lomarlabs, a new subsidiary of UK-based shipowner Lomar Shipping, part of LIbra Group, has partnered with climate tech start-up Seabound, in a bid to reduce emissions and catalyse cost-effective methods to capture CO2 onboard vessels. Seabound has developed a patent-pending compact carbon capture de
US-based renewable energy developer Solential Energy has announced partnership with Fort Wayne City Utilities for the development of first floating solar array in the American Midwest.
Romanian companies Transgaz and E.ON have signed a memorandum of understanding (MoU) planning to cooperate in order to consolidate Romania’s energy security by aligning and correlating the development strategies regarding the natural gas infrastructure with the European Green Deal provisions and oth
The Hutchison Ports BEST terminal in the Port of Barcelona has achieved an emission reduction of 57% in 2022 against 2021, the terminal operator said. The terminal operator added that it has eliminated scope 2 emissions by opting for electricity from 100% renewable energy. Guillermo Belcastro, CEO o
Keppel Infrastructure and ExxonMobil Asia Pacific have signed a memorandum of understanding (MoU) to develop access to low-carbon hydrogen and ammonia for scalable commercial and industrial applications in Singapore. According to Keppel, this MoU follows the Singapore government’s launch of its Nati
Singapore-based Ocean Network Express (ONE) has decided to install two containerized wind assist units on one of their operated container feeder ships before the end of 2023. The 143m, 1036 TEU capacity Kalamazoo is owned by Singapore-based Norse and the wind assist systems will be supplied by the N
Malaysian shipping company MISC Berhad (MISC) has entered into a $527 million sustainability-linked loan for the financing of six very large ethane carriers (VLECs). MISC said that the loan was signed through the company’s Singapore-based subsidiaries and that Standard Chartered acted as structuring
South Korean shipping major HMM plans to conduct field tests of an onboard carbon capture system (OCCS) for containerships along with Samsung Heavy Industries (SHI) and PANASIA in the second half of this year. OCCS is an advanced technology to capture CO2 from greenhouse gas emissions generated duri
Marine Renewables Canada and the UK Marine Energy Council have entered into an agreement to share knowledge and support development of the marine renewable energy industry.
Oriana Power has completed the installation of 1MWp floating solar power plant in northern India, which is said to be the first of its kind in the state of Rajasthan.
Japanese shipping firm Asahi Tanker Co. has taken delivery of the world’s second pure battery tanker, named the Akari. The vessel completed its historic first bunkering operation in Kawasaki on April 14, supplying the MOL-operated iron ore career UNTA. The vessel was built by Imura Shipbuilding and
The European Parliament formally approved on Tuesday the new EU Emissions Trading System (ETS) law, earmarking around EUR 2 billion of the revenues of the Innovation Fund for the maritime sector. European Community Shipowners Association (ECSA) welcomed the move, saying that the deal will mark a tur
Swedish-Israeli wave energy company Eco Wave Power has set out plans to open a subsidiary in the United States, under the name Eco Wave Power US.
Shandong Shipping, the third largest shipowner in China, has made a major investment in newbuild vessels by ordering twelve 82,000 dwt Kamsarmaxes at Jiangsu New Hantong Ship Heavy Industry. The deal marks the largest newbuild order ever made by Shandong Shipping. The company said that it has signed
