A rapid transition could lead to “premature scrapping” of over a third of the fleet, valued at over $400 billion, unless they undergo costly retrofits to remain competitive in the wake of new greenhouse gas (GHG) policies and wider energy transition, a new report shows.
Singapore-based tanker owner Hafnia and its joint-venture partner Socatra have welcomed the first dual-fuel methanol chemical IMOII medium-range (MR) tanker to the fleet.
Singapore’s shipping player Eastern Pacific Shipping (EPS) and marinEV, a business unit of compatriot Yinson GreenTech, have joined forces on sustainable port services.
Sunflower Kamuy, a newbuild LNG-fueled ferry operated by MOL Sunflower, has officially entered service.
As the number of newbuild tankers to be welcomed in 2025 swells, Swiss shipping player Advantage Tankers is gearing up to expand its fleet with a dual-fuel 319,000 dwt crude oil tanker and a dual fuel-ready 157,000 dwt Suezmax tanker trio. It is understood that the 319,000 dwt newbuilding is current
Spanish ferry operator Baleària has embarked on a project to implement the first green corridor between Spain and Morocco, which will be served by two 100% electric, zero-emission fast ferries.
Nordic Ren-Gas has selected German engine manufacturer MAN Energy Solutions (MAN ES) as a technology provider for its e-methane project in Tampere, Finland.
Hong Kong and China Gas Company (Towngas) has joined forces with Singapore’s Global Energy Trading to work on advancing the supply and distribution of green methanol as a marine fuel.
Sales of alternative bunker fuels exceeded one million tonnes for the first time to reach 1.34 million tonnes in 2024, the Maritime and Port Authority of Singapore (MPA) has revealed.
Norwegian energy company Freija is progressing with the development of a large-scale e-methane production facility in Nokia, Tampere region, Finland.
Switzerland-headquartered marine power company WinGD has recorded “key” parameters in accord with the expectations during an early testing phase of its new X-DF-A ammonia-fueled engine design. As informed, a 52-bore single-cylinder variant of the X-DF-A engine is currently operating at the company’s
Lithuania’s first green hydrogen and electricity-powered ship, commissioned by the Klaipėda State Seaport Authority, has been moved from shipyard into water.
Norway-based classification society DNV has signed a memorandum of understanding (MoU) with South Korea’s HD Hyundai Mipo (HMD) and HD Korea Shipbuilding & Offshore Engineering (KSOE) on new standards for using digital twins to test electric propulsion systems.
Germany’s energy company Mabanaft plans to rebuild its tank terminal in the Port of Hamburg to enable the storage of methanol and facilitate its import to Northern Germany.
