Maritime
According to a new report on the Global Maritime Hub, sustainable shipping fuels are set to reach cost parity with fossil-based fuels by 2035 with determined policy measures.
Read more: Sustainable Shipping Fuels: A Game-Changer for the Maritime Industry?
At the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP27), the United States and Norway hosted the Green Shipping Challenge, MarineLink reported on its website in an article by Barry Parker, an expert consultant providing a variety of services across the maritime spectrum.
Read more: Are "Hydrogen Hubs" key to the decarbonization of the maritime industry?
After a sluggish beginning to the year, order volumes for ships powered by alternative fuels have picked up significantly in February, reports The Maritime Executive in an article appearing on their site last week. They point to DNV reports that a record number of orders of dual-fuel methanol vessels and significant growth in demand for LNG-powered ones. Following the success witnessed last year, it appears 2023 is likely to yield similar results with an increased appetite for new ship construction across several industries, the article stated.
The Federal Transit Administration of the U.S. Department of Transportation revealed an incredible $384.4 million in federal funding from President Biden's Infrastructure Law to progress and enhance ferry service throughout America!