions in the shipping sector by 2050. On 21 June 2023, the EU Delegation to the UN, together with Denmark, Palau and Samoa, and with the participation of Special Adviser to the UN Secretary-General and ASG of the C
The JV has inked a MultiClient reprocessing agreement to expand MultiClient 3D coverage in the prospective Sarawak province off Malaysia.
H-Line Shipping, a ship owner based in South Korea, has selected SN Corporation in Chittagong, Bangladesh, for its first green recycling initiative. “The pioneering steps taken by H-LINE Shipping and their confidence in choosing HKC-compliant facilities in Bangladesh will undoubtedly inspire other p
Borr Drilling has secured a contract extension for one of its jack-ups, which will enable the rig to continue its assignment off Thailand.
In the first volume of the World Energy Transitions Outlook (WETO) 2023, the International Renewable Energy Agency (IRENA) calls for annual renewable power additions of 1,000 GW by 2030 to keep the 1.5°C climate target within reach. More specifically, IRENA identifies the way forward to immediately
The UN’s 193 member states adopted a legally binding marine biodiversity agreement on Monday following nearly two decades of negotiations over forging a common wave of conservation and sustainability in the high seas beyond national boundaries – covering two thirds of the planet’s oceans. It forms t
According to the “Stick or twist: Should gas resource holders target LNG exports or blue ammonia?” report by energy intelligence group Wood Mackenzie (WoodMac), the acceleration of the energy transition means gas resource holders increasingly face a choice to either follow the established pathway an
The International Energy Agency (IEA) believes that growth in global oil demand is projected to slow down to a crawl by 2028.
