Six consortia have been shortlisted by the Energy Market Authority (EMA) and Maritime and Port Authority of Singapore (MPA) for Singapore’s ammonia power generation and bunkering project on Jurong Island. The selected proposals will advance to the next stage of development through a closed Request f
Taiwanese container shipping major Evergreen has teamed up with Copenhagen Infrastructure Partners (CIP), the world’s largest fund manager within greenfield renewable energy, for collaboration on hydrogen-based marine fuels. To this end, Evergreen and CIP, on behalf of its Energy Transition Fund, ha
Industry giants Chevron, Euronav, and Cargill have announced their joint operational efficiency ambition statement as part of the Global Maritime Forum Annual Summit in Athens. Under the ambition, the trio committed to adopt vessel optimization strategies that can decrease annual fuel consumption by
Royal Wagenborg’s EasyMax 3 vessel has hit the waters at the Royal Niestern Sander shipyard Farmsum, Netherlands. With a cargo capacity of more than 14.000 tonnes and a hold capacity of 625.000 cbft, the Easymax vessel type is the latest series in the company’s fleet. With an installed power of less
Danish container shipping heavyweight Maersk has signed its first methanol dual-fuel conversion project with Chinese shipbuilder Zhoushan Xinya Shipbuilding Co. The momentous deal, inked during a special ceremony held on October 18, 2023, signifies the inception of the world’s maiden containership m
As the world turns its attention toward a new/old conflict arising in the Middle East, offshore energy players are seeking new ways to curb climate change and bring us closer to a mellifluous cleaner, greener future. The energy transition process is moving ahead with each passing day but there is no
Maersk Growth, the venture arm of Danish shipping giant A.P. Moller-Maersk, has added Switzerland-based cleantech and engineering company Methanology AG to its low-carbon fuel portfolio. Methanology focuses on developing technologies capable of producing large quantities of renewable methanol using
The Maritime and Port Authority of Singapore (MPA) has initiated a call for proposals from financial institutions, intermediaries, marine insurance providers, and brokers to expedite the use of electric harbour craft in Singapore, which is an integral part of MPA’s goal to achieve net-zero emissions
Wallenius Wilhelmsen and its project partners are working diligently on the development of the Orcelle Wind, an innovative wind-powered Pure Car Truck Carrier. Namely, parallel to the production of the first wing prototypes, the company is also working on the fine-tuning of the vessel design. The Al
NYK’s sixth LNG-fueled pure car and truck carrier, Sumire Leader, has started its transportation service for Mazda Motor Corporation, arriving at the port of Hiroshima on Oct 17 and the port of Nakanoseki on Oct 18. This vessel is the last of four LNG-fueled PCTCs delivered from China Merchants Jinl
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
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
Cool Company (CoolCo) has entered into sale and leaseback financing arrangements with Huaxia Financial Leasing for two LNG carriers that are being built by Hyundai Samho Heavy Industries in South Korea. Following the earlier announcement of the purchase of two 2-stroke LNG carrier newbuilds, namely
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
