South Korean shipbuilding major Samsung Heavy Industries (SHI) has secured an order for the construction of a liquefied natural gas (LNG) carrier. The contract, which is valued at a staggering KRW 350.8 billion ($260 million), was awarded by an unnamed Asian shipowner. The vessel is expected to be c
A 210,000-ton LNG dual-fuel bulk carrier built by Beihai Shipbuilding, a subsidiary of China State Shipbuilding Corporation (CSSC), has completed sea testing. CSSC said that during the trial, the shipowner, ship inspector, shipyard and service providers worked together, made arrangements, coordinate
Italian shipbuilder Fincantieri has signed a contract for the construction of liquified natural gas (LNG) dual-fuel RoPax ferry for Sicilian Region.
Greek shipping magnate Evangelos Marinakis, alongside his son Miltiadis and private company Capital Maritime & Trading, has revealed plans to propose a significant shift in the business focus of New York-listed shipowner Capital Product Partners. The proposal, disclosed in a filing with the U.S. Sec
A coalition of industry leaders, environmental advocates, and policymakers have called for the inclusion of Carbon Capture and Utilisation (CCU) and Carbon Capture and Storage (CCS) technologies in the European Union’s Net Zero Industry Act (NZIA) as strategic net-zero technologies. The joint statem
Bermuda-based bulk carrier company Himalaya Shipping has signed time charter agreements for two of its LNG dual-fuel vessels currently under construction at New Times Shipyard in China. According to the company, the vessels will commence a two-year time charter with “an evergreen structure” upon del
The latest agreement between Belgian shipping major CMB and its Norwegian counterpart Frontline signals a new chapter for tanker owner Euronav, one that holds the promise of resolving long-standing disputes and steering the company toward a more diversified and sustainable future. Specifically, CMB
The first in a new series of twelve new green methanol-powered containerships ordered by Danish shipping giant A.P. Moller Maersk has been launched at South Korea’s shipyard Hyundai Heavy Industries (HHI).
Monaco-based dry bulk shipping company Safe Bulkers has entered into contracts for the acquisition of two dual-fuel newbuild Kamsarmax class dry-bulk vessels as part of its fleet renewal strategy. The two 81,200 dwt vessels which are capable of running on methanol and fuel will be acquired at attrac
Safetytech Accelerator, a non-profit established by Lloyd’s Register, in collaboration with CoolCo, MOL and Shell International Trading and Shipping Company Limited, has chosen Green Instruments and Everimpact as the first two technology providers to be evaluated by the flagship Methane Abatement in
With the world adapting to emerging sources of supply and decarbonization technologies, the discussion about which fuel is the top contender for the successful energy transition continues. Despite the growing opposition to fossil fuels, some consider natural gas, primarily LNG, as the leading transi
The development of molten salt reactor technology for maritime use has taken a huge step forward with the successful start of pumped-salt operations at a dedicated facility in the US. Specifically, Southern Company, TerraPower and CORE POWER have kick-started pumped-salt operations in the Integrated
The U.K.’s second largest port operator Peel Ports Group revealed that it has reduced its greenhouse gas emissions across its port facilities by almost a third since 2020. The port said in its ESG report that it had managed to cut Scope 1 & Scope 2 emissions across its port operations by a total of
South Korea’s shipping major H-Line Shipping and steel giant POSCO have joined hands with compatriot refiner GS Caltex to champion carbon reduction in the maritime realm by using marine biofuel. The three companies inked a Memorandum of Understanding (MoU) on October 5, 2023 in Seoul, signaling the
