The Sri Lanka Ports Authority (SLPA) aims to transform the Port of Colombo into an eco-friendly port by 2030, with a focus on renewable energy sources, aligning with the principles of a blue ocean economy. “In this context, we are actively exploring green energy solutions, including green methanol,
French tidal energy company Sabella has been placed in a receivership following several months of dealing with financial difficulties.
Solstad Shipholding, a subsidiary of Solstad Offshore, has reached an agreement with Aker, via its wholly owned subsidiary Aker Capital, AMSC, DNB Bank and Export Finance Norway (Eksfin) for an overall refinancing solution which will create a robust industrial platform going forward. Solstad has, to
Dubai-based port operator DP World has signed a 30-year concession agreement with the Tanzania Ports Authority (TPA) to operate and modernize the multi-purpose Dar es Salaam Port. The concession was awarded with the primary objective of optimizing the port’s operations to improve transport and logis
Six consortia have been shortlisted by the Energy Market Authority (EMA) and Maritime and Port Authority of Singapore (MPA) for Singapore’s ammonia power generation and bunkering project on Jurong Island. The selected proposals will advance to the next stage of development through a closed Request f
Wave Energy Scotland (WES) has awarded funding to five wave energy projects as part of its Direct Generation Concept Design Competition, which aims to develop new class of wave energy devices.
Industry giants Chevron, Euronav, and Cargill have announced their joint operational efficiency ambition statement as part of the Global Maritime Forum Annual Summit in Athens. Under the ambition, the trio committed to adopt vessel optimization strategies that can decrease annual fuel consumption by
The Finnish Government has granted survey permits for Ilmatar Offshore’s two new project areas, Bothnia and Bothnia West, in the Finnish Exclusive Economic Zone. Ilmatar Offshore has identified two new areas suitable for offshore wind in the Finnish Exclusive Economic Zone. The project areas are cal
The first minister of Wales Mark Drakeford has officially opened the substation linked to Morlais tidal energy site on Anglesey in Wales.
In order to catch up with the ambitions of decarbonization targets for the maritime industry, shipowners are being encouraged to start proactively securing long-term contracts for green fuels from serious players as the availability of these fuels is likely to be restricted amid demand from other se
Green corridors are likely to transform the realm of shipping finance as the focus shifts from emissions from ships to the entire supply chain, according to Michael Parker, Chairman of the Poseidon Principles. Parker spoke on a panel on Wednesday as part of the launch of Progress Toward Shipping’s 2
Canada’s Ksi Lisims LNG has filed an application to the British Columbia (B.C.) Government for an environmental assessment certificate (EAC) after consultation, studies and analysis designed to identify and mitigate potential effects on a wide range of matters related to the project. The filing is s
In the race to achieve the 5% target for scalable zero-emission fuel (SZEF) goal by 2030, the global shipping industry has made significant progress over the past year, as revealed in a recent report from UMAS, Getting to Zero Coalition, and Race to Zero. The developments are promising, but as the 2
The Maritime Union of Australia (MUA) is urging the Australian government for a major shakeup of government policy and regulation of the dismantling, processing, recycling and disposal of offshore oil and gas infrastructure. MUA, alongside Macquarie University’s Centre for Energy and Natural Resourc
