The global shipping industry is undergoing a profound transformation, and it’s not just about what fuel vessels burn. In a recent panel hosted by the Global Maritime Forum that brought together influential figures from the sector, including Michael Parker, Chairman of the Poseidon Principles, Genera
Poland’s ORLEN Group is expanding the company’s presence in the global liquefied natural gas (LNG) market with two new fleet additions, LNG carriers (LNGCs) named ‘Saint Barbara’ and ‘Ignacy Łukasiewicz.’ LNG carrier ‘Saint Barbara’ pays homage to the patron saint of miners, oil and gas workers, whi
In order to catch up with the ambitions of decarbonization targets for the maritime industry, shipowners are being encouraged to start proactively securing long-term contracts for green fuels from serious players as the availability of these fuels is likely to be restricted amid demand from other se
The Decarbonising UK Freight Transport (DUKFT) Network has released a new report claiming that hydrogen-derived fuels such as methanol and ammonia may be important in some niches for road and rail freight, but have the greatest role in decarbonizing domestic and international maritime freight.
Norwegian supplier of hydrogen-based energy systems for vessels HAV Hydrogen and maritime supplier Norwegian Electric Systems (NES), both subsidiaries of HAV Group ASA, have completed a laboratory test of a hydrogen fuel cell in combination with a maritime control system. The scope of the project wa
Green corridors are likely to transform the realm of shipping finance as the focus shifts from emissions from ships to the entire supply chain, according to Michael Parker, Chairman of the Poseidon Principles. Parker spoke on a panel on Wednesday as part of the launch of Progress Toward Shipping’s 2
Mitsui O.S.K Lines, Ltd. (MOL), MOL Drybulk, Ltd., Onomichi Dockyard Co., Ltd., Kawasaki Heavy Industries, Ltd. (Kawasaki) and Japan Engine Corporation (J-ENG) have been granted Approval in Principle (AiP) of parcel layout concept from Nippon Kaiji Kyokai (ClassNK) for hydrogen-powered multi-purpose
In the race to achieve the 5% target for scalable zero-emission fuel (SZEF) goal by 2030, the global shipping industry has made significant progress over the past year, as revealed in a recent report from UMAS, Getting to Zero Coalition, and Race to Zero. The developments are promising, but as the 2
South Korean shipbuilder Hyundai Samho Heavy Industries has started the construction of a 2-stroke LNG carrier for Cool Company (CoolCo). According to CoolCo’s brief social media update, the steel cutting ceremony for the LNG carrier was held on October 10, 2023. The vessel named Kool Panther is one
Japanese shipping major Mitsui O.S.K. Lines (MOL) has placed an order for a liquefied natural gas (LNG) carrier at Samsung Heavy Industries (SHI).
Norwegian equipment provider Kongsberg Maritime has delivered a 23% cut in CO2 emissions on the 121-meter passenger vessel, owned by Hurtigruten, a coastal ship operator and adventure travel company.
The maritime industry must build 80 million gross tonnage (gt) of zero-emission ships each year over the 14-year period from 2027 to 2040 to achieve the indicative checkpoints for 2030 and 2040 developed by the International Maritime Organization (IMO) in its 2023 Greenhouse Gas (GHG) Strategy, acco
Finnish rotor sail manufacturer Norsepower has been selected to provide rotor sails for the third LNG-powered, wind-assisted LCO2 carrier recently ordered by Northern Lights, a joint venture between oil majors Equinor, Shell, and TotalEnergies.
China’s Hudong-Zhonghua Shipbuilding has for the first time witnessed a scene of multiple LNG ships being built at the shipyard at the same time as well as two ships undocking at the same time, marking the overall acceleration of the company’s LNG production capacity doubling strategy. Hudong-Zhongh
