The financial cost of building an ammonia-powered gas carrier is poised to outstrip that of an equivalent gas carrier by a staggering 50 to 130 percent over the forthcoming years. The estimate builds upon findings from interviews with actors across the ship finance space including banks, funds, priv
Finnish marine technology supplier Wärtsilä and Swedish shipping company Furetank are co-developing and testing two technologies showing the potential to halve the methane slip of LNG-fueled ships. Methane slip on LNG-powered vessels refers to the unintentional release of methane, a potent greenhous
COSCO SHIPPING Lines CO., COSCO SHIPPING Ports and Orient Overseas Container Line (OOCL) have teamed up in a joint initiative to advocate for the widespread adoption of shore power technology. The partnership is being forged at a critical juncture as global efforts intensify to achieve “carbon emiss
SM Korealine Co., a shipping unit of South Korea’s SM Group, revealed on Monday that its subsidiary Korealine LNG has received official authorization from its flag state of Panama for autonomous sailing operations of its liquefied natural gas (LNG) bunkering ship, named the SM Jeju LNG 2. The LNG bu
DNV classification society has issued a letter of professional opinion confirming that ERMA FIRST’s alternative maritime power (AMP) system, BLUE CONNECT, meets the requirements for categorisation as an ‘energy-saving device’ (ESD). In the same document, DNV recognises BLUE CONNECT’s ability to impr
The Port of Savannah received four Super Post-Panamax ship-to-shore cranes Thursday, Aug. 24, upgrading the crane fleet to 34 machines at Garden City Terminal after four older cranes are retired and recycled. “Along with the completion of our project to improve Berth 1, these cranes will help delive
AET, a Singapore-based petroleum logistics unit of Malaysian energy logistics group MISC Berhad, has delivered its newest Very Large Crude Carrier (VLCC) powered by dual-fuel LNG engines on long-term charter to Shell Tankers (Singapore) Private Limited. It is the first of three crude tankers to be d
South Korea’s shipbuilding major HD Korea Shipbuilding & Marine Engineering (HD KSOE), the intermediate holding company for shipbuilding under HD Hyundai, has constructed and delivered the world’s first ship equipped with an ‘AI engineer’. The company has delivered and installed an AI-based engine a
China-based Chengxi Shipyard has completed the installation of Anemoi’s rotor sails on TR Lady, an 82,000 dwt Kamsarmax bulk carrier. The installation was completed in June 2023. TR Lady is owned by TR Lady Shipping Ltd, a portfolio company of Tufton Investment Management and is on a time charter wi
Norwegian shipping company Odfjell in partnership with bound4blue, a Spanish developer of wind-assisted propulsion technology, will install the eSAIL® suction sail system on a chemical tanker, making it the first tanker vessel in the world to harness this type of technology. The eSAIL system, catego
Stolt Tankers has welcomed into the fleet Bochem Houston, the first of six newbuilds hired from Belgian shipowner Compagnie Maritime Belge (CMB). The 26,000 dwt ship has joined the company’s Stolt Tanker Joint Service, bringing the number of ships in its deep-sea fleet to 84. The IMO Tier III tanker
Japanese companies NittoSeiko and Sunflame have joined the Aquarius Innovation Forum, a dynamic and collaborative platform that emerged from Eco Marine Power’s research project collaboration initiatives. Eco Marine Power, an internationally focused technology company based in Fukuoka, Japan, develop
Norwegian RoRo shipping company Höegh Autoliners has selected Kongsberg Digital’s solution to digitalse its fleet and the new Aurora-class pure car and truck carriers (PCTCs). Kongsberg Digital and Höegh Autoliners have worked together since 2019. The partners have now decided to expand their colla
Danish shipping company Norden has inked a deal with Teck Resources Limited, one of Canada’s largest mining companies, to reduce CO² emissions in Teck’s steelmaking coal supply chain. The agreement is expected to reduce annual emissions from Teck shipments handled by Norden by 25%, or up to 6,700 to
