Refit News

FEET becomes first fund to adopt updated Singapore-Asia Taxonomy, linking financing for vessel efficiency technologies to independently verified fuel and emissions savings.Singapore has taken another step toward accelerating maritime decarbonization, with the Fund for Energy Efficiency Technologies (FEET) becoming the first investment fund to adopt the revised Singapore-Asia Taxonomy for Sustainable Finance (SAT), establishing a framework to direct capital toward vessel retrofits…

Thordon Bearings won a contract to convert the rubber tailshaft bearings across an entire fleet of Panama-operating tugs, pilot vessels, and workboats to water-lubricated polymer bearings.The agreement with the unnamed operator follows the retrofitting of Thordon’s SXL tailshaft bearings to 12 of its twin-screw tugs last year during scheduled dry dockings.The remaining 32 vessels will now be converted in batches at planned maintenance intervals over the next four years.For the first batch of retrofit conversions…