German energy company RWE has committed to investing a staggering $57 billion over the next decade to expand its green generation capacity to 50 GW. The company says that it will invest $5.7 billion annually in offshore and onshore wind, solar, batteries, "flexible generation" and hydrogen, with a...
Voluntary environmental certification program Green Marine and international cross-sectoral alliance World Ocean Council (WOC) have signed a Memorandum of Understanding (MoU) to improve maritime...
Mozambique is hoping to inject new life into its beleaguered liquefied natural gas (LNG) sector after Samsung Heavy Industries (SHI) completed the construction of a floating LNG facility (FLNG) for the offshore Coral South project. With onshore LNG projects in limbo due to insurgency, the country is banking...
Finnish technology group Wärtsilä revealed plans to commercially launch its Two-Stroke Future Fuels Conversion platform during the first quarter of 2022. The post Wärtsilä to launch 2-stroke future...
Turkey's state-owned petroleum company has reportedly reached an agreement with DSME to buy a 2015-vintage drillship which was never delivered. According to Turkish news outlet Yeni Safak, Turkish oil and gas company TPAO has purchased the 7th-generation drillship Cobalt Explorer to add to its existing fleet of...
North America's port operator QSL has become the very first Canadian maritime company to adhere to the United Nations Global Compact, the world's largest corporate sustainability initiative. The...
Hapag-Lloyd became the latest major carrier to report record results following a pattern seen by all the lines during the third quarter and for all of 2021. The German liner firm, which is ranked fifth largest by Alphaliner reported, termed its performance in 2021 “extraordinary...
American cruise company Carnival Cruise Line has revealed the name of its third LNG-powered Excel-class cruise ship as Carnival Jubilee, setting sail in 2023. The post Carnival names 3rd LNG-powered...
The efforts to launch the world’s largest zero-emission sailing cargo ship took a step forward with the announcement that a Canadian coffee company is investing in the project. The vessel, named Ceiba, is currently under construction using traditional shipbuilding methods in Costa Rica and is...
In this week’s In Focus, we put spotlight on COP26 and energy transition updates which include biggest polluters pledging to joint action against climate change, oil majors joining forces for...
