Hudong-Zhonghua Shipbuilding, a subsidiary of China Shipbuilding Corporation, hosted a naming ceremony for LNG-fuelled 23,000 TEU containership CMA CGM Rivoli on January 8. The ship is the fifth of the nine 23,000 container ships ordered by CMA CGM from China State Shipbuilding Corporation in 2017 a
Westwood has reported that 72 high-impact wells were drilled in 2020, which is below 2019 level when 99 wells were drilled. In 2021, Westwood’s projections indicate that activity could at least reach 2020 levels with the potential to reach up to 100 wells.
Oslo-listed asset and investment manager MPC Capital AG has initiated a new renewable energy platform under the brand MPC Energy Solutions as part of its strategy to capitalize on the growing demand for sustainable and cost-competitive low-carbon energy infrastructure. In a private placement directe
After embarking on an ambitious strategy for onshore power use, the Port of Rotterdam has now unveiled a detailed approach to realizing shore power within different shipping segments.
Spanish Valenciaport is making its debut in 2021 by joining the club of twelve international ports committed to decarbonisation and emission reduction projects.
Danish container shipping and logistics major A. P. Moller Maersk is setting up a dedicated team to accelerate the company’s decarbonization efforts. Morten Bo Christiansen has been appointed head of the decarbonization team of the company. As explained by Christiansen, the team will focus on speedi
The partnership targets zero-emission shipping markets with next-generation redox flow batteries.
Alcatel Submarine Networks (ASN) has signed a contract with Equinor to build a DC/FO subsea control infrastructure for Northern Lights CO2 transport and storage project. The ASN DC/FO will provide independent high electrical power and fiber connectivity to the subsea CO2 injection wells. Specificall
Norwegian shipping and tank terminal company Odfjell SE is planning to issue a sustainability-linked NOK denominated four-year senior unsecured bond. Odfjell said that the bond issuance would follow a series of fixed income investor calls commencing January 11, 2021. The company explained that it ha
Dutch power company Eneco and the Port of Rotterdam Authority, united in Rotterdam Shore Power BV, have agreed with port operator Vopak Terminal Europoort to conduct a feasibility study for the use of shore-based power at the terminal.
UK’s fund management company Tufton Oceanic has announced a deep corporate reorganisation designed to ensure further growth.
Scorpio Bulkers Inc. intends to change its name to Eneti Inc as part of its transition away from the dry bulk business towards marine-based renewable energy. “The change of the company’s name is subject to approval at an Extraordinary General Meeting to be held on February 3, 2021 for shareholders o
Geneva-based commodity trader Trafigura is investing up to €30 million into Belgium’s largest Battery Energy Storage Systems (BESS) at Nyrstar’s zinc smelting facility in Balen. The investment will be the first live project by Nala Renewables, Trafigura’s newly formed joint venture company with IFM
Electrification of Port of Tyne’s existing diesel-powered Liebherr mobile harbour crane and diesel-powered Drax Hoppers used for handling bulk material will help the port eliminate 700 tonnes of CO2 emissions in one year, the UK port said. These two initiatives aim to cut the port’s diesel consumpti
