Danish container shipping major Maersk and IBM have decided to withdraw the TradeLens offerings and discontinue the platform. The blockchain-enabled shipping solution was created in 2018 with the aim of promoting more efficient and secure global trade, bringing together various parties to support in
ONE Trust, a 20,170 TEU containership owned by Japanese shipowner Ocean Network Express (ONE), is showcasing an innovative device installed on its bow, a wind deflector. The device has been installed at Qingdao Beihai shipyard in China during the vessel’s recent drydock. ONE Trust was built in 2017
Greenhouse gas emissions from the world’s maritime fleet increased by 4.7%, between 2020 and 2021, with most of the increase coming from container ships, dry bulk carriers and general cargo vessels, the latest Maritime Transport report from UNCTAD warns. Another worrying trend is the fact that the f
The Finnish–Swedish ferry operator Wasaline has been able to cut its CO2 emissions in half since the arrival of its new LNG-powered ferry Aurora Botnia over a year ago. The ferry entered service between Vaasa, Finland and Umeå, Sweden in the autumn of 2021. The Aurora Botnia is a 150-meter car and p
Dutch shipbuilder Damen has signed a Memorandum of Understanding (MoU) with U.S.-based engine manufacturer Caterpillar and official Cat dealer for the Netherlands Pon Power for the joint development of a series of dual-fuel methanol/diesel powered tugs. “A big step in Damen‘s aim to become the world
Australian energy major Woodside Energy has shipped a liquefied natural gas (LNG) from Australia’s North West Shelf to Europe to contribute to the security of supplies. The cargo of approximately 75,000 tonnes of LNG (100 million cubic metres of natural gas) was delivered on board the Woodside Rees
Germany-based ferry owner and operator TT-Line has taken delivery of its second green ship, the LNG-powered Peter Pan. The RoPax ferry was handed over during a signing ceremony held this morning at the Chinese shipyard Nanjing Jinling. The vessel features a length of 230 meters and a breadth of 31 m
Japanese shipping company K Line has secured approval in principle from ClassNK for the design of its ammonia-fueled bulk carrier, paving the way for the company to take delivery of the vessel in 2026. The 200,000 deadweight ton class bulk carrier design is being developed by K Line in cooperation w
UK-based marine engineering consultancy BAR Technologies and Norwegian technology company Yara Marine Technologies have launched the production of BAR’s solid wing sails. The two companies said that the ‘first cut’ of the steelwork that will form the first production run of WindWings has been comple
Finnish technology group Wärtsilä has entered into a joint development agreement with Hycamite TCD Technologies, a privately-owned compatriot company specialising in the development of technology for producing clean hydrogen and solid carbon from methane. Under the agreement, the two companies will
South Korea’s shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has canceled a contract for the construction of an LNG carrier from a client from Russia. The contract termination was assigned to delays and stoppages of the supply of major equipment and materials due to export sanctions imp
French container shipping CMA CGM is getting ready to launch a call for projects in early 2023 intended to support the decarbonization of the French shipping and port industry. The company has already committed a €200 million budget for the projects from its five-year $1.5 billion budget, which was
Zergratran SA, a transportation company that is building the world’s first tunnel to expedite shipping goods between the North Atlantic and the North Pacific, has announced its Reg A+ offering to raise $75 million in funding as its initial step to building the first Green Shipping Corridor. The Puer
Swiss-based technology developer ABB has secured a breakthrough contract with the shipyard COSCO Shipping Heavy Industry (Yangzhou) to equip ten China COSCO Shipping Corporation Limited’s container vessels with its permanent magnet shaft generator systems. Due for delivery by the end of 2025, the or
