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Outlook & Strategy

ESL Shipping commits to net-zero emissions by 2050

In its first environmental, social, and governance (ESG) strategy, Finnish shipping company ESL Shipping has revealed its target to achieve net zero CO2 operations by 2050.

about 4 years ago

Outlook & Strategy

Echandia opens UK hub to meet maritime battery systems demand

Swedish zero-emission energy systems provider Echandia has decided to open a business development hub in Aberdeen to serve the UK market.

about 4 years ago

Outlook & Strategy

NovaAlgoma Cement Carriers ups stake in JT Cement

NovaAlgoma Cement Carriers (NACC), a cement shipping joint venture between Luxembourg’s Nova Marine and Canada’s Algoma Central Corporation, has doubled its investment in JT Cement by acquiring an additional 25% of its share equity from KGJ Cement Holdings AS.

about 4 years ago

Novatek changes its management board composition

Outlook & Strategy

Management board of Novatek changes in composition

Russia’s largest independent natural gas producer Novatek has passed the resolution to change the composition of its management board.

about 4 years ago

Outlook & Strategy

In focus: Getting to net-zero emissions and low-carbon economy

The recently held 2021 United Nations Climate Change Conference (COP26) brought to light many questions surrounding the transition to a more sustainable future, but more importantly the event showed that countries worldwide are committed to accelerate their decarbonisation plans, strengthening the e

about 4 years ago

Outlook & Strategy

World’s first offshore hydrogen storage concept unveiled

Tractebel and partner companies have developed what they describe as the world’s first offshore infrastructure and processing facilities concept for the storage of hydrogen in offshore caverns. The design study, unveiled by Tractebel Overdick GmbH, is said to outline an innovative solution for large

about 4 years ago

Outlook & Strategy

MSC World Europa paving way for maritime decarbonization

California-based Bloom Energy, French shipyard Chantiers de l’Atlantique (CdA), and the cruise division of Swiss MSC Group have revealed plans to launch the first cruise ship operating on solid oxide fuel cell (SOFC) technology.

about 4 years ago

Redeployment of Sabella's D10 tidal turbine (Courtesy of Sabella/Photo by Balao)

Outlook & Strategy

Sabella preps to launch €1.5M crowdfunding campaign

French tidal energy company Sabella has announced plans to launch a crowdfunding campaign to finance its tidal power research and project activities.

about 4 years ago

Outlook & Strategy

BP, Maersk Tankers: Marine biofuel trials prove success

British oil and gas company BP and Danish tanker shipping firm Maersk Tankers, with support from the Danish Maritime Authority, have completed trials using biofuel-blended marine fuel in product tankers.

about 4 years ago

Outlook & Strategy

Norwegian JV gets public funding to build ammonia-fueled ships

Ammonia-powered shipping JV has been awarded NOK 13.75 million in funding to build ammonia-powered vessels.

about 4 years ago

Outlook & Strategy

Europe to get 1st climate-neutral container terminal based on hydrogen tech

On the site of the former Coal Island, Germany’s duisport is to construct the trimodal Duisburg Gateway Terminal (DGT) by 2023 together with Cosco Shipping Logistics, Hupac SA, and the HTS Group.

about 4 years ago

Photo showing Nova Innovation's Eunice tidal turbine (Courtesy of Nova Innovation)

Outlook & Strategy

Nova Innovation ups tidal power tempo with €2.5M EIC grant

Scottish tidal energy company Nova Innovation has secured €2.5 million to build an upscaled tidal energy turbine, expected to further slash the cost of tidal power.

about 4 years ago

Outlook & Strategy

Novatek secures LNG services from Voronezh region companies

Russian natural gas producer Novatek had signed a cooperation agreement with Russia’s Voronezh region to increase the participation of the local companies in Novatek’s LNG projects.

about 4 years ago

Symphony Wave Power turbine (Courtesy of Teamwork Technology)

Outlook & Strategy

Symphony Wave Power turbine back in Netherlands for new set of trials

Dutch-based start-up Teamwork Technology has transported the turbine for its Symphony Wave Power device back to the Netherlands for a new set of trials.

about 4 years ago