Green Marine
Maersk inks green bio-methanol partnership with Debo
A.P. Moller – Maersk has entered into a methanol partnership with Chinese bioenergy enterprise Debo. The parties have signed a Letter of Intent covering Debo’s plans to develop a bio-methanol project for Maersk in China with capacity of 200,000 tonnes per year to start commercial operation by fall 2
North Sea Port could become CO2 storage and liquefaction hub
Fluxys, ArcelorMittal Belgium and North Sea Port have started a feasibility study for the Ghent Carbon Hub project, an open-access CO2 storage and liquefaction hub.
Was maritime industry too quick to discard nuclear power? Emerging initiatives are proving it wrong.
The quest for zero-emission fuels is dominating the decarbonization narrative in the maritime industry today. Ammonia and hydrogen are at the top of the candidate list for the future fuel mix. However, there are numerous challenges in establishing a scalable production of green hydrogen and green am
Anaergia to supply biogenic CO2 to European Energy for e-methanol production as fuel for Maersk ships
Canada-based clean energy producer Anaergia has signed an agreement with Denmark’s wind and solar energy producer European Energy for the supply of liquefied biogenic carbon dioxide (CO2).
Norsepower to install rotor sails onboard two newbuild CO2 carriers
Norsepower has inked a contract with Dalian Shipbuilding Industry to deliver single rotor sails onboard two newbuild LNG-powered, wind-assisted CO₂ carriers commissioned by the Northern Lights JV. Northern Lights JV is developing the transportation and storage component of Norway’s Longship project
Concordia Maritime: Tanker to containership conversion project put on hold
Swedish tanker shipping company Concordia Maritime has decided to put on hold the project that has been exploring the feasibility of converting a tanker into a containership.
Future Proof Shipping’s inland containership kick-starts its conversion
FPS Maas, an inland containership owned by Dutch shipping company Future Proof Shipping, arrived at the Holland Shipyards Group yard in Werkendam on Monday for its conversion. Namely, over the coming months, the vessel’s diesel combustion engine will be removed, and a hydrogen and fuel cell propulsi
Maersk, Port of Aberdeen to explore building offshore vessel charging hub
Maersk’s offshore charging company, Stillstrom, and Port of Aberdeen have signed a memorandum of understanding (MOU) to perform a joint feasibility study into a charging hub that would use offshore wind or other renewable energy source to power vessels on standby outside the port. Running until the
Hy2gen, Technip Energies want to produce renewable fuels for maritime use
Hy2gen and Technip Energies are launching the feasibility studies phase for the Hynovera project, which aims to produce renewable fuels for aviation and maritime use on an industrial scale.
TORM takes 75 pct stake in scrubber supplier
Danish tanker shipping company TORM has taken majority ownership in compatriot scrubber supplier ME Production (MEP). Namely, TORM has bought a 75% ownership stake in the company from the present owner and founder, Jens Peter Faldt, who will retain the remaining 25% ownership. The transaction builds
Germany secures LNG supply via chartered FSRUs
Germany has formally confirmed its intention to have liquefied natural gas (LNG) terminals in Brunsbüttel und Wilhelmshaven ready at the turn of the year 2022/2023.
Wallenius Wilhelmsen lands $800 mln in sustainability-linked loans
Oslo-listed shipping company Wallenius Wilhelmsen has secured $800 million of new loans secured by 20 vessels. The flagship facilities consist of two new financing agreements, with tenors ranging from 5.5 to 6.5 years, and were signed with 11 banks on June 30th. On August 15th, $670 million was draw
Maersk, SCA sign $500 mln Port Said development deal
A.P. Moller – Maersk and the Suez Canal Authority (SCA) have signed a $500 million deal for the development of the Suez Canal Container Terminal (SCCT) in East Port Said. The investment includes a new 1,000-meter container berth adjacent to the existing 500-meter one, as well as additional cranes to
Maritime industry to spend $931 mln on AI solutions in 2022
The maritime industry is forecast to spend $931 million on artificial intelligence (AI) solutions in 2022, according to a recent report published by Lloyd’s Register in cooperation with Thetius. That figure is expected to more than double in the next five years to $2.7 billion by 2027, a compound an