Thordon Bearings has been contracted to supply its grease-free, self-lubricating ThorPlas-Blue bearing material to Aloft Systems’ containerized wind propulsion system designed by to reduce fuel consumption and fossil fuel emissions across all commercial ship types.
Lloyd’s Register (LR) has awarded Approval in Principle (AiP) to Rotoboost, a Nordic hydrogen production company, for its pre-combustion Carbon Capture System (CCS) Rotobox. Rotobox uses thermocatalytic decomposition process (TCD) onboard marine vessels, where part of the natural gas fuel supply is
Costamare, Monaco-based owner and provider of containerships and dry bulk vessels for charter, has invested $200 million in Neptune Maritime Leasing Limited, becoming the leading investor in the growth-oriented maritime leasing platform. Neptune Leasing, established in 2021 by seasoned financier Har
The Port of Los Angeles has entered into separate Memorandum of Understandings (MOUs) with the Port of Tokyo and the Port of Yokohama to collaborate on sustainability and environmental issues.
Norway’s cleantech company TECO 2030 has achieved a prerequisite required to release the NOK 50 million ($4.6 million) grant given to the company by Innovation Norway in October 2021. Innovation Norway, the Norwegian Government’s instrument for supporting innovation and development of Norwegian ente
Greek shipping major Tsakos Energy Navigation (TEN) has placed orders for the construction of two scrubber-fitted environmentally designed Suezmax tankers in South Korea. The company did not disclose the name of the yard, however, previous market reports indicate that the builder is Hyundai Heavy In
Japanese shipping company Mitsui O.S.K. Lines (MOL) has decided to purchase a 32,000-ton cruise ship Seabourn Odyssey from US-based cruise line Seabourn Cruise Line Limited.
Seven new members have joined the Methane Abatement in Maritime Innovation Initiative (MAMII), launched in September 2022. New members of the Methane Abatement in Maritime Innovation Initiative (MAMII) include CoolCo, United Overseas Management, Capital Gas, Celsius Tankers, Global Meridian Holdings
Hutchison Ports, a global port operator, has revealed $700 million investments in two major projects in Egypt – Ain Sokhna Port and B100, a new container terminal in the Port of Alexandria. This investment brings Hutchison Ports’ total investment in Egypt to over $1.5 billion. The company aims to ex
Brazil-based iron ore producer and charterer ore carriers Vale has signed a contract with Kongsberg Digital to install its solution Vessel Insight on four Valemax vessels.
American transportation and logistics company Matson has confirmed plans to convert the main engine of its 2019-built container ship Kaimana Hila to run on LNG. The ship’s engine will be converted from an MAN B&W S90ME-C10.5 unit to a dual-fuel ME-GI unit that can run on LNG. The retrofit of the 3,6
Strikes against the French government’s planned pension reform entered a second week on Wednesday, disrupting maintenance at nuclear reactors, hitting liquefied natural gas (LNG) prices, and blocking some shipments from refineries and depots, Reuters news agency reported. According to Reuters, at le
Guangzhou Shipbuilding International, a subsidiary of China State Shipbuilding Corporation, has delivered the fifth LNG dual-fuel crude oil/product tanker to the Bank of Communications Financial Leasing (Bocomm Leasing).
Singapore-based shipping company Ocean Network Express (ONE) has installed an innovative green technology, bow wind shield, on a 21,700 TEU containership, ONE Tradition.
