Page 5 - Al-Rashed Newsletter May 2022

SHIPPING WORLD
DID YOU KNOW?
Atelophobia is an anxiety disorder
characterized by fear of
imperfection.
The only film with the word
“perfect” in its title to win an Oscar
was Perfect Strangers (1945).
Almonds are a member of the peach
family.
Like fingerprints, everyone's tongue
print is different.
Stena’s Technical Group Joins Efforts for Compressed Hydrogen
Carrier
Australian start-up Provaris Energy reports that it is continuing to make
progress on its design efforts for a compressed hydrogen gas carrier. The
company is developing one of several concepts within the shipping industry
planned to meet the future needs to transport large quantities of hydrogen
gas. Provaris reports it is targeting 2026 for delivery of the vessel.
Provaris reports it has executed a Memorandum of Understanding with
Northern Marine Management, a member of the Stena AB group of
companies, to provide technical expertise to the project. Under the
agreement, the companies will develop a technical partnership to support the
ongoing engineering and development program of the H2Neo, the concept
for the compressed hydrogen (GH2) carrier.
THE MARITIME EXECUTIVE
Port of Virginia Plans to Run on 100-Percent Clean Electricity by 2024
The Port of Virginia has reached a landmark agreement to meet all of its
electrical power needs from clean energy sources within two years.
The port already sources some of the power for its cargo terminal operations
from renewables, and this is set to increase markedly. Through a power-
purchase deal negotiated with utility Dominion Energy and the Virginia
Department of Energy, the port will begin receiving up to 10 percent of the
output of new solar power installations totaling about 350 megawatts of
capacity. Along with other solar, nuclear and wind resources, the supply will
be enough to cover the port's load of 130,000 megawatt-hours per year. It
will be sufficient to cover 100 percent of the port's current electricity needs
and support the growth of its future power requirements.
“We look forward to providing carbon-free energy to The Port of Virginia and
supporting its efforts to become the first carbon neutral port on the U.S. East
Coast by 2040,” said Robert M. Blue, Dominion Energy’s chair, president and
CEO.
https://www.maritime-executive.com/article/stena-s-technical-group-joins-efforts-for-compressed-hydrogen-carrier
https://www.maritime-executive.com/article/port-of-virginia-plans-to-run-on-100-percent-clean-electricity-by-2024