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QatarEnergy places $3.9 billion order for 17 LNG carriers at Korean shipyard
Green Marine

QatarEnergy places $3.9 billion order for 17 LNG carriers at Korean shipyard

Qatar’s state-owned oil and gas company QatarEnergy has signed an agreement with South Korean shipyard HD Hyundai Heavy Industries (HHI) for the construction of 17 LNG carriers. The shipbuilding contract, valued at QR14.2 billion ($3.9 billion), was revealed on September 27, 2023, and is said to mar

about 3 years ago
DNV: Onboard CC and nuclear propulsion can compete with other decarbonization solutions
Green Marine

DNV: Onboard CC and nuclear propulsion can compete with other decarbonization solutions

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Onboard carbon capture and nuclear propulsion, previously regarded as ambitious concepts, are not only mere contenders in the quest for cleaner shipping but formidable ones, fully capable of taking on established decarbonization solutions, according to the recent findings from DNV. DNV has conducted

about 3 years ago
MOL
Green Marine

IEA: Methanol to take a backseat as ammonia blazes the trail in shipping’s decarbonization journey

In the ever-evolving quest to decarbonize the shipping industry, ammonia has emerged as the frontrunner, while methanol, despite its current hype, plays a comparatively smaller role, according to the International Energy Agency’s (IEA) 2023 Net Zero Roadmap report. The IEA’s 2023 Net Zero Roadmap se

about 3 years ago
Seafarers
Green Marine

Seafarers’ unions strike deal for a 6 pct pay hike

Seafarers’ unions and maritime employers have signed a four-year agreement that will see significant wage increases and dozens of workplace protections and improvements for over 250,000 seafarers’ serving on more than 10,000 vessels. The International Bargaining Forum (IBF), the forum that negotiate

about 3 years ago
In focus: Is climate crisis a ‘fossil fuels crisis’?
Green Marine

In focus: Is climate crisis a ‘fossil fuels crisis’?

With only two months left until the COP28 climate summit in Dubai, all eyes are turned to global leaders to take concrete steps to keep the goal of limiting global warming to 1.5 °C within reach. While the fossil fuels industry faces growing dissatisfaction from environmental activists, leaders from

about 3 years ago
MOL
Green Marine

Are we ready for ammonia?

Over the course of the past year, the maritime industry has witnessed a remarkable surge in projects centered around ammonia as a sustainable ship fuel. Ammonia-powered ship types, fueled by zero-emission ambitions, have taken center stage at this year’s Gastech in Singapore, capturing the imaginati

about 3 years ago
ammonia
Green Marine

Fertiglobe and AD Ports unite on ammonia storing and shipping

Fertiglobe, a strategic partnership between UAE’s ADNOC and Dutch OCI Global, has signed a non-binding memorandum of understanding (MoU) with UAE’s AD Ports Group to explore logistics and supply chain opportunities for storing and shipping urea and ammonia at ports in Egypt and the UAE. According to

about 3 years ago
Ammonia
Green Marine

Next on the horizon: A naming ceremony for an ammonia-powered ship?

Thursday witnessed a momentous occasion in the annals of container shipping, one that reverberated with promises of greener, more sustainable days ahead for the maritime industry. The naming ceremony of the world’s first methanol-powered containership, the Laura Maersk, took center stage, signifying

about 3 years ago
IMO
Green Marine

UMAS: IMO’s 2030 and 2040 targets are ‘very close’ to 1.5°C pathway and spell the end of fossil-fuelled shipping

A recent analysis by UK-based maritime consultancy UMAS has shed light on the alignment of the Revised IMO GHG Strategy with science-based targets, which will require a strong and rapid response from national and regional governments as well as corporations alike. Failure to do so could relegate the

about 3 years ago
In focus: Road to net zero has become much bumpier
Green Marine

In focus: Road to net zero has become much bumpier

Weening the world off fossil fuels and developing clean alternatives was bound to be hard even in perfect circumstances, but the latest global developments are bringing into question if any of the current efforts to decarbonize and reach net zero are even achievable in the given time-frames. Case in

about 3 years ago
DNV: Shipping faces uphill battle in securing carbon-neutral fuels
Green Marine

DNV: Shipping faces uphill battle in securing carbon-neutral fuels

The shipping industry will find it challenging to secure enough supply of carbon-neutral fuels, according to the latest edition of DNV’s Maritime Forecast to 2050, as it faces tough competition from other sectors. The report emphasizes the need to consider all alternative approaches to reducing emis

about 3 years ago
IUMI: EV-caused fires are not more frequent than in conventional vehicles
Green Marine

IUMI: EV-caused fires are not more frequent than in conventional vehicles

The International Union of Marine Insurance (IUMI) has published recommendations on the safe carriage of electric vehicles (EVs) amid growing concerns within the shipping community, including marine underwriters, about fires breaking out on car carriers and roros with the assertion that many of thes

about 3 years ago
Northern Lights
Green Marine

Blue ammonia to be abundantly available for maritime industry by 2027, says Maersk Mc-Kinney Moller Center

Blue ammonia, an attractive fuel for the maritime industry, is expected to become available in significant quantities by 2027, with the potential for significant scale-up in production over subsequent years, according to a recent report by Maersk Mc-Kinney Moller Center for Zero Carbon Shipping. The

about 3 years ago
MMMCZCS: Navigating the regulatory traps to drive real change
Green Marine

MMMCZCS: Navigating the regulatory traps to drive real change

Regulatory measures implemented by the International Maritime Organization (IMO) often set out with the noble goal of curbing carbon dioxide (CO2) emissions and promoting sustainability within the global shipping industry. Yet, the journey from regulation to actual emission reduction can be marred b

about 3 years ago