Tag: Investment
Norden swoops on Eastern Pacific newastlemax pair
Danish shipping giant Norden has expanded its dry bulk fleet by acquiring two newcastlemax vessels from Idan Ofer’s stable. According to multiple brokers, the Jan Rindbo-led company has spent approximately $146 million to purchase the 2021-built, scrubber-fitted Trust Qingdao and Trust Shanghai from Eastern Pacific Shipping. This acquisition marks the company’s second investment in this…
Decarbonisation of shipping could create up to four million green jobs
The Global Maritime Forum has today revealed the immense economic potential presented by the decarbonisation of shipping. New analysis, commissioned by the Global Maritime Forum and conducted by Arup, projects that the maritime sector’s transition to e-fuels could support up to four million new green jobs by 2050, double the number of seafarers serving globally…
Electrification shipping industry is on track with a € 4 million investment in EST-Floattech
Developer of maritime battery systems EST-Floattech receives an investment of 4 million euros from Energy Transition Fund Rotterdam and existing shareholders Rotterdam Port Fund, PDENH, Ponooc, and Yard Energy. This was announced by Chantal Zeegers, the Alderman for Climate, Building, and Housing in Rotterdam. The ‘Energietransitiefonds Rotterdam’ is the investment fund of the municipality of…
TECO 2030 and Yokogawa Sign Partnership and Investment Agreement for the Utilization of Hydrogen Fuel Cells in Industrial Applications
TECO 2030 ASA and Yokogawa Electric Corporation (“Yokogawa Electric”, TOKYO: 6841) announce that they have signed a strategic partnership and investment agreement regarding the development of technology for utilizing hydrogen fuel cells in industrial applications. Under this agreement, Yokogawa Electric has invested in TECO 2030 by way of acquiring treasury shares, and the two companies…
Technology readiness for key zero carbon fuels is increasing, but barriers for investment and community readiness remain significant
An increase in national hydrogen energy strategies worldwide has driven renewable energy and land-side hydrogen infrastructure in major countries. The Lloyd’s Register (LR) Maritime Decarbonisation Hub’s October 2023 update of the Zero Carbon Fuel Monitor, which tracks technology, investment and community readiness of prominent alternative fuels for the maritime energy transition, has found that technology…
Airseas announces major investment in R&D centre to accelerate development of wind technology for shipping
Airseas, a pioneer in wind propulsion technology for the maritime sector, has announced a major investment in a new research and development (R&D) centre to accelerate the development of its Seawing kite system towards large-scale production and rollout. Located in Dakhla (Morocco), the installation will comprise a 2,400m2 hangar and an advanced test bench, offering…
Major Investment across the Maritime Sector urged for the UK to become a Global Leader in Decarbonisation
Maritime UK, the collective voice for the UK’s maritime industries, has used the start of London International Shipping Week to highlight the need for £2 billion private and public sector investment per year to deliver its target to decarbonise by 2050, and further to support an ambition to become a global leader in decarbonisation. Securing…
