As the shipping industry is seeing increased interest in methanol as a marine fuel, a new report from Lloyd’s Register (LR) has found pricing, availability and carbon accounting to be the main obstacles to its widespread adoption. The report called “Fuel for Thought: Methanol” has identifed that the
DB Schenker and Volvo Cars have embarked on a partnership for more sustainable ocean freight, shipping 12,000 standard containers (TEU) with automotive spare parts on vessels using biofuel.
Canada Pension Plan Investment Board (CPP Investments) and hydrogen project developer Power2X have entered a long-term investment partnership aimed at advancing Power2X’s role in the global clean energy transition. According to the companies, the partnership plans to invest an initial €130 million t
Saudi Arabia and France have agreed to strengthen their cooperation in the field of energy, acknowledging that energy is one of the main pillars of their mutual long-term partnership. The two countries affirmed their commitments by signing a Memorandum of Understanding (MoU) on 2 February 2023. Both
Maritime fuel supplier Peninsula has completed its first sustainable biofuel delivery to Norden’s bulk carrier La Luna in Gibraltar.
Towage provider and part of A.P. Moller-Maersk Svitzer has announced an EcoTow agreement to fuel a fleet of five tugs dedicated to the South Hook LNG Terminal in Milford Haven, with hydrogenated vegetable oil (HVO).
The Port of Esbjerg has entered into a cooperation agreement with PensionDanmark under which the port will receive DKK 5.8 billion (about EUR 779 million) for the construction of facilities for the production of offshore wind turbines. PensionDanmark has decided to invest up to DKK 7 billion (around
MAN Energy Solutions has signed a Conversion Commitment Agreement with Hong Kong-based shipping major Seaspan Corporation and German liner company Hapag-Lloyd to deliver engine retrofit solutions for their vessels.
Japan’s Mitsui & Co has agreed to acquire a 49% equity interest in Kasso MidCo ApS, an affiliate of European Energy, a renewable energy company headquartered in Denmark. Specifically, Mitsui will acquire a minority stake in European Energy’s solar park and e-methanol production facility Kasso in the
With high levels of interest and varying degrees of activity around zero-emission fuels as well as favourable conditions for the potential bunkering of hydrogen-based zero-emission fuels across its major ports, Spain is well positioned to develop green shipping corridors to Europe and beyond, accord
Oslo-listed shipping company Wallenius Wilhelmsen has signed its first biofuel contract with the U.S. energy major ExxonMobil as a step towards reducing emissions and promoting eco-friendly practices. Under the contract, ExxonMobil will deliver sustainable biofuel within the second half of this year
Denmark-based shipping giant A.P. Moller – Maersk (Maersk) is ready to make pioneering moves in the shipping industry with the retrofit of an existing container ship to a dual-fuel methanol-powered vessel scheduled for 2024. The company revealed that the first engine retrofit in the industry is to b
Finnish technology group Wärtsilä has published a new whitepaper on the potential of Power-to-X (P2X) fuels for power generation. An in-depth study in the whitepaper entitled “The feasibility of Power-to-X fuels for power generation” examines the entire value chain of P2X fuels, analyses cost predic
Hydrogen fuel cell supplier PowerCell Group and methanol-to-hydrogen technology firm e1 Marine, in partnership with RIX Industries, have conducted a string test of their respective technologies for a 200kW propulsion chain as part of the validation of Maritime Partners LLC’s M/V Hydrogen One inland
