Solstad given state grant to upgrade ships to green technology

Over the next three years, the Norwegian offshore shipping company Solstad Offshore will be investing NOK 300 million to upgrade 11 ships to a hybrid battery technology in order to reduce emissions of CO2. The Norwegian state is contributing to this investment.

Photo: PR / Solstad Offshore

Solstad Offshore, which has set itself a target of reducing the fleet’s CO2 emissions by 50 per cent by 2030, is investing NOK 300 million (USD 33.87 million) over the next three years in a new hybrid battery technology, the company announces in a statement.

The Norwegian offshore company wants to upgrade 11 ships using hybrid battery technology in order to reduce the ships' emissions of CO2. The Norwegian state is contributing NOK 87 million to this investment.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Maersk Product Tankers expects 2022 to be "not an amazing year"

There’s no doubt that 2021 was a miserable year for the global tanker industry. But 2022 could end up strong, many parties say. Maersk Product Tankers is more doubtful. ”2022 won’t be an amazing year,” CEO Christian M. Ingerslev tells ShippingWatch.

Researcher criticizes TotalEnergies' fuel report

TotalEnergies ignores shipping’s climate adaptions in the company’s prognosis for shipping’s future fuel consumption, researcher says in criticism. Among other things, TotalEnergies supports LNG.

OOCL doubles revenue despite significant drop in volumes

Container line OOCL, owned by China’s Cosco, doubled its revenue in 2021, with the top line for Q4 alone surging by 101.4 percent, the carrier says. This major increase happens despite a dive in container liftings during the quarter.

Further reading

Related articles

Latest news

See all jobs