A new study–the BLUE Insight Low Carbon Shipping Fuels & Energy Guide 2020–has revealed that more than 40 organizations are vying for a share of the $1.4 trillion low-carbon shipping fuels and energy market. However, many remain in their infancy and primed for investment from institutional, private equity and private finance. The guide has been produced by business and strategic advisory
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Environmental concerns are influencing a greater need for renewable and sustainable energy across the world with specialist technologies being at the forefront of new designs and solutions. As maritime industries begin to tackle climate change issues, ports and shipping companies are looking for carbon-free alternatives by testing potential solutions for vessels. The requirement to make a move toward greener shipping
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Rainmaking, the international corporate innovation and venture development firm, has completed the first cycle of its program to nurture start-ups working toward the decarbonization of shipping. A second six-month cycle is set to commence this August. As it progresses through the end of 2022, the program will identify more than 3,000 high-impact tech start-ups around the world, fostering and catalyzing
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The COVID-19 pandemic has turned the world economy on its head. “The recession this year will likely be more severe, and recovery in 2021 will be slower than we anticipated two months ago,” says Gita Gopinath, chief economist at the International Monetary Fund (IMF). She believes the global economy will shrink by nearly 5 percent. The maritime industry will be hit especially
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By Jostein Bogen Progress on developing the marine fuel cell as an energy source for ships is moving toward wider commercial application. Accelerating efforts in developing fuel cell technologies capable of powering ocean-going vessels, ABB has signed a memorandum of understanding with hydrogen specialist Hydrogène de France (HDF) with the intent to jointly manufacture megawatt-scale fuel cell systems. Building on
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By Stuart Nicholls With COVID-19, shipping—like the rest of the world—is facing an unprecedented upheaval and a once-in-a-lifetime crisis. The sector’s adoption of digitalization has been fragmented to date, but this black-swan event can be the catalyst to drive the industry to make the most out of its data and reap the rewards of digitalization. The coronavirus pandemic has challenged
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