Australian energy infrastructure developer Venice Energy and its compatriot energy provider Origin Energy have agreed on a structural framework that will underwrite the commercial viability of the Outer Harbor LNG import terminal to be built at Port Adelaide. The agreement will see Origin become the
South Korean shipbuilder Samsung Heavy Industries (SHI) and classification society DNV have inked a Memorandum of Understanding (MOU) committing to establish a remote operation center (ROC) for real-time monitoring and control of maritime autonomous surface ships (MASS).
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
Japanese shipowner Mitsui O.S.K. Lines (MOL) and compatriot company Cosmo Oil have joined forces by signing a Memorandum of Understanding (MoU) to study ocean transport, with the goal of establishing a carbon dioxide capture and storage (CCS) value chain.
Italian shipping company Manisa Chartering has entered into a contract with China State Shipbuilding Corporation’s Guangxi Shipbuilding and Offshore Engineering for the construction of up to eight 8,500-ton general cargo ships. This deal represents the most significant export order for shipbuilding
Norwegian shipowner Knutsen Group has taken delivery of a newbuild LNG carrier that will go on a charter with Poland’s PGNiG Supply & Trading, a part of ORLEN Group. The vessel named Saint Barbara is the third in a series of six vessels that will be chartered to the Polish company, following Lech Ka
French containment specialist GTT and Finnish firm Deltamarin have obtained approval in principle (AiP) for the design of a liquefied natural gas (LNG) dual-fuel very large crude carrier (VLCC) from classification society Lloyd’s Register (LR).
Wind propulsion specialist Airseas announced that its latest sea trials have revealed projected fuel and emissions reductions of 16% based on a normalized transatlantic voyage. The projections are based on traction data collected during the validation of automated dynamic flights of the Seawing, whe
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:
UK’s clean technology company Silverstream Technologies and German marine engine designer MAN Energy Solutions (MAN ES) have signed a collaboration agreement to support the decarbonization of the global shipping industry.
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,
Chinese shipbuilder Hudong-Zhonghua has kicked off construction of a new LNG carrier for COSCO Shipping Energy and PetroChina, part of China National Petroleum Corporation (CNPC).
The Government of Finland has pledged funding worth €150,000 to the IMO-GreenVoyage2050 project which supports developing countries in their efforts to reduce Greenhouse Gas (GHG) emissions from ships and in ports.
Lloyd’s Register (LR), the UK’s classification society, has been awarded a contract to class two methanol-ready commissioning service operations vessels (CSOVs) being built by VARD, a global designer and shipbuilder of specialized vessels, for North Star, the UK’s offshore infrastructure support ves
