The recent pick-up in the development of carbon capture and storage (CCS) projects across the globe is expected to provide a new source of cargo demand for the maritime industry, helping offset demand for a declining trade of conventional hydrocarbon cargoes. CCS involves capturing carbon dioxide em
The European Union (EU) and Norway have formed a Green Alliance to strengthen their cooperation on clean energy and industrial transition as well as joint climate action and environmental protection efforts. The agreement was signed on 24 April in Brussels by the President of the European Commission
APPEA has thrown support behind the Climate Change Authority’s focus on carbon capture technology, as CCUS is seen as important for net-zero.
Danish naval architect company Knud E. Hansen has developed a new tanker vessel, designed specifically for the transportation of carbon dioxide (CO2). The vessel concept is being released as the role of carbon capture and storage (CCS) continues to grow, especially in Europe as a solution necessary
lomarlabs, a new subsidiary of UK-based shipowner Lomar Shipping, part of LIbra Group, has partnered with climate tech start-up Seabound, in a bid to reduce emissions and catalyse cost-effective methods to capture CO2 onboard vessels. Seabound has developed a patent-pending compact carbon capture de
South Korean shipping major HMM plans to conduct field tests of an onboard carbon capture system (OCCS) for containerships along with Samsung Heavy Industries (SHI) and PANASIA in the second half of this year. OCCS is an advanced technology to capture CO2 from greenhouse gas emissions generated duri
EverLoNG ship-based carbon capture project is nearing an important milestone with the prototype ship-based carbon capture (SBCC) equipment almost ready to be installed on an LNG-powered LNG carrier. According to the project’s update, the SBCC equipment, being built in the Netherlands by Carbotreat,
Shandong Shipping, the third largest shipowner in China, has made a major investment in newbuild vessels by ordering twelve 82,000 dwt Kamsarmaxes at Jiangsu New Hantong Ship Heavy Industry. The deal marks the largest newbuild order ever made by Shandong Shipping. The company said that it has signed
The offshore energy and shipping industries are essential components of global trade and commerce, responsible for transporting goods and powering homes and businesses around the world. However, they are also significant contributors to greenhouse gas emissions. As the world’s focus on reducing carb
Onboard carbon capture, utilisation, and storage (OCCUS) has emerged as one of the promising short-term measures shipping can implement for existing vessels to cut carbon emissions. According to a new report by Lloyd’s Register, OCCUS has a high technology readiness level, however, its investment re
The Global Centre for Maritime Decarbonisation (GCMD) has joined forces with Lloyd’s Register (LR) for a concept study on offloading liquefied CO2 (LCO2) captured onboard ships.
The Danish Energy Agency has received two final offers related to Denmark’s first tender for the carbon capture, utilization and storage (CCUS) subsidy pool, with a contract expected in May. The Danish Energy Agency announced in August 2022 that three applicants – I/S Vestforbrænding, Ørsted Bioener
BP has joined forces with Harbour Energy to develop a CCS project located close to the heavily industrialised Humber region.
The Carbon Capture, Utilisation and Storage Zero Emission Network (CCUS ZEN) has announced it will accelerate the rollout of CCUS in Europe by identifying two industrial clusters suitable for deployment of CCUS.
