Japanese shipping major Nippon Yusen Kabushiki Kaisha (NYK) and compatriot energy titan ENEOS have signed an agreement for the sale and purchase of marine fuel with carbon dioxide (CO2) removal credits (CDR credits) created via direct air capture with carbon storage (DACCS). DACCS is one of the nega
France-based shipping titan CMA CGM has launched the 85,700 dwt CMA CGM Petra, the first in a series of six container vessels that are set to join the company’s liquefied natural gas (LNG)-powered fleet. According to London-based data provider VesselsValue, the Post Panamax boxship was built by Sout
Chinese state-owned transportation service conglomerate COSCO SHIPPING Group and terminal operator Shanghai International Port Group (SIPG) have invested in SAIC Anji Logistics, a logistics unit owned by Shanghai-based SAIC Motor Corp, each obtaining 10% of the company’s shares.
Norwegian ocean services provider DeepOcean is taking 100% ownership of the pipeline repair and subsea intervention (PRSI) Pool Services contract with Equinor, formerly operated in a joint venture (JV) with TechnipFMC. To remind, Equinor has operational responsibility for what is said to be the worl
The Pacific Northwest Hydrogen Association (PNWH2) and MHI Hydrogen Infrastructure’s (MHI H2I’s) Boardman Hydrogen Hub project have signed a subrecipient agreement that advances PNWH2’s objectives and movement toward the deployment of clean hydrogen infrastructure and technologies in the region.
Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK) and compatriot logistics provider Yusen Logistics (YL) have introduced a digital platform for managing greenhouse gas (GHG) emission reductions.
Avikus, an autonomous navigation solutions venture founded by South Korean shipbuilder Hyundai Heavy Industries (HHI) Group, has signed a supply contract with compatriot shipping major H-Line Shipping for its AI-driven autonomous navigation solution intended for commercial vessels. As disclosed, H-L
Finnish technology heavyweight Wärtsilä is set to divest its Automation, Navigation and Control System (ANCS) business to the Swedish investment company Solix Group AB. Pending formal approvals, the transaction is expected to be completed in the second quarter of 2025. ANCS—which was acquired by Wär
Carbon capture and storage (CCS) is seen as a bridge to help the world wean off carbon fuels. With that in mind, this developing technology is not going to be temporary and is definitely going to happen on a large scale. To reach that as quickly as possible, we need regulations, licensing, a supply
UK-based wind-assisted propulsion provider Anemoi Marine Technologies has completed the installation of five rotor sails onboard the 400,000 dwt very large ore carrier (VLOC) Sohar Max, making it “the largest” vessel to receive wind propulsion technology to date.
Germany’s energy company Mabanaft has concluded an agreement with compatriot shipping major Hapag-Lloyd for the supply of B30 biofuel in Hamburg.
Dutch shipbuilder GS Projects has commissioned compatriot Damen Marine Components (DMC), a maneuvering systems provider, to supply the steering, control and propulsion equipment for four dry cargo vessels being constructed at the former’s shipyard in Waterhuizen, the Netherlands. As disclosed, the 6
The government of the Philippines has partnered up with the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS) to develop green shipping corridors in the country.
BP and ADNOC, through its recently established investment arm, XRG, have given birth to Arcius Energy, a new regional gas platform, with an initial focus on the development of gas assets in Egypt.
