Belgian tanker shipping major Euronav has received a commitment of $190.5 million to finance four newbuildings entering service in 2023 as part of the company’s latest sustainability-linked financing. Euronav has been working on its sustainability-linked financing since 2020, when it started convert
The wind-assisted propulsion sector has experienced remarkable growth and continued momentum during the first half of 2023, with significant advancements reshaping the maritime industry. During this period the sector has seen five new installations, the delivery of six wind-ready vessels, and boasts
Thomas Gros, a senior energy industry executive, sees offshore wind as the linchpin of the decarbonised energy mix.
Greek electricity grid operator Independent Power Transmission Operator (IPTO or Admie) has put into operation the upgraded Zakynthos-Kyllini interconnection, said to secure the energy supply of the Ionian Islands. The new 150 kV high-voltage submarine cable system replaced the existing interconnect
Malaysia Marine and Heavy Engineering (MMHE) has placed an order with a Japanese company for a gas compressor to be used for what the company says is the world’s largest offshore carbon capture and storage (CCS) project. The Tokyo-headquartered Kawasaki Heavy Industries revealed on 1 August that it
A deep dive into the recent developments in the UK and the way the energy industry feels about their potential impact on net-zero aspirations.
Norwegian ship owning company Ocean Yield revealed it will purchase four LR1 product tankers, to be constructed at Guangzhou Shipyard International (GSI) in China. The design of the vessels will enable the ships to be converted to dual-fuel operation with methanol as fuel. The tankers are scheduled
SSEN Transmission is set to hold two information events in August about the planned subsea electricity transmission link between Orkney and Caithness, which is said to play a crucial role in further unlocking Orkney’s vast renewable energy potential. The Orkney transmission link will enable the conn
The CBH Group has joined a consortium of companies participating in the Blue Visby project, which supports research into practical solutions that help reduce the international shipping industry’s greenhouse gas emissions.
French company EEL Energy has deployed its biomimetic tidal energy turbine in the Rhône river near Lyon – the first of four planned – foreshadowing the future where fluvial clean energy farms make a significant contribution to decarbonization and diversification of power generation mix.
Deltamarin, a Finland-based marine engineering company, has won several Pure Car and Truck Carrier (PCTC) ship design contracts in recent months featuring alternative fuels. Notably, China’s largest electric car manufacturer, BYD Auto, has commissioned four 9,200 CEU PCTCs from China Merchants Indus
BP has revealed solid results for the second quarter of 2023, however, this represents a 70 per cent decrease on a year-over-year basis.
Danish and Belgium transmission system operators (TSOs) have awarded a Dutch company with a contract to deliver consultancy services for an interconnector that will link the high-voltage grids in Belgium and Denmark through two energy islands in the North Sea. Denmark’s Energinet and Belgium’s Elia
The Government of Spain, via the Moves Singular Projects II Programme, has granted EUR 3.9 million ($4.28 million) to APM Terminals Barcelona to finance part of a pilot project for the electrification of the container handling equipment operating at the terminal. The Moves Singular Projects II Progr
