1. Woodside collaborates to drive development of local hydrogen market
Woodside Energy, BGC and Centurion, with the support of the Western Australian Government, are advancing plans for a proposed self-contained hydrogen production, storage and refuelling station, located in the Rockingham Industry Zone.
The project was successful in the Expressions of Interest stage of the Department of Jobs, Tourism, Science and Innovation’s A$10 million Hydrogen Fuelled Transport Program. The Program aims to accelerate the uptake of hydrogen fuelled transport, build local skills and capability, and stimulate local hydrogen production. https://cyprusshippingnews.com/2022/08/17/woodside-collaborates-to-drive-development-of-local-hydrogen-market/
2. Wärtsilä power plant upgrade and extension will enable production expansion for largest gold mine in Senegal
The technology group Wärtsilä will supply an 18 MW extension to the power generating facility and upgrade the electrical and automation system of the existing power plant at the Sabodala-Massawa gold mine complex in Senegal, West Africa. The mine is owned by Endeavour Mining, a leading global gold producer. The upgrading and extension project will allow for the complete integration of all the site’s power generating capacity, while ensuring the availability of the needed electric power to maintain and expand the mine’s production schedules. https://cyprusshippingnews.com/2022/08/17/wartsila-power-plant-upgrade-and-extension-will-enable-production-expansion-for-largest-gold-mine-in-senegal/
3. Indonesia at the center of shipping’s global energy transition
The new P4G-Getting to Zero Coalition report “Shipping’s energy transition is published: strategic opportunities in Indonesia” explores the potential for Indonesia to accelerate and to benefit from international maritime decarbonization. The report finds that Indonesia has several opportunities to leverage the global transition to zero emission marine fuels towards key national objectives. However, achieving this will require targeted action in order to unlock these opportunities. https://cyprusshippingnews.com/2022/08/17/indonesia-at-the-center-of-shippings-global-energy-transition/
4. Why the government must break eastern Australia’s gas cartel
The record high gas prices on Australia’s east coast directly add to electricity costs, up 300% in 2022 versus last year. This is because gas sets the high prices for electricity in the wholesale market. This secondary effect is damaging the Australian economy the most. https://cyprusshippingnews.com/2022/08/17/why-the-government-must-break-eastern-australias-gas-cartel/
5. Venezuela to assist Cuba with reconstruction of Matanzas port damaged by five-day fire
Cuba’s largest port for crude oil and fuel imports was heavily damaged in a fire that started on August 5 after lightning struck a storage tank. The fire, finally extinguished five days later, destroyed four of eight crude oil tanks at the Matanzas port, located about 130 km from Havana.
Both Mexico and Venezuela sent firefighters to help battle the enormous fire. https://splash247.com/venezuela-to-assist-cuba-with-reconstruction-of-matanzas-port-damaged-by-five-day-fire/
6. Wallenius Wilhelmsen inks sustainability-linked loans worth $800m
Oslo-listed car carrier operator Wallenius Wilhelmsen has secured $800m worth of vessel-secured bank financing linked to the company’s emission reductions. The facilities consist of two new financing deals signed with 11 banks at the end of June, of which $670m was drawn down, mainly to repay $569m of existing vessel debt, while the remaining $130m is available as a revolving credit line and can be used for general corporate purposes. https://splash247.com/wallenius-wilhelmsen-inks-sustainability-linked-loans-worth-800m/
7. President Biden’s Oil and Gas Leasing Freeze Reinstated by Court
President Joe Biden won temporary permission to once again pause energy leasing on federal lands and waters, after a US appeals court found a trial judge’s order against the moratorium too vague to review. The court on Wednesday threw out the judge’s nationwide injunction forcing a restart of leasing from the Gulf of Mexico to Alaska and ordered the judge to revisit the issue. In the meantime, Biden’s pause stands. https://gcaptain.com/president-bidens-oil-and-gas-leasing-freeze-reinstated-by-court/
8. Port of Los Angeles Calls for More Cargo as Fluidity Improves
The nation’s top port for containers is out with some big numbers again today. The Port of Los Angeles reported preliminary July figures showing an estimated 935,345 TEU crossed its docks last month, outpacing the previous record set in 2019 by 2.5%. The Port of Los Angeles has now set monthly records in five of seven months in 2022. https://gcaptain.com/port-of-los-angeles-calls-for-more-cargo-as-fluidity-improves/
9. India’s first indigenous hydrogen-fuelled electric vessel to arrive next year
India’s first indigenously built hydrogen-fuelled electric vessel is planned to be delivered by March/April 2023, Asian News International (ANI) reported, citing Madhu S Nair, Chairman and Managing Director of Cochin Shipyard Limited (CSL). Back in April this year, the country’s Ministry of Ports, Shipping and Waterways announced the innovative project, kick-starting India’s efforts towards green shipping. https://www.shippingtribune.com/news/shipping/India%E2%80%99s+first+indigenous+hydrogen-fuelled+electric+vessel+to+arrive+next+year
10. Navigating to net zero: reducing emissions in shipping
Every day, thousands of ships crisscross the globe, transporting around 90% of the world’s traded goods. But it comes at a cost. The shipping industry accounts for around 3% of global carbon dioxide (CO2) emissions. So, the race is on to find ways to decarbonize.
That’s where bp comes in. For more than a century, we’ve shipped our energy products around the world. And at any one time, about 300 vessels are on the water for bp. It’s this combination of experience and expertise that’s being put to work finding some ways to help the shipping industry navigate a course to net zero. https://www.shippingtribune.com/news/shipping/Navigating+to+net+zero%3A+reducing+emissions+in+shipping
