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Innovation

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Michael Parker
Innovation

Parker: Shipping financing will not be the same

Green corridors are likely to transform the realm of shipping finance as the focus shifts from emissions from ships to the entire supply chain, according to Michael Parker, Chairman of the Poseidon Principles. Parker spoke on a panel on Wednesday as part of the launch of Progress Toward Shipping’s 2

about 3 years ago
Illustration; Source: QatarEnergy
Innovation

In focus: The hard truths and wake-up calls in the global energy transition

As the world races towards a net-zero emissions future by 2050, it’s imperative to acknowledge some hard truths and heed the wake-up calls emerging from the latest reports and analyses. The energy transition journey is undoubtedly complex, laden with challenges and unearthing difficult realities as

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about 3 years ago
Repair yard shortage puts maritime energy transition at risk
Innovation

Repair yard shortage puts maritime energy transition at risk

A shortage of repair yards with experience in conversions may hinder the take up of alternative fuel technology by the existing fleet, according to the findings from LR’s new Engine Retrofit Report. The report has identified that retrofitting a significant number of the 9,000 and 12,900 large mercha

about 3 years ago
DNV: Onboard CC and nuclear propulsion can compete with other decarbonization solutions
Innovation

DNV: Onboard CC and nuclear propulsion can compete with other decarbonization solutions

Onboard carbon capture and nuclear propulsion, previously regarded as ambitious concepts, are not only mere contenders in the quest for cleaner shipping but formidable ones, fully capable of taking on established decarbonization solutions, according to the recent findings from DNV. DNV has conducted

about 3 years ago
MOL
Innovation

Are we ready for ammonia?

Over the course of the past year, the maritime industry has witnessed a remarkable surge in projects centered around ammonia as a sustainable ship fuel. Ammonia-powered ship types, fueled by zero-emission ambitions, have taken center stage at this year’s Gastech in Singapore, capturing the imaginati

about 3 years ago
Ammonia
Innovation

Next on the horizon: A naming ceremony for an ammonia-powered ship?

Thursday witnessed a momentous occasion in the annals of container shipping, one that reverberated with promises of greener, more sustainable days ahead for the maritime industry. The naming ceremony of the world’s first methanol-powered containership, the Laura Maersk, took center stage, signifying

about 3 years ago
The ‘EWP-EDF One’ wave energy plant in Tel Aviv, Israel (Courtesy of Eco Wave Power)
Innovation

Waves start producing clean power for Israel’s electrical grid

Eco Wave Power has connected its wave energy plant to Israel’s national electrical grid, making it the first wave energy project to deliver electricity to the country’s power supply.

about 3 years ago
MMMCZCS: Navigating the regulatory traps to drive real change
Innovation

MMMCZCS: Navigating the regulatory traps to drive real change

Regulatory measures implemented by the International Maritime Organization (IMO) often set out with the noble goal of curbing carbon dioxide (CO2) emissions and promoting sustainability within the global shipping industry. Yet, the journey from regulation to actual emission reduction can be marred b

about 3 years ago
Cargill
Innovation

ZeroNorth partners with Cargill to optimize over 600 vessels and drive green efficiency

Climate technology company ZeroNorth has signed a three-year contract with Swiss freight trader Cargill on the provision of software for optimisations across vessels and voyages. The deal will see ZeroNorth become the main optimisation partner for more than 600 vessels the aim being to drive efficie

about 3 years ago
In focus: Is LNG stuck between a rock and a hard place in the energy transition story?
Innovation

In focus: Is LNG stuck between a rock and a hard place in the energy transition story?

The energy transition towards low-carbon and green energy sources is gaining momentum worldwide, driven by rising climate and energy security concerns. That being said, the thorny road toward decarbonization always seems to be stuck between the need to ‘act now’ and find the ‘silver bullet’. The sen

about 3 years ago
Core Power
Innovation

Malone: Nuclear power can ignite growth of alternative fuel infrastructure and ship orders

Utilizing nuclear power could become a catalyst for the growth of alternative fuel infrastructure projects and the ship orders to go with it, according to Principal of Sea/Switch Partners and Partner in the ETFMG Breakwave Sea Decarbonization Tech ETF, BSEA, Hal Malone. As explained, shipping decarb

about 3 years ago
Maersk Mc-Kinney Moller Center: Shipowners should be wary of relying on e-fuels alone
Innovation

Maersk Mc-Kinney Moller Center: Shipowners should be wary of relying on e-fuels alone

A recent analysis by Maersk Mc-Kinney Moller Center has identified four key constraints that may hinder the supply of renewable electricity to the maritime industry in the 2030s and 2040s, potentially leading to a shortage of e-fuels. The key constraints highlight the challenges that need to be addr

about 3 years ago
The launch of IRENA NewGen Renewable Energy Accelerator - NewGen (Courtesy of IRENA)
Innovation

IRENA sets up initiative to bolster youth-led renewable energy start-ups and projects

The International Renewable Energy Agency (IRENA) has launched a new initiative, the IRENA NewGen Renewable Energy Accelerator (NewGen), aimed at supporting young entrepreneurs and innovators in driving the renewable energy transition.

about 3 years ago
ADNOC partners with French firm to design unmanned supply vessels
Innovation

ADNOC partners with French firm to design unmanned supply vessels

ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of the Abu Dhabi-based oil company ADNOC, has signed an agreement with France’s SeaOwl for the design of unmanned remotely operated vessels (ROVs) capable of transporting vehicles, equipment and supplies to and from offs

about 3 years ago