Swedish tanker shipping company Stena Bulk has joined forces with the voluntary energy group Oil and Gas Climate Initiative (OGCI) in a feasibility study on carbon capture onboard ships while at sea. OGCI said the project was in part an extension to OGCI member Aramco’s work on demonstrating carbon
Hong Kong-based containership operator Seaspan Corporation has closed a $200 million sustainability-linked loan inspired by the Poseidon Principles framework. The voluntary framework developed by the banking sector aims to accelerate the implementation of the shipping sector’s green agenda in line w
Singaporean-based tonnage provider Eastern Pacific Shipping (EPS) has hired GoodFuels to supply biofuel bunkers for one of its MR tankers. The company bunkered its 2010-built 47,377 deadweight tonne MR tanker M/T Pacific Beryl. with the residual-fuel equivalent Bio-Fuel Oil on October 9 in Dutch wat
Stockholm-based Royal Institute of Technology (KTH), one of the partners in the Oceanbird development project, has tested the seven-meter long Oceanbird model with one wing on deck, in open water. The wing sails are an essential part of the ship design, a wind-powered Pure Car and Truck Carrier (PCT
Market research provider and consultancy Westwood Global Energy Group has filled a newly-created role of head of energy transition.
The Dutch Port of Rotterdam and the Municipality of Rotterdam are working together on the joint rollout of shore-based power for sea-going vessels in Rotterdam.
Bulker owner and operator Scorpio Bulkers is pushing forward with the disposal of vessels as part of its strategy to secure a foothold in the offshore wind market. In its latest move, Scorpio inked agreements with an unaffiliated third party to sell SBI Phoenix and SBI Samson, two Ultramax bulk carr
Norwegian energy giant Equinor is teaming up with a tech giant Microsoft on Northern Lights carbon capture and storage (CCS) value chain in Norway.
BNP Paribas Asset Management has expanded its range of sustainable thematic investments with the launch of its first blue economy exchange-traded fund (ETF). The fund will build on the work BNP achieved with the circular economy ETF it launched in May 2019. This new ETF, called the BNP Paribas Easy
Introduction of a carbon levy in the shipping industry must be done in a uniform, transparent and fair manner, Jeremy Nixon, CEO of Ocean Network Express (ONE) believes, reaffirming the industry’s pushback against a regional approach. A carbon levy on bunker fuels is being proposed as a way of colle
Australia’s Global Energy Ventures revealed today the design of a new compressed hydrogen ship (H2 Ship) tailored for the transport of zero-carbon energy. The Aussie developer of global integrated marine compressed natural gas (CNG) projects anticipates that detailed engineering will be lodged as pa
United European Car Carriers (UECC), a Norway-based provider of shortsea RoRo transportation, has joined the United Nations Global Compact, the world’s largest corporate sustainability initiative.
Manitou Group, a French company specializing in handling, aerial work platforms, and earthmoving, has formalized its partnership with Neoline, a provider of eco-friendly maritime transport services via RoRo cargo ships using sails for main propulsion.
Swedish-based Wallenius Marine AB has become a member of the International Windship Association (IWSA), the not-for-profit organization promoting and facilitating the uptake of wind propulsion for commercial shipping. The move comes on the heels of the company’s unveiling of the newly designed wind-
