Dubai-based port operator DP World has joined the First Movers Coalition (FMC), setting a target of 5% of its marine power to come from hybrid engines and zero-emission fuels by 2030.
The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, the U.S. Department of State, the U.S. Department of Energy, and the Danish Government have joined forces to resource and execute pre-feasibility studies for green corridors in five countries in the Global South, as announced on Friday at C
Indonesia’s PT Pertamina International Shipping (PIS), a subsidiary of PT Pertamina (Persero), and Turkey’s Karpowership have formalized a general partnership agreement (GPA) to develop sustainable energy infrastructure in Indonesia. Under the GPA, which was formalized during the COP28 in Dubai on F
Cargo Owners for Zero Emission Vessels (coZEV) has welcomed ten additional member, climate-leading companies, including Mondelēz International, Pledge, Reckitt, and REI Co-op. Flexport, Meta, Nestle, Royal Coffee, Standing CT, and Trek Bikes.
Danish energy company Ørsted has secured support from the EU-Catalyst Partnership, which consists of the European Commission (EC), Breakthrough Energy Catalyst, and the European Investment Bank (EIB), for its FlagshipONE project, also known as Europe’s largest e-methanol plant. On December 1, at COP
The Chief Executive Officers (CEOs) of leading global shipping lines have issued a joint declaration at COP 28 calling for an end date for fossil-only powered newbuilds and urging the International Maritime Organization (IMO) to create the regulatory conditions to accelerate the transition to green
A new report by the Institute for Energy Economics and Financial Analysis (IEEFA) has found that South Korea is rapidly developing liquefied natural gas (LNG) import and storage terminals, presenting a high risk of overinvestment and overcapacity. According to IEEFA estimates, the country’s LNG indu
Environmental Defense Fund (EDF) and Lloyd’s Register (LR) Maritime Decarbonisation Hub, in collaboration with Arup, have introduced the Sustainable First Movers Initiative Identification Tool, a system to help shipping stakeholders align investment decisions that support the maritime energy transit
U.S.-headquartered drybulk shipowner Genco Shipping has acquired 2016-built 181,000 dwt scrubber-fitted Capesize vessel, Genco Reliance.
Japanese shipping company Kawasaki Kisen Kaisha (K Line) has tested an autonomous navigation system on the 11,413 gross-ton large RORO cargo ship HOKUREN MARU No. 2, operated by K-Line on a round-trip route of approximately 1,600 km between Hitachi Port and Kushiro Port. The system was trialed in th
UAE-based port operator AD Ports Group in collaboration with Kazakhstan’s national oil company KazMorTransFlot (KMTF) has announced the acquisition and commencement of operations of two oil tankers designed for the transportation of Kazakhstan’s oil across the Caspian Sea. The two tankers were named
Brazilian mining giant Vale, working in partnership with Oldendorff Carriers, has kick-started its first biofuel voyage on a bulk vessel. The trial is taking place on an Oldendorff vessel performing a laden Vale voyage from Brazil to Asia, carrying a full cargo of iron ore. The Hinrich Oldendorff, b
The consortium behind the LOHC for Hydrogen Transport from Scotland (LHyTS) project, which aims to establish a hydrogen export route from Scotland to Rotterdam via liquid organic hydrogen carrier (LOHC), has conducted engineering studies targeted at developing a pilot project as a precursor to large
The Board of Norway-based energy storage company Corvus Energy has appointed Fredrik Witte as the new CEO, starting January 1st, 2024. Witte joins from his position as the Managing Director of Cargill Aqua Nutrition. “Corvus Energy is entering an important phase where the company will continue to bu
