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Transition

Allianz: Shipping reports lowest losses, but decarbonization poses an uphill battle

The shipping industry reported the lowest number of large ships lost in a year, according to Allianz Global Corporate & Specialty SE’s Safety & Shipping Review 2023. In 2022, there were 38 total losses of vessels worldwide, a significant decrease of more than a third compared to the previous year. T

about 3 years ago

Illustration; Source: International Energy Agency (IEA)

Transition

Spending on solar on the brink of surpassing oil investments for the first time ever, says IEA

The clean energy investment is now extending its lead over fossil fuels, boosted by energy security strengths, highlights the IEA.

about 3 years ago

Transition

Thenamaris delivers blue-ammonia cargo to China

Athens-based ship manager Thenamaris LNG has delivered the first certified blue ammonia cargo to China. The delivery comes on the back of the first certified blue ammonia cargo to Korea in December 2022, showcasing the growing importance of ammonia as part of the global decarbonization efforts. The

about 3 years ago

Transition

EEC shares insights on overcoming hurdles in permitting process for recycling of 1st ship

Netherlands-based ship recycling startup Elegant Exit Company (EEC) has received a green light from the Supreme Council for Environment (SCE) in Bahrain, a government entity in charge of the country’s environment strategy development, to move forward with the recycling of its first vessel. Elegant E

about 3 years ago

Illustration/Xfloat's floating solar technology (Courtesy of Xfloat)

Transition

Xfloat bags $1M grant to advance floating solar technology

Israel-based company Xfloat has secured a $1 million grant to advance its floating solar technology together with the partners from the United States.

about 3 years ago

Illustration; Source: The International Renewable Energy Agency (IRENA)

Transition

Repurposing oil & gas infrastructure to harness offshore wind power

Converting oil and gas infrastructure for use in the offshore wind industry would slash installation costs for renewable energy operators.

about 3 years ago

Transition

In focus: Will the hydrogen rainbow chase away fossil fuels’ clouds?

The global energy players are burning the midnight oil in pursuit of low-carbon solutions to curb emissions and enrich the energy mix.

about 3 years ago

Transition

Trafigura points to Global South’s potential in decarbonising shipping with Hydrogen-based fuels

Swiss commodity trading house Trafigura has released new research emphasizing the pivotal role that hydrogen-based fuels will play in decarbonising the shipping sector. The study highlights the significant potential for countries in the ‘Global South’ to produce green ammonia and green methanol, mee

about 3 years ago

Transition

BIMCO: 15,000 vessels set to be recycled by 2032

Over the next ten years, from 2023 to 2032, more than 15,000 ships with deadweight capacity of more than 600 million tonnes are expected to be recycled, more than twice the amount recycled in the previous ten years, BIMCO estimates. As recycling volumes increase, it is increasingly important that th

about 3 years ago

Transition

Development of world’s largest carbon-free green hydrogen plant in full swing

NEOM Green Hydrogen Company (NGHC), a joint venture created by ACWA Power, Air Products and NEOM, has achieved financial close on the mega green hydrogen production facility in Saudi Arabia at a total investment value of $8.4 billion. The financial close was reached following the signing of financia

about 3 years ago

Modular offshore platform; Source: Aquaterra Energy

Transition

In with green hydrogen, out with black gold: Will this be a blueprint for the Middle East’s energy transition or is there something else in store?

The Middle East is pivoting towards renewables and green hydrogen while building a more sustainable oil and gas sector.

about 3 years ago

Transition

Egypt teams up with Norway’s Scatec to set up green methanol plant

Egypt has made a step towards establishing the country’s first green methanol production project which will include investments of about $450 million and produce 40,000 tons of green methanol per year. The joint development agreement for this project was signed on 14 May by Egypt’s Alexandria Nation

about 3 years ago

Transition

Rethink Energy study: Green H2 is $850bn game everybody wants to play

According to a new study “Global Hydrogen Market Forecast to 2050,” published by Rethink Energy, the energy intelligence arm of Rethink Technology Research, the emergence of a global hydrogen marketplace of about six times the current market size now looks inevitable. In the study, Rethink predicted

about 3 years ago

The launch of IRENA NewGen Renewable Energy Accelerator - NewGen (Courtesy of IRENA)

Transition

IRENA sets up initiative to bolster youth-led renewable energy start-ups and projects

The International Renewable Energy Agency (IRENA) has launched a new initiative, the IRENA NewGen Renewable Energy Accelerator (NewGen), aimed at supporting young entrepreneurs and innovators in driving the renewable energy transition.

about 3 years ago