Germany-based TT-Line and Finland’s Viking Line have entered into a Joint Operation Agreement (JOA) to establish a new ferry service operating between Vuosaari, near Helsinki, and Muuga, marking the former’s entry into the ferry market between Finland and Estonia. The parties intend to operate the route within the framework of a joint operation without establishing a separate company. For its part, Viking Line said its investment in the arrangement is estimated at approximately €10 million. TT-Line said a ‘suitable RoPax vessel’, to be announced next month, will be deployed on the route. As part of the arrangement, Viking Line will […]

In an open letter to the President of the European Commission Ursula von der Leyen, 170 companies working across the European energy sector have argued that any removal of mandates and targets for the use of renewable fuels of non-biological origins (RFNBO) as set out in the Renewable Energy Directive (RED) III ‘would waste six years of work and send shockwaves through the market, punishing first movers and creating a lack of confidence in EU climate and energy policies.’ In the revised RED III, in relation to hydrogen, demand is to be lifted by the directive through a binding combined […]

Speaking at a United Nations climate meeting yesterday (23 September), the European Commission (EC) President Ursula von der Leyen outlined how events – and the weather – this year have exposed the urgent need to tackle the twin challenges of climate change and energy dependency. Identifying energy security as ‘a crucial topic for Europe’, von der Leyen recounted how the EU countries ‘felt the pain of energy dependence for the first time when in 2022 Russia cut us off the gas’ – but they rose to the challenge by ‘investing massively in homegrown clean energies, that is renewables and nuclear’. […]