United Arab Emirates (UAE) has teamed up with Det Norske Veritas (DNV) on the establishment of a new UAE Decarbonization Centre. H.E Suhail Al Mazrouei, Minister of Energy and Infrastructure, and Knut Ørbeck-Nilssen, CEO DNV Maritime signed a Memorandum of Understanding (MOU) on establishing the fac
The bidding process for the privatization of South Korea’s flagship carrier HMM was officially launched on Thursday in South Korea. The move was confirmed by HMM in a regulatory filing saying that the company’s largest shareholders, government-run banks, Korea Development Bank (KDB), and Korean Ocea
Japan’s maritime industry is taking significant strides towards the full-scale commercialization of fully autonomous ships, thanks to the MEGURI2040 Fully Autonomous Ship Project. This collaborative effort, administered by the Nippon Foundation and involving 51 companies under the Designing the Futu
German shipbuilder Meyer Werft has handed over Silver Nova, an LNG-fueled cruise ship, to Monaco-based cruise line Silversea Cruises. The delivery was announced on 21 July in a brief social media update by Meyer Werft. The 54,700-ton ship is part of a newbuild project known as Project Evolution, and
The American Bureau of Shipping (ABS) has issued an approval in principle to the fully autonomous ship framework named Action Planning and Execution System for full autonomous (APExS-auto). The system was developed by Nippon Yusen Kabushiki Kaisha (NYK), Monohakobi Technology Institute (MTI), and Ja
Nigerian National Petroleum Corporation (NNPC) and UTM Offshore have signed a Heads of Terms (HoT) agreement for the construction of the nation’s first indigenous floating LNG project. The agreement, described as a major step towards bolstering Nigeria’s energy security and promoting the utilization
The Clean Canaveral liquefied natural gas (LNG) bunker barge has completed its first barge-to-ship bunkering of a cargo vessel at Port Canaveral. JAX LNG, along with Polaris New Energy, handled the LNG refueling of the M/T Damia Desgagnés on the ship’s inaugural call to Port Canaveral at the port’s
Damen Shipyards Group has secured the first sale of its Damen Air Cavity System (DACS), an air lubrication system, borne out of a collaboration with the Delft University of Technology (TU Delft). The system maintains a thin layer of air over the flat bottom of a vessel’s hull, reducing resistance in
U.S.-based green methanol producer Carbon Sink and Jones Act-compliant shipping company Rose Cay Maritime have inked a Memorandum of Understanding to facilitate the maritime sector’s shift toward low-carbon fuels. Under the terms of the MoU, the duo agreed on increasing the production of the green f
Liquefied natural gas (LNG) has become cheaper maritime fuel than Very Low Sulphur Fuel Oil (VLSFO), according to the most recent analysis made by Danish consultancy Sea-Intelligence. To comply with the IMO2020 regulations aimed at cutting sulphur emissions, the shipowners were given a choice betwee
Swiss freight trader Cargill has completed two pilot projects with Safetytech Accelerator, a dedicated technology accelerator established by Lloyd’s Register, involving robotic hull cleaning solutions and automated data collection from ship machinery. The projects were selected as part of Safetytech
MSC Cruises, the cruise division of Swiss shipping giant MSC Group, has achieved a drop in carbon emissions intensity worth 33.5 percent since 2008, and is on track to achieve its 40 percent reduction target ahead of 2030, the company revealed in its sustainability report for 2022. “We continue to s
The Government of Canada has announced an investment of up to $38 million under the National Trade Corridors Fund to improve cargo movement at the Port of Argentia based in Newfoundland. The funds are targeting the expansion of the existing Fleet Dock terminal. This expansion includes the constructi
Following an international tender, First Gen Corporation has selected Shell for the first LNG cargo delivery and completed the berthing of the BW Batangas FSRU at its offshore LNG terminal in the Philippines. First Gen, in partnership with Tokyo Gas, is developing the Interim Offshore LNG Terminal t
