U.K.-based international bank Barclays announced a new energy policy that significantly restricts the bank’s financing for the exploration or extraction of oil and gas in the Arctic.The policy rules out funding for companies seeking to drill in the Arctic Refuge as well as other climate change threats.
The world's first liquid natural gas (LNG) carrier tanker was named 'Boris Sokolov' and delivered by Guangzhou Shipyard International in Guangzhou City.According to Chinese state media, the Arctic condensate tanker carrier designed to traverse the world's icy northern polar region.
The Nordic region's most high-profile cruise fleet operator is refitting its ships to make them less polluting, and plans to use a byproduct of rotten fish to help power their new, leaner engines.Norway's Hurtigruten, best known for the ships that ferry tourists along the country's fjords and coastline and up into the Arctic
A team of European marine research institutes and companies have developed creative technologies for thruster solutions that are specifically engineered for ships operating in the Arctic.With the new solutions created under the three-year ArTEco project led by Finland's VTT and Wärtsilä, thruster lifetimes can be increased, their maintenance need can be decreased and their reliability improved
Canada’s lead Arctic and Offshore Patrol Vessel, the future HMCS Harry DeWolf, was launched at Halifax Shipyard on Saturday, marking a significant milestone for the National Shipbuilding Strategy (NSS) and the revitalization of the Royal Canadian Navy’s combatant fleet.At 103 meters and 6,615 metric tons
Three new liquefied natural gas (LNG) tankers capable of plowing through the Arctic ice have completed sea trials in recent weeks and are due to start operations at the Yamal LNG terminal in northern Russia, Reuters shipping data shows.Novatek's Yamal terminal has been ramping up LNG shipments faster than expected after loading its first cargo in December 2017
Liquefied natural gas exports from Novatek's Yamal terminal in the Arctic have come on stream faster than expected over the summer and exceeded volumes from Russia's only other LNG facility, Sakhalin, for the first time in August.The pace of commissioning the multi-billion dollar project has surprised a market used to chronic delays.
Finland is a traditional marine tech hub, with almost 90 company members in the Finnish Maritime Industries association. While the country has a storied maritime history across many sectors, based on geographic locale, it’s Arctic and ice marine technology is second to none, and it’s hoping the U.S. Coast Guard is taking notice.
A Maersk vessel loaded with Russian fish and South Korean electronics will next week become the first containership to navigate an Arctic sea route that Russia hopes will become a new shipping highway.The Arctic voyage by the 3,600 20-foot container capacity Venta Maersk is the latest step in the expansion of the so-called Northern Sea Route which is becoming more accessible to ships as climate
Russian natural gas producer Novatek delivered on Thursday the first ever liquefied natural gas (LNG) cargo to China via the Northern Sea Route (NSR) alongside the Arctic coast, which drastically cuts delivery time to Asian consumers.The shipments of LNG from Yamal LNG project via the NSR to China cuts transportation time and costs in comparison to other routes such as Suez Canal.
Norway has awarded 12 oil and gas exploration licences to Equinor and 10 other companies focused mostly on the Arctic, where Oslo believes it has the greatest potential for significant new discoveries.Nine of the licences are located in the Barents Sea and three in the Norwegian Sea off central Norway, the Ministry of Oil and Energy said on Monday.
A Finnish engineering firm known for its ice-going vessel expertise says it is studying another area of ship technology: autonomous vessel operations.Aker Arctic says it recently successfully tested an autonomous ship model at its ice model test laboratory in Helsinki.The test, which was carried out in ice-free waters