Odfjell

How can green bonds help companies overcome costs to go green?

Green bonds help companies fund environmental projects.

Green bonds are funds that are raised with the specific goal of improving a company’s environmental sustainability. They often support the adoption of assets or practices that lead to lower greenhouse gas emissions.

One of the largest barriers to adopting emissions-reduction technologies in the transportation sector is the high initial costs. Many sustainable solutions, such as electric vehicles, have higher upfront costs but lower total costs of ownership than conventional solutions. But the...

https://www.freightwaves.com/news/how-can-green-bonds-help-companies-overcome-costs-to-go-green

Odfjell Chemical Tankers files suit against ACBL

In a lawsuit filed October 22 in the U.S. District Court for Eastern Louisiana, Odfjell Chemical Tankers is seeking damages from American Commercial Barge Lines (ACBL) following a March 16, 2021, incident involving the tanker Bow Tribute and the ACBL towing vessel American Way.

Odfjell alleges that during an agreed upon overtaking maneuver on the Lower Mississippi River, the American Way and the two barges it had under tow “moved approximately 1,250 feet to her port (toward BOW TRIBUTE) and...

https://www.marinelog.com/inland-coastal/inland/odfjell-chemical-tankers-files-suit-against-acbl/

DNV Completes Successful Concept Verification Review Of Odfjell’s Floating Wind Power System

WindGrid_system care of Odfjell Oceanwind

DNV, the world’s leading classification society, has completed a concept verification review of Odfjell Oceanwind’s WindGrid (WindGrid) system for Mobile Offshore Wind Units (MOWUs).

DNV’s review confirms the technical feasibility of the WindGrid system, and that expected reductions in CO2-emissions for North Sea applications are in the range of 60-70%, compared to generation of electricity from conventional gas turbines.

Odfjell’s WindGrid is a solution for providing an uninterrupted power...

https://www.marineinsight.com/shipping-news/dnv-completes-successful-concept-verification-review-of-odfjells-floating-wind-power-system/

CSOs get a seat at the C-suite table

FreightWaves chats with CSOs to learn how they drive sustainable progress.

Chief sustainability officers (CSOs) are popping up in corporate boardrooms worldwide as the importance of sustainability grows clearer to consumers, investors and businesses.

CSOs can be in charge of many aspects of sustainability, including risk management, safety, emission-reduction strategies, environmental impacts, community support, worker welfare, financial sustainability and more. 

Sometimes, they’re also involved in marketing and communicating a company’s sustainability progress to the...

https://www.freightwaves.com/news/csos-get-a-seat-at-the-c-suite-table

18 Injured In A Chemical Explosion In South Korea

Seventeen months on from a very high profile explosion in the southeast of South Korea and the ship in question remains the source of much conjecture, still unable to leave the Asian nation, reports Splash247.

The accident 

Eighteen people were injured when a fire broke out on two vessels following an explosion on the chemical tanker Stolt Groenland moored at the Korean port of Ulsan in later September 2019.

The fire that broke out after the explosion spread to another chemical tanker, Bow Dalian,...

https://mfame.guru/18-injured-in-a-chemical-explosion-in-south-korea/

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