Marine insurance provider Skuld has signed the Poseidon Principles for Marine Insurance, a global framework for assessing and disclosing the climate alignment of insurers’ hull and machinery portfolios. The framework is aimed at enabling the insurance sector to implement transparency and establish a
A.P. Moller Maersk has been a strong supporter of decarbonization in the maritime industry and it is targeting to become a net zero-company by 2040. Nevertheless, despite strong ambitions and targets, the business works in such a way that achieving these targets is often impacted by market condition
The Liberian Registry has awarded an Approval in Principle (AIP) to British company Anemoi Marine Technologies for their Rotor Sail systems. Anemoi’s rotor sails are available with three deployment options – fixed to the deck, a folding type, and on rails that can be moved along or across the deck.
The technology group Wärtsilä has successfully retrofitted an inline shaft generator system on the ‘Berge Toubkal’, a cape-size bulk carrier owned by Singapore-based Berge Bulk. The company said that this was the marine industry’s ‘first-ever shaft generator retrofit.” The retrofit is expected to im
China Merchants Jinling Shipyard in Weihai has cut steel for the 12th and final E-Flexer RoPax vessel. The LNG-powered ship is being built for Swedish Stena RoRo and it will be chartered by Brittany Ferries, a spokesperson for Brittany Ferries confirmed to Offshore Energy. The ship spans 194.7 meter
German liner company Hapag-Lloyd has launched the retrofitting program of 100 ships with new propellers and bulbous bows. The move is aimed at reducing the ships’ greenhouse gas emissions and help Hapag-Lloyd meet the International Maritime Organization’s (IMO) target of reducing CO2 emissions by 40
Dutch maritime technology company Value Maritime has completed the installation of its Filtree system on board JR Shipping’s container feeder vessel MV Energizer. The installation of the exhaust gas filter system with the optionality to reduce carbon footprint by means of fully circular ‘Carbon Capt
Evergreen’s giant 24,000 TEU containership Ever Acme transited the Suez Canal on Friday, 3 of February, while underway on its maiden voyage from Malaysia to the Netherlands. The ship is the newest addition to Evergreen’s A-type vessel series and can carry over 24,000 containers. The head of the Sue
Smart Green Shipping, a systems design and engineering company based in Dumfries, has secured £ 1.35 million investment for its development of retrofit sails and technology for sustainable commercial ships. MOL Drybulk Ltd (MOLDB), a 100% owned subsidiary of Mitsui O.S.K. Lines, and Scottish Enterpr
Danish container shipping major Maersk is likely to pursue a development strategy outside of a carrier alliance once its partnership with MSC under 2M ends in 2025. The two liner majors announced the breakup two weeks ago hinting that the move would send shock waves across the container shipping ind
Being a front-runner, especially in the shipping industry, comes with a lot of risks. Being the first to enter a market or introduce a new product or service can give you a significant advantage over others, and even set the tone in the market. However, there is a great risk of failure bringing with
China Merchants Jinling Shipyard (Nanjing) Co. has delivered the first of four LNG-fuelled pure car truck carriers (PCTC) to Japanese shipping major NYK Line. The 7,000-CEU car carrier Jasmine Leader was ordered back in 2021, and it is expected to be assigned for transportation of vehicles between E
The Korean Register and Liberian Registry have awarded Approval in Principle (AiP) to the Hyundai Intelligent Navigation Assistant System (HiNAS 2.0) for autonomous shipping. The system, developed by Avikus, a subsidiary of South Korean shipbuilding major Hyundai Heavy Industries, uses augmented rea
The Finnish Climate Fund, a state-owned special assignment firm, will provide a capital loan of up to €10 million euros to rotor sail manufacturer Norsepower for increasing its production capacity. The capital loan comes with a market-based interest rate determined according to the risks of the proj
