As part of reducing carbon footprint throughout the equipment supply chain, Swedish sustainable solutions provider Alfa Laval and Nordic and US-based steel company SSAB are targeting the first plate heat exchanger made using fossil-free steel.
Japanese shipping company Mitsui O.S.K. Lines (MOL), its group company MOL Techno-Trade (MOLTT) and Akishima Laboratories (Mitsui Zosen) have formed a strategic partnership to progress fuel efficiency of MOL Group-operated vessels and minimise vessels’ greenhouse gas (GHG) emissions.
South Korean shipbuilding major Daewoo Shipbuilding & Marine Engineering (DSME) has entered into a tentative deal with compatriot conglomerate Hanwha Group on the acquisition of a 49.3 percent stake and management rights in return for $1.4 billion. Under the terms of the Memorandum of Understanding,
Green corridors are coming forth as the central link that is expected to facilitate the shipping industry’s transition to alternative fuels and full-scale decarbonization. Several green corridors are already in the making linking ports within Europe or those connecting Europe with Asia and America.
UK-based maritime design and applied technologies company Artemis Technologies, a spin-off from the Artemis Racing America’s Cup sailing team, has unveiled the design of its new 100% electric EF-24 passenger vessel, targeting the global high-speed ferry market.
Multinational technology specialist ABB and German engine manufacturer MAN Energy Solutions have teamed up on dual-fuel electric propulsion solutions. The new propulsion plant concept will be suitable for LNG carriers, Floating Storage Units (FSUs), and Floating Storage and Regasification Units (FSR
China Merchants Energy Shipping (CMES) has ordered two 175,000 cbm LNG carriers at compatriot Dalian Shipbuilding Industry Company (DSIC). China State Shipbuilding Corporation (CSSC), Dalin’s parent, said that the strong cooperation with CMES marks the first LNG carrier construction project for DSIC
Representatives of the maritime sector have officially launched an initiative to catalyze the supply of green fuels to support the global energy transition.
Singapore-based tanker owner and operator Hafnia Tankers has entered into an agreement with compatriot F-Drones to use drones for the delivery of goods to the company’s vessels. Under the agreement signed in September, Hafnia will use drones for deliveries to Singapore-based vessels, the company sai
AD Ports Group’s SAFEEN Feeders has signed an agreement with Invictus Investment to launch a new international dry bulk shipping service for which they plan to buy five bulkers. The two companies plan to purchase ships through special purpose vehicles, owned 85% by SAFEEN Feeders and 15% by Invictus
South Korean shipbuilder Hyundai Heavy Industries Group (HHI) has decided to expand its partnership with American software company Palantir Technologies to digitise operations.
COSCO Shipping Captive Insurance, a subsidiary of COSCO Shipping Group, has become the first Asian marine insurance company to support the Poseidon Principles.
Stena Ebba, Stena Line’s fifth E-Flexer vessel, has set sail towards the Baltic Sea, following the completion of construction works and sea trials at the China Merchant Jinling (Weihai) shipyard, China. The Stena Ebba will join its sister vessel Stena Estelle on the Karlskrona-Gdynia route later thi
Solstad Offshore’s construction support vessel (CSV) Normand Ocean is saving more than 25% fuel since the installation of a battery and shore power system. Investing in battery hybrid systems for its vessels is one of Solstad’s measures taken to achieve the target of 50% emission reduction by 2030,
