According to DNV GL’s latest energy report ‘Energy Transition Outlook: Power Supply and Use’, eight times more wind and solar power is needed by 2030 to help meet the Paris Agreement on climate change’s target. This transition will require more than ten times power generated by the solar means and five times the wind power currently being generated in combination with other technology measures to limit global warming to well below 2 degrees and meet the targets of the Paris Agreement…
The global shore power market is estimated to be valued at USD 1.4 billion in 2019 and is projected to reach USD 2.7 billion by 2024, at a CAGR of 13.3% during the forecast period.Reduction of low-frequency noise and emissions at ports, a growing number of cruise liners in the shipping industry…
Japan’s third-largest oil refining company, Cosmo Oil, , has started building stocks of very-low-sulfur fuel oil (VLSFO) for supply to domestic marine fuel markets from next month (October 2019) ahead of the IMO 2020 mandate requiring ships globally to reduce their bunker fuel sulfur content to 0…
DNV GL has signed a four-year framework agreement with TenneT to provide project certification for new High Voltage Direct Current (HVDC) substations linked to offshore wind farms in the German North Sea.Agreement includes certification of…
The international accredited registrar and classification society DNV GL has awarded the Japanese multinational corporation Kawasaki Heavy Industries (KHI) an Approval in Principle (AIP) for their LNG floating power plant (LFPP).The classification…
Battery manufacturer Corvus Energy will supply a 550kWh Energy Storage System (ESS) for a new all-electric skimmer workboat.The new vessel designed for efficient collection of trash at the water surface will operate in Norway’s Port of Oslo…
Japanese marine renewable energy technology compan Eco Marine Power (EMP) is conducting an evaluation trial using the MgBOX fuel cell or air battery in co-operation with Furukawa Battery Co., Ltd. (Furukawa Battery) and several ship owners.These…
London-listed Nu-Oil and Gas' 50%-owned joint venture, Marginal Field Development Company (MFDevCo), has entered into a strategic collaboration agreement with Marnavi Offshore, including its subsidiary Next Geosolutions.Marnavi was joining MFDevCo…
The Global Floating LNG Power Vessel market accounted for $780.14 million in 2017 and is expected to reach $1,073.54 million by 2026 growing at a CAGR of 3.6% from 2017 to 2026.According to a market research report by ResearchAndMarkets, some…
Indian Prime Minister Narendra Modi laid the foundation stone of the 50 Mega Watt liquefied natural gas (LNG) based power project in south Andaman. The will take around 18 months to be operational.NTPC Limited’s wholly-owned subsidiary NTPC…
Japanese technology company Eco Marine Power (EMP) has joined forces with Singapore shipping company Masterbulk for the world-first Installation of class-approved UltraBattery (UB) onboard ship.A joint press release announced that the UB battery…
Oil price reporting agency Argus has launched five new price assessments for low-sulphur marine fuels, ahead of new global rules capping the amount of sulphur in marine fuels, also known as bunkers.International Maritime Organization (IMO) regulations…
Swedish HH Ferries Group has inaugurated the two ferries Aurora and Tycho Brahe as the world’s largest battery-powered passenger ferries on the route between Helsingborg, Sweden and Helsingör, Denmark.A press release from the owner of the ferry…
Norwegian Sintef Ocean and ABB Marine will use two 30kW hydrogen fuel cells, set up in laboratory to model the operation and control of a complete marine power system in a megawatt-scale propulsion plant.'ABB and Sintef Ocean are undertaking…
Build it and they will come mentality serves TOTE well on ‘world first’ LNG ContainershipsAs the marine industry collectively struggles to find solutions to the mounting mandates to cut emissions, U.S. owner TOTE, which broke ground three years ago with the world’s first LNG-fueled containership…
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