Sustainable Products News

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…

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…

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.

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.

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…

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…

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…

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…

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.

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.

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.

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.

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.

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.

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.