Tag: significant
Höegh Autoliners secures significant Enova funding for two ammonia-powered vessels
Shipping company Höegh Autoliners ASA is making significant progress in its ambition to make the Aurora Class the world’s first PCTC vessel to run on ammonia. Today, they have been granted almost USD 14 million (NOK 146 million) in Enova funding to use the alternative and sustainable fuel for two of their Aurora Class vessels.…
Orca AI platform drives significant reduction in CO2 emissions and fuel spend across 267-strong fleet in 2023
Comprehensive analysis by maritime technology company Orca AI shows that its market-leading automated situational awareness platform achieved significant operational gains for clients in 2023, including a 172,716-tonnes reduction in CO2 emissions and fuel savings, thanks to fewer sharp manoeuvres and speed drops, as well as an overall reduction in the number of potential incidents and…
KPI OceanConnect supplies OOCL with biofuel blend marking a significant milestone in their sustainability journeys
KPI OceanConnect, a leading global marine energy solutions provider, today announced the successful sale and supply of a B24 biofuel blend to Orient Overseas Container Line (OOCL), one of the world’s leading container transport and logistics service providers. Jesper Sorensen, Global Head of New Fuels and Carbon Markets, KPI OceanConnect The fuel delivery, arranged by…
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…
UK policy and early movers can play a significant role in unleashing finance to decarbonise the UK freight transport sector
The end of project report released today by the Decarbonising UK Freight Transport (DUKFT) Network, suggest several ways to overcome the chicken-and-egg problems associated with decarbonising road, rail and maritime freight transport. Collectively these sectors represent nearly 7% of UK CO2 emissions and continue to rise fuelled by e-commerce demand and cheap transportation costs. Operating…
Continued downward pressure with a significant decline in VLCC demand growth rates
The second week of September maintains its grip on the crude oil freight market’s sentiments, as VLCC rates have yet to display the anticipated rebound. The struggle persists in the VLCC MEG-China rates, leaving industry observers closely monitoring the demand dynamics of the Chinese economy as we approach the end of September. Illustrated in the…
AirWing™ Wind Propulsion System takes significant step forward by working with Bureau Veritas
Innovative wind propulsion solution also backed by funding from UK Government transport innovation program 21 August 2023 – Bureau Veritas, a world leader in testing, inspection and certification, is working with GT Green Technologies, a leading-edge developer of wind-based green solutions for the maritime sector, with the goal of providing approval in principle (AiP) for…
