Green Marine
Hydrogenious and Østensjø join in on zero-emission shipping
Germany’s Hydrogenious LOHC Technologies and Norway’s Østensjø Group team up to develop an emission-free propulsion system based on hydrogen in oil for the global shipping industry.
KfW IPEX-Bank supports Hapag-Lloyd’s LNG-powered ULCV project with green loan
German container shipping major Hapag-Lloyd has secured from compatriot KfW IPEX-Bank its second green loan within six months aimed at financing the construction of six LNG-powered ultra large container vessels (ULCVs).
Drewry bullish on methanol’s role in decarbonizing shipping
UK-based shipping consultancy Drewry expects half of the vessels ordered after 2025 to have dual-fuel engines, with a large percentage using methanol as marine fuel. Methanol is viewed as a good replacement for traditional marine fuels due to its potential to reduce GHG emissions since it doesn’t co
Alfa Laval, NMRI capture CO2 with scrubbers
Swedish company Alfa Laval has managed to capture CO2 in a recent trial performed in cooperation with Japan’s National Maritime Research Institute (NMRI) using exhaust gas cleaning technology. Initiated by NMRI, the CO2 capture testing project was designed to provide real-world validation of results
In focus: Heating up the energy transition
The latest developments from the offshore energy industry related to the ongoing energy transition.
Toft: We are consuming too much fuel and have too many ships in the networks
The container shipping industry has been faced with an unprecedented congestion crunch over the past year and a half, driven by COVID-19 related labour shortages, as well as handling capacity limits resulting in major disruption across the global ports. Massive swings in container shipping demand co
Navios Partners to acquire five drybulk vessels
Dry cargo vessel owner and operator Navios Maritime Partners has inked a deal to acquire five drybulk vessels for a total of approximately $182.3 million.
Danaos takes full ownership of Gemini
Danaos Corporation has exercised its option to acquire the remaining equity interests in its joint venture Gemini Shipholdings Corporation. Gemini is a Marshall Islands company incorporated in August 2015 and beneficially owned 49% by Danaos Corporation and 51% by Virage International, a company con
BIMCO: 277 boxships changed hands in H1 2021
During the first half of 2021, a total 277 container ships have changed hands, a 103.7% jump from 136 ships bought and sold in the same period of 2020, data from Vessels Value shows. The jump testifies to a red-hot container market that has fueled demand for tonnage, not only in the charter market,
Crew change crisis worsens, over 8pct seafarers employed over contract
The number of seafarers onboard vessels beyond the expiry of their contract has risen from 5.8% to 8.8%, which corresponds to a 51,7% relative increase, the Neptune Declaration Crew Change Indicator (NDCCI) shows.
De Nora wraps up acquisition of UV Technologies Division
De Nora, an Italian supplier of sustainable technologies, has formally completed the acquisition of the UV Technologies Division (CCUV) from Pennsylvania-based Calgon Carbon Corporation.
Triumph Subsea and Harland & Wolff’s wind farm vessel deal off, Triumph says InfraStrata’s statement ‘misleading’
The Letter of Intent (LoI) for the construction of a Windfarm Development Vessel (WDV) – issued last year by Triumph Subsea Services to InfraStrata plc – has been formally cancelled, Triumph Subsea said after InfraStrata reported the LoI had been set aside as the shipbuilder was not confident the pr
TECO 2030 moves into its new giga fuel cell production factory
The Norwegian cleantech company TECO 2030 has taken over the building that will become home to its new fuel cell giga factory in Narvik, northern Norway. The planned combined fuel cell factory and innovation centre is set to become Norway’s first large-scale production of hydrogen-based fuel cells.
Windship Technology, Calix join forces to cut CO2 emissions
British company Windship Technology has signed an agreement with Australian company Calix Limited to develop and incorporate Calix’s onboard carbon capture system RECAST into its whole-ship solution.