Outlook & Strategy
Microsoft to back Northern Lights CCS project
The Northern Lights Joint Venture and SLB have signed a memorandum of understanding (MoU) with Microsoft to optimize integrated cloud-based workflows for the operation of Northern Lights, one of the first CO2 transport and storage providers for cross-border carbon capture and storage (CCS). In the i
EU ETS will cost the shipping industry billions, says ITIC
The cost of the European Union’s (EU) new Emissions Trading Scheme (ETS) to the shipping industry could be in the billions, according to the forecasts from International Transport Intermediaries Club (ITIC). The extended EU ETS, which comes into force on 1 January 2024, will set an annual absolute l
Hapag-Lloyd studying 4,500 TEU wind-powered boxship concept
German container shipping company Hapag-Lloyd is eyeing a potential 4,500 TEU newbuilding vessel with wind-assisted propulsion as part of the company’s R&D activities involving alternative technologies and fuels.
Can shipping go beyond the COP28 razmataz and deliver on net zero targets?
Following a day of active discussions at the Shaping the Future of Shipping: Delivering a Net Zero World summit yesterday, 60 maritime organisations and government partners agreed on a course to deliver the IMO’s net-zero strategy at Shaping the Future of Shipping, an event hosted by the Internation
Erik Thun picks Berg Propulsion’s fuel optimization software for ten new ships
Swedish shipping company Erik Thun Group has selected Berg Propulsion’s thrust and fuel optimization software technology to optimize efficiency on board all ten of its latest newbuildings.
WSC: We need to get regulations right in next two years to ensure renewable fuels’ availability
In a bid to secure a competitive landscape for the availability of renewable fuels to power maritime vessels, energy providers need to have regulatory frameworks established within the next two years. The call comes with the recognition that substantial investments in new fuels are imminent, conting
VARD to deliver ‘highly customized’ hybrid cable lay & construction vessel to Japan
Norway’s VARD has secured a contract worth over $200 million to deliver a highly customized hybrid power cable lay and construction vessel to what it says is a leading Japanese construction company. The contract was signed with Toyo Construction, a Japanese general construction company that operates
WEF: MOL, Maersk showing readiness to procure green fuels but price gap remains main barrier to decarbonization
On the margins of COP28, shipping companies Mitsui O.S.K. Lines (MOL) and Maersk are actively sending a signal of readiness to procure green fuels and drive economies of scale.
Survey activities for Scottish subsea link to take place until April
Marine survey activities are set to begin this month for the Eastern Green Link 2 (EGL 2) subsea electricity superhighway between Scotland and England. The survey activities are planned to commence from Peterhead, Scotland, in December and continue in Scottish waters until approximately February 202
Houston, Antwerp-Bruges ports and partners pen energy transition accord
U.S. and Belgian cargo hubs Port Houston and the Port of Antwerp-Bruges, together with four other partners, have signed a landmark agreement to form a strategic alliance aimed at accelerating the transatlantic green transition. The two ports are joined by the Center for Houston’s Future, Waterstofne
TotalEnergies invests in collaborative wave power subsea project
TotalEnergies has joined the Renewables for Subsea Power (RSP) collaborative project which is currently powering subsea equipment off the east coast of Orkney in Scotland, with wave power from Mocean Energy and intelligent subsea energy storage from Verlume.
Northern Lights CCS project grabs a slice of EU funding
The European Commission (EC) has awarded €131 million for the Northern Lights carbon capture and storage (CCS) project under its Connecting Europe Facility (CEF) funding scheme. A total of eight cross-border energy infrastructure projects are getting a part of the EU funds. EU Member States have end
Bureau Veritas and Avance Labs pen hydrogen certification deal
Classification society Bureau Veritas (BV) and Avance Labs, an I-REC (international renewable energy certificate) accredited code manager for tracking and certification of attributes associated with hydrogen and hydrogen derivative fuels and products, have signed a memorandum of understanding (MoU)
ETIP Ocean releases guide for ocean energy community engagement
The European Technology and Innovation Platform for Ocean Energy (ETIP Ocean) has published a new guide that unveils best practices for local community engagement in ocean energy projects.