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Green Marine

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DNV
Green Marine

GSBN, DNV team up on verified data sharing in a major push for decarbonization

Global Shipping Business Network (GSBN), an independent non-profit technology consortium, has signed a Memorandum of Understanding (MoU) with the DNV classification society. The partnership aims to promote decarbonization and accelerate the adoption of alternative fuels by enabling the trusted shari

about 2 years ago
In focus: Stimulating industry-transforming changes through new hydrogen technologies
Green Marine

In focus: Stimulating industry-transforming changes through new hydrogen technologies

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New programs for the transformation of the offshore energy sector are here. Through these actions, the industry is dealing with the following questions: to provide energy that is secure, affordable and lower in carbon. Example number one: Korea’s Ministry of Trade, Industry and Energy (MOTIE), energ

about 2 years ago
containership
Green Marine

BIMCO: Containerships hit their highest average age to date

Containerships have now reached their highest average age to date, standing at 14.2 years. This places them as the oldest vessels among the three major shipping sectors. In contrast, dry bulk vessels have an average age of 11.9 years, while tankers, on average, are 12.8 years old, BIMCO said in the

about 2 years ago
DP World
Green Marine

APMT, DP World: Port electrification is the fastest lane to impact. Hydrogen solutions an outlier, not the norm.

In the maritime sector, the quest for cleaner, more efficient practices has given rise to the electrification of ports and container handling equipment. Why, you might ask? The answer is clear, for electrification offers a trifecta of advantages that places it at the forefront of a green revolution:

about 2 years ago
APM Terminals
Green Marine

Global container handling equipment’s emissions match Slovenia’s 2020 CO2 output

The global fleet of 100,000-120,000 container handling equipment (CHE) is responsible for 10-15 million tonnes of carbon dioxide per annum, the equivalent of the annual emissions of Slovenia in 2020. Electrification of port operations through battery-electric CHE holds the key to a net zero future,

about 2 years ago
EU
Green Marine

HD Hyundai seals $3.9 billion deal with Qatar, as Hanwha, SHI ramp up talks for 30 more LNG carriers

South Korean shipbuilding major HD Hyundai Heavy Industries has signed the contract for the construction of 17 liquefied natural gas (LNG) carriers with Qatar Energy worth a staggering $3.9 billion. The contract signing was held on Wednesday as part of South Korea’s President Yoon Suk Yeol’s state v

about 2 years ago
ACWA Power eyes green hydrogen corridor between its production sites and Amsterdam port
Green Marine

ACWA Power eyes green hydrogen corridor between its production sites and Amsterdam port

Saudi developer of green hydrogen projects ACWA Power has signed a memorandum of understanding (MoU) with GasLog, Zenith Energy Terminals, and Port of Amsterdam to explore the viability of developing a green hydrogen export corridor between its global hydrogen production sites and the port of Amster

about 3 years ago
Maersk
Green Marine

Alliance of CEO Climate Leaders urge world govts to scale up investment in renewable energy ahead of COP28

More than a hundred CEOs and senior executives from the Alliance of CEO Climate Leaders, led by Vincent Clerc, Chief executive Officer of A.P. Moller Maersk, have shared an open letter to world leaders ahead of COP28. The quest to cap global temperature rise at 1.5°C faces jeopardy without intensifi

about 3 years ago
Euronav
Green Marine

Euronav, Cargill, and Chevron vow to adopt vessel optimization strategies at GMF summit

Industry giants Chevron, Euronav, and Cargill have announced their joint operational efficiency ambition statement as part of the Global Maritime Forum Annual Summit in Athens. Under the ambition, the trio committed to adopt vessel optimization strategies that can decrease annual fuel consumption by

about 3 years ago
Maersk feeder bunkering with Agility tanker; Image credit Maritime & Port Authority of Singapore
Green Marine

Mittal: Shipowners need to start locking in long-term supply of green fuels

In order to catch up with the ambitions of decarbonization targets for the maritime industry, shipowners are being encouraged to start proactively securing long-term contracts for green fuels from serious players as the availability of these fuels is likely to be restricted amid demand from other se

about 3 years ago
Michael Parker
Green Marine

Parker: Shipping financing will not be the same

Green corridors are likely to transform the realm of shipping finance as the focus shifts from emissions from ships to the entire supply chain, according to Michael Parker, Chairman of the Poseidon Principles. Parker spoke on a panel on Wednesday as part of the launch of Progress Toward Shipping’s 2

about 3 years ago
Urgent action needed to reach 5% zero-emission fuel target by 2030, says new report
Green Marine

Urgent action needed to reach 5% zero-emission fuel target by 2030, says new report

In the race to achieve the 5% target for scalable zero-emission fuel (SZEF) goal by 2030, the global shipping industry has made significant progress over the past year, as revealed in a recent report from UMAS, Getting to Zero Coalition, and Race to Zero. The developments are promising, but as the 2

about 3 years ago
30% of global ports ‘unprepared’ for incoming IMO’s MSW, survey shows
Green Marine

30% of global ports ‘unprepared’ for incoming IMO’s MSW, survey shows

Kale Logistics Solutions (Kale) has published a readiness survey of 200 ports that revealed 30 percent are not prepared to adopt the International Maritime Organization’s (IMO) Maritime Single Window (MSW) mandate, which becomes compulsory worldwide from January 2024.

about 3 years ago
ClassNK
Green Marine

ClassNK: 80 million gt of zero-emission ships needed annually by 2040 to meet IMO targets

The maritime industry must build 80 million gross tonnage (gt) of zero-emission ships each year over the 14-year period from 2027 to 2040 to achieve the indicative checkpoints for 2030 and 2040 developed by the International Maritime Organization (IMO) in its 2023 Greenhouse Gas (GHG) Strategy, acco

about 3 years ago