Japanese shipping major Mitsui O.S.K. Lines (MOL) and Brazilian mining giant Vale International SA have decided to retrofit a 200,000-ton class bulk carrier with two rotor sails produced by Norsepower Oy Ltd. The bulker is owned by MOL and employed by VALE under a mid-term contract for the transport
Japanese classification society ClassNK has issued four Approvals in Principle (AiPs) to French LNG containment specialist GTT recognizing the company’s latest development projects in alternative fuels. The concepts that won approvals include: – Concept of 12,500m3 LNG Dual-fuelled VLCC fitted with
Ship management company Anglo-Eastern has received an integrated carbon intensity indicator (CII) tool from Finnish technology group Wärtsilä.
Brooklyn-based technology startup Amogy Inc. is retrofitting a tugboat to run on its ammonia-to-power system and is planning to present the vessel in late 2023. Namely, Amogy intends to sail the tugboat later in 2023 in upstate New York, pending further safety testing and regulatory discussions. The
French container shipping major CMA CGM welcomed nine e-methane-ready dual-fuel container ships into the fleet in 2022. The ships pertain to CMA CGM’s $10.2 billion investment in a fleet of 77 LNG-powered and “e-methane ready” vessels of which 32 are already in operation. The company also has six bi
Tokyo-based shipping company IINO Kaiun Kaisha has conducted a trial on one of its chemical tankers using a marine biofuel blend delivered by British oil and gas company BP in Singapore. On 18 December 2022, IINO’s chemical tanker Chemroad Echo was supplied with B24 marine biofuel, consisting of 24%
Yinson Green Technologies, through its subsidiary Yinson Venture Capital Pte., has made a strategic investment in Zeabuz AS, a Norwegian startup specializing in autonomous solutions for the maritime industry. The investment provides the foundation for YGT to work closely with Zeabuz in the developme
India is ramping up efforts aimed at modernizing its fleet and is reviewing the requirements of the registration and operation of ships to ensure the quality of the Indian flag. As a result, the country is withdrawing trading licenses to all tankers that are 25 years old or above, the country’s Dire
Norwegian tanker owner and operator Frontline revealed its highest quarterly net income since the second quarter of 2008 standing at $240 million for the fourth quarter of 2022. “The fourth quarter of 2022 may have given us a preview of the years to come in the tanker market as Frontline posts its b
Norwegian shipowner Belships has entered into agreements to acquire three new Ultramax bulk carriers which are being constructed at Japanese shipyards. The Japanese-design Ultramax bulk carriers represent the highest quality and lowest fuel consumption available in the market today, Belships said. T
Chevron Shipping Company, a subsidiary of energy major Chevron, has entered into an agreement with Sembcorp Marine Repairs & Upgrades Pte. Ltd, a wholly-owned subsidiary of Sembcorp Marine, with an aim to reduce the carbon intensity of its LNG fleet operations. Under the agreement, Sembcorp Marine w
CSSC Qingdao Beihai Shipbuilding has launched the construction of CMB’s ammonia-ready 210,000 dwt bulk carrier. The Capesize bulker is part of a contract the Belgian shipowner signed with the shipyard in January last year. The deal was described as the world’s first order for ammonia-ready Capesize
The Green Ray project, led by a consortium of companies across the shipping supply chain, has won funding from the European Union to develop solutions minimizing methane slip from marine engines. The funding worth €7 million has been secured through Horizon Europe, the EU’s key funding program for r
Japanese shipbuilder Kawasaki Heavy Industries has won a shipbuilding contract for an 86,700 cmb liquefied petroleum gas (LPG) and liquefied ammonia gas (NH3) carrier from Dubai-based energy company BGN INT DMCC. The vessel is equipped with separate cargo tanks designed to carry LPG and NH3 at the s
