The Indian government said it has ₹2 trillion (around $23.8 billion) allocated to expand […] The post New horizons: India pledges $23.8B support to revamp domestic maritime industry appeared first on Offshore Energy.
Singapore-based shipping company AAL Shipping has named its fifth methanol-ready dual-fuel Super B-class vessel after the Middle Eastern project hub. The post Methanol-ready dual-fuel AAL Dubai unveiled in China appeared first on Offshore Energy.
UK-headquartered energy giant Shell has completed the sale of its Nigerian onshore subsidiary, the Shell Petroleum Development Company of Nigeria Limited (SPDC), to Renaissance, a consortium comprising five companies. The post Shell shifting focus to deepwater and integrated gas as it wraps up Nigerian onshore unit sale appeared first on Offshore Energy.
EverWind Fuels, a North American developer of a green fuels hub, has revealed plans to invest around $50 million in three new lower-emission tugboats to be launched in the Strait of Canso, enhancing sustainability, improving infrastructure, and supporting green shipping corridors in Nova Scotia. The post EverWind orders low-emission tugboats from Damen to support green fuels hub appeared first on Offshore Energy.
UK-based tidal energy company Proteus Marine Renewables (PMR) has secured a seat on the […] The post Proteus Marine Renewables joins Ocean Energy Europe board appeared first on Offshore Energy.
The European Union (EU) is to invest €4.4bn in South Africa’s clean energy industry as part of a global gateway investment package. South Africa becomes the first country to sign such an agreement with the Europe. It will focus on investment, the clean energy transition, skills, technology, and developing strategic industries along the entire supply chains. The energy funding would come from European financial institutions. The overall package totals €4.7bn which includes €303m in EU grants. European Commission President Ursula von der Leyen said it has started negotiations on the first Clean Trade and Investment Partnership. Trade between South Africa and EU totals €50bn today. “Take the clean hydrogen value chain,” she said. “South Africa has everything to become a global leader: You have clean energy in abundance, from wind to sun. You have raw… Read More »Europe unveils €4.4bn investment in South African clean energy | Hydrogen
Germany’s Port of Hamburg has welcomed its first of two new eco-friendly pilot ships, making a contribution to its goal of becoming climate-neutral by 2040. The post Port of Hamburg gearing up to deploy new eco-friendly pilot vessel appeared first on Offshore Energy.
As a recent allision between a U.S.-flagged oil/product tanker and a Portuguese container ship in the North Sea keeps reverberating across the maritime industry, many conspiracy theories are making the rounds. The post Oil tanker stays put as cargo ship gets a tow: US and Portugal let UK spearhead North Sea allision probe appeared first on Offshore Energy.
Increasing protectionist tendencies in global trade policy present challenges for German shipping, according to the German Shipowners’ Association (VDR) which warned that national interests must not come at the expense of free global trade flows. The post German shipowners: National interests should not hamper free global trade flows appeared first on Offshore Energy.
Salunda, a UK-headquartered firm specializing in red-zone safety monitoring technology, has launched a second-generation monitoring device aimed at improving safety during pipe handling on offshore drilling platforms. The post UK player revamps safety solution for offshore platform red zones appeared first on Offshore Energy.