A group of Norwegian companies is developing systems to achieve zero-emission shipping by combining liquid hydrogen fuel cells with battery storage by 2023, as decarbonisation penetrates further into the transport sector.
Bergen-based system integrator Norwegian Electrical Systems (NES) intends to plant a 3.2MW hydrogen fuel cell onto a large vessel currently being designed by Havyard Design for the shipowner Havila.
Posted on - 2020-02-09South Korea’s Financial Services Commission has announced that it would allocate KRW820bn ($693m) to help domestic owners to modernise their fleets, South Korean media Yonhap reports
The financial package aims to support smaller shipowners to build 59 new ships in total, comprising of 38 cargo ships and 21 passenger ships.
Under the plan, shipping companies will be reimbursed for up to 60 percent of the cost of the newbuildings and the state-run Korea Ocean Business Corp will guarantee more than 95 percent of the loans.
Posted on - 2020-02-09The United States has pledged to increase funding to 11 Pacific countries to improve standards of living and their adaptation to climate change.The US Agency for International Development (USAID) mission director to the Pacific said Washington had pledged more than $US100 million of new funding to the region.
Posted on - 2020-02-04