NEWS

Shipping & Offshore

Decarbonization of shipping – emerging alternative fuels from a US perspective

Category: Business News

While the impact of COVID-19 on seafarers and port congestion have grabbed headlines over the past year, no single issue has dominated the maritime industry press more than decarbonization as climate change represents the greatest challenge of this century. According to the U.S. Environmental Protection Agency (EPA), transportation – including road, rail, air and marine – […]

Source: Gard


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The World’s First Full Scale Hydrogen-Based Propulsion System Launched by KONGSBERG – Kongsberg Maritime

Category: Business News

KONGSBERG has celebrated a world first by testing and verifying a full-scale, full-size, zero-emissions drivetrain powered by hydrogen fuel cells designed for ships and ferries. The project demonstrates that the technology is now mature for using hydrogen (H2) as an energy carrier. The program is the third and final part of the EU funded project […]

Source: KONGSBERG


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Yara Debuts World’s First Autonomous Electric Container Ship

Category: Business News

OSLO, Nov 19 (Reuters) – The world’s first fully electric and self-steering container ship, owned by fertiliser maker Yara (YAR.OL), is preparing to navigate Norway’s southern coast and play its part in the country’s plans to clean-up its industry. Read full article.

Source: Reuters


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StormGeo Awarded Contracts for Weather and Ship Routing Services by Equinor

Category: Business News

StormGeo, a leading provider of weather intelligence and decision support solutions, announced that it has been awarded two contracts for weather and route advisory services provider to Norway-based Equinor, an energy company with more than 21,000 employees developing oil, gas, wind and solar energy in 31 countries. The contracts serve as a continuation of the […]

Source: StormGeo


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KKR to Acquire Norway-based Ocean Yield in €689m Deal

Category: Business News

Global investment firm KKR is investing about NOK7.2bn (€688.6m) to buy Ocean Yield, a Norway-based ship owning company with investments in vessels on long-term charters. Octopus Bidco, a company owned by KKR funds, is offering the Oslo Stock Exchange-listed owner’s shareholders NOK41 for each share. The amount per share being offered represents a premium of […]

Source: IPE Real Assets


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