Japanese shipping company Mitsui O.S.K. Lines (MOL) plans to install a microplastic collection device on a newbuilding woodchip carrier that will be delivered in 2022 and sail under a charter contract with Marusumi Paper. Microplastics are small particles less than 5 millimeters in diameter that are
Ports can and will play a key supporting role in delivering EU Green Deal (EGD) objectives, the Baltic Ports Organization (BPO) board concluded at a meeting last week.
Non-governmental organisations are calling on the IMO to seize the chance to immediately reduce climate-warming emissions of black carbon from ships currently using heavy fuel oil in the Arctic by switching them to cleaner distillate fuels. As explained, the switch would ensure a cut by some 44%. Th
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has obtained an Approval in Principle (AiP) from DNV for its rotor sail system. A rotor sail system incorporates the installation of cylindrical columns (rotors) on the ship’s deck to generate additional power to propel the shi
German container shipping major Hapag-Lloyd AG revealed plans to issue a sustainability-linked corporate senior note in the amount of EUR 300 million (about $357 million).
Canadian shipping company Canada Steam Ship Lines (CSL) will be testing second generation biodiesel on half of its fleet over the course of the 2021 navigation season — a first for the Great Lakes shipping industry.
Norwegian company Saga Pure ASA, formerly known as Saga Tankers, has entered into agreements to subscribe for NOK 15 million ($1.76 million) in a private placement in Bergen Carbon Solutions AS (BCS).
Japanese shipbuilder Sumitomo Heavy Industries Marine & Engineering has secured an Approval in Principle (AiP) from ClassNK for the design of a methanol dual-fueled tanker. The classification society confirmed that the design was in compliance with the IMO’s “Interim Guidelines for the Safety of Shi
Baker Hughes said it has reached a technology milestone in pioneering a solution to overcome flexible pipe stress corrosion cracking (SCC) tendencies in high CO2 content fields, such as those found in Brazil’s pre-salt offshore developments. The inspection, verification and assurance body, Lloyd’s R
Neptune Energy has recently set up four enhanced horizontal subsea tree systems (EHXT) for the Duva subsea tie-back development project in the Norwegian sector of the North Sea in a standalone operation with a vessel. Being the first for Neptune Energy, the installation was carried by Solstad’s vess
Norway’s regulator Petroleum Safety Authority has granted OMV consent to drill an exploration well in the North Sea, using Maersk Drilling’s jack-up rig.
Singapore-based NYK Bulkship (Asia), part of Japanese shipping group NYK, has signed a contract of affreightment (COA) with Neste Shipping Oy, a subsidiary of Finnish Neste Oyj (Neste), for the ocean transportation of renewable diesel.
The UK government launched today a £20 million (about $27.7 million) competition to make innovative green maritime ideas a reality.
Japanese shipping heavyweight Mitsui O.S.K. Lines (MOL) has decided to invest into Larvik Shipping, a Norwegian ship management company for liquified CO2 carriers. The investment marks MOL’s entrance into a completely new market of ocean transportation of liquefied CO2. The business sector plays a c
