On the wires: CMA CGM leads the (almost) one-horse LNG box ship race
A risky bet to nowhere?
Thanks to Splash247 for the best headline of the week so far. The Loadstar and many of our peers have written plenty of stories about cycles of international shipping, such as nascent, and not entirely unsuccessful, efforts the bring about the return of windpower, but no one ever postulated ditching the oil for coal, possibly the dirtiest of carbon fuels, which was the fuel for 19th century steam power. However, UK engineering firm Steamology, which has developed technology that generates steam “using energy stored as compressed hydrogen and oxygen gas in tanks. High pressure superheated steam is used to drive a turbine to do useful work by generating electricity. The hydrogen and oxygen used in this process are manufactured using renewable energy from PV solar, geothermal or wind turbines to power electrolysis to split water into hydrogen and oxygen gas, and to compress the gas into storage tanks.”