UK-based shipping company Carisbrooke Shipping has partnered up with Grafmarine, a compatriot manufacturer of modular clean energy generation, storage, and power management solutions, to pilot solar energy cells on a Carisbrooke vessel. Image credit: Carisbrooke Shipping Grafmarine’s NanoDeck AI Solar tile management solution is a modular system that turns any
Italian energy company Snam has completed docking operations for floating storage and regasification unit (FSRU) Golar Tundra in the port of Piombino. FSRU Golar Tundra. Courtesy of Snam According to Snam’s social media update, the docking operations were safely completed on Sunday, 19 March as the company expects to put
US-based LNG player Excelerate Energy has entered into an amended and restated senior secured credit agreement, including a $250 million term loan for the purchase of a floating storage and regasification unit (FSRU). Excelerate Sequoia. Courtesy of Excelerate Energy In addition to the new $250 million term loan maturing on
The Ukraine crisis brought about the global energy crisis in 2022, which put energy security at the forefront while ushering in the energy trilemma to ensure a secure, affordable and sustainable energy supply. Bearing in mind the challenges this raises, Shell, the UK-headquartered energy giant, has revealed two energy security scenarios,
Maersk, the Danish container shipping major, has announced the design details of its first methanol-powered vessel. Image credit Maersk The company shared photos of the vessel’s design on its social media channels, showing off the feeder vessel from multiple angles. This is a significant milestone for the company and the
Canada’s Chamber of Commerce (CMC), representing over 100 Canadian & U.S. ports, shipowners, and other marine transportation companies operating in the Great Lakes-St., has unveiled its 2023 wish list to legislators and policymakers targeting the creation of a “green corridor” in the Great Lakes–St. Lawrence region. Illustration, Image credit: Provided
South Korean shipbuilder Samsung Heavy Industries (SHI) and Norwegian maritime technology group Kongsberg Maritime (KM) have signed an agreement for the development of autonomous LNG carriers. Courtesy of Samsung Heavy Industries Under the joint development agreement, the companies aim to develop a 174,000 cbm next-generation LNG carrier that will use
In 2023, the world’s top eleven ocean carriers, which include nine members from three global alliances as well as ZIM and Wan Hai Lines, are set to add a whopping 89 large mainline container ships to their fleets, according to Alphaliner. Image credit Yangzijiang Shipbuilding group This development is poised
While energy and climate crises take their toll on countries worldwide, occasionally pulling them in different directions, the energy transition takes root, steadily gaining ground in pursuit of the low-carbon and green shift. As it is estimated that investments amounting to a whopping $10 trillion are needed for the U.S.
OCI Global, a producer and distributor of hydrogen-based products, and Lotte Fine Chemical, an ammonia distributor based in South Korea, have signed a Memorandum of Understanding (MoU) for the supply of low carbon and green ammonia, with first shipments starting this year from OCI’s US facilities. Courtesy of OCI Global