Amid increasing pressure on shipping to achieve the IMO 2050 decarbonisation targets, the Responsible Shipping Initiative (RSI) and DNV have completed a new study: 'Decarbonization of the short sea dry bulk fleet', co-funded by the Swedish Transport Administration....
Lloyd's Register (LR) has awarded Sanlorenzo approval for its methanol fuel cell system and type-C containment tank, designed to use methanol to supply power to onboard domestic electrical supply systems. Sanlorenzo will install the system on a 50m yacht newbuild, as...
Enova, a Norwegian government agency, has granted Viridis Bulk Carriers financial support of NOK 152m to help finance the construction of two ammonia-powered bulk carriers The investment grant is an important and necessary step to realise carbon free transportation...
Designer and manufacturer of the OceanWings wingsail solution for cargo ships, France-based Ayro, has closed a €19.2m (US$ 21m) Series B finance round, led by Blue Ocean, managed by SWEN Capital Partners, which brings the total funding for the Wind Powered...
Japan Suiso Energy, (JSE), and three Japanese shipping companies, Kawasaki Kisen Kaisha ('K' Line), Mitsui OSK Lines (MOL), and Nippon Yusen Kabushiki Kaisha (NYK), have agreed to join JSE Ocean, a subsidiary of JSE, which is working to establish a global supply chain...
Mitsui OSK Lines (MOL) has reached an agreement with two Malaysian companies, Petronas CCS Ventures, a wholly-owned subsidiary of Petroliam Nasional Berhad (Petronas) and MISC Berhad (MISC), a global provider of energy related maritime solutions and services. The...
GTT group company Ascenz Marorka's advanced weather routing solution has been selected by Clean Products Tankers Alliance (CPTA), part of Ultranav, to equip its entire fleet. CPTA is a Joint Venture between Austral Product Tankers, International Seaways and a leading...
Italian company specialising in integrated solutions for the sustainable conversion of maritime and land-based industries, Ecospray, has announced the finalisation of its first two Carbon Capture technologies for the maritime sector. The systems will be available on...
ABB is to deliver a comprehensive power, propulsion and automation system for two newbuild short-sea container ships for logistics company Samskip Group. The vessels will be among the first of their kind to use hydrogen as a fuel. Built by Cochin Shipyard Ltd, the...
The Maritime and Port Authority of Singapore (MPA) reports that it is working with the Port of Rotterdam (PoR) and 20 partners in the Green and Digital Shipping Corridor to reduce 20% to 30% of emissions from international shipping by 2030. This timescale was agreed...
US shipping company Crowley has partnered with BWX Technologies (BWXT), a US company involved in the nuclear industry, including supply of reactors for naval vessels propulsion, on a ship concept with onboard reactor that can supply zero-emission energy to remote...
The Port of Tyne, working with Connected Places Catapult and partners Arup, Lloyds Register, EDF R&D UK, Newcastle University and the North East LEP, has published the results of a feasibility study looking at the decarbonisation of the maritime industry through...
Major shipowners A.P. Moller-Maersk of Denmark and CMA CGM of France have decided to join forces on several areas relating to decarbonisation, in full compliance with all laws and regulations. As frontrunners of the energy transition in shipping, both companies are...
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