International Maritime Industries (IMI), the largest shipyard in the MENA region, has launched Global Maritime Fund (GMF), which aims to provide up to 100% financing for ships and rigs built at IMI’s yard in Ras Al Khair, Saudi Arabia. The independent fund, managed by Pelagic Partners, wants to beco
The Halifax Port Authority and Hamburg Port Authority have joined hands on decarbonizing the shipping corridor between Halifax, on Canada’s east coast, and Hamburg, along Germany’s northwest coast. The two port authorities signed a Memorandum of Understanding in Hamburg on September 29, 2022. The Mo
Thai state-owned oil and gas company PTT and AET, the petroleum arm of MISC, have signed a Memorandum of Understanding (MOU) for the development and construction of two zero-emission Aframaxes to be powered by green ammonia. Under the agreement, AET will select a suitable shipyard and the two zero-e
On this year’s World Maritime Day, Cyprus-based sustainability advisor Grow Sustainability Consulting, in partnership with Greek shipping expert Alpha Marine Consulting, has launched Grow Maritime, a company offering sustainability consulting services to organisations operating in the shipping secto
South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) has developed a land-based test site for electrification within its research and development center at the university campus in Siheung. The test site would be used for the development of advanced eco-friendly and smart ship technologies,
Norwegian RoRo shipping company Höegh Autoliners has committed to using either green ammonia or green methanol in at least 5 % of its deep sea operations by 2030, the company announced. The plan was revealed as the company joins the First Movers Coalition (FMC), which targets hard-to-abate sectors i
Data will play a central role in helping the maritime industry comply with the new regulations on Energy Efficiency Existing Ship Index (EEXI) and Carbon Intensity Indicator (CII), as well as achieve its environmental, regulatory, and commercial goals, according to Sarah Barrett, Product Insights at
American transportation and logistics company Matson has become the latest member of SEA-LNG, the multi-sector industry coalition established to demonstrate the benefits of the LNG fuel pathway for shipping’s decarbonisation.
The latest installations of wind propulsion technology on large commercial vessels have pushed the global cargo capacity of vessels that make use of wind as a renewable energy source over the one million tonnes of deadweight (dwt) milestone. Currently, twenty-one large commercial vessels have wind p
Wärtsilä has inked “a pioneering agreement” for decarbonisation projects in the oil and gas segment in the Americas with Brazil’s Grupo CBO.
Fratelli Cosulich Bunkers Singapore and Nantong CIMC Sinopacific Offshore & Engineering Co., Ltd have signed a memorandum of understanding (MOU) for the construction of an ammonia bunker tanker.
The UK Government is launching a £60 million (approximately $64.7 million) clean maritime competition aimed at helping finance innovative projects that can facilitate the maritime sector to cut its greenhouse gas emissions. The announcement coincides with World Maritime Day, which this year focuses
Petrobras has signed a contract with Keppel Shipyard for the construction of the P-83 FPSO for the Santos Basin pre-salt area off Brazil.
Converting containership vessels to alternative fuels is technically and economically feasible, Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping said citing findings of a new report. As the industry moves to decarbonize its fleet, numerous questions remain to be answered on the best pathways f
