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Sustainable Products News

02 Aug 2023

Ocean Yield Enters Sustainability-Linked Transaction for Four Product Tankers

Source: Braskem

Ocean Yield has agreed to purchase four LR1 product tankers, to be constructed at Guangzhou Shipyard International (GSI) in China.The vessels will be built with a design enabling them to be converted to dual-fuel operation with methanol as fuel. Upon delivery (in 2026 and 2027), the vessels will commence 15-year bareboat charters to guaranteed subsidiaries of Braskem S.A., a global petrochemical company listed on the New York Stock Exchange and based in Brazil. Braskem S.A. currently has credit ratings of BBB- from S&P and Fitch…

28 Nov 2022

Shell to Acquire PANOLIN's ECL Business

Parminder Kohli (SVP Shell Lubricants (Europe, ME & Africa)) centre with members of the Lämmle family and Lorenz Burkart (Shell Switzerland Country Chair) (far right) (Photo: Shell)

Supermajor Shell anounced its subsidiaries in Switzerland, the UK, US and Sweden have entered into agreements to acquire the environmentally considerate lubricants (ECLs) business of the PANOLIN Group.The transaction includes the PANOLIN brand, ECL product formulations, intellectual property, technical expertise and technology, international customer base and portfolio of products – for hydraulics, gears, universal tractor transmission oils, biodegradable engine oils (HDEO), turbine oils…

01 Apr 2022

RINA and Fincantieri Partner on Maritime Decarbonization

(Photo: Fincantieri)

Inspection, certification and consulting engineering multinational RINA said it is teaming up with shipbuilding group Fincantieri to develop synergies in the field of decarbonization, with a focus on alternative fuels, carbon capture and renewable energies in the shipping sector.Under their signed signed a memorandum of understanding, the two Italian firms will partner in initiatives related to technology scouting, the analysis, study and simulation of new fuels and energy vectors - in particular hydrogen and ammonia - and carbon capture.

02 Mar 2022

Hempel Records Solid 2021, 10th Consecutive Quarter of Organic Growth

“Our performance in 2021 was very satisfactory and demonstrates that the decisive actions taken to refocus our ambitions and deliver on our strategy are paying off,” says Lars Petersson, Group President & CEO of Hempel. “Our ambition is to double our business by 2025 and to increase our positive impact in terms of sustainability – and we remain on track.” Photo courtesy Hempel

Hempel continued its growth trajectory in 2021, ending the year with 5.9 percent organic growth, following 10 consecutive quarters of organic growth. Total growth was 15.1 percent, despite supply chain challenges across the coatings industry. The 5.9 percent organic growth was the highest in more than 10 years, driven by strong performance in the Marine and Infrastructure segments, and stronger than expected in the face of unprecedented raw material cost increases and shortages.

10 Jan 2022

Oldendorff Testing Second-generation Biofuels

(Photo: Oldendorff Carriers)

German shipowner Oldendorff Carriers announced a trial voyage using biofuel for the CBH Group, the largest agricultural cooperative in Western Australia, is being performed on the Edwine Oldendorff from Australia to Vietnam. The vessel loaded 30,000 tonnes of sustainably certified malting barley from the Albany Grain Terminal in Western Australia for discharge in Vietnam using biofuel, supplied by BP. The vessel was bunkered with an advanced biofuel blend, which is expected to result in 15% emissions avoided compared to conventional fossil fuels…

10 Dec 2021

MacGregor Unveils New Heavy Lift Crane

(Image: MacGregor)

MacGregor has launched a new fully electrically driven heavy lift crane (HCE) as part of a drive to introduce more environmentally sustainable products and solutions.The HCE design—a result of combining MacGregor and NMF’s experience in the heavy lift industry—covers lifting capacity up to SWL 1000 tonnes.By combining NMF crane house design principles with MacGregor high tensile steel experience, the weight of the HCE is significantly reduced. This has a major advantage for the…

08 Dec 2021

Zinus Develops New Shore Power Solution for Cruise Ships

Havnekraft AS wants to offer shore power to the cruise ships calling at GarpeskjĂŚrskaien in Haugesund and has given Zinus the task of developing the next generation shore power connection for these vessels. (Photo: Karmsund Port Authorities)

The Norwegian company Havnekraft has awarded Zinus a contract to develop and deliver a new and flexible shore power solution for cruise ships calling at Haugesund Cruise Port. Several international ports are also showing great interest in the solution.For several years, Zinus has offered the Shore Power Cruiser – a mobile and flexible system for transmitting high-voltage shore power to cruise ships and other large vessels. The company is now taking the technology one step further…

17 Sep 2020

Keppel: Converted FLNGs Have Smaller Carbon Footprint Compared to Newly Built Units

Hilli Episeyo - Credit: Keppel

Singapore's Keppel Offshore & Marine has said that converted FLNG vessels save approximately 33% of greenhouse gas (GHG) emissions compared to an FLNG new build, citing a study by environmental consultants, Environmental Resources Management (ERM).Commissioned by Keppel O&M, the study by ERM assesses the converted and new build FLNG across three stages of the project life cycle, namely the end of life of the LNG tanker, repurposing, or shipbuilding of the FLNG, and maintenance…

14 Jun 2018

Rotterdam Joins Start-ups for Port of the Future

The Port of Rotterdam Authority has signed partnership agreements with four recent participants in the annual PortXL innovation programme. The products developed by these promising start-ups range from compact tulip-shaped wind turbines to blockchain applications for freight tracking. Together with 10 other start-ups and scale-ups, these companies took part in this year’s PortXL innovation accelerator programme, which brings innovators from all over the world to Rotterdam to further develop their technologies. The participants presented their results today during a ‘Shakedown’ event in the former submarine wharf at RDM Rotterdam. Port Authority CEO Allard Castelein: “Rotterdam is a pioneering port.

01 Jun 2016

Can Domestic Shipping Become Our Industry’s Farmer’s Market?

Crowley Maritime Corp. recently took delivery of Louisiana, the third of four new, Jones Act product tankers being built for the company by Philly Shipyard, Inc. (PSI). These tankers are at the forefront of the industry for their potential future conversion to LNG propulsion. (Credit: Crowley Maritime)

Arriving at the Farmer’s Market this morning I made the decision to grill some hand cut rib eye with fresh vegetables and potatoes later that evening. I searched several of the local farm kiosks to find the mix I wanted and then reached into my pocket to pay for my choices. The price for all this local fare is not competitive with Cosco or Walmart, but I know the vegetables are organically grown without chemicals and the local beef is grass fed. The price point may not be right but the effort supports local business and the farmers who work hard to provide us sustainable products and quality.

13 Sep 2015

Caterpillar Again Named to Dow Jones Sustainability Indices

Caterpillar Inc. has been named to the 2015 Dow Jones Sustainability Indices (DJSI), recognizing Caterpillar as a sustainability leader in the Industrial Engineering sector. This marks the 16th time Caterpillar has been included in the DJSI list. The annual DJSI process involves a thorough analysis of corporate economic, environmental and social performance factors, assessing issues such as innovation management, supply chain management, climate strategy, product stewardship, labor practices and health and safety. “Sustainable products, services and solutions are very important to our employees and customers,” said Doug Oberhelman, Caterpillar Chairman and CEO. * Strong Code of Conduct, which names sustainability as a core value for the enterprise.

16 Sep 2014

Caterpillar Named to Dow Jones Sustainability Indices

Caterpillar Inc. has been named to the 2014 Dow Jones Sustainability Indices (DJSI), recognizing Caterpillar as a sustainability leader in the Industrial Engineering sector. This marks the 13th year for Caterpillar to be included in the list since DJSI debuted in 1999. The annual DJSI process involves a thorough analysis of corporate economic, environmental and social performance factors, assessing issues such as innovation management, supply chain management, climate strategy, product stewardship, labor practices and health and safety. “Caterpillar has been committed to sustainability for many years because we know we can be profitable while also best serving our customers and our people by promoting the common good,” said Doug Oberhelman, chairman & CEO of Caterpillar.

25 Oct 2013

Van der Velden in Pole Position for 'Ahoy Rotterdam 2013'

Image courtesy of Van der Velden

Van der Velden Maritime Systems will be showcasing a selection of their vessel propulsion products at upcoming 'Ahoy Rotterdam',  5-8, November 2013 at booth 1405 in Hall 1. The company has also been selected to participate in the Green Route. Van der Velden will present information, about its products including the Velden® FLEX tunnel manoeuvring and propulsion system, which is designed for inland and coastal ships, and offers tremendous advantages in the expansion of capacity, fuel consumption, speed and manoeuvrability.

22 Nov 2011

Wärtsilä to Acquire Hamworthy plc

BjÜrn Rosengren, CEO, Wärtsilä Corporation

Wärtsilä Corporation reached agreement with the Board of Hamworthy plc, a UK listed engineering company focussed on the marine and oil and gas sectors, in regards to a recommended cash offer for the acquisition of Hamworthy. Under the terms of the acquisition Hamworthy shareholders will receive 825 pence in cash for each Hamworthy share valuing Hamworthy's entire issued and to be issued share capital at approximately GBP 383 million. This represents an EV / LTM EBITDA multiple of 14.3x as per 30 September 2011. The acquisition is conditional on the approval by the shareholders of Hamworthy.

20 Oct 2011

Hapag-Lloyd Launches Emissions Calculator

The EcoCalc is one of the few emissions calculators in liner shipping to cover not only the ocean leg, but also the emissions of the other modes of transport for the pre-carriage and on-carriage. With the launch of the new EcoCalc, Hapag-Lloyd reports that it has become the first shipping company in the world to introduce an emissions calculator that not only shows CO2 emissions, but also those of sulphur dioxide (SO2), nitrogen oxide (NOx) and particulate matter (PM10) for a given container transport. In addition, EcoCalc is one of the few emissions calculators in liner shipping to cover not only the ocean leg, but also the emissions of the other modes of transport for the pre-carriage and on-carriage.