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(On our Forum) Critics question the climate crisis benefits of deep seabed mining
Image provided by: NOAA’s DeepCCZ project By Marta Montojo and Ian Urbina Few people have ever heard of the tiny country of Nauru. Even fewer ever think about what happens at the bottom of the world’s oceans. But that may soon change. The seafloor is thought to hold trillions of dollar’s worth of metals and
Drillship to be converted to ABS-Class subsea mining vessel
Rotterdam – A former drillship is being converted to an ABS-Classed subsea mining vessel, in an industry first. Allseas’ 228-meter Hidden Gem is being equipped with a deep-sea mineral collection system to recover polymetallic nodules from the ocean floor and transfer them to the surface for transportation to shore. The nodules contain high grades of nickel, manganese, copper and cobalt—key metals required for building
Global container carrier profits to attain $300 billion
According to revised estimates in Drewry consultancy’s latest Container Insight Weekly, pre-tax profits of the global container shipping industry in 2021 and 2022 will be as high as $300 billion. The industry is expected to benefit well into 2022 from the current world supply chain crisis. The virtually unprecedented profit outlook stems from seemingly unstoppable
Wärtsilä and Eidesvik Offshore to cooperate in world’s first ammonia conversion project
The Wärtsilä and Eidesvik personnel leading the ammonia conversion project. From left to right Jan Lodden; Chief Operation Officer, Eidesvik Offshore ASA, Hans-Petter Nesse, Managing Director, Wärtsilä Norway, Gitte Gard Talmo, Chief Commercial Officer, Eidesvik Offshore ASA and Cato Esperø, Head of Sales, Wärtsilä Norway © Wärtsilä Corporation The technology group Wärtsilä and Norwegian ship owner Eidesvik
Yinson invests in Canadian marine battery energy storage solutions
Kuala Lumpur, Malaysia – Yinson Holdings Berhad , through Singapore-based subsidiary Yinson Venture Capital Pte Ltd (a wholly owned subsidiary of Yinson Green Technologies Pte Ltd), has invested in Sterling PBES Energy Solutions Ltd (SPBES), a Vancouver-based energy storage solutions company working to lower or eliminate dependence on fossil fuels in marine and industrial applications. This
AAPA ports commit to national and international GHG emission reduction goals
The American Association of Port Authorities (AAPA) — the unified voice of seaports in the Americas — announced a commitment among member ports to address climate change on a national and global scale. Efforts, include plans to reduce greenhouse gas (GHG) emissions, support facility electrification, and increase the use of alternative energy sources, while working
ICS outlines bold plan to IMO for net zero shipping emissions by 2050
The International Chamber of Shipping (ICS) has submitted plans to the industry’s UN regulator, the International Maritime Organization (IMO), detailing urgent measures which governments must take to help the industry achieve net zero CO2 emissions by 2050. The new net zero target and action plan was today welcomed by Canadian ship operators represented by the Ottawa-based
Five new donors support the next generation of the maritime industry (in French)
Geneviève Allard, President of the IMQ Foundation, presented a commemorative plaque to Pierre Terrien, publisher of Maritime Magazine, to underline the contribution of the magazine in the disclosure of the 2019-2024 fundraising campaign Rimouski – Dans le cadre de la campagne majeure de financement de la Fondation de l’Institut maritime du Québec, cinq organisations octroient