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Transition

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Wartsila
Transition

Wärtsilä: Volatile attitude toward digitalisation of maritime industry persists

Some 78% of industry professionals agree that change and technological innovation are positive things for the maritime industry, according to a report by Wärtsilä Corporation. However, almost half (45%) admit to having a volatile attitude towards technology and over a third (36%) say they are active

about 3 years ago
Illustration; Ammonia-ready
Transition

Clarksons: Ammonia-ready at 10.8 pct as alternative fuel orders hit new heights

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The majority of the newbuilding tonnage ordered in 2022 was alternatively fuelled, according to the data from Clarksons Research. Insights from the shipbroker show that 61% of tonnage ordered last year (35% by number) was alternatively fuelled. Overall, 83.4 million dwt was ordered across vessel sec

about 3 years ago
Energy transition needs fair and realistic solutions; natural gas is destination fuel, says Qatar’s energy minister
Transition

Energy transition needs fair and realistic solutions; natural gas is destination fuel, says Qatar’s energy minister

So far, global net-zero ambitions have not been supported with an actual plan beyond setting expectations by a certain date and the world cannot solve its environmental and climate change problem without being realistic about the solution, according to Saad Sherida Al-Kaabi, the Minister of State fo

about 3 years ago
Low-carbon investments set to hit $620 billion in 2023, Rystad says
Transition

Low-carbon investments set to hit $620 billion in 2023, Rystad says

While low-carbon investments overtook oil & gas spending for the first time in 2022, this growth is expected to slow in 2023, says Rystad.

about 3 years ago
Yara Kara, Image by Yara International
Transition

In focus: Ammonia emerges as a ‘trump card’ as countries dash for energy security

As we entered into a new year, the mission remained the same. In the next twelve months, the offshore energy sector will continue to work on the steps to ameliorate immediate challenges and climate change impact.

about 3 years ago
UAE’s oil & gas giant earmarks $15 billion for decarbonisation
Transition

UAE’s oil & gas giant earmarks $15 billion for low-carbon projects

To scale up its decarbonisation efforts by 2030, ADNOC has hammered out a multi-year action plan, allocating $15 bln for low-carbon projects.

about 3 years ago
Shipping
Transition

Israel to implement 0.10 pct sulphur cap in ports

Vessels calling at Israeli ports will need to burn marine fuels with a 0.10% maximum sulphur content under new regulations taking effect in February 2023, the North Club informed. As informed, the Israeli government is enacting new regulations that will put in place measures similar to the EU direct

about 3 years ago
methanol-fuelled Stena Prosperous
Transition

A year in review for methanol as marine fuel: 82 ships by 2028

2022 has been a stellar year for methanol as an alternative fuel for ships as owners look to solutions to decarbonize their fleets. Based on the data from DNV, there are currently a total of 82 methanol-powered ships in operation and on order. The figure grew considerably from what we reported in Au

about 3 years ago
Courtesy of Niedersachsen Ports
Transition

Most read stories on Green Marine in 2022

As we enter a new year, it is time for us to have a look back at the most-read stories from the past year. 2022 has been a rather turbulent year in many respects. As the world started to emerge from the COVID-19 pandemic, another black swan event rocked the shipping markets to the core, […]

about 3 years ago
Japan and Saudi Arabia forge clean energy alliance
Transition

Japan and Saudi Arabia forge clean energy alliance

Japan and Saudi Arabia have signed memoranda of understanding (MoUs) for cooperation in the areas of circular carbon economy (CCE) and carbon recycling as well as clean hydrogen, ammonia and derivatives. The MoUs were signed during the first ministerial meeting of the Saudi-Japanese Ministerial Dial

about 3 years ago
LNG-powered
Transition

LNG as marine fuel: A risky or future-proof investment?

LNG has been described as a transitional fuel for the shipping industry for years now, and a practical solution for shipowners who want to act now on their emissions and not wait on the side-lines. Nevertheless, as of recently, we are also seeing that LNG is becoming a fuel in transition as owners s

about 3 years ago
INTOG leasing illustration (Courtesy of Crown Estate Scotland)
Transition

In focus: Oil and gas electrification gains ground as offshore energies forge closer ties

Offshore energy industries, which up until recently had little in common, are becoming increasingly intertwined as governments and private sectors step up their game for a more integrated and sustainable energy mix of the future.

about 3 years ago
IMO Secretary General
Transition

IMO fails to adopt more ambitious 2050 target

The IMO failed to adopt a concrete shipping decarbonisation target for shipping this week following the Marine Environment Protection Committee (MEPC 79) meeting that ended earlier today. The support from the member countries for eliminating the industry’s emissions by 2050 and for setting interim t

about 3 years ago
Ship
Transition

Poseidon Principles: 7 out of 28 banks in line with IMO’s GHG reduction target

Out of the 28 financial institutions reporting their emissions data in the third edition of the Poseidon Principles Annual Disclosure Report 2022, seven banks are aligned with the IMO’s ambition of halving shipping’s GHG emissions by 2050. The Poseidon Principles are a global framework for assessing

about 3 years ago