The Global Centre for Maritime Decarbonisation (GCMD) has joined the Clean Energy Marine Hubs (CEM Hubs), an initiative that aims to advance the production, transport and use of low-carbon fuels.
This time last year, the world, especially Europe, was busy as popcorn on a skillet trying to secure energy supplies and balance net-zero targets with the global energy crisis hot on its heels. This prompted governments, policymakers and industry players to transform strategies and ramp up investmen
The world’s first feeder vessel powered by green methanol is nearing construction completion and is getting ready to embark on its sea trials later this month. The 172-meter-long feeder was launched on April 4 at South Korea’s Hyundai Mipo Dockyard and it is being built for Denmark-based industry ma
Knutsen NYK Carbon Carriers AS (KNCC) has signed a Memorandum of Understanding (MoU) with Pilot Energy Limited, an Australian oil and gas company that is pursuing to leverage its existing infrastructure to develop clean energy projects, to collaborate on an integrated solution for marine transportat
Norwegian shipowner MPC Container Ships (MPCC) has finalized the acquisition of five eco-design vessels. With a total purchase price of $136.4 million, these acquisitions come with existing charter contracts from top-tier counterparties, which the company expects to solidify its revenue-generating c
European short-sea player Wilson ASA has signed a contract for the construction of six 3,800 dwt future-proof bulkers. Under the contract, Wilson has options for eight more diesel-electric cargo vessels, totaling the order to 14 vessels. India’s shipbuilder Cochin Shipbuilding confirmed that it has
MOL Clean Energy (MCE), a subsidiary of Japanese shipping company Mitsui O.S.K. Lines, Ltd. (MOL), has made a strategic investment in Ascension Clean Energy (ACE), a proposed global-scale clean hydrogen-ammonia production and export facility in Ascension Parish, Louisiana. The strategic investment b
UK shipbuilder Harland & Wolff has joined forces with Macduff Ship Designers, Kongsberg Maritime and Echandia, to create a UK consortium with a common vision to develop and build a zero emissions harbour and coastal tug.
The lifetime fuel costs of meeting key European decarbonisation targets for shipping through the LNG pathway are expected to be roughly half that of the methanol or ammonia pathways, according to the findings of a new analysis from the SEA-LNG coalition. The multi-sector coalition promotes the comme
French designer and shipowner VELA has unveiled the design of its first-of-its-kind trimaran cargo ship that will allow the company to transport goods across the Atlantic Ocean using 100% wind power.
Human rights and environmental non-governmental organizations (NGOs) are urging UNDP to ensure the clean and safe recycling of the decaying floating storage and offloading (FSO) vessel Safer, moored offshore Yemen, that is threatening to cause a massive oil spill. In a letter addressed to UNDP, the
The Ports of Stockholm and the Freeport of Riga Authority have signed a Memorandum of Understanding (MoU) to work on a joint application for EU funding to reduce the impact of port activities on the environment. The partnership aims to enable further development of passenger terminals in the two cap
Nordic energy company Gasum and Cruise Division of Swiss MSC Group have signed a long-term agreement for the supply of liquefied natural gas (LNG) to the new flagship of its MSC Cruises brand, MSC Euribia.
Finnish technology group Wärtsilä has secured a contract to extend the capacity of the regasification system installed onboard the LNG Croatia, a floating storage and regasification unit (FSRU) owned by Zagreb-based LNG Croatia. Under the contract, Wärtsilä will extend the capacity of the 280-metre-
