Green Marine
IEA: Shipping to miss zero emissions target in 2050
Shipping is one of the few transport modes that does not achieve zero emissions in the Net‐Zero Emissions by 2050 Scenario, released by the International Energy Agency (IEA). The agency ascribed this to a lack of available low‐carbon options on the market and the long lifetime of vessels (typically
New IMO measures to address containers lost at sea
The International Maritime Organization’s (IMO) Maritime Safety Committee (MSC) has agreed to initiate new measures to detect and report containers lost at sea, which may enhance their positioning, tracking and recovery.
Evergas, Ultragas launch company specializing in transport of captured CO2
Danish shipping companies Evergas and Ultragas have established Dan-Unity CO2, the first shipping company specialized in vessels for the transport of captured CO2 for storage and re-use. The company has set up a partnership with Carbfix, an Icelandic startup specializing in C02 storage. The duo plan
Frontline buys six ECO VLCC newbuilds for $565.8 million
Norwegian tanker owner and operator Frontline has entered into an agreement to acquire six ECO-type VLCC newbuildings through resale. The six VLCCs are currently under construction at the Hyundai Heavy Industries shipyard in South Korea. The VLCCs are being bought for $565.8 million, including an es
Diana Shipping inks sustainability-linked loan
Greek shipping company Diana Shipping has signed a sustainability-linked loan facility with Dutch ABN AMRO Bank through six wholly-owned subsidiaries in the amount of $91 million.
New hull cleaning rules to strengthen Port of Tallinn green status
Striving to be more eco-friendly, Estonian Port of Tallinn has established new rules of cleaning and other procedures on ships’ hulls underwater surfaces which can be carried out only with the permission of the Vessel Traffic Shift Manager.
Nuclear power for shipping: X-Press Feeders invests in Core Power
X-Press Feeders, the world’s largest independent common carrier, has made an investment in Core-Power, a UK-based development company specializing in scalable atomic power technology for ocean transport and heavy industry.
Global shipping industry signs declaration to curb piracy in Gulf of Guinea
After more than 95% of sea kidnappings happened in the Gulf of Guinea in 2020, almost 100 shipping companies, organizations, and flag states have signed a new declaration calling for and to piracy in the Gulf of Guinea. The violence, scope, and sophistication of the attacks on shipping have continue
Ardmore to boost tanker fleet efficiency with Lean Marine system
Swedish company Lean Marine has been contracted to install its propulsion optimization technology across the tanker fleet of Ardmore Shipping Corporation.
ITF: Emissions set to rise as transport activity doubles
Global transport activity will more than double by 2050, and traffic emissions will rise by 16% compared to 2015 – even if existing commitments to decarbonise transport are fully implemented, the International Transport Forum (ITF) predicts. According to ITF Transport Outlook 2021, any currently exp
US NREL examines potentials of marine biofuel use
A global effort to reduce sulfur and greenhouse gas (GHG) emissions from ships has researchers from the US National Renewable Energy Laboratory (NREL) and other Department of Energy facilities investigating the potential use of marine biofuels.
MOL returns to ammonia shipping
Japanese shipping company Mitsui O.S.K. Lines has decided to re-enter the ammonia transport business after almost five years of being absent from the trade. MOL’s re-entry into the business is being announced on the back of a time-charter contract with Trammo, a US-based merchandising and ammonia tr
ABP beefs up shore power plans at the Port of Southampton
Associated British Ports (ABP) plans to install a second shore power connection at the Port of Southampton as part of its partnership with Carnival UK to enable sustainable cruising. The shore power connection is set to be installed at the port’s Mayflower cruise terminal, with expected commissionin
GTT to design cryogenic fuel tanks for CMA CGM’s LNG newbuilds
French LNG containment specialist GTT has been chosen by French shipping company CMA CGM to design the cryogenic fuel tanks of 12 new LNG-fuelled container vessels.