Tag: Europe

Furetank and Algoma Central Corporation expand the FureBear joint venture with two additional vessel orders, bringing the total newbuild order to ten intermediate product tankers to trade in Northern Europe.

According to International news, in an apparent Western effort to offset China's worldwide ambitions, the United States and the European Union have supported the building of an economic corridor, connecting India to the Middle East and the Mediterranean.

The European Sea Ports Organisation (ESPO) welcomes the aim of the Commission’s Green Deal Industrial Plan to ensure that the European Union can become an important player in the production and supply of net-zero products and technologies.

European shipping emissions grew 3% last year as the industry edges closer to pre-pandemic levels, a new Transport & Environment (T&E) analysis shows.

In 2022, global trade in liquefied natural gas (LNG) set a record high, averaging 51.7 billion cubic feet per day (Bcf/d), a 5% increase compared with 2021, according to EIA. 

Aker Horizons ASA, has signed a 10-year power purchase agreement (PPA) with Statkraft, securing a significant amount of the renewable power required for its large-scale green ammonia plant under development in Narvik, northern Norway.

Gen2 Energy AS and Provaris Energy signed an agreement to conduct a comprehensive prefeasibility study to determine the technical and economic viability of producing and supplying compressed green hydrogen from the hydrogen project in Åfjord to European ports, using Provaris’ marine storage and shipping solution.

European Community Shipowners' Associations (ECSA) welcomes the agreement on the Basel III rules reached between the European Parliament and the Council yesterday that gives explicit recognition to ship finance.

TT Club is increasing its efforts to promote industry awareness of both trends in criminal activity and methods of combatting its success, in response to the exponential growth in contraband drugs entering Europe via ports on the Atlantic seaboard.

To minimize the high cost of pure car, truck carriers' (PCTCs) rates, Renault Korea will be transporting vehicles to Europe in 40-foot containers.