Freeport East, one of twelve Freeports established in the UK, and Australian green hydrogen storage company Rux Energy have signed a collaboration agreement to achieve the safe storage, distribution, and supply of low-carbon hydrogen within the UK and exporting green hydrogen across the world. The a
The world’s largest cruise company Carnival Corporation & plc is on track to achieve an overall 18% reduction in greenhouse gas (GHG) emission intensity on a lower berth capacity basis in 2024 compared to 2019. The achievement is just a few points shy of its 20% reduction goal originally targeted fo
Cool Company (CoolCo), an owner, operator, and manager of LNG carriers, has secured a new time charter agreement with Santos Shipping Singapore for one of its TFDE vessels that will undergo LNGe upgrades to reduce emissions. The 12-month charter agreement is scheduled to commence in the first quarte
Finnish shipping company Viking Line has signed a Memorandum of Understanding (MoU) with the Ports of Stockholm, and the Port of Turku to create a green maritime corridor between Turku and Stockholm. The goal is for the corridor to be 100% carbon-neutral by 2035. The partnership aims to develop scal
The escalation of attacks on commercial ships in the Red Sea by the Houthi armed forces is further intensifying after increased air strikes by the U.S. and UK forces in Iraq, Syria, and Yemen. Paradoxically, the military intervention has not deterred the Houthi rebels, who have promised further reta
The Estonian State Fleet has won Approval in Principle (AIP) from Lloyd’s Register (LR) for a hydrogen fuel-cell ferry designed by Finnish ship design and engineering company Deltamarin. As part of the certification, LR approved the current stage of the design process to be suitable for further desi
Japanese shipping heavyweight Kawasaki Kisen Kaisha (K Line) has signed bare boat charter and time charter contracts with Northern Lights JV DA for the management of the third CO2 ship. K Line has already signed contracts for managing the first two 7,500 m3 liquefied CO2 ships scheduled for delivery
South Korean shipbuilding major HD Korea Shipbuilding & Offshore Engineering (KSOE), a sub-holdings company of HD Hyundai, has entered into a cooperation deal with prominent nuclear power companies Core Power and TerraPower to develop nuclear power for ships. The move is being announced following a
UK-headquartered Quadrise has signed a collaboration agreement with renewable biofuels supplier Cargill NV and MAC2 Solutions, part of Group Machiels, concerning the production of MSAR and bioMSAR fuels for its forthcoming marine vessel trials. Upon completion of trials, Quadrise aims to commence co
Following a major step to create a regulatory framework for the full decarbonization of the maritime industry with the adoption of a revised Greenhouse Gas (GHG) strategy in July last year and alignment with the objectives of the Pairs Agreement on curbing global warming, the International Maritime
Japanese shipping company NYK has taken delivery of a domestically manufactured ammonia-powered engine to be installed on a tugboat which is set to become the world’s first commercially operated ammonia-fueled ship. The engine, jointly developed with IHI Power Systems and ClassNK as part of the Gree
U.S. shipowner Matson has inked a contract with Chinese shipbuilder COSCO Shipping Shipyard (Nantong) for the integration of an LNG dual-fuel gas supply system into the 2019-built container ship Kaimana Hila. The contract signing ceremony for MV Kaimana Hila LNG retrofit project was held in Nantong
Europe’s shipping investor Hayfin Capital Management has signed a contract with Oshima Shipbuilding and Sumisho Marine to construct two 100,000 dwt Post-Panamax dry bulk carriers. Once constructed, the ships will be delivered to an unnamed international energy trader on a long-term charter. The vess
A consortium comprised of subsidiaries from VINCI Energies and VINCI Construction has won a contract for the implementation of a high-voltage power supply system at HAROPA PORT’s Pointe de Floride terminal. The system is expected to cut emissions by 15,000 tonnes of CO2 equivalent a year, according
