IMO’s new Carbon Intensity Indicator (CII) regulations will not help the environment and may actually lead to higher rather than lower emissions, German dry bulk carrier owner and operator Oldendorff Carriers said. The company released a study that delves into the rating scheme pointing to examples
Focusing on ammonia as one of the next-generation eco-friendly energy sources, South Korean shipbuilder Hyundai Heavy Industries Group (HHI) has joined forces with Korea National Oil Corporation (KNOC) to develop an ammonia floating storage and regasification unit (FSRU). Ammonia FSRU is a ship that
Members of the OCEAN Alliance, CMA CGM, COSCO Shipping Lines, OOCL and Evergreen have signed the Ocean Alliance Day 7 Product, which will launch in January 2023 with 40 services and an annual capacity of 22.4 million TEUs. It has been announced that 26 dual-fuel, LNG-powered CMA CGM ships would be a
German engine manufacturing powerhouse MAN Energy Solutions demonstrated today the performance of its new dual-fuel four-stroke 49/60DF engine from the testbed in Augsburg, Germany. Based on the information presented today, MAN claims that its 49/60 DF engine offers a feasible decarbonization pathwa
The International Association of Dry Cargo Shipowners (INTERCARGO) has joined the critics of the Carbon Intensity Indicator (CII) framework voicing opposition to its use as a benchmark for medium-term measures as part of the IMO’s revised GHG Strategy. INTERCARGO said that its members expressed thei
French container shipping major CMA CGM Group has signed a binding agreement to acquire GCT Bayonne and New York terminals, currently held by Global Container Terminals Inc (GCT). The Port of New York and New Jersey represents CMA CGM’s largest gateway on the U.S. East and Gulf Coasts. The company n
Canada’s Waterfront Shipping, a subsidiary of Methanex, the world’s largest producer, and supplier of methanol, has entered into a time-charter agreement with Trafigura for a methanol dual-fuel tanker. Under the agreement, Trafigura will operate the co-owned Waterfront Shipping and Clean Sea medium-
“It is quite clear that liquid hydrogen is the cheapest option. It is much cheaper than ammonia when you look at the whole cycle of putting the hydrogen into the ammonia and taking the hydrogen out. If you can have liquid hydrogen which is stored without loss or very low loss, then liquid hydrogen i
France-based wind propulsion developer Airseas has revealed the first pictures and video footage of its automated kite system Seawing in flight during ongoing transatlantic sea trials. The material is being revealed following the completion of the crucial initial stages of the trials, which are taki
Danish container shipping major Maersk is resuming its partnership-building strategy aimed at securing the supply of green fuels for its new ships. Namely, the company has signed a Memorandum of Cooperation (MoC) with the Alternative Energy (AE) business unit of OQ, a global integrated energy compan
The best solution for the shipping sector to cut CO2 emissions in the short term is to resort to fuel consumption efficiency measures in anticipation of greater maturity of green fuels’ production and the development of the relevant infrastructure, as explained by Barry Bednar, CEO of SodaFlexx. The
Marine robotics company Ocean Infinity has taken delivery of the first two robotic vessels that will form part of the high-tech Armada fleet. The two ships have left Vard Vung Tau shipyard in Vietnam and are headed to Norway and Vard Søviknes. “Armada 7801 and 7802 have set sail from Vietnam and are
Norwegian shipowner Ocean Yield AS is continuing its shopping spree now targeting the acquisition of up to ten Newcastlemax dry bulk newbuildings for a total consideration of up to $576 million. Upon delivery, the vessels will commence 15-year bareboat charters to an unnamed dry bulk operator with p
State-run shipping giant China Merchants Energy Shipping (CMES) revealed earlier today that it has signed a Letter of Intent (LoI) for the construction of up to six dual-fuel methanol-powered Pure Car and Truck Carriers (PCTC). The deal, signed with China Merchants Industry Holdings, stipulates the
