Electricity is continuing to gain traction in previously thought to be hard-to-electrify sectors including heavy trucking and aviation. Electricity’s share in transport will grow from 1% today to 23% in 2050, according to DNV’s latest Transport in Transition report. DNV’s Transport in Transition report is a deep dive into the energy transition of transport – …
DNV forecasts oil demand in transport sector to half by 2050 Read More »
Klaveness Combination Carriers ASA (“KCC”) opens 2023 with another record quarter, with EBITDA of USD 41.0 million and EBT of USD 28.2 million yielding a return on equity on an annualized basis of 37% [1]. A flourishing tanker market, solid contract base, and expected continued strengthening of the dry bulk market position KCC on a …
KCC First Quarter 2023 – Opening the year with another record quarter Read More »
As the maritime industry transitions to a low and zero-carbon future, African policymakers are being advised to implement training infrastructure as quickly as possible to maximize ‘high-quality’ employment opportunities for African workers and facilitate the continent’s green transition. Speakers at today’s ‘Unlocking Green Maritime Jobs’ panel-discussion outlined the growing demand for seafarers able to handle …
African leaders urged to harness seafarer green skills momentum Read More »
The companies awarded by MEA get the opportunity to work closely together with a transnational team of Marine Energy experts on both the technical advancement of their technology, as well as the development of their commercial strategy and business plans. Each service offer is intended to put the company’s technology and business firmly on the …
In focus: Step by step towards the clean energy transition Read More »
Two more oil majors – Shell and ConocoPhillips – have joined their peers in posting results for the first quarter of 2023 that were hampered by the downward trend and volatility, which has befallen the oil and gas prices after the elevated levels observed last year during the heights of the global energy crisis. While …
The Mission to Seafarers has published the latest Seafarers Happiness Index report for Q1 2023, revealing a decline in overall happiness levels among seafarers during the first three months of the year. Image credit Mission to Seafarers The Seafarers Happiness Index (SHI) report covers ten key questions that provide insights into the challenges and opportunities …
HGK Shipping, Hydrogenious LOHC Maritime and Hydrogenious LOHC Technologies have signed a Memorandum of Understanding (MoU) with the goal to develop a scalable solution to make hydrogen available as a source of energy on a large scale. Courtesy of HGK Shipping According to HGK, the technology is based on hydrogen, which is bound in a …
HGK Shipping signs MoU on hydrogen tech, christens new chemical tankers Read More »
The consortium partners behind the Project Greensand have developed a new monitoring technology that has successfully monitored that the stored CO2 in the North Sea subsoil is at the right location. Deployment of monitoring tech for Project Greensand (Courtesy of TGS) Deployment of monitoring tech for Project Greensand (Courtesy of TGS) Project Greensand’s consortium partners …
Newly developed monitoring technology for CO2 storage in North Sea proves successful Read More »
Dry bulk shipping company Eagle Bulk has acquired two high-specification, 2020-built scrubber-fitted Ultramax bulk carriers for $60.2 million. Stamford Eagle; Image credit Eagle Bulk Shipping These vessels, renamed the Halifax Eagle and Vancouver Eagle, are expected to be delivered during the second quarter, and will enhance the company’s fleet of midsize drybulk vessels. Meanwhile Eagle …
Eagle Bulk adds two scrubber-fitted Ultramaxes, offloads three older bulkers Read More »
Icon of the Seas, Royal Caribbean International’s first LNG-powered cruise vessel, is scheduled to commence sea trials in mid-June. Courtesy of Meyer Turku According to Meyer Turku, the shipbuilder of what is expected to be the world’s largest and most technically advanced cruise ship, the construction is progressing at a good pace and preparations for her …
LNG-powered Icon of the Seas gearing up for sea trials Read More »
