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

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
Shipping
Green Marine
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Counting the cost of going green: The steep price of switching to e-methanol

The adoption of alternative, low-carbon fuels in the shipping industry is one of the key aspects of achieving the goal of mitigating the impact of international maritime trade on air pollution and the emission of greenhouse gas. Cost is a particularly important consideration, as the adoption of new

about 3 years ago
HSD Engine nets engine maintenance deal for Nakilat’s LNG ships
Green Marine

HSD Engine nets engine maintenance deal for Nakilat’s LNG ships

Qatar Gas Transport Company (Nakilat) and HSD Engine have signed a long-term service agreement for the provision of spares and maintenance services necessary to maintain the reliability of engines onboard Nakilat’s liquified natural gas (LNG) vessels.

about 3 years ago
Shipbreaking
Green Marine

Wreckdock sets sights on recycling up to 52 ships annually in its new facility

Wreckdock, a Jubail-based offshore vessel recycling company, has revealed plans to develop a safe and sustainable facility in Saudi Arabia for the circular demolition of vessels. The company plans to build four drydocks from 350 meters to 500 meters long with eight quays equipped with heavy-duty cra

about 3 years ago
HHI
Green Marine

AMPTC orders gas carrier duo at Hyundai Heavy

Arab Maritime Petroleum Transport Company (AMPTC) has placed an order for the construction of two very large gas carriers at South Korean Hyundai Heavy Industries (HHI). The two VLGCs are slated for delivery by the end of August 2026, HHI’s parent, Korea Shipbuilding & Marine Engineering (KSOE) said

about 3 years ago
Russia
Green Marine

S&P Global: Russia’s ghost fleet estimated at 434 vessels

Since the introduction of G7 oil price cap for Russia’s crude oil and refined products there have been speculations on Russia’s so-called shadow fleet being used to evade sanctions. Russia has repeatedly stated that it will not work with the price cap, but the vast majority of seaborne Russian oil s

about 3 years ago
MAMII members
Green Marine

7 new members join methane busting initiative

Seven new members have joined the Methane Abatement in Maritime Innovation Initiative (MAMII), launched in September 2022. New members of the Methane Abatement in Maritime Innovation Initiative (MAMII) include CoolCo, United Overseas Management, Capital Gas, Celsius Tankers, Global Meridian Holdings

about 3 years ago
Scrubber
Green Marine

BIMCO: Scrubber installation set to rise despite 2022 fall

Exhaust gas cleaning systems, also known as scrubbers, were installed on 399 ships in 2022, marking a fall of 24% y/y, data from BIMCO shows. The systems are being installed on ships to comply with the IMO 2020 Sulphur Cap as a way of cleaning out sulphur emissions while continuing to burn less expe

about 3 years ago
Zim Sammy Ofer
Green Marine

ZIM CEO: Our LNG-powered newbuilds will improve our cost structure in 2023 and beyond

Closing an exception year, Israeli container shipping heavyweight ZIM is bullish on the outlook, especially as it starts to welcome LNG-powered newbuilds into the fleet. The company reported total revenues for the full year of 2022 worth $12.56 billion, compared to $10.73 billion for 2021, primarily

about 3 years ago
UN coordinator urges public help with funding to stave off ‘5th largest oil spill from a tanker in history’
Green Marine

UNDP buys Euronav’s VLCC to prevent catastrophic spill from ‘ticking bomb’ FSO off Yemen

The United Nations Development Programme (UNDP) signed an agreement with tanker owner EURONAV Luxemburg to buy a very large crude carrier (VLCC), as part of the UN-coordinated operation to remove more than one million barrels of oil from a decaying tanker off Yemen’s Red Sea coast. The new vessel to

about 3 years ago
K Shipbuilding
Green Marine

Al Seer Marine unveils orders for two additional MR tankers, VLGC

Al Seer Marine, a unit of Abu Dhabi-based International Holding Company, confirmed an order for two additional MR tankers at Korea’s shipbuilder K Shipbuilding. The order was disclosed in a stock exchange filing, a month after K Shipbuilding announced the deal without disclosing the name of the ship

about 3 years ago
ammonia-powered
Green Marine

Maersk Mc-Kinney Moller Center: Emission risks won’t be a showstopper for ammonia-based fuels

The toxicity of ammonia as potential zero-emission fuel of the future for the shipping industry might be solvable after all despite all the hype over its likely impact on the safety of seafarers. There have been a lot of discussions about the dangers of potential releases of ammonia on board during

about 3 years ago
N-KOM and Kongsberg enter services partnership, LNG/LPG included
Green Marine

N-KOM and Kongsberg enter services partnership, LNG/LPG included

Nakilat-Keppel Offshore & Marine (N-KOM), founded from a joint venture between Qatar Gas Transport Company (Nakilat) and KS Investment, a wholly owned subsidiary of Keppel Offshore & Marine, and Norwegian tech company Kongsberg have signed a Memorandum of Understanding (MoU) to collaborate in mariti

about 3 years ago
Illustration; Source: Worley
Green Marine

In focus: Tackling energy trilemma with oil & gas industry calling the shots

With the global oil and gas industry’s income skyrocketing to nearly $4 trillion in 2022, many are of the opinion that this sector holds the purse strings. Will it tighten or loosen them to invest a considerable chunk in the clean energy transition?

12 minutes read