Marine

Hyundai Heavy Industries Shares Jump above IPO Price

Hyundai Heavy Industries’ shares closed 86% above their initial public offering (IPO) price on their trading debut in South Korea on Friday. The shipbuilder, one of the largest in the world, raised $935 million from its IPO, with much of the proceeds set to fund investments in new technology. A …

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EDP $41.9 million – Green Hydrogen Port Pilot Project.

On 1st September the Governor of Ceará together with executives from EDP have jointly announced that EDP will invest a total of R$41.9 million in a pilot project for the production of a green hydrogen plant in Pecém Industrial and Port Complex, with a production capacity of 250 Nm3/h of …

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Sea-Kit Wins Grant – First H2 unmanned Vessel

UK-based unmanned vessel startup Sea-Kit has won a government grant to install and test an innovative printed circuit board-based hydrogen fuel cell on its prototype USV Maxlimer, allowing the vessel to operate with zero onboard emissions. It will be the first hydrogen fuel cell system on a commercial USV, the …

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SK Group develop Hydrogen Facilities at Korean Ports

South Korean conglomerate SK Group will spearhead a project to build a port energy ecosystem for production, logistics, consumption, and utilisation of hydrogen. SK has signed a memorandum of understanding with the country’s ministry of oceans and fisheries, which considers ports as the best place for the construction of a …

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Hydrogen-powered driverless ‘Green Submarines’

Hydrogen-powered driverless “green submarines” could carry freight around the UK, the Transport Secretary said. Grant Shapps predicted the autonomous technology, which could be in British waters by 2026, would take freight off the roads and head off future shortages of truck drivers. His comments come as the Government announced £23 million …

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20MW UK Green Hydrogen Project Receives Funding

Uniper, Siemens Energy, Toyota Tsusho and Associated British Ports (ABP) have successfully secured matched UK Government funding to study producing green hydrogen to decarbonise the Port of Immingham (pictured). The finance from the Clean Maritime Demonstration Competition, funded by the Department for Transport and delivered in partnership with Innovate UK …

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Zero-Emission Hydrogen Fuel Cell Ferry Hits The Water

Incat Crowther is pleased to announce the launch of Sea Change. The Incat Crowther 22 is the world’s first  zero-emissions hydrogen fuel cell-powered electric-drive high-speed passenger ferry. Delivered by All  American Marine, the project has been spearheaded by the vessel owner SWITCH Maritime and was  brought to fruition by a …

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Call for Mandatory Requirements for New Marine Fuels

Helle Hammer, Chair of the International Union of Marine Insurance (IUMI) Policy Forum, has argued that the shipping industry ‘urgently needs’ International Maritime Organization (IMO) regulation and Class rules on the implementation and use of new marine fuel types such as hydrogen and ammonia. In a statement issued by the …

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Going Green On The Deep Blue Sea

“We don’t believe in more fossil fuels,” Morten Bo Christiansen, vice president and head of decarbonization, said in an interview. “A lot of our customers are very, very supportive of this.” Shipping, the backbone of global trade, accounts for almost 3% of man-made carbon dioxide emissions. The level has been …

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