The G7 Ministers on Climate, Energy, and Environment have called for the shipping industry to achieve GHG-zero emissions by 2050. The goal is much more ambitious that the current one set by the International Maritime Organization (IMO) under which the shipping industry aims to reduce its emissions b
UAE’s ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of the Abu Dhabi National Oil Company (ADNOC), has deployed five newbuild dual-fuel very large gas carriers (VLGCs). The vessels, which were ordered back in 2020, were built at Jiangnan Shipyard in Shanghai, China,
Japanese shipping heavyweight Mitsui O.S.K. Lines (MOL) has put into service its second LNG-powered ferry, the Sunflower Murasaki. The vessel is the second of Japan’s first two LNG-fueled ferries, owned by MOL and operated by its group company Ferry Sunflower Co. The ferry entered service on April 1
Container shipping heavyweight Maersk has achieved a major milestone in its efforts to reduce carbon emissions with the successful launching of its first methanol-powered feeder vessel at the Hyundai Mipo Dockyard. “The launching was successfully completed at Hyundai Mipo Dockyard and the constructi
Northern Lights, a joint venture (JV) of energy majors Shell, Equinor and TotalEnergies, has held a keel-laying ceremony for the first out of two new LNG-powered, wind-assisted LCO2 transportation ships.
Taiwanese bulk carrier company U-Ming Marine has held a naming ceremony for the new environmentally friendly Post Panamax bulk carrier.
South Korean shipbuilding company Hyundai Mipo Dockyard (HMD) has received a contract to build four midsize product carriers.
Japanese shipping major Mitsui O.S.K. Lines (MOL), together with compatriot companies Tsuneishi Shipbuilding and Mitsui E&S Shipbuilding Co. (MES-S) has received approval in principle for ammonia-fuelled liquified gas carrier design.
Norwegian shipping company Belships has entered into a deal to acquire a 64,000 dwt Ultramax bulk carrier, currently under construction at a Japanese shipyard. Belships expects to take delivery of the bulker by the end of 2025 or early in 2026. The Norwegian shipowner now has four newbuildings under
Bermuda-based bulk carrier company Himalaya Shipping has taken delivery of the third LNG dual-fuel 210,000 dwt newcastlemax newbuild from New Times Shipbuilding (NTS) in China. The company announced the delivery of the vessel, Mount Etna, on 13 April, adding it will commence a minimum 24-month chart
Chinese shipbuilder Shanghai Waigaoqiao Shipbuilding, part of China State Shipbuilding Corporation (CSSC), has delivered a 114,000-ton Aframax product oil tanker to Greek operator Enesel.
Turkish shipbuilder Sanmar Shipyards has signed a new contract with Norway-based vessel operator Buksér og Berging AS to build an environmentally-friendly tugboat.
South Korea’s flagship carrier HMM announced that it has cut its carbon emissions by half over the past decade. Namely, the shipping major’s data shows that the CO2 emissions generated when transporting 1 TEU of container for 1 km decreased from 68.7g in 2010 to 29.05g in 2021, representing a reduct
Japan’s Itochu Corporation has decided to make an equity investment in Purus Marine, a recently formed, environmentally focused maritime vessel and infrastructure company. UK-based Purus Marine owns and manages various environmentally advanced vessels. Its business purpose is to provide vessels that
