Classification society ABS has granted approval in principle (AiP) to South Korean shipbuilders Hyundai Heavy Industries (HHI) and Hyundai Mipo Dockyard (HMD) for the concept design of two ammonia-fueled liquefied petroleum gas (LPG) carriers. The approval was awarded at Gastech, a global gas, LNG,
Japanese shipping company Kawasaki Kisen Kaisha (K Line) has signed a memorandum of understanding (MoU) with Indian steel producer JSW Steel for establishing the working committee for collaborative research on decarbonisation. The companies agreed to share research and ideas on their respective know
With the fuel transition underway, the shipping industry will need massive onboard technology investments ranging between $8 to $28 billion per year between 2022 and 2050 to reach full net-zero goals, a forecast released by the classification society DNV reports. DNV released its sixth maritime fore
Norwegian integrated automation and energy specialist Høglund Marine Solutions has been contracted to deliver complete automation and energy systems to compatriot chemical tankers operator Utkilen for four newbuild vessels, set to be among ‘Europe’s most future-oriented’. Høglund will deliver a comp
South Korean shipbuilding major Daewoo Shipbuilding & Marine Engineering (DSME) and classification society DNV have signed a memorandum of understanding (MoU) to develop wind assistance propulsion technology. The two parties signed the MoU during this year’s Gastech, a global gas, LNG, hydrogen, and
Samsung Heavy Industries (SHI) has secured approval in principle from the compatriot classification society Korean Register (KR) for the design of an ammonia-fuel ready very large gas carrier (VLGC). The VLGC will be capable of using ammonia as a fuel as well as carrying it as bulk cargo. The design
The world’s largest shipbuilders are tapping into the surging demand for LNG carriers. South Korea’s Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering Co (DSME) revealed today a combined order for 11 LNG carriers worth approximately $2.35 billion. DSME said on Tuesday that
A coalition of shipping leaders, led by industry majors Shell and Mediterranean Shipping Company (MSC), launched today a technology accelerator intending to examine and advocate for maritime technology solutions to measure and manage methane emissions. The Methane Abatement in Maritime (MAM) Innovat
Exmar LPG, a joint venture (JV) between EXMAR and Seapeak, has placed a firm order for two midsize carriers with Korea’s Hyundai Mipo Dockyard (HMD). The 46,000 m³ dual fuel (LPG) vessels are scheduled for delivery in the fourth quarter of 2024 and the first quarter of 2025 respectively. The price t
French shipping major CMA CGM has decided to create a Special Fund for Energies, backed by a five-year $1.5 billion budget, to accelerate its energy transition and achieve net-zero carbon by 2050. The fund will invest to support the industrial production of new fuels and low-emission mobility soluti
Saudi Arabian logistics and shipping company Bahri has launched the first phase of its Fleet Performance Monitoring Center (FPMC), set to enhance operations in the areas of speed and consumption, energy efficiency and hull performance. Bahri aims to develop it into a centralized support system that
South Korean shipbuilder Hyundai Heavy Industries (HHI), autonomous navigation solutions startup Avikus, classification society Korean Register (KR) and Liberian Registry are collaborating to commercialise autonomous navigation technology. The parties signed a memorandum of understanding (MoU) on 26
Chinese shipping heavyweights China Merchants Energy Shipping and COSCO Shipping Bulk have voiced their plans to focus on methanol marine fuel as their primary area of research in the future. The move was announced by CMES chairman Xie Chunlin and Gu Jinsong, Chairman of COSCO Shipping Bulk in a mee
Marine Energy Wales has released its annual ‘State of the Sector Report’ which dives into the opportunities and economic benefits of the developing marine energy sector in Wales.
