In Texas, KBR has been awarded a contract by Samsung Heavy Industries to conduct a conceptual study on a floating blue ammonia production facility. SHI, one of South Korea’s largest shipbuilders, is diversifying into ocean energy, and the study will focus on integrating KBR’s ammonia technology with SHI’s floating vessel designs. The project leverages KBR’s […]
In the UK, ZeroAvia, a developer of hydrogen-electric propulsion systems for aircraft, has closed an extended Series C financing round, raising $150 million. This round saw the Scottish National Investment Bank contribute £20 million, joining investors such as American Airlines, IAG, and ITOCHU Corporation. The funding will accelerate certification efforts for ZeroAvia’s first hydrogen-electric powertrain […]
In Washington D.C., the U.S. Department of Energy in collaboration with the Department of Agriculture and the Federal Aviation Administration, has announced $12 million in new funding to advance biorefinery technologies and released a progress report on sustainable aviation fuel production. The report, unveiled on September 11, 2024, at the North American SAF Conference, highlights […]
In India, Mint reports state-owned oil and gas company BPCL has entered joint ventures with Sembcorp Green Hydrogen India and GPS Renewables to develop renewable energy and biogas projects across India, as part of its strategy to achieve net-zero emissions and diversify its energy portfolio. BPCL will hold a 50% stake in both ventures. The […]
In California, gCaptian reports in a bid to bypass Western sanctions, Russian energy producer Novatek has dispatched the “Everest Energy”, a non-ice class LNG carrier, through the icy waters of the Northern Sea Route. This unprecedented move marks the first time a conventional vessel has attempted the Arctic passage, which is typically reserved for specialized […]
In Sweden, AtoB@C Shipping and EFO, a joint venture of Swedish energy companies, announced their collaboration aimed at reducing carbon dioxide emissions from maritime transport. The initiative involves substituting 10% of EFO’s annual fuel consumption with renewable alternatives, leading to a projected 8.5% reduction in lifecycle emissions. Andreas Ukmar, CEO at EFO, expressed enthusiasm for […]
In Brussels, Mario Draghi, former Prime Minister of Italy and ex-President of the European Central Bank, issued a report detailing the urgent need for Europe to secure its position in global shipping through decarbonisation and innovation. The report stresses that Europe is at risk of falling behind major global competitors unless immediate and coordinated actions […]
In Norway, Offshore Energy reports in a significant collaboration, A.P. Moller Maersk and Hapag-Lloyd announced the details of their operational partnership, the Gemini Cooperation, set to launch in February 2025. This cooperation will deploy between 300 and 340 vessels, with Maersk providing 60% and Hapag-Lloyd 40% of the fleet. Many of these ships will be […]
In Germany, Oldendorff Carriers announced a new partnership with the University of Strathclyde to establish a Glasgow-based research centre focused on developing innovative technologies for decarbonising the shipping industry. Oldendorff Carriers’ Director of Research & Development Dr. Torsten Barenthin said, “Frustrated by the slow development of significant decarbonisation technologies, Oldendorff feels compelled to invest in […]
In Australia, Baird Maritime reports Singapore-based X-Press Feeders took delivery of “Eco Zephyr”, the final vessel in a four-ship series powered by methanol. The ceremony took place at Jiangsu Yangzijiang Shipbuilding’s facilities in China. The “Eco Zephyr” joins its sister ships, “Eco Maestro”, “Eco Levant”, and “Eco Ponente”, which were delivered earlier this year. Each […]
