Outlook & Strategy
HelioRec installs floating solar unit in French port
France-based start-up HelioRec has completed the installation of a 25kW floating solar unit in the Port of Brest.
Maritime stakeholders call for safe ammonia use
Stakeholders in the shipping industry have collaboratively addressed the paramount safety challenges and best practices essential for integrating ammonia as an alternative marine fuel. Specifically, the stakeholders called for safe ammonia use during an event held on October 4, 2023, in Copenhagen,
Frontline to acquire 24 VLCCs from Euronav for $2.35 billion as part of talks to end ‘structural deadlock’
Belgian tanker major Euronav NV confirmed the recent flurry of speculations engulfing discussions between two of its major stakeholders, Frontline and CMB NV. The rumors have stirred up volatility in Euronav’s share price, subsequently prompting the suspension of Euronav shares on Euronext Brussels.
Lease agreement in for North Sea carbon capture and storage project
The UK’s Crown Estate has awarded an agreement for lease for what could become one of the world’s largest carbon capture and storage (CCS) projects. The agreement for lease will allow BP, as the lead operator, to further progress the planned Endurance CCS project, a reservoir in the North Sea that w
Port of Rotterdam backs ZEMBA with incentive for sustainable shipping fuels
The Port of Rotterdam has announced a port fee reduction for ships that bunker sustainable fuels in Rotterdam, supporting the Zero Emissions Maritime Buyers Alliance (ZEMBA). The Port of Rotterdam highlighted ZEMBA’s recent launch of a request for proposals for the transport of 600,000 twenty-foot c
Welsh minister for climate change takes Pembrokeshire marine energy tour
The Welsh government’s minister for climate change Julie James has visited south-west Wales to see first-hand the work being done in Pembrokeshire to advance the development of renewables, including marine energy.
CMA CGM to launch startup accelerator in UK
French shipping major CMA CGM Group plans to launch ZEBOX UK, a global startup accelerator, in Manchester this month. The Manchester-based startup accelerator is ZEBOX’s sixth innovation hub in the world, focusing on operational efficiency, decarbonization, future of work and artificial intelligence
Gunvor and Solvang form JV, order five carbon capture-ready VLGCs
Geneva-based energy trading firm Gunvor Group and Norwegian shipping company Solvang ASA have formed a joint venture to own and operate next-generation eco-vessels for the liquefied petroleum gas (LPG) market. The joint venture has placed an order for five very large gas carrier (VLGC) newbuilds wit
Gen2 Energy & SEFE move forward with Norway to Germany H2 import deal
Norwegian Gen2 Energy and Germany’s Securing Energy for Europe (SEFE), via its subsidiary WINGAS, have signed a transaction term sheet for the delivery of green hydrogen. Gen2 Energy said the sheet defines the terms and conditions for a final sales and purchasing agreement and represents a major ste
COSCO’s boxship first to plug into shore power at HHLA CTT
The shore power system at HHLA Container Terminal Tollerort (CTT) in Hamburg, Germany was officially inaugurated with the successful supply of shore power to COSCO Shipping Taurus during a ship integration test this week, marking a significant milestone in its practical application. COSCO Shipping s
KBR, SolydEra to work on integrated NH3 solid oxide electrolyzer solution
U.S. KBR has signed a memorandum of understanding (MoU) with Italy’s SolydEra to offer an integrated solution for producing lower-cost clean ammonia using renewable energy. Under the terms of the MoU, KBR will integrate SolydEra’s solid oxide electrolysis (SOE) technology into its proprietary K-Gree
Carbon Clean and Samsung Engineering forge alliance on onboard carbon capture solutions
London-based carbon capture company Carbon Clean has joined forces with Korean construction and project management company Samsung Engineering Co. (SECL) to explore opportunities for onboard carbon capture solutions projects. The two companies have formalized a Joint Development Agreement (JDA) and
Argeo survey vessel to be upgraded as clients are requesting additional capability
Argeo’s subsea vessel Argeo Searcher is set to undergo an upgrade which will make it a “true” multipurpose inspection, maintenance and repair (IRM), greenfield survey vessel and mineral exploration vessel. The vessel upgrade will be carried out at Norway’s Fjellstrand this month and is fully finance
CE Delft: CII could cut EU shipping’s emissions by 30% if enforced correctly
A recent study, titled “CII and EU Maritime Decarbonization,” conducted by the research center CE Delft on behalf of the Environmental Defense Fund Europe, found that if European policymakers required ships to achieve top performance (A, B) in climate label Carbon Intensity Indicator (CII), ships co