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Northern Lights CCS project grabs a slice of EU's Connecting Europe Facility funding
Green Marine

Northern Lights CCS project grabs a slice of EU funding

The European Commission (EC) has awarded €131 million for the Northern Lights carbon capture and storage (CCS) project under its Connecting Europe Facility (CEF) funding scheme. A total of eight cross-border energy infrastructure projects are getting a part of the EU funds. EU Member States have end

about 2 years ago
ferry
Green Marine

Norway’s largest zero-emission ferry launched in Turkey

Turkish Cemre Shipyard has launched NB1091 Hinnøy, Norway’s largest zero-emission ferry.

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about 2 years ago
Oldendorff
Green Marine

Oldendorff and Teck to fit bulker with rotor sails as part of decarbonization push

German bulk operator Oldendorff Carriers GmbH & Co. KG has entered into an agreement with Canada’s mining major Teck Resources Limited to use wind propulsion to reduce CO2 emissions in Teck’s supply chain. The joint investment will see the vessel Dietrich Oldendorf, which carries shipments of Teck s

about 2 years ago
Lisolette Essberger
Green Marine

LNG-powered tanker Liselotte Essberger named in Hamburg

E&S Tankers, a Germany-based joint venture between shipping companies Essberger Tankers and Stolt Tankers, has christened the first of four new LNG-powered parcel chemical tankers.

about 2 years ago
Avance Gas
Green Marine

Avance Gas sells ammonia-ready dual fuel VLGC newbuilds

Norwegian shipping company Avance Gas has agreed to sell its two remaining 91,000 cbm dual fuel newbuildings scheduled for delivery next year. The company said that the two newbuildings would be sold for $240 million en bloc. The buyer of the vessels was not disclosed. The very large gas carriers (V

about 2 years ago
VTTI and Höegh LNG propose to develop FSRU-based energy terminal in Vlissingen port
Green Marine

VTTI and Höegh LNG propose to develop FSRU-based energy terminal in Vlissingen port

Dutch energy infrastructure company VTTI and Norwegian owner and operator of LNG carriers and FSRUs Höegh LNG have signed an agreement to study options to develop and operate the FSRU-based Zeeland Energy Terminal in the Vlissingen port area in the Netherlands. Expected to become operational in the

about 2 years ago
GTT and CSSC team up to work on LNG shipping solutions
Green Marine

GTT and CSSC team up to work on LNG shipping solutions

French LNG containment specialist GTT has signed a strategic agreement with China State Shipbuilding Corporation (CSSC) to cooperate on LNG shipping solutions. Specifically, the agreement provides for cooperation between GTT and twelve subsidiaries of the CSSC conglomerate, notably in ship design an

about 2 years ago
Ship
Green Marine

The Sea Cargo Charter to revamp reporting ambitions

The Sea Cargo Charter (SCC) plans to revise its reporting ambitions, aligning its trajectory with emission reduction goals in response to the International Maritime Organization’s (IMO) revised greenhouse gas (GHG) strategy adopted during MEPC80 in July 2023. The SCC said it was set to expand its cu

about 2 years ago
Shipping
Green Marine

Container shipping majors enter green fuel deals with Nestlé

Container shipping companies Hapag-Lloyd and CMA CGM revealed that they entered into collaboration with Nestlé, a Switzerland-based food & beverage company, aiming to advance cleaner shipping.

about 2 years ago
Bulker
Green Marine

Hayfin unlocks $1 billion in shipping asset potential

Europe’s shipping investor Hayfin Capital Management has completed a fundraising process for its Maritime Yield strategy, attracting $400m in capital commitments for the fund. With the latest financing round, Hayfin will have the capacity to acquire up to $1bn of shipping assets when coupled with co

about 2 years ago
Euronav
Green Marine

Euronav brings its ammonia-powered VLCC tally to three, adds two Suezmax orders to the mix

Belgian tanker company Euronav NV confirmed this morning that it has lifted the option for one more very large crude carrier (VLCC) at Chinese shipyard Qingdao Beihai and ordered two Suezmaxes at Daehan Shipbuilding in South Korea. The confirmation comes on the heels of shipbroker reports on the ord

about 2 years ago
Ecomotus’ EcoPro hydrogen electrolyzer wins RINA’s full-type approval
Green Marine

Ecomotus’ EcoPro hydrogen electrolyzer wins RINA’s full-type approval

Ecomotus’ EcoPro fuel catalyst system, a standalone retrofit design that uses hydrogen to reduce emissions and improve fuel efficiency on marine engines, has been granted full-type approval by the classification society RINA. The EcoPro system is said to optimize the engine’s fuel combustion, contin

about 2 years ago
Maersk
Green Marine

Maersk’s first large methanol-fueled boxship to work on Asia-Europe route

The first of eighteen large methanol-powered vessels ordered by Danish shipping and logistics giant A.P. Moller-Maersk will be deployed on the Asia-Europe trade lane, the company revealed.

about 2 years ago
MAN COSCO
Green Marine

COSCO Line to retrofit containership quartet to methanol

Following in the pioneering footsteps of Maersk, Chinese shipping heavyweight COSCO Line is embarking on a journey to retrofit some of its containerships for methanol propulsion. Namely, COSCO Line has partnered with compatriot China’s COSCO Heavy Industry Shanghai, a COSCO Group shipyard, to retrof

about 2 years ago