The UK Government is launching a £60 million (approximately $64.7 million) clean maritime competition aimed at helping finance innovative projects that can facilitate the maritime sector to cut its greenhouse gas emissions. The announcement coincides with World Maritime Day, which this year focuses
Converting containership vessels to alternative fuels is technically and economically feasible, Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping said citing findings of a new report. As the industry moves to decarbonize its fleet, numerous questions remain to be answered on the best pathways f
An ammonia bunkering vessel (ABV) developed by Nippon Yusen Kabushiki Kaisha (NYK Line) has won approval from the Japanese classification society ClassNK. The company has developed its own design drawings, and introduced a method of creating 3D models linked to the drawings at an early stage of the
An LNG dual-fueled and ammonia fuel prepared very large crude carrier (VLCC), developed jointly by China Merchants Energy Shipping (CMES), TotalEnergies, Dalian Shipbuilding Industry (DSIC), and GTT has received approval from the Bureau Veritas classification society. The approval in principle (AiP)
Construction of the Hydromover, a fully-electric cargo vessel with swappable batteries, has officially been kick-started at today’s keel-laying ceremony at the shipyard of Lita Ocean Pte Ltd, Singapore. The vessel was developed by Goal Zero Consortium partners. Green technology solutions provider Yi
Hong Kong-based container shipping company Orient Overseas Container Line (OOCL) has completed a trial use of marine biofuel for the first time in its fleet. The trial was carried out on OOCL Yokohama, a 4578-TEU container vessel. The containership was fueled with 1999.3 metric tons of B22 marine bi
Atlas Corporation, the owner of the world’s largest lessor of containerships, Seaspan Corporation, has received an increased bid for all of its outstanding shares from the Poseidon Acquisition Corp. The consortium, composed of David L. Sokol, Chairman of the Board of Directors of Atlas Corp., affili
Over the past couple of years, the maritime industry stakeholders have stepped up their sustainability efforts by producing their ESG strategies and starting to publish their first sustainability reports. Over the board, the companies agree they need to decarbonize their operations at least by 2050,
Russia’s largest shipping company PAO Sovcomflot and compatriot oil company PAO Gazprom Neft have carried out the first-ever bunkering of a marine vessel with liquified natural gas (LNG) in the history of the country’s transport industry. The bunkering operation involved Sovcomflot’s crude oil tanke
Japan’s Imabari Shipbuilding Co and Hitachi Zosen Corporation have signed an agreement on the acquisition of a 35 percent stake in the marine engine business that would be spun off from Hitachi Zosen. Hitachi Zosen, which has been working in the marine engine sector since 1940 as the only licensee o
South Korean shipbuilding major Daewoo Shipbuilding & Marine Engineering (DSME) has entered into a tentative deal with compatriot conglomerate Hanwha Group on the acquisition of a 49.3 percent stake and management rights in return for $1.4 billion. Under the terms of the Memorandum of Understanding,
Green corridors are coming forth as the central link that is expected to facilitate the shipping industry’s transition to alternative fuels and full-scale decarbonization. Several green corridors are already in the making linking ports within Europe or those connecting Europe with Asia and America.
Multinational technology specialist ABB and German engine manufacturer MAN Energy Solutions have teamed up on dual-fuel electric propulsion solutions. The new propulsion plant concept will be suitable for LNG carriers, Floating Storage Units (FSUs), and Floating Storage and Regasification Units (FSR
China Merchants Energy Shipping (CMES) has ordered two 175,000 cbm LNG carriers at compatriot Dalian Shipbuilding Industry Company (DSIC). China State Shipbuilding Corporation (CSSC), Dalin’s parent, said that the strong cooperation with CMES marks the first LNG carrier construction project for DSIC
