TotalEnergies has signed a charter contract with Spanish shipowner Ibaizabal for a new LNG bunker vessel of 18,600m3 capacity. This new vessel will expand the Company’s global presence in bunkering hubs. One possible location for the vessel to be deployed is Oman,...
According to Japanese shipping group NYK, the introduction of new marine fuels necessitates testing and analysis which previously had to be carried out at external engine facilities, in addition to trial operations, all of which would require about two years to...
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A project assessing the technical feasibility of onboard carbon capture and storage (OCCS) in the shipping sector, carried out by the Oil and Gas Climate Initiative (OGCI), the Global Centre for Maritime Decarbonisation (GCMD) and Stena Bulk together with a consortium...
The UK Chamber of Shipping has outlined a roadmap for the UK shipping industry to reach net zero by 2050, with a proposed £700m investment in the upcoming budget to help make the UK a hub for clean shipping. Key to this plan is cooperation between the industry and...
The Panama Canal Authority ordered 10 hybrid tractor tugboats from European shipbuilder, Astilleros Armón, with options for another 10 similar vessels, and Corvus Energy will supply the battery systems for the vessels. The shipbuilding contract is valued at US$ 150m...
Caterpillar Marine says it has achieved significant advances in the development of its methanol dual-fuel Cat 3500E marine engines, having concluded a Memorandum of Understanding with Damen Shipyards Group, planning to deploy the first set of field demonstrator 3500E...
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Damen Shipyards has signed a contract to build a new Fast Ferry 4212 (FFe 4212) for South Korean ferry operator KT Marine. ACcording to the Dutch shipbuilder, the contract signifies the continuing success of not only Damen’s standing in the South Korean ferry sector,...
Former Ulstein CEO Gunvor Ulstein, who in November 2023 returned to Ulstein Group as acting CEO, has had her position confirmed at a recent Ulstein Group board meeting. Tore Ulstein, Chair of the Board, Ulstein Group, said: "Gunvor Ulstein represents the third...
The design of a Kamsarmax bulk carrier, jointly developed by Sumitomo Corporation and Oshima Shipbuilding and intended to use ammonia fuel, has achieved an Approval in Principle (AiP) from classification society DNV. The AiP confirms that the vessel design meets the...
ABS and the Suez Canal Authority (SCA) have signed a Memorandum of Understanding (MoU) to develop a long-term sustainability roadmap and decarbonisation strategy for the canal, one of the world’s busiest shipping routes. The MoU will see ABS and SCA work together on...
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Swiss high-power turbocharger company Accelleron Industries' spin-off from ABB has been successfully completed, and its shares have been admitted to start trading on the Swiss Exchange in Zurich. The stock exchange listing follows the approval by ABB...
Sea-LNG, the industry coalition established to demonstrate the benefits of the LNG fuel pathway for shipping’s decarbonisation, has announced that US provider of ocean transportation and logistics services, Matson, is the latest organisation to join its membership....
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