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Euronav Orders Two Suezmax Tankers from Daehan Shipbuilding
Oil tanker firm Euronav has ordered two Suezmax tankers from South Korea's Daehan Shipbuilding for an undisclosed fee.The vessels will be sister ships to Cedar (2022 -157,310 dwt) and Cypress (2022 – 157,310 dwt), built at the same yard. Both vessels are scheduled for delivery in the third quarter of 2024. "The vessels are the latest generation of eco-Suezmax tankers and are fitted with both Exhaust Gas Scrubber technology and Ballast Water Treatment systems.
Cruise Industry Making Headway Toward Net Zero
The global cruise industry continues to make progress as it works to achieve its goal of net-zero carbon cruising by 2050, though the need for development and deployment of sustainable marine fuels remains.The 2022 Global Cruise Industry Environmental Technologies and Practices Report from trade group Cruise Lines International Association (CLIA) reveals an increasing number of vessels launching over…
HydroMAR-E Named Winner of Dft's Clean Maritime Demonstration Competition Round 2
A new pathway toward a low-emission and ultimately a zero-emission future in shipping has recently been opened up through the market introduction of a mono-fuel Hydrogen version of the Recuperated Split Cycle Engine.The HydroMAR-E project is part of the Clean Maritime Demonstration Competition Round 2 (CMDC2) which was launched in May 2022, funded by the Department for Transport and delivered in partnership with Innovate UK.
Equinor Awards $235,6M in Offshore Vessel Deals
Equinor, a Norwegian oil company, said on Friday that it had recently awarded six offshore vessel contracts to five shipowners. The total value of the contracts, including options, is estimated to be more than NOK 2.5 billion ($235,6 million). The six platform supply vessels will be managed by Simon Møkster Shipping AS (Stril Luna & Stril Mar vessels), Island Offshore Management AS (Island Crusader vessel)…
Ukraine Grain Backlog Prompts UN Call for Faster Ship Checks
With nearly 100 grain-laden ships reaching towards the horizon off Istanbul, the U.N. official overseeing exports from Ukraine is asking Russia and other parties to end "full-blown" inspections of outgoing vessels to ease the backlog.Ukraine has exported more than 6.8 million tonnes of grain and other foodstuffs, about a third of its storage, since a sea corridor from the war-torn country opened in July.The U.N. says the safe passage deal signed by Moscow and Kyiv eased a global food crisis.
Shippers Focus on LNG, Biofuels, Methanol to Meet Emissions Targets
Shipping and commodities firms will commission more ships partly powered by liquefied natural gas (LNG) next year while ramping up trials for biofuel bunkering as they seek to cut emissions from ship operations, senior executives said this week.The shipping industry is seeking to reduce its reliance on oil as it tries to meet carbon emission reduction targets set out by the U.N.'s International Maritime…
Volvo Penta and CMB.TECH Partner on Dual-fuel Hydrogen Engines
Volvo Penta and CMB.TECH announced they are working together to accelerate the development of dual-fuel hydrogen-powered solutions for both on land and at sea applications.CMB.TECH owns, operates, and designs large marine and industrial applications powered by hydrogen and ammonia – fuels that it both manufactures and supplies to its customers. Volvo Penta is a manufacturer of engines and complete power systems for boats, vessels and industrial applications.
Cargill Seeks to Boost Ships' Use of Biofuel, Methanol to Cut Emissions
Cargill seeks to boost its use of biofuels in a bunkering trial and plans to order methanol-fuelled ships as part of its plans to cut emissions, a senior executive of the global commodities trader said on Wednesday.One of the world's biggest ship charterers, Cargill has been testing the operational performance of biofuels in its vessels since the start of the year as it steps up efforts to go green.
PTT, AET Pen MoU to Build Zero-emission Aframaxes
Thai national energy company PTT and tanker operator AET have signed a Memorandum of Understanding (MOU) for the development and construction of two zero-emission Aframaxes to be powered by green ammonia.Jointly, PTT and AET working to encourage the use of green ammonia as a main propulsion fuel. AET will select a suitable shipyard and the two zero-emission dual-fuel tankers are to be delivered to PTT for long-term charters in Q4 2025 and Q1 2026 respectively.Disathat Panyarachun…
Partners Awarded $50 Million to Create Clean Hydrogen Cluster in South Louisiana
The U.S. Economic Development Administration (EDA) earlier this month awarded a $50 million federal grant to H2theFuture, a 25-organization partnership aiming to develop a new energy cluster in South Louisiana, spanning the clean hydrogen life cycle, from R&D at Louisiana universities, to an end-use project at the Port of South Louisiana.The award is one of 21 projects from around the country chosen…
Mitsubishi to Team Up with Port of Corpus Christi on US Ammonia Plant
Japanese trading company Mitsubishi Corp said on Wednesday it had signed a memorandum of understanding (MoU) with the Port of Corpus Christi Authority of the United States to collaborate on large-scale production facility of fuel ammonia in Texas.The move comes as part of Mitsubishi's efforts to create global supply chains of the clean fuel to help Japan's and other Asian countries' attempts to combat climate change…
ClassNK Grants AIP for NYK's Ammonia Bunkering Vessel
Classification society ClassNK announced it has issued an approval in principle (AIP) for an ammonia bunkering vessel (ABV) developed by Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK Line).The ABV developed by NYK Line will be used as a bunkering vessel for ammonia-fueled vessels, which are expected to be widely used from the late 2020s. The company has developed its own design drawings…
ADNOC to Supply First LNG for RWE's Floating LNG Import Terminal at Brunsbüttel
German utility RWE has signed a deal with Abu Dhabi National Oil Company (ADNOC) to deliver liquefied natural gas to Europe's largest economy by the end of December, RWE announced on Sunday.Though the initial amount to be delivered is relatively small, it's a politically significant deal to shore up supplies of gas from outside of Russia as Chancellor Olaf Scholz seeks to deepen ties with the Gulf and find alternative energy sources.The deal…
Canada and UAE First to Back Maritime Green Fuel Initiative
Canada and the United Arab Emirates (UAE) are among the first countries to back a new initiative aiming to advance the production, export and import of low-carbon fuels for shipping.The International Chamber of Shipping (ICS) and International Association of Ports and Harbors (IAPH), along with the CEO-led Clean Energy Maritime Taskforce, unveiled the ‘Clean Energy Marine Hubs Initiative’ on Friday at the Clean Energy Ministerial (CEM) in Pittsburgh.
Molten Salt Reactors: Maritime’s Nuclear Option
A race is being run by nuclear scientists and ship designers. The prize? “Decarbonization’s” holy grail — believed to be a “small” thorium-fueled, molten-salt rector’s unlimited power to propel sea trade. At the same time, a recently revived discussion among leading marine-nuclear thinkers revolves now around how to put an ultra-modern, as-yet non-existent marine reactor aboard a modern commercial vessel.
Partners Plan Cargo Ship That Runs on Green Ammonia
A team of Finnish maritime industry partners are developing plans to build a cargo vessel that runs on green ammonia.Shipping company Meriaura, technology company Wärtsilä and green energy project development company Green NortH2 Energy signed a letter of intent (LOI) to develop the cleaner-burning vessel, which will be ordered and operated by Meriaura and equipped with Wärtsilä’s modular multifuel main engines.
Amogy Ammonia-to-power System Receives LR Approval in Principle
Brooklyn, N.Y.-based Amogy said its ammonia-to-power system has received approval in principle (AIP) from classification society Lloyd’s Register, marking a key step toward the zero-emission solution's commercial use in maritime vessels. The system cracks liquid ammonia to hydrogen, which is then used to generate electrical power through proton-exchange membrane (PEM) fuel cells.With the AIP in hand…
ClassNK, Maersk Training in Offshore Wind Workforce Training Pact
Japanese ship classification society ClassNK has signed a Memorandum of Understanding with Maersk Training A/S regarding training for offshore wind farm operators and education for alternative fuel ship crews."With the signing of the MOU, the two parties will cooperate proactively towards enabling high-quality training which satisfies the international standards to be provided and thus a competent…
Hydrogen One: Innovative Towboat Set to Shake Things Up in the US
Rarely does a vessel come along with the potential to radically change the way an industry operates, but one such vessel is set to hit the water in 2023.This new vessel, a towboat named Hydrogen One, is being developed by Louisiana-based Maritime Partners, the largest lessor of marine equipment in the U.S. It will be the first of its kind globally to run on emissions-reducing methanol-to-hydrogen generator…
Exmar Pens LNG Carrier Deal with Eni. Closes Tango FLNG Sale
Belgian shipowner Exmar said on Friday it had signed a 10-year charter deal for the liquefied natural gas (LNG) vessel Excalibur with Eni as the Belgian shipowner…