Port of Aberdeen has been awarded funding from the UK Government to design and deliver the first large-scale landside and vessel-side shore power system in Scotland.
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 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...
The UK government has committed £34 million ($43 million) of funding, which is part of the Clean Maritime Demonstration Competition (CMDC), for new technologies that will help decarbonise shipping.
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...
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 UK’s race to decarbonise the maritime sector has been given another boost, with £60 million in government funding for the development of green maritime technologies.
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 UK government has launched a multi-million-pound Zero Emission Vessels and Infrastructure (ZEVI) competition to help decarbonise the UK’s maritime sector.