UK’s zero-emission shipping projects get £80mln financial support

The UK Government has revealed the winners of the Zero Emission Vessel and Infrastructure fund (ZEVI), supporting economic growth and boosting the UK’s decarbonisation efforts with £80 million investment.

The post UK’s zero-emission shipping projects get £80mln financial support appeared first on Off...

https://www.offshore-energy.biz/uks-zero-emission-shipping-projects-get-80mln-financial-support/

Transfix looks to raise Series F with 60% devaluation, source suggests

The weak freight market has taken its toll on FreightTech valuations.

FreightWaves late Monday obtained a release showing digital freight marketplace Transfix is looking to raise a $50 million Series F at a $376 million valuation, a 60% reduction from the $940 million the New York City-based company was valued at in its last funding round in March 2020. A source attributed the valuation drop to “largely market forces.”

Transfix reportedly has secured $30 million in financing from New Enterprise...

https://www.freightwaves.com/news/transfix-looks-to-raise-series-f-with-60-devaluation-source-suggests

Zero-Carbon Fuel Shipping Movers Ahead: How They Work

Credit: Tom Fisk/Pexels

Current trends in shipyard activities, government, ports, funding, and industry participants, as well as fuel transition as reported by Breakwaveadvisors.

MOU for ammonia as a fuel

Maritime industry giants are ready to explore ammonia as green fuel for U.S. East Coast.

Namely, A.P. Moller – Maersk, American Bureau of Shipping, Fleet Management Limited, Georgia Ports Authority, Maersk Mc-Kinney Moller Center for Zero Carbon Shipping, Savage Services, Sumitomo Corporation, and...

https://mfame.guru/zero-carbon-fuel-shipping-movers-ahead-how-they-work/

Norsepower nets €28M in funding to boost production of rotor sails

Finnish cleantech company Norsepower Oy has secured €28 million in its latest funding round to scale up production and expand the reach of its fuel-saving and emissions-reducing technology, rotor sails.

The post Norsepower nets €28M in funding to boost production of rotor sails appeared first on Off...

https://www.offshore-energy.biz/norsepower-nets-e28m-in-funding-to-boost-production-of-rotor-sails/

MARAD sets aside additional $662M for port infrastructure projects

The U.S. Department of Transportation’s Maritime Administration (MARAD) has announced a Notice of Funding Opportunity (NOFO) making available more than $662 million funding in 2023 for Port Infrastructure Development Program (PIDP). 

The post MARAD sets aside additional $662M for port infrastructure...

https://www.offshore-energy.biz/marad-sets-aside-additional-662m-for-port-infrastructure-projects/

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