”Achieving climate-neutral shipping by 2050 not only requires comprehensive regulatory clarity but it also requires renewable fuels to be available to shipping on a global and competitive basis,” states VDR’s CEO, Martin Kröger. | Foto: Pr/port of Hamburg/michael Lidner

German shipowners: Availability of green fuel is key to realizing shipping's climate target

Necessary technologies and shipping’s willingness to adapt to a green future are already present, but the large-scale production of green fuels is missing, says the German shipowners’ association.

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Norwegian carrier calls on customers to pay for decarbonization

New report: Shipping will use up half of all available biofuel in 2050

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As part of the deal, Inopower management team will stay on and will remain significant minority investors post completion. | Foto: Inopower/ Pr

UK equity fund buys Danish e-boiler company

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Toni Stojcevski is head of project sales & development at ship engine manufacturer Wärtsilä. | Foto: Sune Høegh, MediaSpektrum

Wärtsilä test-runs 90 percent ammonia-fueled engine

Japan allows nuclear reactors to operate beyond 60 year limit

Green Hydrogen Systems downgrades expectations after modifying electrolysers
From 2024, the company expects that the negative impact of increasing production costs will be offset by higher sales prices.
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Shift towards EVs creates opening for Chinese car manufacturers
A Chinese automaker has taken the lead on domestic market. Meanwhile, the number of Chinese electric vehicles sold globally is surging.
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Ørsted breaks ground on Swedish e-methanol plant
Production facility Flagship One, set to produce e-methanol to fuel the maritime industry, is one step closer to being launched.
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Volvo signs green power deal for Vattenfall wind power
Swedish truck maker Volvo buys half of the production output from the Bruzaholm wind farm.
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More than 10% of sold cars in the EU are electric
In April, 95,000 new electrical cars were registered across EU nations. Gasoline-powered vehicles still reign supreme.
Most commercial freighters are unfit for green retrofitting
More than 22,000 ships sail around on engines from MAN Energy Solutions, but less than 10% of these are financially feasible for green retrofitting, MAN estimates.
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MSC and MAN Energy Solutions to develop ammonia-fueled ship
MAN Energy Solutions, Lloyd’s Register, and Chinese ship designer SDARI are to develop a container ship for MSC capable of bunkering ammonia.
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Rockwool CEO: Weak demand and poor frame of reference
”Last year was sort of a record for us in terms of volume. It maybe wasn’t the largest top line, but still proved a very solid first quarter. And that is our frame of reference this year,” says CEO.
Rockwool makes upwards adjustment to expected profit margin
Rockwool’s Q1 earnings are a smidge better than analyst projections, while the margin is a clear and positive surprise against the disappointing top line.
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Hapag-Lloyd poaches Maersk for new director of green fuels
Illyas Muhammad was employed by Maersk in early 2022 but now joins the German competitor Hapag-Lloyd.
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Novozymes appoints new CFO upon Lars Green's resignation
Green looks to pursue a career far from the suite of executive offices.
Nel revenue takes major leap
Order intake grows for Norwegian hydrogen company Nel and revenue climbs 68% as a result.
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GM brings in Samsung on US battery plant
The battery plant warrant a USD 3bn investment.
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Novozymes CFO: By-products and higher prices elevate bioenergy
A great continuance, says CFO, waiving concerns over dwindling bioethanol production output on main US market.
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Wärtsilä turns profit despite low demand for new ships
The green transformation was an important driver of demand in Wärtsilä’s maritime business in the first quarter.
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Multiple major shipping liners lack plans for green fuels
While around half of the 29 carriers surveyed have tested green fuels in tanks and made plans towards 2030 and 2050, a full third of carriers are yet to make any such plans for the future.
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Tesla margins slump on repeated price cuts
The US electrical vehicle maker’s quarterly results fall short of analysts’ projections.
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There is money to be made from neutral turbine observations
Insights into wind turbine installation can optimize construction processes and help lay disputes to rest, and that competence has given a Danish start-up an edge on its competitors.
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Tesla ready with more price cuts in Europe, Israel and Singapore
Electrical vehicle manufacturer Tesla imposes discounts on several models for the third time since January.
Norway sends millions towards project to ease access to green fuels
Companies and universities look to develop a system for ammonia as a hydrogen carrier aboard a Höegh LNG vessel.
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