Green Shipping News

The Maritime International Advisory Panel (IAP) held its third annual meeting on April 16, 2024, during the Singapore Maritime Week 2024. This year, the Maritime IAP held in-depth discussions on the key developments in the maritime sector, including decarbonization, green financing, digitalization and cybersecurity.Established in 2022 by the Ministry of Transport (MOT) and the Maritime and Port Authority of Singapore (MPA), the Maritime IAP aims to seek international perspectives on key long-term trends and developments that will shape the maritime industry.

Ocean Network Express (ONE) has launched a reduced emissions shipping service ONE LEAF+ which offers customers the opportunity to proactively manage their own emissions and minimize environmental impact across the value chain.ONE LEAF+ offers:• Reduced Carbon Footprint: ONE will deploy regulation-compliant alternative fuels on designated vessels, allowing customers to reduce Scope 3 GHG emissions on their shipments with ONE.• Added Transparency: With ONE LEAF+, customers will…

This week at Singapore Maritime Week, the U.S. Department of Energy (DOE) is advancing ambitious decarbonization targets for the maritime transportation sector, both domestically and internationally.DOE is teaming with over 15 government and industry partners in Singapore to foster partnerships and collaborate on clean energy solutions aimed at achieving net zero-emissions in the maritime sector by 2050. Domestically, DOE’s Office of Energy Efficiency and Renewable Energy (EERE) is joining with ABS to create opportunities for data and information sharing to strengthen U.S. shipping. The U.S.

A new report offers safety recommendations for ship owners and port authorities seeking to establish green shipping corridors.As the shipping industry continues to make progress toward its decarbonization goals, a number of green shipping corridors are being being set up as maritime routes that help to enable the use of low- and zero-emission lifecycle fuels such as methanol, ammonia and hydrogen, as well as other green technologies. To date, more than 30 green shipping corridors…

X-Press Feeders has signed of a memorandum of understanding (MOU) with six European ports: Port of Antwerp Bruges (Belgium), Port of Tallinn (Estonia), Port of Helsinki (Finland), Port of HaminaKotka (Finland), Freeport of Riga (Latvia) and Klaipeda Port (Lithuania).The agreement signifies a joint commitment to accelerate the establishment of green shipping corridors and the broader decarbonization of the marine sector in Scandinavia and the Baltic Sea.X-Press Feeders and the…

The St. Lawrence Seaway opened its 66th season of operation today with an official ceremony in Niagara Region.Terence Bowles, President and CEO of the St. Lawrence Seaway Management Corporation (SLSMC) was joined by U.S. Great Lakes St. Lawrence Development Corporation Administrator Adam Tindall-Schlicht in welcoming the many who came out for the event, including M.P. Vance Badawey, Parliamentary Secretary to the Canadian Minister of Transport.“We are thrilled to have a renewed Management Operations and Maintenance Agreement with the Government of Canada.

Headway Technology Group, a leader in green shipping technology, hosted a seminar on January 23, 2024, at Parkroyal Collection Marina Bay, Singapore. The event, themed "Innovation for better low carbon solution" drew more than100 delegates, including representatives from Singaporean ship owners, shipyards, designing institutes, and alternative fuel associations. The focus of the seminar was to engage in meaningful discussions on the challenges and opportunities within the realm of low-carbon shipping.In the keynote speech…

AtoB@C Shipping in mid-December took delivery of Electramar, the first vessel in its series of 12 highly energy-efficient plug-in hybrid vessels. These vessels reduce CO2 emissions by up to 50% compared to the present generation of vessels. Shore power connectivity and a large battery installation provide superior fuel efficiency and the possibility to minimize noise and emissions while in port."We are proud to be at the forefront of green shipping with these innovative vessels that combine high efficiency, flexibility and sustainability.

A.P. Moller-Maersk has signed a Memorandum of Understanding (MoU) with the City of Yokohama and Mitsubishi Gas Chemical. The agreement will focus on the development of green methanol bunkering infrastructure in Yokohama as Maersk’s 16,000 TEU green methanol-powered container vessels will be delivered since 2024.Maersk has a target of achieving net-zero emissions by 2040 throughout its entire business. For shipping, it will equip its 25 container vessels with dual-fuel engines capable of sailing on green methanol.

The Ministry of Transport of the Republic of Singapore (MOT) and the Ministry of Land, Infrastructure, Transport and Tourism of Japan (MLIT) have signed a memorandum of cooperation to establish the Singapore – Japan Green and Digital Shipping Corridor.Japan is one of Singapore’s top 10 trading partners, and the trade volume between the two countries totaled S$65 billion in 2022.Under the collaboration, the Maritime and Port Authority of Singapore (MPA) will work together with six Japanese ports – the Port of Tokyo…

Norway’s Prime Minister Jonas Gahr Støre and US Special Presidential Envoy for Climate John Kerry are co-leading an international initiative to accelerate reduction of emissions from the shipping sector, and on December 1, during COP28, they chaired a new round of announcements under that initiative, the Green Shipping Challenge.Various countries and organizations proposed measures to reduce emissions from shipping. This year’s announcements include:• Amazon: Amazon and other…

At COP28, the Maritime and Port Authority of Singapore (MPA), Port of Los Angeles and Port of Long Beach unveiled a strategy for a green and digital shipping corridor across the Pacific Ocean.The strategy follows the signing of a memorandum of understanding by MPA, Port of Los Angeles and Port of Long Beach during Singapore Maritime Week in April 2023. The signing formalized the partnership, which is supported by C40 Cities, with the aim of establishing a green and digital shipping…

In the vast expanse of the world’s oceans, a transformation is underway.The international shipping sector, made up of thousands of massive cargo ships laden with many of the goods we buy, emits carbon dioxide (CO₂) roughly equivalent to the entire country of Germany.Our research emphasises the need for immediate action. Reducing shipping emissions by 34% by 2030 is necessary to stay on course with the Paris Agreement’s 1.5°C goal. But with low-carbon fuel pipelines unlikely to be available at the necessary scale until at least the 2030s…

Yara Clean Ammonia, North Sea Container Line, and Yara International have joined forces to realize the world's first container ship that will use clean ammonia as fuel. Named Yara Eyde, the vessel will be the first to sail emission-free sea route between Norway and Germany.Yara Eyde will operate between Oslo, Porsgrunn, Hamburg and Bremerhaven, so that from 2026, Norwegian companies can trade their products emissions-free in and out of Norway. Yara International is participating as cargo-owner.

Hamburg-based ship finance platform oceanis’s Q4 State of Ship Finance Report comes with a thank-you to shipping companies that are committed to the green transition.Over the past decade, oceanis has seen large changes to the ship financing landscape towards greener projects. The most obvious green financiers are the Poseidon Principles banks, the initiative launched in 2019 whose signatories manage 70% of the world’s shipping loans. At the same time, many other banks and funds are moving away from financing ‘brown’ assets and trades.

The American Bureau of Shipping (ABS) is launching a global ABS Electrification Center in Singapore to support maritime decarbonization projects.Comprised of ABS engineers and technical specialists, the center will support a range of cutting-edge electrification projects for shipowners, shipyards and other stakeholders across the Asia Pacific region and around the world, ABS said.The center will also provide support for the electrification of harbor and coastal craft aligned to the initiatives from the Maritime and Port Authority of Singapore (MPA).

According to the latest edition of DNV’s Maritime Forecast to 2050, the shipping industry will find it challenging to secure enough supply of carbon-neutral fuels.To meet the anticipated demand of 17 million tonnes of oil equivalent (Mtoe) annually by 2030, the maritime sector would need to access 30-40% of the projected worldwide carbon-neutral fuel supply.As the shipping industry will compete for these fuels with aviation and road transportation, as well as other industries, their production needs to significantly accelerate if the industry’s emission-reduction goals are to be met.

Australia’s Victorian Government is backing a new feasibility study that could see Portland become home to one of Australia’s first green shipping fuel production hubs.Minister for Regional Development Harriet Shing announced the new study for a renewable fuel manufacturing hub in the portside city, with A$500,000 invested through the Labor Government’s Portland Diversification Fund.The feasibility study will be led by Portland H2 – a subsidiary of HAMR Energy – towards establishing a plant converting plantation forestry residue to green methanol.

Fashion brands are a key driver of demand for green shipping fuels, according to shipping group Maersk MAERSKb.CO, as the sector faces pressure from consumers and regulators to reduce their climate footprint.Retailers ship huge volumes of clothes from production centres in countries such as China, Vietnam and Bangladesh to consumers around the world, causing carbon dioxide emissions.Overall, the textile industry is estimated to be responsible for between 2% and 8% of global greenhouse gas emissions…

A new study from consultancy Arup demonstrates the benefits that Canada could obtain from investing in infrastructure that would enable the uptake of low and zero emissions shipping fuels.The Canadian Green Shipping Corridor Assessment was commissioned by Oceans North, a charity that supports marine conservation and climate action in partnership with Indigenous and coastal communities, and the Vancouver Maritime Centre for Climate. Using case studies, it shows how investing in…

On 26 June, the International Transport Workers’ Federation (ITF) and the World Maritime University (WMU) launched a flagship report entitled, Transport 2040 - Impact of Technology on Seafarers - The Future of Work, during the International Chamber of Shipping’s Shaping the Future of Shipping event in Manila, Philippines. The research results provide an in-depth exploration of a number of maritime issues related to future ship technologies, including automation, and seeks to qualify…

Norwegian companies OSM Thome and Pherousa Green Shipping (PGS) have entered into a Letter of Intent outlining their collaboration on six 63,000dwt Ultramax bulk carriers to be ordered by PGS.The collaboration involves Phases I, II, and III, encompassing Drawing Approval, Project Development, and Site Supervision. Furthermore, OSM Thome will manage the crew and technical management of the constructed vessels.PGS, established in 2023, is in the process of initiating the order for these zero-emission vessels, designed by Deltamarin in Finland.

Lloyd’s Register Maritime Decarbonisation Hub and the Maritime and Port Authority of Singapore (MPA) have signed a Memorandum of Understanding (MoU) aimed at collaborating on a fleet-specific decarbonisation strategy for ‘The Silk Alliance’ cross-industry initiative to enable zero-emission shipping across the Indian and Pacific Oceans.The collaboration includes driving investments into scalable fuel supply infrastructure to meet the demand of members of The Silk Alliance and potential wider regional bunkering demands for alternative fuels.Launched in May 2022…