The nascent seaborne hydrogen trades are set to cross the Atlantic. Germany, which has been scouring the globe for new sources of energy in the six months since Russia invaded Ukraine, has signed a hydrogen supply deal with Canada.
Canadian prime minister Justin Trudeau and German chancellor Olaf Scholz signed a five-year hydrogen accord on Tuesday in Newfoundland and Labrador on Canada’s east coast. The two countries will create a transatlantic supply chain for green hydrogen this decade, with first deliveries aiming for 2025.
Scholz said Canada “has almost boundless potential to become a superpower in sustainable energy and sustainable resource production.”
To date, Japan’s Kawasaki Heavy Industries has been the only company to develop and operate liquefied hydrogen carriers, with a new route taking the gas from Australia to Kobe. Kawasaki Heavy is working on developing larger hydrogen carriers as are many other shipbuilders in Asia.
