There is significant room for improvement of propulsive efficiency of ships with new propulsor and hull form innovations to help reduce fuel consumption and add to the decarbonization efforts of the shipping industry, Finland-based research institute VTT said. Propulsive efficiency translates to the
Jurong Port, Mitsubishi Heavy Industries Asia Pacific (MHI-AP), a subsidiary of Mitsubishi Heavy Industries, and JERA Asia, a subsidiary of JERA have teamed up on the production of ammonia. The trio has entered into a Memorandum of Understanding (MoU) to explore establishing a 100% ammonia direct co
A.P. Moller – Maersk has entered into a methanol partnership with Chinese bioenergy enterprise Debo. The parties have signed a Letter of Intent covering Debo’s plans to develop a bio-methanol project for Maersk in China with capacity of 200,000 tonnes per year to start commercial operation by fall 2
The quest for zero-emission fuels is dominating the decarbonization narrative in the maritime industry today. Ammonia and hydrogen are at the top of the candidate list for the future fuel mix. However, there are numerous challenges in establishing a scalable production of green hydrogen and green am
Norsepower has inked a contract with Dalian Shipbuilding Industry to deliver single rotor sails onboard two newbuild LNG-powered, wind-assisted CO₂ carriers commissioned by the Northern Lights JV. Northern Lights JV is developing the transportation and storage component of Norway’s Longship project
FPS Maas, an inland containership owned by Dutch shipping company Future Proof Shipping, arrived at the Holland Shipyards Group yard in Werkendam on Monday for its conversion. Namely, over the coming months, the vessel’s diesel combustion engine will be removed, and a hydrogen and fuel cell propulsi
Japanese industry major NYK Line and compatriot UNI-X NCT have started operating four new transfer cranes at the NYK Tokyo Container Terminal (NYTT). The cranes, developed by Mitsui E & S Machinery, are based, and each comes equipped with a downsized diesel engine that reduces carbon dioxide (CO2) e
Taiwanese shipping company Yang Ming Marine Transport Corporation has opened an international tender for the procurement of five LNG dual-fuel 15,000 TEU-class container carriers.
Florida-based marine company Crowley has been selected by Senesco Marine shipyard from Rhode Island to provide design verification and production packaging for a hybrid-electric passenger vehicle ferry for Casco Bay Lines of Portland, Maine. Under the contract, Crowley will use its development exper
Texas-based Port of Corpus Christi has set sights on its first solar farm in the 100-year history of the energy exporting port. The port authority is partnering with Buckeye Partners, L.P. on an 81,000+ panel project that will be located in San Patricio County on Port of Corpus Christi property near
Danish tanker shipping company TORM has taken majority ownership in compatriot scrubber supplier ME Production (MEP). Namely, TORM has bought a 75% ownership stake in the company from the present owner and founder, Jens Peter Faldt, who will retain the remaining 25% ownership. The transaction builds
Bermuda-based SFL Corporation has agreed to acquire four scrubber-fitted Suezmax tankers in combination with long-term time charters to a subsidiary of Koch Industries industrial conglomerate. The vessels are built in 2015 and 2020, respectively, and all four have modern eco-design features. The agg
Oslo-listed shipping company Wallenius Wilhelmsen has secured $800 million of new loans secured by 20 vessels. The flagship facilities consist of two new financing agreements, with tenors ranging from 5.5 to 6.5 years, and were signed with 11 banks on June 30th. On August 15th, $670 million was draw
Indonesia has the potential to become an international producer and bunkering hub for scalable zero-emission fuels (SZEF) such as green hydrogen and green ammonia, a new report from the P4G-Getting to Zero Coalition shows. Namely, Indonesia is estimated to have roughly 40% of the world’s reserves of
