Germany’s KfW IPEX-Bank has decided to support Smyril Line’s recently announced fleet-renewal program with a financing of €90 million.
Danish engineering company Eltronic FuelTech has launched a new system for supplying fuel from tanks to engines of methanol-powered ships. According to the company, the system can reduce costs and save energy for shipping companies while enhancing safety. In the wake of the naming of Laura Maersk, A
Classification society ABS has issued an Approval in Principle (AiP) to China’s Yantai CIMC Raffles Offshore for its design of a methanol dual-fuel, heavy-duty offshore wind turbine installation vessel (WTIV).
Australia’s ABEL Energy has awarded compatriot Worley with front-end engineering design (FEED) work for its A$1.7 billion ($1.116 billion) green hydrogen and methanol project at Bell Bay in Northern Tasmania. Under the agreement, Worley said the company will design and engineer the facility, while a
Finnish fuel supply systems provider Auramarine has signed a cooperation agreement with Yiu Lian Dockyards (Shekou) and Guangzhou Jihai Shipping Material in order to drive the implementation and uptake of methanol dual fuel systems.
Norwegian feeder vessel owner MPC Container Ships (MPCC) has unveiled new strategic initiatives that will significantly accelerate the company’s journey towards fleet renewal and decarbonization.
Danish short sea operator Unifeeder has confirmed a long-term charter agreement for two additional methanol-powered containerships, following a deal signed in October 2023 for two initial methanol-capable vessels.
The World Shipping Council (WSC) is proposing a solution to the challenge of crafting a global greenhouse gas pricing regulation that encourages investment in green fuels, as the UN International Maritime Organisation works towards its target of achieving net-zero carbon emissions in the shipping in
Greek shipowner Diana Shipping is doubling down on its commitment to methanol as part of its fleet renewal investments. The company revealed on Wednesday that it has signed shipbuilding contracts for two 81,200 dwt methanol dual fuel Kamsarmax dry bulk vessels, worth $46 million each. This strategic
Hamburg-based energy company Mabanaft has received grant approval from the German Projektträger Jülich for the potential construction of a new green methanol plant in Port Augusta, South Australia. In cooperation with Australian renewable energy company Vast, Mabanaft intends to build a solar methan
Greek shipowner Danaos Corporation has placed a $188.4 million order for the construction of two methanol-ready 8,258 TEU containerships at Yangzijiang shipyard in China. The latest fleet renewal move brings the company’s orderbook to twelve ECO methanol-ready containership newbuilds with an aggrega
The maritime industry’s fervor for alternative fuels shows no signs of abating as we enter 2024. According to data from DNV-Maritime, since the beginning of the year, 23 methanol-fueled ships have been to the Alternative Fuels for Shipping Index (AFI) database. The ordering has been dominated by the
NYK Stolt Tankers (NST), a joint venture between shipping companies NYK Line and Stolt Tankers, has reached an agreement with Nantong Xiangyu Shipyard in China to build six 38,000 dwt stainless steel chemical tankers.
Faroese shipping company Smyril Line has signed a contract with China’s shipbuilder CIMC Raffles for the construction of two environmentally friendly roll-on/roll-off (RoRo) ships.
