Tagged Green

Green target met ahead of schedule: Yang Ming cuts CO2 emissions by 51 pct

Rate this article By Naida Hakirevic Eleven years ahead of schedule, Taiwanese shipping company Yang Ming Marine Transport Corporation managed to accomplish the International Maritime Organization (IMO) target of reducing carbon intensity by at least 40 per cent by 2030. As informed, Yang Ming fleet’s average carbon intensity — CO2 emissions per transport work —…

Green light for Perenco’s Amethyst decommissioning plans

Rate this article By Nermina Kulovic Perenco has received approval for its draft decommissioning programs for four Amethyst gas field topsides, located in the Southern North Sea, from the UK authorities. The post Green light for… … Read Full Article Here For more great articles: Offshore Energy Today

Fastwater partners to explore commercialisation of methanol as green marine fuel

Rate this article By Naida Hakirevic A consortium of Europe’s maritime research and technology leaders have launched the Fastwater project to demonstrate the feasibility of retrofit and newbuild vessels to operate on methanol as a pathway to fossil-free shipping. With funding from the European Commission, Fastwater will focus on high impact outcomes, designing solutions for…

RWE, German LNG to explore hydrogen opportunities

Rate this article By Adnan Bajic RWE and German LNG Terminal have agreed to jointly explore the development of green hydrogen possibilities via the planned LNG terminal in Brunsbüttel. Courtesy of German LNG Terminal To this end, the two companies have signed a memorandum of understanding to promote the use of hydrogen produced from renewable…

BW’s FSRU arrives to serve new Brazilian LNG-to-power project

Rate this article By Mirza Duran BW’s floating storage and regasification unit has arrived at a new terminal in the Brazilian Port Acu to start its contract serving Gas Natural Acu’s LNG-to-power project. Image courtesy of GNA The FSRU BW Magna finally docked at the project’s regasification terminal on Friday. The vessel has been waiting…

Goodfuels makes it easy to go green

Rate this article By volkanakdag A drop-in fuel solution for the maritime industry The transportation sector needs to reduce its emissions of CO2, SOx and NOx. This is a challenge, especially for the shipping industry. The lifetime of a vessel is 25 to 30 years, making the transition to newer, cleaner technologies a slow processThe…

Construction starts on Finnlines’ hybrid RoRo vessel

Rate this article By Naida Hakirevic The construction of Finnlines’ newest environmentally friendly roll-on/roll off (RoRo) vessel commenced on 8 June 2020 with the steel cutting ceremony in the Chinese Nanjing Jinling shipyard. Image Courtesy: Finnlines Finnlines, a Finnish shipping company and part of the Italian Grimaldi Group, had placed an order for three 17,400…

Green light to Ineos for Cavendish field decommissioning plan

Rate this article By Bojan Lepic UK authorities have approved Ineos’ plan for the removal of the Cavendish platform and associated pipelines located in the UK southern North Sea. The post Green light to Ineos for Cavendish field… … Read Full Article Here For more great articles: Offshore Energy Today

HHI secures $388 million green loan

Rate this article By Naida Hakirevic South Korean shipbuilding giant Hyundai Heavy Industries (HHI) has obtained a green syndicated loan worth ₩480 billion ($388 million) from the Korea Development Bank (KDB) and other banks. On 29 May 2020, HHI signed an agreement in Seoul with South Korea state bank KDB; its affiliate KDB Capital; Industrial…

Van Oord inks green loan for LNG-powered dredgers

Rate this article By Mirza Duran Dutch marine contractor Van Oord has signed its first green loan that will be used to fund its new liquefied natural gas-powered dredgers. Image courtesy of Van Oord The company said in a statement it signed the loan with Dutch Rabobank and France’s BNP Paribas last month. Van Oord…