Japanese shipping giant Mitsui O.S.K. Lines (MOL) and compatriot trading and investment company Mitsui & Co. have received approval in principle (AiP) from ClassNK for the design of a large ammonia-powered bulk carrier. The approval was granted for the 210,000 dwt Capesize bulker with a main engine
Finnish shipbuilder Helsinki Shipyard has floated out a hybrid diesel-electric expedition ship SH Diana being built for Swan Hellenic. SH Diana’s fitting out is already underway, as the vessel readies for its maiden cruise, leaving Palermo in Italy for Lisbon in Portugal on 15 April. Diana will then
Official results from the pan-European EVOLVE project involving world-leading academics, research institutions and technology developers have been released, providing a firm evidence base supporting the acceleration of ocean energy in Europe’s future energy system.
Ramping up storage of natural gas and hydrogen is seen as a solution to both the energy crisis and energy transition.
A group of eight marine insurers has released the first Annual Disclosure Report for Poseidon Principles for Marine Insurance, disclosing the climate alignment of their hull and machinery portfolios. The report surveys the portfolios of the framework’s signatories in what has been described as a ‘la
Japanese heavyweights ITOCHU Corporation, Mitsubishi Heavy Industries, INPEX Corporation and Taisei Corporation have joined hands to conduct a joint feasibility study on a large-scale and wide-area carbon capture and storage (CCS) value chain project. Under the Memorandum of Understanding (MoU), the
A deep dive into Woodside’s recent activities related to ongoing projects and financial and operational results for 4Q 2022.
Geneva-based container shipping major MSC has reportedly returned to yards with a mammoth order comprising ten LNG-fuelled boxships. Shipbrokers say that the order involves Neopanamax vessels (11,400 TEU) and that the company is paying around $120 million per vessel. Chinese shipbuilder Zhoushan Cha
Dutch ship design company AURELIA, has joined forces with naval architecture designer NEPA SHIPPING, and ALOFT SYSTEMS, experts in sails and weather routing, on a green retrofitting project involving a 205,000 dwt bulk carrier. The project set out to demonstrate how a combination of innovative solut
Singapore-based Pacific International Lines (PIL) has partnered with Lloyd’s Register’s fleet optimisation experts, i4 Insight, to help it reduce emissions and maximise fleet performance with a four-year fleet-wide agreement. PIL recently opened a ‘Centre for Maritime Efficiency (CME) which is power
Norwegian marine geophysical company PGS has been awarded its first ultra-high resolution wind farm site characterization project, marking its entry into what the company described as ”a strategically important new energy market.” The survey will cover two European wind farm sites, both of which are
Wind propulsion systems developer Norsepower Oy has signed a contract with French ship owner and operator Socatra for the retrofit installation of two rotor sails on the medium range tanker Alcyone. The 50,000 dwt, 2022-built, French flag tanker, chartered by global energy company TotalEnergies, wil
IHI Corporation, Japan’s LNG receiving and storage terminal manufacturer, has started looking into converting liquefied natural gas (LNG) receiving and storage terminals near many gas-fired power plants into ammonia-based facilities. The company said it will draw on its corrosion expertise and exper
SAIC Anji, a wholly-owned subsidiary of China’s SAIC Motor specializing in automotive logistics business, has ordered the construction of seven methanol-ready car carriers. The deal has been split into two separate orders featuring Pure Car and Truck Carrier (PCTC) vessels of 8,900 CEU capacity. Fou
