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Energy Efficiency & Innovation

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In focus: Vessel decarbonization efforts power ahead
Energy Efficiency & Innovation

In focus: In pressing need for GHG reduction, vessel decarbonization efforts power ahead

In a pressing need to reduce global greenhouse gas emissions (GHG), the shipping sector and offshore vessel services providers are certainly the protagonists in the whole decarbonization story. However, although we are seeing an increasing number of initiatives, we still have a long way to go.

about 3 years ago
ClassNK
Energy Efficiency & Innovation

ClassNK gives A rating to LNG-powered Fairchem Pioneer

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ClassNK certification society has given an A rating to the LNG dual-fueled chemical tanker Fairchem Pioneer jointly developed by Fukuoka Shipbuilding and Fairfield Japan. The tanker is currently under construction at Fukuoka Shipbuilding, and is going to be chartered to FJL. The vessel was evaluated

about 3 years ago
Sparky, Damen
Energy Efficiency & Innovation

Damen hits record revenue of €2.5 billion

Dutch shipbuilder Damen Shipyards Group posted a revenue of €2.5 billion for 2022 for the first time in the company’s history. The shipbuilder said that the achievement was made despite the effects of the war in Ukraine, which had, and continues to have, a significant impact on business operations.

about 3 years ago
Stolt Tankers
Energy Efficiency & Innovation

Stolt Tankers to apply graphene-based propeller coatings to 25 ships

Norwegian chemical tanker company Stolt Tankers, a subsidiary of Stolt-Nielsen, has signed a two-year agreement with Canada-based Graphite Innovations & Technology (GIT). Under the deal Stol Tankers will apply GIT’s XGIT-PROP graphene-based marine coating to the propellers of 25 ships during 2023. G

about 3 years ago
Viking Glory
Energy Efficiency & Innovation

Viking Line: Maritime operations using the old model are not economically sustainable

The global maritime industry faces unprecedented challenges due to rapidly changing market conditions and technological advancements driven considerably by the ever-stricter environmental regulations. The current model of maritime transport operations, which relies heavily on traditional practices,

about 3 years ago
Motion ventures
Energy Efficiency & Innovation

Motion Ventures reveals names of 10 new corporate investors

Motion Ventures, a Singapore-based maritime venture investment fund, has welcomed 10 maritime corporations to its corporate consortium. The latest corporate investors joining the fund are Lloyd’s Register, Marine Traffic, Meratus Group, Stolt-Nielsen Limited, ShipsFocus, Jurni Capital, TaiShip, Pang

about 3 years ago
China Shipping
Energy Efficiency & Innovation

UMAS: 40 pct improvement in efficiency needed in this decade

A new report by University Maritime Advisory Services (UMAS), an independent advisory and research consultancy specializing in maritime and ocean-related sustainability issues, sheds light on the pressing need for a significant improvement in energy efficiency in the global shipping industry by 2030

about 3 years ago
Port of Hamburg
Energy Efficiency & Innovation

Kokarakis: Switching to alternative fuels is the key to CII compliance

The most effective way of complying with the CII index and having a good rating is to utilize the emerging alternative, low and zero-carbon fuels, John Kokarakis, Vice President of Technology & Business Development Hellenic-BS-ME Zone at Bureau Veritas, said. Kokarakis was speaking at the 6th Annual

about 3 years ago
Cajun sun powered by methanol
Energy Efficiency & Innovation

Hexter: There are virtually no barriers to adoption of methanol

This is a free premium article to give you a sample of what Offshore Energy has to offer as part of our premium section. Upgrade for premium access here. The decarbonization conundrum in the shipping industry persists due to a multitude of challenges, including the high cost of alternative fuels, th

about 3 years ago
e1 Marine
Energy Efficiency & Innovation

e1 Marine to build S130 hydrogen generator for Current AG

Global renewable energy company e1 Marine has been commissioned by Switzerland-based Current AG to build an S Series 130 methanol to hydrogen generator that would capture waste heat and CO2 from the exhaust stream produced during the reforming process. Successful lab-based tests will improve the eco

about 3 years ago
Botas
Energy Efficiency & Innovation

Turkey’s 1st LNG dual-fuel tugboat starts taking shape

Turkish Uzmar Shipyard has held a steel-cutting ceremony for Turkey’s first dual-fuel tugboat, being built for BOTAŞ Petroleum Pipeline Corporation (BOTAS), the state-owned crude oil and natural gas pipelines and trading company. The shipyard will build two Voith tractor-type propeller tugboats that

about 3 years ago
MSC Raya
Energy Efficiency & Innovation

Fourth 24,000 TEU behemoth joins MSC’s fleet

China’s shipbuilding major Jiangnan Shipyard, a subsidiary of China State Shipbuilding Corporation, has delivered 24,100 TEU MSC Raya to its owner Bank of Communications Financial Leasing (Bocom), which ordered the ship on behalf of the world’s largest container shipping company MSC. The vessel is

about 3 years ago
Clarksons says alternative fuel ships account for 47 pct of orderbook, projects another 100 LNG carrier orders
Energy Efficiency & Innovation

Clarksons says alternative fuel ships account for 47 pct of orderbook, projects another 100 LNG carrier orders

Alternative fuel ships have accounted for around 60% of new orders since the start of 2022 in GT, primarily driven by LNG dual-fuel vessel orders, and increasingly methanol, and now account for 5% of fleet GT and 47% of orderbook, data from Clarksons shows. Looking at the fleet profile, the shipbrok

about 3 years ago
GoodShipping
Energy Efficiency & Innovation

17 companies embark upon GoodShipping’s insetting initiative

Seventeen companies are collaborating with shipping company Samskip to reduce carbon dioxide emissions by using sustainable biofuel to ship their products on board Samskip’s vessels. The initiative, called “insetting,” is promoted by GoodShipping, which provides the opportunity for shippers to trans

about 3 years ago