German shipowner John T. Essberger Group has signed final agreements with China Merchants Jinling Shipyard Dingheng Co. Ltd to build four 6,600 dwt stainless steel parcel chemical tankers with options for an additional four vessels.
On May 18, Ship Recycling Transparency Initiative (SRTI) hosted by the Sustainable Shipping Initiative (SSI) published its annual progress report compiling data from twelve major shipowners which operate a total of 3439 vessels.
Finnish ferry operator Finnlines has contracted clean technology company Silverstream Technologies to install its air lubrication technology on two environmentally friendly newbuild roll-on/roll-off passenger (RoPax) vessels.
German propulsion company Schottel has delivered main propulsion units for a new ferry to Netherlands-based Holland Shipyards Group.
Shipping is one of the few transport modes that does not achieve zero emissions in the Net‐Zero Emissions by 2050 Scenario, released by the International Energy Agency (IEA). The agency ascribed this to a lack of available low‐carbon options on the market and the long lifetime of vessels (typically
Danish shipping companies Evergas and Ultragas have established Dan-Unity CO2, the first shipping company specialized in vessels for the transport of captured CO2 for storage and re-use. The company has set up a partnership with Carbfix, an Icelandic startup specializing in C02 storage. The duo plan
Maersk Supply is making a move to enter Norway, targeting the towing and installation of units for offshore wind and the oil & gas industry.
Norwegian tanker owner and operator Frontline has entered into an agreement to acquire six ECO-type VLCC newbuildings through resale. The six VLCCs are currently under construction at the Hyundai Heavy Industries shipyard in South Korea. The VLCCs are being bought for $565.8 million, including an es
ExxonMobil is working to resolve technical challenges and design issues on its Liza Destiny FPSO as it awaits the arrival of a key component.
Greek shipping company Diana Shipping has signed a sustainability-linked loan facility with Dutch ABN AMRO Bank through six wholly-owned subsidiaries in the amount of $91 million.
X-Press Feeders, the world’s largest independent common carrier, has made an investment in Core-Power, a UK-based development company specializing in scalable atomic power technology for ocean transport and heavy industry.
German renewable energy company BayWa r.e. has informed that the initial studies carried out on a floating solar farm in Zwolle in the Netherlands showed no adverse effects to the surrounding environment.
Swedish company Lean Marine has been contracted to install its propulsion optimization technology across the tanker fleet of Ardmore Shipping Corporation.
A global effort to reduce sulfur and greenhouse gas (GHG) emissions from ships has researchers from the US National Renewable Energy Laboratory (NREL) and other Department of Energy facilities investigating the potential use of marine biofuels.
