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Energy Transition - Offshore Energy

Energy Transition

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Energy Transition

Saverys says investing in future-proof ships makes sense now, reveals a pipeline of 120 hydrogen and ammonia-powered ships

Belgian owner of marine and industrial applications CMB.TECH plans to add approximately 120 hydrogen and ammonia-powered vessels to its fleet and has five hydrogen infrastructure projects worldwide in the pipeline, Alexander Saverys, the company’s chief executive, revealed in a capital markets day p

about 2 years ago

Energy Transition

First eco-friendly coffee cargo sailboat sets sail to North America

Canadian coffee roaster Café William revealed that its first cargo sailboat set sail from the port of Santa Marta in Colombia on December 18, bound for North America.

about 2 years ago

Energy Transition

Green ammonia could decarbonize 60% of global shipping by 2050, study reveals

Green ammonia could be used to fulfil the fuel demands of over 60% of global shipping by targeting just the top ten regional fuel ports, a new study shows.

about 2 years ago

Energy Transition

Provaris appoints DNV for hydrogen carrier FEED review

Provaris Energy is advancing works on its proprietary H2Neo hydrogen carrier and hydrogen cargo containment system and has now engaged classification society DNV to issue a front-end engineering design (FEED) statement. Last summer, Provaris kicked off the program for the construction and testing of

about 2 years ago

Energy Transition

Clarksons: 2023 a positive year for shipping as China delivers 50% of shipbuilding output

Seaborne trade has witnessed a notable uptick in 2023, registering a 3% increase to a $12.4 billion, according to data from Clarksons Research. The global maritime landscape further unveils a 3% growth in the world fleet, reaching an 2.3 billion deadweight tons (dwt). Despite this expansion, the new

about 2 years ago

Energy Transition

Port of Virginia enters 2024 as the first US East Coast port powered by 100% clean energy

The Port of Virginia has become the first US East Coast port powered by 100 percent clean energy, achieving its clean energy goal eight years ahead of schedule.

about 2 years ago

Energy Transition

MOL pens charter contract with Yara for ammonia carrier

Japanese shipping company Mitsui O.S.K. Lines, Ltd. (MOL) has signed a time charter contract for the ammonia carrier Green Pioneer with Yara Clean Ammonia Switzerland, a group company of Yara International ASA, the world’s largest nitrogen fertilizer manufacturer. The 2010-built vessel was delivered

about 2 years ago

Energy Transition

2023 in review: A transformative year for shipping and maritime

In the maritime realm, 2023 has been a year marked by transformative projects and announcements, on both the regulatory side, ship designing, and shipbuilding front as well as demand signals for the production of alternative fuels. Amidst geopolitical turbulences in the Middle East, the ongoing conf

about 2 years ago

Energy Transition

Japanese majors press ahead with plans to start large-scale LCO2 transport in 2028

Japanese shipbuilders Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group and Nihon Shipyard, a joint venture between Imabari Shipbuilding Co, and Japan Marine United Corporation, have signed a Memorandum of Understanding (MOU) with compatriot Mitsui & Co. and Mitsubishi Corpo

about 2 years ago

Energy Transition

UMAS: Early movers are vital in setting up a zero-emissions shipping market

There will be a range of costs expected from switching to zero-emission containerships in deep-sea and coastal routes, a recent report from UMAS finds.

about 2 years ago

Energy Transition

SHI secures deal for two ammonia carriers

South Korean shipbuilding major Samsung Heavy Industries (SHI) has won a 310.8 billion won ($240 million) contract to construct two very large ammonia and liquefied petroleum gas (LPG) carriers for a shipping company based in Oceania. The agreement mandates Samsung Heavy to complete and deliver the

about 2 years ago

Energy Transition

Amogy joins forces with Mitsubishi for adoption of ammonia cracking tech in Japan and South Korea

The US-based ammonia power solutions company Amogy and Japan’s Mitsubishi Corporation have teamed up to accelerate the adoption of Amogy’s ammonia-to-power and ammonia cracking technology in large-scale hydrogen carrier applications in East Asia, particularly Japan and South Korea. In collaboration

about 2 years ago

Energy Transition

OSG wins $400K DOE backing to study Tampa’s carbon hub development

U.S.-based tanker owner Overseas Shipholding Group (OSG) has obtained a $400,000 grant from the United States Department of Energy (DOE) to study the development of its proposed Tampa Regional Intermodal Carbon Hub (T-RICH). The study is intended to evaluate the commercial feasibility of developing

about 2 years ago

Energy Transition

Uniper looking into Provaris’ compressed hydrogen carriers for hydrogen import

Australia-based developer of green hydrogen projects Provaris Energy has signed a non-binding memorandum of understanding (MoU) with German energy company Uniper to evaluate the supply of green hydrogen to Germany using Provaris’ compressed hydrogen carriers. Under the MoU, Provaris and Uniper will

about 2 years ago