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Green Marine

India establishes dedicated maritime finance corporation to boost innovation

India’s Ministry of Ports, Shipping & Waterways (MoPSW) has officially inaugurated the Sagarmala Finance Corporation Limited (SMFCL), the country’s first non-banking financial company (NBFC) in the maritime sector. Initially envisaged to be named Sagarmala Development Company Limited, SMFCL is antic

about 1 year ago

Green Marine

DP World unit takes controlling stake in NovaAlgoma Cement Carriers

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P&O Maritime Logistics (POML), a subsidiary of Dubai-based terminal operator DP World, has decided to acquire a 51% controlling stake in Nova Algoma Cement Carriers’ (NACC) wholly owned cement assets.

about 1 year ago

Green Marine

ABB, Royal Caribbean enter long-term service pact to ‘boost’ vessel efficiency

Swedish-Swiss technology company ABB has inked a fifteen-year service agreement with the Florida-headquartered cruise holding company Royal Caribbean Group to improve vessel efficiency and tighten collaboration on maritime decarbonization. As informed, the deal encompasses 33 existing ships. The agr

about 1 year ago

Green Marine

VARD launches hybrid cable lay & construction vessel for Japanese offshore wind (Video)

Norwegian ship designer and shipbuilder VARD has launched the hybrid power cable lay and construction vessel it is building for the Japanese company Toyo Construction at its shipyard in Romania. VARD held the keel laying ceremony in September 2024 for the vessel, while this March the aft part of NB

about 1 year ago

Green Marine

H2SITE secures EU funding to deploy ammonia cracker at European port

Spanish hydrogen solutions provider H2SITE has secured funding from the EIC (European Innovation Council) Accelerator program to deploy its flagship ammonia cracking unit at a port in North-West Europe.

about 1 year ago

Green Marine

Hong Kong unveils new scheme to boost green marine fuel bunkering

The Marine Department of the Hong Kong Special Administrative Region (HKSAR) has launched an incentive scheme for bunkering of green marine fuels.

about 1 year ago

Green Marine

Babcock to supply ammonia fuel system for Trafigura’s newbuilds

Babcock’s LGE business has been awarded a contract to supply its ecoFGSS-FLEX marine ammonia fuel supply system for four new medium gas carriers being built for commodity trading company Trafigura at Hyundai Mipo Dockyard (HMD) in South Korea.

about 1 year ago

Green Marine

German push against Russian shadow fleet begins with tanker insurance checks

In a new enforcement effort that started on July 1, German authorities have begun stopping tankers passing through the country’s waters to check whether they carry valid insurance for oil spill damage. According to the German Federal Foreign Office, the measure is one of a range of initiatives spear

about 1 year ago

Green Marine

James Fisher: Construction of LNG dual-fuel tankers enters next phase

UK-based shipowner and provider of marine engineering services James Fisher has celebrated a new milestone in the construction of its LNG dual-fuel chemical tankers at the China Merchants Industry Yangzhou Dingheng Shipyard (YZDH).

about 1 year ago

Green Marine

AD Ports, Ningbo Zhoushan Port to establish smart automotive corridors serviced by green car carriers

The UAE-based terminal operator AD Ports Group and Zhejiang Provincial Seaport Investment & Operation Group (Ningbo Zhoushan Port Group), one of China’s largest port operators, have entered into a preliminary strategic agreement to establish an automotive logistics ecosystem connecting Chinese manuf

about 1 year ago

Green Marine

BHP and COSCO ink charter deal for ammonia-fueled bulk carrier duo

Australia-based mining company BHP has entered into a charter agreement with COSCO Shipping Bulk, a subsidiary of China’s COSCO Shipping, for two ammonia dual-fuel Newcastlemax bulk carriers.

about 1 year ago

Green Marine

New consortium to explore floating nuclear power for Mediterranean energy needs

American Bureau of Shipping (ABS), CORE POWER, and Athlos Energy have established a consortium to assess the feasibility of deploying floating nuclear power plants (FNPPs) in the Mediterranean Sea.

about 1 year ago

Green Marine

Carbon Clean opens one of ‘the world’s biggest’ CCUS research hubs in India

London-based carbon capture company Carbon Clean has inaugurated what is hailed as one of the ‘world’s largest’ dedicated carbon capture research facilities in Navi Mumbai, India. As disclosed, the new Global Innovation Centre (GIC) spans 77,121 square feet, housing two carbon capture plants togethe

about 1 year ago

Green Marine

Ship passages drive ‘high and unexpected’ methane emissions, new study reveals

Ship traffic in shallow areas, such as ports, can trigger large methane emissions by just moving through the water, a new study found.

about 1 year ago