The maritime industry will need to invest around $3.4 trillion in the next 30 years to replace the existing fleet in line with the shipping sector’s decarbonization plans. The projection was made earlier today by the shipping industry’s top analyst Mr. Martin Stopford, Non-Executive President -of Cl
Liquefied natural gas (LNG) as a marine fuel has been touted as the best available solution for the maritime industry to reduce its greenhouse gas emissions for a while now. It has been transported for over 40 years and the shipping sector has learned a lot about it as a cargo but also as a fuel. [&
Swiss commodity trading house Trafigura has expanded its support to MAN Energy Solutions’ ammonia-fueled engine project.
Titan LNG, a Dutch independent LNG supplier, has completed another bunkering operation at the Port of Antwerp .
German dry bulk operator Oldendorff Carriers has teamed up with BHP, and biofuels pioneer GoodFuels to carry out the first marine biofuel trial involving an ocean-going vessel bunkered in Singapore. The vessel selected for the trial was Kira Oldendorff,one of the company’s eco-Kamsarmaxes. The 2020-
Classification society ABS has decided to join SOFC4Maritime, a joint development project (JDP) to accelerate the development of the solid oxide fuel cell (SOFC) technology.
United European Car Carriers (UECC), a Norway-based provider of shortsea RoRo transportation, has launched its first battery hybrid LNG-powered pure car and truck carrier (PCTC). The milestone was marked on Monday, April 12. The newbuild was set to be moved from shore to the floating dock and then t
U-Ming Marine Transport Corporation, Taiwan’s largest publicly listed bulk carrier company, has secured its first sustainability-linked loan worth $45 million. The loan was obtained from E.SUN Commercial Bank and it was preceded by a rigorous due-diligence process that evaluated the company’s financ
South Korean majors Hyundai Heavy Industry (HHI) Group and Korean Register (KR) have signed an MOU laying the groundwork for a strategic partnership to address key environmental challenges facing the industry. Under the MOU, signed on April 12, the two sides plan to exchange technical information an
Singapore-based Sembcorp Marine has picked Schottel’s azuimuthal hybrid drive system for the world’s first liquefied natural gas (LNG) hybrid tug.
Marine solutions provider Høglund has been contracted to deliver Fuel Gas Supply Systems (FGSS) for four LNG-fuelled LR II crude and product oil tankers.
U.S. offshore vessel owner Harvey Gulf has completed a milestone 1000th LNG bunkering operation at its facility in Port Fourchon, Louisiana.
Since the start of the year, there have been 27 LNG-fuelled vesselsordered, according to a recent market insight from Gibson Shipbrokers. Of these, 14 have been tankers, nine have been container vessels, two general cargo, and PCCs respectively. The vessels will be built through to 2024. Furthermore
Japanese manufacturer of marine propellers Nakashima Propeller Co. Ltd. has acquired a majority stake in the German shipbuilding supplier Becker Marine Systems GmbH.
