Norwegian shipowner Belships has entered into agreements to acquire three new Ultramax bulk carriers which are being constructed at Japanese shipyards. The Japanese-design Ultramax bulk carriers represent the highest quality and lowest fuel consumption available in the market today, Belships said. T
The dual-fuel vessel Cajun Sun has completed the first-ever net-zero voyage fuelled by bio-methanol, Methanex Corporation (Methanex) and Mitsui O.S.K. Lines (MOL) revealed. The Cajun Sun, operated by Methanex’s subsidiary Waterfront Shipping and chartered from MOL, departed from Geismar, U.S. on Jan
Chevron Shipping Company, a subsidiary of energy major Chevron, has entered into an agreement with Sembcorp Marine Repairs & Upgrades Pte. Ltd, a wholly-owned subsidiary of Sembcorp Marine, with an aim to reduce the carbon intensity of its LNG fleet operations. Under the agreement, Sembcorp Marine w
Marine fuel supplier Peninsula is commencing the supply of biofuels at its hub ports in the Strait of Gibraltar as part of its strategy to meet increased complexity in the marine fuel mix. Peninsula has recently received a permit from ISCC – International Sustainability and Carbon Certification rela
The EU has adopted a new package of sanctions against Russia and its supporters in response to Russia’s invasion of Ukraine. The tenth package of sanctions is being adopted as the world marks one year since Russia’s full-scale invasion of Ukraine and is targeting 121 entities and individuals. The pa
Essar Group, invested in energy, metals and mining, infrastructure, and technology sectors, has announced the formation of Essar Energy Transition (EET) to drive energy transition in the UK and India. According to Essar, EET plans to invest a total of $3.6 billion in developing a range of low-carbon
German liner major Hapag-Lloyd has signed a multi-year agreement for the supply of liquefied natural gas (LNG) with Shell Western LNG B.V (Shell). The LNG is intended for Hapag-Lloyd’s twelve ultra-large dual-fuel container vessels currently under construction at the South Korean shipyard Daewoo Shi
Samoa has launched a new multi-million Tala project to accelerate climate change mitigation efforts through the low-carbon transition of its land and maritime transport sectors away from the country’s heavy reliance on fossil fuels.
CSSC Qingdao Beihai Shipbuilding has launched the construction of CMB’s ammonia-ready 210,000 dwt bulk carrier. The Capesize bulker is part of a contract the Belgian shipowner signed with the shipyard in January last year. The deal was described as the world’s first order for ammonia-ready Capesize
Norwegian shipping company Hagland Shipping has launched the second in a series of three new battery-hybrid bulkers being built by Dutch shipbuilding company Royal Bodewes.
The Green Ray project, led by a consortium of companies across the shipping supply chain, has won funding from the European Union to develop solutions minimizing methane slip from marine engines. The funding worth €7 million has been secured through Horizon Europe, the EU’s key funding program for r
AET, the petroleum arm of MISC Group, has signed a memorandum of understanding (MoU) with PETCO Trading Labuan Company Ltd (PTLCL), an indirect wholly-owned unit of Petronas, to explore a potential collaboration for deploying a future zero-emission ammonia-powered Aframax. For AET, this MoU for the
Greece-based ship management company Capital Ship Management (Capital) has taken delivery of the second out of six new liquefied natural gas (LNG) fuel-ready sister ships with an eco-friendly design.
Japanese shipbuilder Kawasaki Heavy Industries has won a shipbuilding contract for an 86,700 cmb liquefied petroleum gas (LPG) and liquefied ammonia gas (NH3) carrier from Dubai-based energy company BGN INT DMCC. The vessel is equipped with separate cargo tanks designed to carry LPG and NH3 at the s
