Outlook & Strategy
Eco Wave Power bags EU funding for its newest wave energy plant
Swedish-Israeli wave energy developer Eco Wave Power has been awarded a grant from the EU that will be used to add educational and knowledge-sharing features to the company’s newest wave energy power station at the Port of Jaffa in Israel.
Xeneta: CEI improved on majority of top container trades in Q1
The first quarter of 2023 saw Carbon Emissions Index (CEI) improvements on the majority of top 13 container trades, evaluated by Xeneta, an Oslo-based ocean and air freight rate benchmarking and market analytics platform. The average CO2 emitted per ton of cargo carried fell on ten of the world’s le
Norwegian marine geophysics firm about to wrap up its first offshore wind contract
Norwegian marine geophysical company PGS is set to complete its inaugural contract for ultra-high resolution 3D wind farm site characterization by the end of this month. PGS secured its first ultra-high resolution wind farm site characterization project at the beginning of the year, marking its entr
JR Shipping outfits 9th vessel with Value Maritime’s Filtree and carbon capture solution
Dutch shipping company JR Shipping has completed the installation of Value Maritime’s Filtree and Carbon Capture technology on the 9th vessel, MV Emotion. The installation on the 2008-built containership of 1,440 TEU was completed in Hamburg, Value Maritime said in an update. The latest development
Will UK’s new CCUS strategy open doors to multi-billion global supply chain market?
A new carbon capture supply chain strategy is expected to pave the way for Britain to gain entry into the global supply chain market.
Svitzer to provide services for Greece’s first offshore LNG terminal
Svitzer, a global towage provider and part of A.P. Moller-Maersk, has signed a 15-year agreement to service Gastrade’s Alexandroupolis Independent Natural Gas System (Alexandroupolis INGS) LNG terminal, the first offshore LNG project in Greece. Specifically, Svitzer will set up towage services and s
FloWatt developers applaud French government’s tidal energy commitment
The developers of FloWatt tidal energy project – Qair, HydroQuest, and Constructions Mécaniques de Normandie (CMN) – have hailed the French government’s investment in what is to become the world’s largest tidal energy farm.
Prysmian’s renewed credit facility includes environmental and social KPIs
Italian cabling giant Prysmian has renewed its €1,000 million long-term revolving credit facility, including environmental and social KPIs among the parameters that determine the financing conditions. Prysmian reported on 13 July that it had signed the renewal of the €1,000 million long-term revolvi
Shipping moving closer to the ‘point of no return’, says T&E
European shipping emissions grew 3% last year as the industry edges closer to pre-pandemic levels, a new analysis by NGO Transport & Environment (T&E) shows. The analysis says that European shipping emitted over 130 million tonnes of CO2, with cruise ship emissions well up on the year before combine
UK invests €8.8M to drive innovation in offshore renewables
The Supergen Offshore Renewable Energy (ORE) Impact Hub, led by the University of Plymouth, has secured €8.8 million to accelerate the impact of current and future offshore renewables devices and systems and to drive the UK towards it net zero commitments.
Technip Energies invests in cleantech fund to boost path toward net zero
Engineering and technology company Technip Energies has invested in Evok Innovation’s Fund II, a cleantech fund that invests in and supports hard-tech development and focuses on next-generation sectors such as low-carbon hydrogen, carbon capture and removal, electrification and critical minerals. Ac
Gas rush paints LNG as energy transition’s trump card to low-carbon future
Gas has solidified its position at the top of the energy pyramid, thus, the pursuit for more natural gas and LNG is in full swing.
Nord Stream investigation finds explosive traces on suspiciously chartered yacht
Germany has found traces of subsea explosives in samples taken from a yacht that may have been used to transport the explosives that damaged the Nord Stream gas pipelines in the Baltic Sea, a letter sent to the UN Security Council states. Four gas leaks were found on the Nord Stream 1 and 2 pipeline
Clarksons: 44 pct of ships ordered in H1 are alternatively fueled
Green transition remains a central underlying driver for shipping markets, according to the latest review from Clarksons Research, which estimates that 44% of newbuild tonnage ordered in the first half of this year was alternative fueled. With 62 orders secured in the first six months of 2023, metha