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Gearbulk Orders Ammonia/Methanol-ready Bulk Carriers
Gearbulk announced it has signed a contract for delivery of up to four ammonia/methanol-ready, 82,300 dwt open hatch newbuildings. The contract is firm for two vessels, with an option to purchase a further two.The Swiss-headquartered company said it has secured financing for the vessels, and CSSC Huangpu Wenchong Longxue shipyard will deliver the first two vessels in the first half of 2027.âThis contractâŠ
DNV: Five Alternative Fueled Vessels Ordered in March
According to the latest figures from DNVâs AFI platform, five new orders for alternative fueled vessels were confirmed in March 2024: two methanol, two ammonia and one LNG.Although this was a quiet month for the ordering of alternative fueled vessels, the overall trend remains strong, says DNV. For the first three months of 2024, 68 orders for alternative fueled vessels were made, compared to 44 in the first three months of 2023âŠ
ITOCHU Working with Amogy to Explore Ammonia Fuel for Vessels
Ammonia-to-power solutions provider Amogy announced it has signed a memorandum of understanding (MOU) with Japan-based global trading and import/export company ITOCHU Corporation to explore the potential application of Amogyâs technology on ITOCHUâs maritime vessels.Amogy has developed a modularized system that transforms liquid ammonia into electrical power. This innovative technology involves âcrackingâ liquid ammonia into its base elements of hydrogen and nitrogen.
Wärtsilä to Deliver Its First Ammonia Ship Engine in Early 2025
Ship engine manufacturer Wärtsilä expects to deliver its first ammonia-fueled engine on a new vessel in early 2025, with more widespread sales expected in the 2030s, a company executive told Reuters.Ammonia is among several alternative fuels that shippers are exploring to reduce carbon emissions.The company launched its first ammonia four-stroke engine for orders in the fourth quarter last year, with the first such engine to be delivered early next year on a vesselâŠ
DNV Approves Bergen Enginesâ Methanol-Ready Notation
Norwegian power solutions provider Bergen Engines has secured DNVâs approval of its methanol-ready statement for marine engines.According to Bergen Engines, methanol will be an important fuel option for marine applications and is currently adapting research accordingly, with the maritime industry in focus.Methanol, a versatile and sustainable fuel when produced from renewables, offers numerous advantages for Bergen medium-speed enginesâŠ
Hans Olav Raen Appointed CEO of Yara Clean Ammonia
Hans Olav Raen has been appointed CEO of Yara Clean Ammonia effective May 1, 2024.Raen has until now been Business Director and heading OCIâs fertilizers business in Europe. He has more than 25 years of experience in the fertilizer industry, including 12 years with Norsk Hydro and Yara International (between 1997 and 2009), where he held commercial and managerial roles in Europe and Africa.Raen holdsâŠ
Shipping Industry Faces Fuel Dilemma in Bid to Cut Emissions
The shipping industry is under increasing pressure to decarbonize, but unclear regulatory guidelines, including around what sorts of cleaner fuels large vessels should run, is complicating that path to net zero, according to executives.Global shipping firms are looking for ways to lower their carbon footprints, particularly as the International Maritime Organization (IMO), which regulates the global shipping industryâŠ
Norway Approves Ammonia Bunkering Terminal
The Norwegian Directorate for Civil Protection gave their approval to the construction of the planned ammonia bunkering facility at Fjord Base in Florø, Norway.The planned terminal consists of a floating stationary barge with a capacity of 1,000 cu. m. (650 tons) of ammonia. The permit allows for up to 416 operations annually, many of these expected to be bunkering operations for offshore supply vesselsâŠ
Amogy, W-Industries Enter Tech & Engineering Partnership
Ammonia-to-power solutions provider Amogy announced it has signed a Memorandum of Understanding (MOU) with W-Industries, a provider of engineering, technology, manufacturing, construction and services, to explore opportunities for technology and engineering collaboration.Tailored for industries such as maritime shipping and power generation, Amogyâs ammonia-to-electrical power system splits, or âcracksâŠ
Itochu, U-Ming Mull Ammonia-Fueled Ships
Japanese trading house Itochu Corp will study joint ownership and operation of ammonia-fueled ships with Taiwan's U-Ming Marine Transport Corp, Itochu said in a statement, as Japan is bets on ammonia to cut emissions.The shipping industry transports about 90% of world trade, and accounts for nearly 3% of the world's carbon dioxide emissions; and installing ship engines that burn cleaner fuels couldâŠ
Report: Sustainable Shipping Fuels Can Reach Cost Parity by 2035
Sustainable shipping fuels could reach cost parity with fossil fuels as early as 2035 with the help of decisive emissions policy such as carbon taxes and emissions limits, according to a new report launched by Wärtsilä.The report, titled âSustainable fuels for shipping by 2050 â the 3 key elements of successâ, states that the EU Emissions Trading Scheme (ETS) and FuelEU Maritime Initiative will see the cost of using fossil fuels more than double by 2030.
Green Ships ePSV to Feature Amogyâs Ammonia-to-power System
Green Ships Invest has signed a contract to purchase of Amogyâs carbon-free ammonia-to-electrical power systems for a fleet of new environmentally friendly platform supply vessels (PSV). Green Ships, which is designing/procuring so-called ePSVs (electrical PSVs), had signed a memorandum of understanding (MOU) with Amogy in October 2023.Under the newly signed contract, Green Ships Invest will designâŠ
Siemens and NVIDIA to Build Industrial Metaverse
Siemens is bringing immersive visualization powered by new NVIDIA Omniverse Cloud APIs to the Siemens Xcelerator platform, driving increased use of AI-driven digital twin technology and creating an industrial metaverse.âWe will revolutionize how products and experiences are designed, manufactured and serviced. On the path to the industrial metaverse, this next generation of industrial software enables customers to experience products as they would in the real world: in contextâŠ
Pressure Builds for Charge on Shipping Sector's CO2 Emissions
The European Union, Canada, Japan and climate-vulnerable Pacific Island states are among 47 countries rallying support for a charge on the international shipping sector's greenhouse gas emissions, documents reviewed by Reuters showed.The documents, being discussed at an International Maritime Organization (IMO) meeting now entering a second week, outline four proposals with a combined 47 backers forâŠ
Fortescue Conducts World's First Ammonia Bunker Trial in Singapore
Fortescue has conducted the world's first ammonia marine bunker operation in the port of Singapore, the city-state's Maritime and Port Authority (MPA) and the Australian mining company said on Friday.The Singapore-flagged Fortescue Green Pioneer was loaded with liquid ammonia from an existing facility at Jurong Island's Vopak Banyan Terminal for the trial, Fortescue and MPA said in a joint statement.The vessel is dual-fuelled and can adopt ammonia for bunkering in combination with diesel.
MAN Energy Solutions Delivers First Ever Ammonia-Ready SCR to Mitsui
MAN Energy Solutions has announced the production of a massive Cluster 5 Double Layer Selective Catalytic Reduction (SCR) converter to MITSUI E&S.The cluster comes ammonia-ready and is the largest such unit that the company has ever built.Such systems are typically used aboard cruise ships and cargo ships to reduce nitrogen oxide emissions by 90%.âAs the very first SCR for an ammonia engine anywhere in the world, this is a historic moment.
Updated Framework Released for Comparing Decarbonization Technologies
The Maritime Technologies Forum (MTF) has released an updated Framework for Assessing Decarbonization Technologies and Alternative Energy Carriers and a comprehensive assessment on the maturity and readiness of alternative fuel options, expanding the number of evaluated fuels covered since the previous heatmap report issued in November 2022.The assessment applied MTFâs recently updated framework to an expanded set of eight fuelsâŠ
OpEd: Focusing on Green Fuels Takes the Focus Off Shipping's Major Problems
Shipyard order books show that more and more ships are being built that can run on methanol or liquified natural gas (LNG). Major shipping companies are investing in green fuels for their fleets, and researchers around the world are working intensely to find new solutions that can make the shipping industry greener.This is all good news that strengthens the belief that shipping is reducing its emissions of greenhouse gases, among others.
Hanwha Launches New Affiliate Rounding Off Its Total Shipbuilding Solutions Capabilities
With the launch of Hanwha Engine, South Koreaâs shipbuilder Hanwha has become fully equipped to provide total shipbuilding solutions, including engine production with in-house manufacturing and technology capabilities.Hanwha has officially launched its new affiliate, Hanwha Engine, after successfully acquiring HSD Engine, the worldâs second-largest marine engine company in terms of market share.According to the companyâŠ
Berge Bulk Orders Ammonia-fueled Newcastlemax Pair
Berge Bulk informs it has placed an order for two ammonia dual fuel vessels from China's Qingdao Beihai Shipbuilding Heavy Industry as part of a push by the dry bulk shipowner to decarbonize its operations.The two 210,000-DWT Newcastlemax vessels will meet the International Maritime Organization's (IMO) Tier III NOx (nitrogen oxides) standards and Energy Efficiency Design Index (EEDI) Phase 3 complianceâŠ