News in Numbers

Maritime UK, the UK maritime sector’s representative body, has called on the UK Government and the wider industry to invest the £2bn ($2.5bn) per year it says will be needed to decarbonise by 2050.

The Port of Esbjerg has entered a co-operation agreement with the Danish labour market pension fund PensionDanmark to invest up to DKr7bn ($1bn) in the port’s green transition.

Avance Gas has exercised an option to purchase two mid-sized LPG/ammonia carriers (MGCs) from China’s CIMC in Shanghai. The Norwegian ship owner will purchase the two new builds for $123m.

Greek shipping company Imperial Petroleum has announced an agreement to acquire two vessels: the Aframax tanker Stealth Haralambos and the product tanker Aquadisiac. The contract value for both vessels is roughly $71m and they will be delivered on a charter-free basis in 2024.

International petrochemical supplier BP has invested $10m in WasteFuel, a California-based biofuel start-up which aims to produce bio-methanol fuel from both agricultural and municipal waste.