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Transition

Star Bulk and Eagle join forces to create dry bulk shipping powerhouse

Nasdaq-listed dry bulk shipping company Star Bulk Carriers and Eagle Bulk Shipping, one of the world’s largest owner-operators within the midsize dry bulk vessel segment, revealed their intent to merge through an all-stock agreement. The merger is expected to create a dry bulk shipping powerhouse wi

about 2 years ago

António Guterres, UN Secretary-General; Credit: UNFCCC/Kiara Worth

Transition

COP28: Will a magic wand sweep away oil, gas, and LNG in favor of green agenda?

As a battle over fossil fuel language continues to rage, the pressure is not letting up on demands to phase out fossil fuels.

12 minutes read

Transition

EU ETS will cost the shipping industry billions, says ITIC

The cost of the European Union’s (EU) new Emissions Trading Scheme (ETS) to the shipping industry could be in the billions, according to the forecasts from International Transport Intermediaries Club (ITIC). The extended EU ETS, which comes into force on 1 January 2024, will set an annual absolute l

about 2 years ago

Transition

Hapag-Lloyd studying 4,500 TEU wind-powered boxship concept

German container shipping company Hapag-Lloyd is eyeing a potential 4,500 TEU newbuilding vessel with wind-assisted propulsion as part of the company’s R&D activities involving alternative technologies and fuels.

about 2 years ago

Transition

Can shipping go beyond the COP28 razmataz and deliver on net zero targets?

Following a day of active discussions at the Shaping the Future of Shipping: Delivering a Net Zero World summit yesterday, 60 maritime organisations and government partners agreed on a course to deliver the IMO’s net-zero strategy at Shaping the Future of Shipping, an event hosted by the Internation

about 2 years ago

Transition

WSC: We need to get regulations right in next two years to ensure renewable fuels’ availability

In a bid to secure a competitive landscape for the availability of renewable fuels to power maritime vessels, energy providers need to have regulatory frameworks established within the next two years. The call comes with the recognition that substantial investments in new fuels are imminent, conting

about 2 years ago

VARD receives order for hybrid cable lay and construction vessel from Japan

Transition

VARD to deliver ‘highly customized’ hybrid cable lay & construction vessel to Japan

Norway’s VARD has secured a contract worth over $200 million to deliver a highly customized hybrid power cable lay and construction vessel to what it says is a leading Japanese construction company. The contract was signed with Toyo Construction, a Japanese general construction company that operates

about 2 years ago

Transition

WEF: MOL, Maersk showing readiness to procure green fuels but price gap remains main barrier to decarbonization

On the margins of COP28, shipping companies Mitsui O.S.K. Lines (MOL) and Maersk are actively sending a signal of readiness to procure green fuels and drive economies of scale.

about 2 years ago

Survey activities about to start at Scottish subsea link

Transition

Survey activities for Scottish subsea link to take place until April

Marine survey activities are set to begin this month for the Eastern Green Link 2 (EGL 2) subsea electricity superhighway between Scotland and England. The survey activities are planned to commence from Peterhead, Scotland, in December and continue in Scottish waters until approximately February 202

about 2 years ago

Transition

Houston, Antwerp-Bruges ports and partners pen energy transition accord

U.S. and Belgian cargo hubs Port Houston and the Port of Antwerp-Bruges, together with four other partners, have signed a landmark agreement to form a strategic alliance aimed at accelerating the transatlantic green transition. The two ports are joined by the Center for Houston’s Future, Waterstofne

about 2 years ago

Mocean Energy’s Blue X wave energy converter and Verlume’s Halo battery storage system for RSP project (Courtesy of Mocean Energy)

Transition

TotalEnergies invests in collaborative wave power subsea project

TotalEnergies has joined the Renewables for Subsea Power (RSP) collaborative project which is currently powering subsea equipment off the east coast of Orkney in Scotland, with wave power from Mocean Energy and intelligent subsea energy storage from Verlume.

about 2 years ago

Northern Lights CCS project grabs a slice of EU's Connecting Europe Facility funding

Transition

Northern Lights CCS project grabs a slice of EU funding

The European Commission (EC) has awarded €131 million for the Northern Lights carbon capture and storage (CCS) project under its Connecting Europe Facility (CEF) funding scheme. A total of eight cross-border energy infrastructure projects are getting a part of the EU funds. EU Member States have end

about 2 years ago

Transition

Avance Gas sells ammonia-ready dual fuel VLGC newbuilds

Norwegian shipping company Avance Gas has agreed to sell its two remaining 91,000 cbm dual fuel newbuildings scheduled for delivery next year. The company said that the two newbuildings would be sold for $240 million en bloc. The buyer of the vessels was not disclosed. The very large gas carriers (V

about 2 years ago

Transition

VTTI and Höegh LNG propose to develop FSRU-based energy terminal in Vlissingen port

Dutch energy infrastructure company VTTI and Norwegian owner and operator of LNG carriers and FSRUs Höegh LNG have signed an agreement to study options to develop and operate the FSRU-based Zeeland Energy Terminal in the Vlissingen port area in the Netherlands. Expected to become operational in the

about 2 years ago