Green Marine
MOL inks transition loan for France’s 1st LNG bunker vessel
Japanese shipping company Mitsui O.S.K. Lines (MOL) has signed a transition-linked loan to finance one of the world’s largest liquefied natural gas (LNG) bunkering vessels and the first one to be based in France, Gas Vitality.
Gram Car Carriers launches private placement as PCTC market strengthens
Driven by the strengthening market environment, Norway-based transportation company Gram Car Carriers ASA (GCC) has decided to issue a $110 million equity private placement and begin trading on Euronext Growth.
Maersk to establish carbon-neutral logistics park in Middle East
Danish shipping giant A. P. Moller – Maersk has signed an agreement with Saudi Ports Authority (Mawani) to set up an integrated logistics park at the Jeddah Islamic Port in Saudi Arabia.
US startup unveils all-electric foiling ferry concept ELECTRA
Boundary Layer Technologies, a California based marine technology startup, has launched a fully electric hydrofoiling ferry concept design.
In focus: Ships, oil & gas platforms to get greener by the day with clean fuels and renewables
Massive investment announcements and ambitious new developments in the energy and shipping sectors marked this week on Offshore Energy (well, together with our Offshore Energy Exhibition & Conference), as work on the global energy transition is moving forward through numerous new initiatives.
Meyer Neptun Engineering, Leibniz Institute partner up on climate-neutral fuels
Meyer Neptune Engineering, a newly founded startup focused on green innovations and part of Germany’s shipbuilder Meyer Group, plans to cooperate with the Leibniz Institute for Catalysis (LIKAT Rostock) to explore climate-neutral fuels.
Study: Renewable methane shows “vast” potential as green marine fuel
The renewable methane has a “vast” potential to replace fossil fuel in ships and can achieve up to 80 per cent of greenhouse gas (GHG) reduction, a new report showed.
DNV, Seaspan open Joint Collaboration Space in Shanghai
Classification society DNV and Seaspan Corporation, a shipping arm of Atlas Corp., have set up a Joint Atlas-Seaspan and DNV Collaboration Space (JCS) in Shanghai.
Oldendorff Carriers orders up to 12 eco-friendly Kamsarmaxes in China
Germany-based dry bulk carrier owner and operator Oldendorff Carriers has signed a contract for two batches of newbuilding contracts for a series of eco-friendly Kamsarmax vessels with Chinese Hantong Shipyard.
Shell, Trafigura, AET and Saudi Aramco invest in Daphne Technology
Daphne Technology, a Swiss climate tech startup addressing the greenhouse gas (GHG) challenge, has attracted investments from industry majors in the second investment round.
Port of Long Beach meets CAAP 2023 emission-reduction goals
For the first time, the US Port of Long Beach has achieved all of the 2023 emission-reduction goals outlined in the San Pedro Bay Ports Clean Air Action Plan, despite moving record volumes of containerized cargo.
Gasum delivers first renewable biogas to Lundin’s OSV
Nordic energy company Gasum has bunkered liquefied biogas (LBG) for the first time to an offshore supply vessel (OSV) owned by Swedish oil firm Lundin Energy.
MOL finalizes $145 million deal to acquire Waterfront’s stake
Canadian methanol producer and supplier Methanex Corporation and Japanese shipping firm Mitsui O.S.K. Lines (MOL) have concluded definitive agreements for MOL to acquire 40 per cent stake in Methanex’s subsidiary Waterfront Shipping (WFS).
Royal Caribbean unveils Destination Net Zero strategy
American cruise holding company Royal Caribbean Group announced a giant step on its sustainability journey — Destination Net Zero, a comprehensive decarbonization strategy that includes pledging to establish science-based targets (SBT) and achieving net-zero emissions by 2050.