Offshore rig owner Maersk Drilling has secured an additional one-well contract for the low-emission rig Maersk Integrator with Aker BP.
The UK has decided to include its share of international shipping and aviation emissions in its sixth Carbon Budget – an important part of the government’s decarbonisation efforts that will allow for these emissions to be accounted for consistently.
With the international banking group Standard Chartered becoming a signatory to the Poseidon Principles, the global shipping loan portfolio of the member banks has surpassed the $ 185 billion mark. This represents around 50 percent of all shipping finance globally, making the Poseidon Principles ini
French investment company Eurazeo is launching a sustainable maritime infrastructure thematic fund to finance more environmentally friendly infrastructure and technologies in the maritime sector that support the transition to a low carbon economy.
Industry heavyweights Lloyd’s Register’s Decarbonization Hub, Maersk, MAN Energy Solutions, Mitsubishi Heavy Industries, NYK Line, Total and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping are embarking on a new project with the aim of providing guidelines on the safe use of ammonia as a
Classification society ABS and corporate innovation and venture development firm Rainmaking have decided to collaborate to support entrepreneurs with maritime decarbonization technologies.
Wuhan-based PEM fuel cell supplier Troowin Power System Technology Co has won a type approval from China Classification Society (CCS) for its marine fuel cell product. CCS said that this was China’s first certificate of type approval for a marine fuel cell, and that it follows more than a year of re
Crowley Engineering Services has completed the design of the first fully electric U.S. tugboat with autonomous technology.
Hyundai Samho Heavy Industries (HSHI), a shipbuilding arm of Korea Shipbuilding & Marine Engineering, has built and delivered a 115,000 dwt product carrier which has obtained the Silent E-Notation from DNV. The LR2 tanker, named Onex Peace, is owned by UAE-based energy trading company Onex DMCC, and
Seaspan Corporation, a wholly-owned subsidiary of Atlas Corp., said it has priced $300 million in new senior unsecured sustainability-linked bonds in the Nordic bond market.
Alfa Laval in cooperation with fuel cell maker Blue World Technologies has announced plans to start testing a marine fuel cell system based on methanol. The testing will take place at the Alfa Laval Test & Training Centre in Denmark, exploring the technology’s potential as a source of marine fossil-
Singapore-based Ocean Network Express (ONE) has become the latest container shipping company to integrate sustainability into its business strategy.
Ammonia and hydrogen are zero-carbon bunker fuels that are most likely to be major contributors to shipping’s decarbonized future, a new series of report released by the World Bank reveals.
A Shell-chartered 170,000 cbm LNG carrier, named Methane Patricia Camila, has achieved 6.6% net savings generated by the Silverstream’s air lubrication system, Silverstream and Shell’s engineers found during operational testing. The system was retrofitted on the 2010-built LNG carrier during its Oct
