Global energy-related CO2 emissions can be reduced by 70% by 2050 and completely phased-out by 2060 with a net positive economic outlook, IRENA said in a new report.
Tidal Energy Today has compiled the top news from tidal and wave energy industry from March 13 – 19, 2017.
There are numerous risks of technical nature not being considered when opting to construct the ever bigger containerships that are being overshadowed by the luring economies of scale, the Nordic Association of Marine Insurers (Cefor) warns. According to the association, apart from the commercial cha
German shipping major Hapag-Lloyd and Dubai-based United Arab Shipping Company (UASC) have decided to delay the finalization of their agreement by two months, until the end of May, as the final preparations are taking “more time than expected.” Namely, the companies said that they agreed to shift th
The Annex IV project gathered a set of experts to discuss the challenges associated with the environmental monitoring around tidal turbines.
Geophysical company Magseis has, together with its partner BGP, been awarded an extension to the ongoing contract with BGP Arabia and Saudi Aramco to acquire additional ocean bottom seismic data block in the Red Sea. According to the company’s statement on Friday, the project has an expected duratio
Engineering company CH2M has signed a framework agreement with Shell to provide engineering, procurement, construction and project management services across upstream, integrated gas, and downstream projects globally. This is in line with continuing efforts to make transformational improvements in c
Atlantic Navigation, a provider of marine logistics services, has, through its country representative in the Middle East, been awarded a $44 million charter contract for its liftboat, the AOS Maintainer I. The contract was awarded by a Middle Eastern National Oil Company (NOC). According to Atlantic
The Islamic Republic of Iran Shipping Line (IRISL) is looking to list on the London Stock Exchange as the company has already held talks on a possible initial public offering (IPO), Reuters said citing undisclosed Iranian and Western sources. However, the company is experiencing difficulties in its
The Ocean Alliance has the most services at its disposal with a total of 40 loops spread across seven East-West trades, a comparison of new carrier alliances from shipping consultancy Drewry shows. The Ocean Alliance is followed by THE Alliance with 32 services and 2M with 25. As the market braces f
Mumbai based shipping company Shreyas Shipping and Logistics Limited (Shreyas), part of Transworld Group, has decided to acquire 99.99% stake in Dubai-based Balaji Shipping Lines from Transworld Holding Limited. The move was approved at a board meeting held on March 9 and the acquisition will be car
Maritime kidnaps across the globe surged by 44 percent in 2016, in part driven by an uptick of activity in the Gulf of Guinea and in the Sulu and Celebes Seas, according to Control Risks’ global maritime analysis. Additionally, maritime hijacks were down by 83% globally in 2016, driven by a decline
Shipyards have been struggling with reduced vessel ordering for years as global output dropped and capacity diminished shortening their forward cover to the current 2.3 years, according to Clarksons Research. Forward cover, one basic indicator of the volume of work that shipyards have on order, is c
Tidal Energy Today has compiled the top news from tidal and wave energy industry from March 6 – 12, 2017.
