Japanese shipping company NYK has placed an order for its first two liquefied petroleum gas (LPG) dual-fueled very large gas carriers (VLGCs) at Kawasaki Heavy Industries Ltd. Both ships will be built at the KHI Sakaide Works shipyard and are set for delivery in 2022. Outline of Vessel Length overal
UK-based Windship Technology has unveiled its zero-emission ship design and announced an investment partnership with DNV GL, one of the world’s leading classification agencies. The vessel design features a patented triple-wing rig as well as a new diesel-electric ship drive system that eliminates CO
Japanese shipping major NYK has signed a sustainability-linked loan agreement worth $50 million with the compatriot Shiga Bank. This is the first sustainability linked loan contract denominated in a foreign currency to be inked in Japan, and the second one for NYK following the signing of a yen-deno
Oil & Gas UK has announced the appointment of a new co-chair to its board, as the sector focuses on the industry’s recovery whilst meeting net-zero targets.
Over the next five years, Northland Power could invest between at least CAD 15 billion and CAD 20 billion (between EUR 9.8 billion and EUR 13 billion) in new offshore wind projects in which it holds ownership shares, with offshore wind being an anchor for its next phase of growth in the renewable en
Japanese banking and financial institution Sumitomo Mitsui Banking Corporation has become a signatory of the Poseidon Principles, a regulatory framework for responsible financing of the shipping industry. The general idea behind the framework is for the signatory banks, as capital providers, to supp
Swedish ferry company Stena Line plans to start operating two fossil-free battery powered vessels on the route between Gothenburg and Frederikshavn in Denmark no later than 2030.
Maersk Tankers has become a signatory of the Sea Cargo Charter, a global framework that establishes a common baseline for global traders to report on CO2 emission reductions of their shipping activities. The Sea Cargo Charter is consistent with the targets of the UN’s International Maritime Organiza
Aker BP has pledged to remain a pure-play oil and gas company and contribute to the energy transition through minimizing emissions and by sharing data.
Denmark has reached a landmark agreement on the construction of an energy hub in the North Sea. The energy hub will be an artificially constructed island 80 kilometers from the shore of the peninsula Jutland. Around 200 wind turbines with a combined capacity of 3 GW are expected to be installed in t
French energy major Total has joined the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping as a strategic partner as the company accelerates its R&D program for carbon-neutral shipping solutions.
Ballard Power Systems has signed a non-binding Memorandum of Understanding (MOU) with Global Energy Ventures, an Australia-based provider of integrated compressed shipping solutions for the transportation of energy, for the development of a new fuel cell-powered ship, called C-H2 Ship, designed to t
In November 2020, the IMO approved amendments to MARPOL Annex VI, introducing an Energy Efficiency Design Index for existing ships (EEXI). Subject to adoption at MEPC 76 in June 2021, the requirements will enter into force in 2023. The EEXI will be applicable for all vessels above 400 GT falling und
A collaborative, green solution developed by COSL Drilling Europe, Kongsberg, and NOV is poised to generate savings in offshore drilling operations.
