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Energy Transition

Axpo and SGV to pioneer hydrogen passenger vessel on Swiss Lake Lucerne

Swiss renewable energy company Axpo has become a shareholder in compatriot H2Uri AG, a company building the first green hydrogen production plant in central Switzerland. The hydrogen produced at this plant will be used to power the first hydrogen passenger vessel operated by Lake Lucerne Navigation

about 2 years ago

Energy Transition

Danish Shipping launches new network to drive ESG reporting in maritime

Trade and employer association Danish Shipping has launched a new Environmental, Social and Corporate Governance (ESG) Shipping Network to address the pressing need for collaboration and knowledge sharing within the shipping industry regarding sustainability reporting.

about 2 years ago

Energy Transition

EST-Floattech to speed up electrification of shipping with new financial boost

Dutch energy storage systems provider EST-Floattech has received an investment of €4 million from Energy Transition Fund Rotterdam and existing shareholders to advance the electrification of the shipping industry.

about 2 years ago

Energy Transition

Seatrium claims world’s 1st full-scale CCS retrofit

Singaporean shipbuilding group Seatrium has secured a turnkey carbon capture and storage (CCS) retrofit contract from Norwegian shipowner Solvang ASA. This pioneering initiative involves the retrofitting of a 7MW Wärtsilä CCS system onto Solvang’s ethylene carrier, the Clipper Eris. The system is ex

about 2 years ago

Energy Transition

Shipbuilding order placed for world’s first ammonia-powered containership

Yara Clean Ammonia, North Sea Container Line, and Yara International have partnered with CMB.TECH to place a shipbuilding order for the world’s first ammonia-powered containership, Yara Eyde. CMB.TECH revealed the order on February 14, stating that the 1,400 TEU ice-class containership will be built

about 2 years ago

Energy Transition

Varma invests in green transformation of ESL Shipping

Finland’s pension insurance company Varma Mutual Pension Insurance Company has agreed to co-invest €15 million alongside OP Finland Infrastructure LP in compatriot shipping company ESL Shipping, a subsidiary of Aspo Plc.

about 2 years ago

Energy Transition

Viking Line, Ports of Stockholm and Turku eye carbon-neutral corridor by 2035

Finnish shipping company Viking Line has signed a Memorandum of Understanding (MoU) with the Ports of Stockholm, and the Port of Turku to create a green maritime corridor between Turku and Stockholm. The goal is for the corridor to be 100% carbon-neutral by 2035. The partnership aims to develop scal

about 2 years ago

Energy Transition

K Line to manage Northern Lights’ 3rd LCO2 carrier

Japanese shipping heavyweight Kawasaki Kisen Kaisha (K Line) has signed bare boat charter and time charter contracts with Northern Lights JV DA for the management of the third CO2 ship. K Line has already signed contracts for managing the first two 7,500 m3 liquefied CO2 ships scheduled for delivery

about 2 years ago

Energy Transition

Lhyfe breaks ground for new 10MW hydrogen plant in Germany

French company Lhyfe has started construction work for its new hydrogen production plant in Brake on the site located on land in the harbor area of Niedersachsen Ports (NPorts), Germany’s largest public seaport operator. The groundbreaking ceremony for the production facility is taking place today,

about 2 years ago

Energy Transition

Accelerating innovation in maritime through startup-corporate partnerships

Startup-corporate partnerships are becoming increasingly important as the maritime sector experiences a greater demand for innovation. At the Offshore Energy Exhibition & Conference 2023, Buccaneer, a company that sources and supports startups and scaleups in the maritime, and PortXL, a B2B maritime

about 2 years ago

Energy Transition

TECO 2030 and partners begin work on EU-backed hydrogen-fueled passenger ship

Norwegian cleantech company TECO 2030, together with thirteen partners from various European countries, has commenced its second EU Horizon project focused on developing, validating, and showcasing a zero-emission passenger ship fueled by hydrogen. The project named Zero Emission Adriatic Ship (ZEAS

about 2 years ago

Energy Transition

Toyota’s growth fund invests in Corvus Energy to boost hydrogen fuel cell development

Corvus Energy, a supplier of zero-emissions energy solutions or maritime, offshore, and port applications, has secured an investment from Woven Capital, Toyota’s growth fund, to speed up the development of its battery storage and hydrogen fuel cells and expand its geographical footprint. Corvus and

about 2 years ago

Energy Transition

Northern Lights breaks new ground: First-of-their-kind LCO2 carriers fitted with cargo tanks

In a pioneering feat of engineering, Northern Lights, a joint venture company of energy giants Shell, Equinor, and TotalEnergies, shared a new milestone in the construction of the company’s liquefied CO2 (LCO2) carriers. Namely, the company’s first two vessels have been installed with custom-built 7

about 2 years ago

N-Sea charters fuel-efficient vessel in move to strengthen its subsea offering

Energy Transition

N-Sea charters fuel-efficient vessel in move to strengthen subsea offering

The Netherlands-headquartered N-Sea has chartered a hybrid, fuel-efficient survey and remotely operated vehicle (ROV) support vessel in a push to strengthen its offshore subsea activities. N-Sea Group entered into an agreement with Geo Plus to long-term charter the Dutch-flagged vessel Geo Ranger, w

about 2 years ago