The world’s largest container shipping company Maersk is betting on a large-scale retrofit of its fleet with engines running on alternative fuels rather than planning a dramatic ordering spree to rejuvenate it and make its ships more eco-friendly. During today’s full-year investors’ presentation, Sø
FPSO operator BW Offshore has decided to record an impairment to the book value of three FPSOs, amounting to $59.6 million, in the fourth quarter of 2020 amid continued uncertainty regarding redeployment. The three FPSOs are Berge Helene, BW Cidade de São Vicente, and Espoir Ivoirien, BW Offshore sa
Athens-based pure-play Capesize vessel owner Seanergy Maritime Holdings Corp. announced that its existing fleet will remain compliant with applicable greenhouse gas (GHG) regulatory requirements until 2030 with no material cost for the company. The conclusion comes on the back of an evaluation of th
State-owned oil companies could waste around $400 billion on investments in the next decade on new oil projects that will struggle to turn a profit as the world shifts away from fossil fuels, NRGI said in its latest research.
Canadian energy storage solutions provider Sterling PlanB and India state-controlled shipyard Garden Reach Shipbuilders and Engineers (GRSE) have signed a memorandum of understanding (MOU) to facilitate an increase in access to hybrid and fully electric propulsion and power solutions expertise throu
Kentech has made a move to buy SNC-Lavalin’s oil and gas business in an effort to accelerate its growth strategy and address the energy transition.
Wave energy company AW-Energy has joined the E-fuel research project looking to drive forward the commercialisation of the electrofuel (e-fuel) production using sustainable electricity and sequestered carbon dioxide.
Intertek has landed a contract with Sun Cable to provide marine survey client representation services to assure quality and safety of the Australia-ASEAN Power Link (AAPL). The AAPL is a proposed 3,750-kilometre international offshore infrastructure project bringing renewable solar energy from North
Total decided to change its name as part of its efforts to anchor its transformation into a broad energy company in line with energy transition
BAE Systems to power University of Vermont research vessel with emission-reducing electric power and propulsion system.
Norwegian HitecVision and compatriot Agder Energi are teaming up to develop new companies for the coming energy transition.
German liner company Hapag-Lloyd has concluded two green financial deals worth a total of $889 million. The financing will be used for six ultra-large 23,500 TEU container ships, which were ordered in December 2020. The company said that the two deals include debut transactions according to the Gree
Finnish shipping companies ESL Shipping and Meriaura are participating in a consortium that recently launched the E-fuel research project in Finland.
TECO 2030, an Oslo-based engineering and equipment development company, has partnered up with Thecla Bodewes Shipyards in Holland to develop zero-emission hydrogen-based fuel cell propulsion. The partners are set to focus on all types of river going vessels, such as push tugs, dredgers, passenger an
