In the UK, Financial Times reports Vincent Clerc, CEO of AP Møller-Maersk, warned that Europe risks falling behind the US and China in green technology innovation due to insufficient incentives. Speaking in an interview with a Financial Times reporter, Clerc highlighted that while both Washington and Beijing have implemented substantial subsidies for companies transitioning away […]
In Sweden, PowerCell Group secured a SEK 165 million order from a leading Italian marine OEM manufacturer for 56 Marine System 225 fuel cell units, marking one of the largest marine fuel cell orders to date. These systems, scheduled for delivery between mid and late 2025, will primarily power commercial cruise ships, providing over 6.3 […]
In the Netherlands, TankMatch, a leading barge operator, and Evos, an independent liquid bulk storage provider, announced a strategic alliance to deliver green methanol bunkering services across the Amsterdam–Rotterdam–Antwerp region. With over 300 methanol-capable vessels expected to enter operation by 2028, the partnership aims to address the rising demand for sustainable marine fuels by offering […]
In Florida, The Maritime Executive reports South Korean shipbuilder HD Hyundai, in collaboration with American Bureau of Shipping, unveiled autonomous safety technology to enhance crew safety aboard ammonia-fueled vessels by reducing human presence in hazardous areas through remote propulsion control and automated monitoring systems. The new “Unmanned Engine Room” concept addresses the inherent dangers of […]
In the UK, on September 26, 2024, the global maritime community marks World Maritime Day, celebrating 50 years since the adoption of the International Convention for the Safety of Life at Sea with events held at the International Maritime Organization’s headquarters in London. United Nations Secretary-General Antonio Guterres, said: “Today, the maritime sector is undergoing […]
In New York, Amogy successfully completed the maiden voyage of the NH3 Kraken, the world’s first carbon-free, ammonia-powered maritime vessel, sailing on a Hudson River tributary near New York City as a demonstration of its proprietary ammonia-to-power technology. The vessel, originally built in 1957 and retrofitted with Amogy’s ammonia-to-electrical power system, marks a pivotal advancement […]
In Norway, Purus ordered two 45,000 cbm dual-fuel ammonia-ready medium-sized gas carriers from Hyundai Mipo Dockyard in South Korea to expand its fleet and enhance its role in sustainable energy transport, with delivery expected in 2027. This purchase, part of Purus’s strategy to lead in clean energy logistics, will add to its growing ammonia transport […]
In Singapore, Splash 247 reports Danish towage company Svitzer placed an order with Uzmar shipyard in Turkey for the world’s first tugboat powered by a combination of a 6MWh battery and dual-fuel methanol engines. Scheduled to perform a significant portion of its duties at Sweden’s port of Gothenburg, this 34.9-meter vessel is designed to operate […]
In Germany, a new report from the International Council on Clean Transportation, reveals that only four of the 17 major automakers selling vehicles in Europe and North America have committed to using fossil-free steel by 2030. Fossil-free steel, produced using technologies like green hydrogen, can reduce steel-related emissions by up to 95% with minimal cost […]
In California, Twelve, a carbon transformation company focused on decarbonizing industries, has raised $645 million to accelerate the production of sustainable aviation fuel. The funding includes $400 million in project equity led by TPG Rise Climate, $200 million in Series C financing, and $45 million in credit facilities. This marks one of the largest financial […]
