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Region in Focus: Norway’s West Coast Shipping Tech Hub
Two load-bearing pillars of Norway’s leading maritime industry cluster in Sunmøre on the country’s west coast – offshore energy and the expedition cruise sector – took severe knocks from plunging energy prices in the 2010s followed by COVID-19. However, a recent tour of the region found the cluster in recovery mode.At the time, the cluster’s diversification strategy was to dive into the emerging expedition cruise sector: small…
Pacific Basin Chooses Methanol as Preferred Fuel
Hong-Kong-headquartered dry bulk shipowner Pacific Basin Shipping said it sees methanol as its best option as it pursues commercially viable zero-emissions vessels.In May 2022…
High LNG Prices Spur Demand for Dual-fuel Tankers - Executive
Even as liquefied natural gas (LNG) is seen as a key transitionary fuel for bunkering, soaring prices of the super-chilled fuel have led to higher demand for ships with dual-fuel tankers, said an industry executive. The global 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 Organization. These include cutting carbon emissions by 40% from 2008 levels by 2030…
Idled St. Croix Refinery Risks Explosion, 'Catastrophic' Releases
Equipment corrosion at an oil refinery in the U.S. Virgin Islands presents a risk of fire, explosion or other "catastrophic" releases of hazardous substances, U.S. environmental regulators said on Tuesday, after performing an inspection last month.The idled St. Croix refinery, formerly called Limetree Bay, was shut down by the U.S. Environmental Protection Agency in May 2021 after a series of chemical releases into the environment sickened neighboring residents.
ICS Proposes Fund to Reward Use of Low Emission Fuels
A new plan proposed by the International Chamber of Shipping (ICS) aims to reward ships and energy producers that invest in low/net zero emission fuels.The organization, which represents 80% of the world’s merchant fleet, on Tuesday said it send a notice to UN regulator the International Maritime Organization (IMO) proposing a "fund and reward" system to catalyze the adoption of alternative fuels,…
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.