Japanese maritime leaders Idemitsu Tanker Co., Iino Kaiun Kaisha, Nippon Yusen Kabushiki Kaisha (NYK), and Nippon Shipyard Co. have joined forces to create a consortium to design and build a low-emission Very Large Crude Carrier (VLCC). The consortium is targeting up to 40% reduction in greenhouse g
South Korean shipbuilder HD Hyundai Heavy Industries is working together with Seoul National University to develop eco-friendly ship technology through the advancement of sloshing technology in ship cargo holds.
Startup-corporate partnerships are becoming increasingly important as the maritime sector experiences a greater demand for innovation. At the Offshore Energy Exhibition & Conference 2023, Buccaneer, a company that sources and supports startups and scaleups in the maritime, and PortXL, a B2B maritime
Japanese engineering company Chiyoda Corporation, compatriot shipping major Nippon Yusen Kabushiki Kaisha (NYK), and its affiliate Knutsen NYK Carbon Carriers AS (KNCC) have conducted a joint study to quantitatively evaluate and verify the feasibility of the carbon capture, utilization, and storage
TFG Marine, an international marine fuel joint venture founded by Trafigura, Frontline and Golden Ocean, has christened the first liquefied natural gas (LNG) duel-fueled bunker tanker to join its fleet.
The Sustainable Shipping Initiative (SSI) has launched its State of Sustainable Shipping (SoSS) program, bankrolled by Lloyd’s Register Foundation. Expanding on the Roadmap to a Sustainable Shipping Industry, the SoSS program hones in on six crucial vision areas: Oceans, Communities, People, Transpa
Abu Dhabi-based clean energy company Masdar and French shipping major CMA CGM have signed a strategic supply partnership (SSP) to explore opportunities for long-term green maritime fuels offtake contracts. Masdar revealed the agreement on January 30, stating that the partnership aims to source, supp
Swedish shipping company Erik Thun Group has chosen an AI-based solution developed by compatriot company Cetasol to enhance the energy management of nearly 50 vessels.
Spanish cleantech engineering company bound4blue has been selected to install a 22-metre-high eSAIL onboard the newbuild multipurpose cargo vessel NA PAE E HIRO, owned by shipping company SNA TUHA’A PAE (SNA).
World Wildlife Fund (WWF) Canada, one of Canada’s largest conservation organizations, is urging the federal government to deliver a strong plan in 2024 to protect marine species from underwater noise pollution.
Ireland’s largest bulk port Shannon Foynes and the Port of Rotterdam have signed an agreement to develop a supply-chain corridor for exporting green fuels into Europe produced from the west of Ireland’s limitless wind resource.
Danish methanol-as-marine-fuel consultancy Green Marine has teamed up with Lloyd’s Register (LR) classification society on expert training for methanol handling. The training program is intended for maritime stakeholders that aim to build or retrofit and operate vessels with methanol-as-fuel technol
Oslo-listed Wallenius Wilhelmsen has sealed two contracts worth over $1.2 billion with an unnamed global construction and mining equipment manufacturer and one of the largest automotive distributors in the Americas. The first multi-year shipping contract, valued at approximately $1 billion based on
The role of alternative fuels in powering the low-carbon economy will dramatically increase volumes of renewable ammonia, outstripping growing volumes of renewable methanol.
