Energy consultancy Ricardo has announced that it is conducting a feasibility study on a green shipping corridor between Panama and the Spanish port of Algeciras. Ricardo will lead the EU-funded study, in collaboration with the Algeciras Bay Port Authority, the Panama Canal Authority, the Panama Maritime Authority, and Maritime & Logistics Consulting Group, S.A.  As part of the study, Ricardo will evaluate the business case for the corridor and look at feasible fuel options. Ricardo’s Associate Director for Transport Policy, Alexi Pons, commented: ‘The Panama–Algeciras green shipping corridor is not only significant because of its trans-oceanic distance, but also because […]

Singapore-headquartered Ocean Network Express (ONE) has announced the signing of an agreement to acquire a minority stake in Dalian Container Terminal (DCT) in Dalian, China.  DCT, which features 14 container berths, has an annual capacity of 6.6 million TEU (twenty-foot equivalent units), making it one of the biggest dedicated container terminals in the region ‘This acquisition of a minority stake aligns with our strategy of ensuring access at key regional ports,’ said Hiroki Tsujii, Global Chief Officer of ONE’s Product and Network division. ‘The ownership stake allows us to collaborate with DCT and contribute to its continued infrastructure development and […]

Projected European e-fuel production for shipping is unlikely to meet FuelEU’s targets for the uptake of green-hydrogen-based fuels, environmental NGO Transport & Environment (T&E) has said in the latest update of its shipping e-fuels observatory. The report, published on 18 December, examined 80 European green hydrogen and e-fuels projects, both in development and operational, that could produce volumes for the maritime sector. While those projects represent a total production capacity of more than 3.6 million tonnes of oil equivalent (Mtoe) by 2032, the research highlighted that only 158,300 toe, representing less than 5% of those volumes, is linked to projects […]