Cypriot shipping ministry to reward sustainable shipping
The Cyprus Shipping Deputy Ministry (SDM) has announced a range of incentives to reward vessels that demonstrate effective emissions reductions. From the start of the 2021 fiscal year, annual tonnage tax will be reduced by up to 30% for each vessel that demonstrates proactive measures…
New Silent-Yachts solar electric catamaran comes with Volkswagen’s electric drive matrix
Silent-Yachts will develop a solar electric catamaran which is powered by Volkswagen’s modular electric drive matrix MEB. The vessel will be designed by the Barcelona’s progressive car brand CUPRA. The collaboration brings together partners from shipping and automotive industry to link individual mobility and sustainability….
Extraordinary views from the World’s first Mountainous Solar Farm
This reservoir doubles as a floating solar power plant, smack back in the middle of the Swiss Alps. Not only does the high-altitude project boast some stunning views, it won the prestigious Swiss Watt d’Or prize, as the best in renewable energy innovation 2020. The…
“SOS” – Save Earth: Norway Eyes Sea Change in Deep Dive for Metals Instead of Oil
Norway’s oil and gas reserves have made it one of the world’s wealthiest countries but its dreams for deep-sea discovery now center on something different. This time, Oslo is looking for a leading role in mining copper, zinc and other metals found on the seabed…
Ocean 100: The 100 Companies That Dominate the Ocean Economy and can save the Earth
Just 100 companies account for most of the profits from the world’s seas, researchers said on Wednesday, calling on them to help save the oceans from over-fishing, rising temperatures and pollution. Together, the companies generated $1.1 trillion in revenues in 2018, or about 60% of…
Prices for used batteries are higher than for new batteries – this is why
In the latest assessment of EV battery prices by Bloomberg New Energy Finance in December last year the price per kWh fell below $100 on pack level for the first time. The particular price was for LFP batteries used in Chinese electric buses. When adjusted…
COLUMN | FALSE ECONOMY: REMOTE-CONTROLLED AUTONOMOUS SHIPS? [OFFSHORE ACCOUNTS]
The news that the bulk carrier Wakashio grounded off Mauritius and broke in two in August last year because the crew were navigating dangerously close to the shore in order to – wait for it – be able to pick up a mobile phone signal, is probably…
South Korea to Work on Hydrogen Ships
The Ministry of Oceans and Fisheries and the Ministry of Trade, Industry and Energy released a green ship development plan on Dec. 23. The plan is to reduce greenhouse gas emissions by 70 percent by the use of hydrogen vessels. The ministries are going to…
The fuel that could transform shipping
The shipping industry currently emits 3% of all greenhouse gases. To keep temperatures within safe limits, experts say, it will have to decarbonise. Could green hydrogen be the answer? A long a stretch of river in northern Belgium, a small ferry is running on a…