A group of leading banks will for the first time include efforts to cut carbon dioxide emissions in their decision making when providing shipping company loans, executives said on Tuesday.International shipping accounts for 2.2% of global carbon dioxide (CO2) emissions and the U.N.
The German shipping line Hapag Lloyd said on Sunday it had evacuated the crew from its container ship, the Yantian Express, off Canada's east coast after a fire spread."Due to bad weather conditions, the fire has not been successfully contained yet and has significantly increased in intensity at times," the firm said in a statement on Sunday.
NETSCo announced the winners of the 2018 Society of Naval Architects and Marine Engineers (SNAME) Student Design Competition held recently during the 2018 SNAME Maritime Convention in Providence, RI. Many interesting designs were devised with over 150 students participating in the competition.
Eleven banks with a combined shipping finance portfolio of $100bn will for the first time integrate climate considerations into lending decisions to incentivize maritime shipping's decarbonization.Named 'the Poseidon Principles', the new rules are a global framework for assessing and disclosing the climate alignment of financial institutions' shipping portfolios
RWE, which will become the world's No.2 offshore wind player following a deal to break up its Innogy unit, could spend about 2.5 billion euros ($2.8 billion) a year to expand its renewables business, its chief executive said."We can fund about 1.5 billion euros from our own funds, we could assume some debt which would bring it to about 2.
The liquefied natural gas (LNG) advocacy group SEA\LNG has announced the appointment of Paul Taylor representing Société Générale and Capt M. Segar representing MPA (The Maritime and Port Authority) of Singapore as Directors of SEA\LNG Ltd.Following elections last December, Tahir Faruqui and Xavier Pfeuty also join the SEA\LNG Board as new directors representing Shell and Total Marine Fuels
ChartCo and Marine Press, both leaders in global digital navigation solutions, have announced their merger. The move will result in the creation of a new company called OneOcean which will offer the largest range of navigation and compliance solutions into the maritime sector.Martin Taylor, Chief Executive Officer of ChartCo, announced the merger
Ørsted, the largest energy company in Denmark, has acquired a 22.5% share in Pict Offshore, the Scottish developer of an innovative technology set to transform the way technicians access offshore wind turbines.The Get Up Safe (GUS) system, developed in partnership between Ørsted and Pict Offshore
London-based multinational law firm Linklaters has advised Green Investment Group (GIG) on the acquisition of a 40% stake in Iberdrola’s Scottish Power Renewables’ 714MW East Anglia One offshore wind farm.Once commissioned in 2020, it will be one of the world’s largest wind farms, said a note from the British law firm.
A Coast Guard crew assisted a 72-foot towing vessel taking on water near Port Arthur, Texas, Thursday evening.Sector Houston-Galveston watchstanders received a report that the towing vessel, Antietam, was taking on water and in need of assistance. Antietam, who was pushing two barges, intentionally grounded near Taylor Bayou to avoid sinking.
Three one-day workshops - Southampton, U.K. - April 2-4, 2019NEXT GEN 2019 is a series of specialist one-day workshops run back-to-back on April 2-4, 2019. The program combines hot topics and international maritime experts with dynamic panel discussions. The Grand Harbor is a conference venue overlooking the historic port of Southampton, U.K.
Texas-based midstreamer Howard Energy Partners (Hep) announced that it’s completed the expansions of its bulk liquid terminal facilities in Port Arthur and Corpus Christi, Texas.The completion of these projects increases HEP’s Gulf Coast terminal storage capacity to 2.6 million barrels with three ship docks, three barge docks, unit train loading capacity for up to two trains per day