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KfW IPEX finances Carisbrooke’s diesel-electric ships

Germany’s KfW IPEX-Bank has decided to support the fleet renewal program of the British shipping company Carisbrooke Shipping with financing amounting to around €26...

First Odfjell tanker gets 4 suction sails as it readies to cross Atlantic

Norwegian shipping company Odfjell has completed the first installation of a wind-assisted propulsion system (WAPS) on one of its vessels, the 49,000 dwt chemical...

Green steel meets sails: MOL’s ‘first-of-its-kind’ vessel champions clean shipping

Japan’s shipping titan Mitsui O.S.K. Lines (MOL) has cut the ribbon for the 17,500 dwt multipurpose vessel Prima Verde, the ‘world’s first’ ship to...

UK supports maritime decarbonization with new $37M funding

On January 16, 2025, the UK unveiled the latest round of the Clean Maritime Demonstration Competition (CMDC6). CMDC is designed to support clean maritime...

GT Wings wins UK funding to advance its ‘innovative’ wind propulsion system

Developer of wind propulsion technologies GT Wings has received a grant support from the UK government to advance its “innovative” wind propulsion system AirWing. As...

GT Wings bags $1.3M in new investment round

UK’s wind propulsion technology provider GT Wings has closed over £1 million (about $1.3 million) in new equity that would enable the company to...

UK’s GT Wings readies to debut AirWing technology to accelerate maritime decarbonization

UK’s wind propulsion technology provider GT Wings, in collaboration with shipping company Carisbrooke Shipping, University of Bristol, and supported by Innovate UK and the...

Wind-assisted propulsion developers win big in latest CMDC funding round

Wind-assisted propulsion developers in the UK have secured major victories in the latest round of the Clean Maritime Demonstration Competition (CMDC), which has assigned...

Digital pipe technology in spotlight of Odfjell Technology’s investment in Norwegian firm

The UK’s Odfjell Technology, a spin-off of Odfjell Drilling, has purchased a 10% stake in a Norwegian well construction and well intervention solutions provider,...

Sale of oil & gas assets with $945 million price tag falls through

London-based oil and gas player Energean has severed the divestment cord for its asset portfolio in Egypt, Italy, and Croatia, worth $945 million, as...
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