Green Marine

MOL, partners launch facility for technical carbon removals
On 23 May, five companies from across Asia, Europe, and North America announced their plan to join the NextGen CDR Facility as founding buyers to scale up carbon removal technologies and catalyze the market for high quality carbon removals.

LNG-fuelled MSC World Europa to become greenest in MSC Cruises’ fleet
MSC Cruises says its LNG-fuelled newbuild MSC World Europa is to become the greenest and most efficient vessel in its fleet.

Latvia’s Virši to buy Skulte LNG Terminal stake
Virši has signed an agreement with Skulte LNG terminal to buy 20 per cent of its shares and announced plans to jointly develop an LNG terminal at the port of Skulte.

Rio Tinto, BP team up on one-year sustainable biofuel trial
Anglo-Australian mining group Rio Tinto and British energy company BP have agreed to work together on a one-year biofuel trial to help reduce carbon emissions from Rio Tinto’s marine fleet.

NYK, partners ink MoU for acceptance of ammonia-powered tug at Yokohama port
Japanese shipping company NYK Line and its partners IHI Power Systems and ClassNK have signed a memorandum of understanding (MoU) with the City of Yokohama for the acceptance of an ammonia-fuelled tugboat (A-Tug) at the port of Yokohama.

In focus: Europe’s political balancing act within offshore energy realm
European governments’ efforts to balance the security of the energy supply and climate change materialised in the form of a plan, which is expected to reduce its dependence on Russian fossil fuels and fast forward the green transition.

Sailcargo buys Swedish sailing cargo vessel to accelerate green shipping
Costa Rica-based clean shipping company Sailcargo has purchased sailing cargo vessel Vega Gamleby in an effort to accelerate clean shipping.

Excelerate Energy and Gasgrid sign 10-year FSRU charter agreement
Excelerate Energy and Gasgrid Finland have signed a ten-year deal to charter a floating storage and regasification vessel (FSRU) that will provide LNG to Finland, Estonia, and the Baltic Sea Region.

MOL’s eco-friendly bulker to help reduce GHG emissions in woody biomass supply chain
MOL Drybulk, a subsidiary of Mitsui O.SK. Lines (MOL), has signed a memorandum of understanding (MoU) with sustainable wood bioenergy producer Enviva to deploy an environmentally-friendly bulk carrier to reduce the greenhouse gas (GHG) emissions in the woody biomass supply chain.

Port of Antwerp-Bruges readies for first hydrogen-powered tugboat en route to becoming climate-neutral
Port of Antwerp-Bruges and cleantech company CMB.TECH are preparing to soon welcome the Hydrotug, the first hydrogen-powered tugboat, which is part of an integral greening programme for the port’s fleet.

Seaspan ULC orders two LNG bunker vessels for the Pacific Northwest
Canada-based shipping group Seaspan Marine Transportation has recently announced that Seaspan ULC signed a shipbuilding contract for the construction of two 7600 cbm LNG bunker vessels, with the option for a third vessel.

World’s largest cruise company comes on board zero-carbon shipping centre
The world’s largest cruise company Carnival Corporation has joined the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, a nonprofit, independent R&D centre, on its journey to zero-emission ship operations.

Germany’s DekaBank joins Poseidon Principles
DekaBank, the securities services provider of the German Savings Banks Finance Group (Sparkassen-Finanzgruppe), has become the latest financial institution to join the Poseidon Principles framework for responsible ship finance.

Neoline picks Solid Sail solution for its first sailing cargo ship
French low-carbon shipping company Neoline has selected the Solid Sail system from compatriot shipyard Chantiers de l’Atlantique as the main propulsion for its first sailing cargo ship. By choosing the Solid Sail solution, Neoline is one step closer to launching its first Neoliner, a 136-metre main