World Economic Forum: Trade Will Keep Global Economy and Society on Track
by Ship & Bunker News Team
Tuesday January 19, 2021 WEF: heightened global risks. File Image / Pixabay. The Covi-19 pandemic has hurt global economic growth and prompted a rise in global inequalities which means that future economic growth must be more inclusive, president of the World Economic Forum (WEF)
Borge Brende said at the launch of the organisation s annual global risk assessment. The report s authors outlined the key risks over a five-to-ten year time frame for the global economy, society and politics.
Carolina Klint from insurer
Peter Giger of
85 million jobs are likely to be lost to automation in the next five years.
Joint Project Claims Ammonia Should be Used in Fuel Cells for Shipping, Not Engines
by Ship & Bunker News Team
Monday January 18, 2021 Ammonia may prove more effective in fuel cells than in engines. File Image / Pixabay Ammonia will be more effective as a source of energy for the shipping industry if used in fuel cells rather than burned in engines, according to a new industry group seeking to develop the technology.
Alfa Laval,
Svitzer and the
Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping have launched a joint project to accelerate the development of solid oxide fuel cells (SOFCs), the organisations said in an emailed statement Monday.
MSC Joins Hydrogen Council
Wednesday January 13, 2021 Leading box carrier
Hydrogen Council as part of its wider efforts to explore routes to decarbonisation. The global initiative is focused on the use of hydrogen as a long-term solution for clean energy. “MSC is actively engaging with a wide range of stakeholders to accelerate the development of clean hydrogen fuels for shipping, said
Bud Darr, Executive Vice President, Maritime Policy & Government Affairs, MSC Group. There must be a massive injection of energy and capital into R&D efforts to bring alternative fuels and alternative propulsion technologies to the marketplace to decarbonise all industries in the longer term.
Total Biogas Push is Important Step Towards Bio-LNG Bunkers
by Ship & Bunker News Team
Wednesday January 13, 2021
French energy company
Total s acquisition of a major biogas producer in the country will help boost its ability to supply bio-LNG as a marine fuel, according to the head of its bunkering unit. On Monday Total announced the acquisition of
Fonroche Biogaz, the largest producer of renewable gas in France. The company now plans to produce
4-6 TWh/year of biomethane by
2030. This is an important step forward for us to realise bio-LNG as a real marine fuel solution for shipping s decarbonisation,
Jerome Leprince-Ringuet, managing director of bunkering unit
Mercuria Seeks to Boost Energy Transition Strategy With Alternative Fuels Acquisition
by Ship & Bunker News Team
Friday January 8, 2021 Global commodity trader
Mercuria is planning to boost its role in the energy transition with an acquisition in the renewable fuels space. Mercuria has agreed to buy a 61% stake in US alternative fuels supplier
Beyond6 for about
$169 million, the company said in a statement on its website last week. Mercuria is excited to continue to execute on its corporate strategy of increased investment in the energy transition to clean, renewable energy sources, the company said in the statement. Mercuria aims for
five years.