Commodity trader Gunvor Group has made an investment in Artemis Technologies as a part of the company’s commitment to developing nonhydrocarbon solutions to maritime transportation. The investment by Gunvor follows the recent award of a £33 million ($ 44.8 million) UK Government innovation grant to
A revised Strategy from the UK OGA, featuring a range of new net-zero obligations for the UK oil & gas industry, was submitted before the UK Parliament.
The World Maritime University (WMU) is partnering with industry majors on the EU funded Horizon 2020 (H2020) research project on decarbonizing shipping. The CHEK project aims to demonstrate a combination of innovative ship design and technologies operating in symbiosis on real vessel concept designs
The Nanjing Jinling shipyard in China cut the steel for the third hybrid Ro-Ro vessel owned by Finnlines, Grimaldi’s RoRo and passenger company, earlier today. Furthermore, the keel laying of the first hybrid Ro-Ro took place on the same day. The new vessels are part of Finnlines’ ongoing € 500-mill
Northern Offshore and EnQuest have submitted combined decommissioning programmes for the Northern Producer FPF to the UK authorities.
Danish shipping company Dampskibsselskabet Norden A/S continues its research into alternative green transport options by carrying out a third test voyage using biofuel.
Following a historic vote in parliament, the Norwegian Government on Tuesday announced its funding decision for the Northern Lights CO2 transport and storage project in Norway. The project will enable the shipping, reception, and sequestration of CO2 in geological strata in the Northern North Sea, a
Cabling firm NKT has signed up for the Science Based Target initiative to become a net-zero emissions company. The Science Based Targets initiative (SBTi) is a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). The
Finnish auxiliary wind propulsion systems’ provider Norsepower Oy Ltd. has won its first newbuild order for the installation of a record five tilting Rotor Sails on board a large bulk carrier. The agreement heralds the first installation of Norsepower’s innovative Rotor Sails on a bulk carrier. The
Sonihull, the UK-based provider of environmentally friendly anti-fouling systems, has signed an agreement with Norwegian maritime technology group Kongsberg Maritime to be its sole-supplier of ultrasonic anti-fouling systems.
The risk of shippers evading the EU carbon market is minimal, as it would not be cost-effective, a study by Brussels-based environmental NGO Transport and Environment shows. In 2019, the European Union committed in its European Green Deal to extend the European emissions trading system (ETS) to the
The UK government will end direct support for the fossil fuels energy sector overseas as it works to support the sector’s transition to low-carbon energy.
Grimaldi Euromed, a subsidiary of the Grimaldi Group specializing in the maritime transport of passengers and RORO cargo, has won a €35 million ($42.5 million) loan facility from CaixaBank S.A. The loan is intended to finance the acquisition of a new Roll-on/Roll-off (Ro-Ro) vessel Eco Barcelona. Th
UK oil and gas company Premier Oil has filed its draft decommissioning program for the Hunter & Rita subsea pipelines to the UK authorities.
