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Outlook for Black Sea Grain Deal is 'Not So Great', Kremlin Says
The Kremlin on Wednesday said the outlook for the landmark U.N.-brokered Black Sea grain deal was not great as promises to remove obstacles to Russian agricultural and fertilizer exports had not been fulfilled.The grain deal is an attempt to ease a food crisis that predated the Russian invasion of Ukraine, but has been made worse by the most deadly war in Europe since World War Two.The agreement was first signed by Russia…
Russia Warns West: We May Work Around the Black Sea Grain Deal
Russia warned the West on Friday that unless obstacles to its exports of grain and fertilisers were removed, then Ukraine would have to export grain over land and Moscow would work outside the UN-brokered landmark grain export deal.The Black Sea grain deal is an attempt by the United Nations to ease a food crisis that predated the Russian invasion of Ukraine, but was made worse by the most deadly war in Europe since World War Two.The deal…
Ammonia Bunkering Study Kicks Off in Savannah
An international group of maritime industry partners are conducting a feasibility study with the aim to establish a commercially viable green ammonia ship-to-ship (STS) bunkering network on the U.S. East Coast.The study, to be carried out at the Port of Savannah in Georgia, will cover the entire end-to-end supply chain of ammonia bunkering, which includes the development of a cost-effective green ammonia supply chain…
MacGregor to Equip Grimaldi's New Car Carriers
MacGregor, part of Cargotec, has received a repeat order with a total value of more than €20 million for comprehensive packages of RoRo equipment for a total of five Pure Car and Truck Carriers (PCTC) vessels. These vessels will be built at China Merchant Heavy Industries for Grimaldi Group. This deal will extend MacGregor’s supply of RoRo equipment from five to ten of Grimaldi’s new PCTC vessels.The orders were booked into Cargotec’s 2023 first quarter orders received.
Ammonia-powered Tug Conversion Underway
A first-of-its-kind ammonia-powered, zero-emission tugboat will be put to the test by Brooklyn, N.Y-based startup Amogy in late 2023.Having already successfully demonstrated its technology on an aerial drone, tractor and semi-truck, the ammonia power solutions company revealed in early March that it is retrofitting a scaled up 1-megawatt (MW) version of its ammonia-to-power system onto a tug at Feeney Shipyard in Kingston, N.Y.
Survitec Snags Cruise Contract for Nitrogen IG System
Maritime Protection, a brand of Survitec, won an order for a set of nitrogen systems for installation on an LNG-powered cruise ship. The scope of supply is for two nitrogen generators, feed-air compressors, valves, and control cabinets. Scheduled for delivery in 2025, the 51,950-gt newbuild is the first cruise ship for this Japanese owner to be built in Europe. There is an option for a second vessel.
WinGD to Deliver Methanol Engines for COSCO Containerships
WinGD will supply 10X92DF-M methanol-fuelled engines to four 16,000 TEU container vessels to be built for COSCO SHIPPING Lines at COSCO Shipping Heavy Industry (Yangzhou) Co. Ltd. These vessels will be delivered from 2025 and will feature WinGD’s first X92DF-M engines in China. The methanol engines will be delivered from engine builder CSSC CMD in Shanghai, which is jointly developing the engines with WinGD.
ADNOC Eyes June Listing of Marine & Logistics Unit
State oil giant Abu Dhabi National Oil Co (ADNOC) plans to float its marine and logistics subsidiary in the coming months, two sources said, the second initial public offering of one of its businesses this year.ADNOC, which raised $2.5 billion from listing its gas business in March, is gearing up for a June listing of ADNOC Logistics & Services (ADNOC L&S), said the sources, declining to be named as…
Ammonia Startup Amogy Raises $139 Million
Brooklyn, N.Y. startup Amogy on Wednesday announced it has raised $139 million to begin manufacturing its ammonia-to-power technology and bring its first product to market in 2024.The Series B-1 fundraising round was led by SK Innovation, joined by other global investors including Temasek, Korea Zinc, Aramco Ventures, AP Ventures, MOL PLUS, Yanmar Ventures, Zeon Ventures and DCVC. “We are working from a place where we have no doubt that our technology will change the world…
LR Awards AIP for Rotoboost’s Pre-combustion Carbon Capture System
Classification society Lloyd’s Register (LR) said it has awarded approval in principle (AIP) to Rotoboost, a Nordic hydrogen production company, for its pre-combustion Carbon Capture System (CCS) Rotobox. Rotobox uses thermocatalytic decomposition process (TCD) onboard marine vessels, where part of the natural gas fuel supply is converted into hydrogen and graphite with a liquid catalyst.The TCD process significantly reduces CO2 emissions…
UAE's Fujairah Needs to Step Up Investments for New Bunker Fuels -Execs
UAE's Fujairah must step up investments for storage and supply of new alternative fuels as these markets are still lacking traction at the world's third-largest bunkering hub despite the urgency for maritime decarbonization, industry executives said on Wednesday.The maritime industry must seek out alternative fuels to meet carbon emission reduction targets set out by the U.N.'s International Maritime Organization…
ONE Orders 10 Containerships
Japanese shipping company Ocean Network Express Pte. Ltd (ONE) on Wednesday announced it has ordered 10 new 13,700 TEU vessels for delivery in 2025 and 2026, adding more tonnage to the industry's crowded containership orderbook.ONE, which is jointly owned by the Japanese shipping lines Nippon Yusen Kaisha (NYK), Mitsui O.S.K. Lines (MOL), and Kawasaki Kisen Kaisha ("K" Line), did not reveal financial…
Dredge Firms Focus on Sustainability as ESG Issues Climb Agenda
Climate change, rising sea levels, land reclamation and offshore energy are all factors underpinning business models at Europe’s dredge and marine engineering majors. They are adopting strong sustainability credentials as their operations come under closer environmental, social, governance (ESG) scrutiny and new opportunities open up in the US offshore wind sectorThe relatively small number of global…
NH3 FPSO Concept: Floating 'Green' Ammonia Production gets DNV AIP
An industrial-scale concept for a floating production unit to produce green ammonia has secured Approval in Principle (AiP) from DNV, and the project is now ready to start the Basic Design phase.The NH3 FPSO concept is being developed by Netherlands-based SwitchH2 BV and Norway-based BW Offshore and will be built through conversion of an existing Very Large Crude Carrier (VLCC) or a dedicated newbuild vessel.
Alaska's Qilak LNG Targets Asia with $5B Project to Compete with Russia
Qilak LNG plans to invest $5 billion in a proposed liquefied natural gas (LNG) facility in Alaska's North Slope to compete with Russia's Yamal project for Asian customers towards the end of this decade, its chief executive said. Major LNG importers such as Japan, South Korea, and Taiwan are rethinking Russian supplies after sanctions on Moscow after it invaded Ukraine and more natural gas could be…
Amogy Reveals Details for Ammonia-powered Tug Conversion
Ammonia power solutions company Amogy on Monday said it plans to unveil a first-of-its-kind ammonia-powered, zero-emission tugboat in late 2023.The Brooklyn, N.Y-based company revealed during CERAWeek 2023 that it is retrofitting a 1-megawatt version of its ammonia-to-power system onto a 1957-built tug at Feeney Shipyard in Kingston, N.Y. Amogy’s ammonia-to-power technology feeds liquid ammonia through…
Design Profile: Glosten's SA-100 Methanol-hybrid Tug
The commercial maritime industry is seeking solutions to improve efficiency and reduce emissions, and a wide range of new solutions are coming to market to answer the call. Among these is a new design for a methanol-hybrid tug from naval architecture and marine engineering firm Glosten. The SA-100, developed in collaboration with systems integrator ABB, is a high-powered tug with 90-ton bollard pull that’s “intended to give operators a means to improve environmental performance…
Japan to Promote Gas, LNG, Hydrogen During G7 Presidency
Japan will stress the importance of investment in natural gas, liquefied natural gas as well as cleaner fuels such as hydrogen and ammonia during its presidency of the G7 this year, a source said, but would keep it clean to meet 2050 carbon neutral goal.Japan, president of the rich-country grouping for 2023, will hold a ministerial meeting on climate, energy and environment in the city of Sapporo on April 15-16…
Cargill Testing New Sail Technology for Cargo Ships to Cut Emissions
Cargill, one of the world's biggest ship charterers, is stepping up a push to resurrect wind power for cargo ships as the agricultural commodities group moves to cut emissions from its chartered fleet, a top executive said.With about 90% of world trade transported by sea, shipping accounts for nearly 3% of the world's CO2 emissions, yet environmental campaigners say regulatory efforts by the sector…
AET and PTLCL Sign MOU for Zero-emission Aframax
Tanker operator AET announced it has signed a memorandum of understanding (MOU) with Malaysia's PETCO Trading Labuan Company Ltd (PTLCL) to explore a potential collaboration to deploy a future zero-emission Aframax tanker powered by green ammonia.AET said it would be responsible for selecting a suitable shipyard to build the net zero-emission dual-fuel tanker, which would be delivered to PTLCL for long-term charter by 2026.The companies also intend to collaborate on the design…
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