BIMCO ADDS FuelEU MARITIME AND ETS CLAUSES TO SALE AND PURCHASE AGREEMENTS
The Documentary Committee of BIMCO has adopted a FuelEU Maritime Clause and an ETS Clause for incorporation into Memoranda of Agreements (MoAs) for the sale and purchase of ships. The FuelEU Maritime Regulation and the EU Emissions Trading System (EU ETS) can impact...
GERMAN GREEN HYDROGRAPHIC PAIR TO BE BUILT IN SPAIN
Spanish shipyard Astilleros Gondan has been awarded the contract to build two new research vessels commissioned by the Bundesamt für Seeschifffahrt und Hydrographie (BSH), the federal agency responsible for maritime safety and nautical cartography in Germany. The...
METHANOL-FUELLED NEWCASTLE-IJMUIDEN GREEN CORRIDOR COULD CUT GHG BY 80%
A new report has found that adopting methanol as the primary fuel for voyages between the Port of Tyne, Newcastle and Port of IJmuiden, Amsterdam could avoid up to £420m in future regulatory costs and deliver an 80% reduction in GHG emissions. The study, led by...
ABB PROPULSION FOR SOUTH KOREA’S FIRST STATE-OWNED ELECTRIC FERRY
Demonstrating what is seen as a significant advance in South Korea’s strategy for maritime decarbonisation, Busan Port Authority (BPA) has officially launched the first state-owned all-electric ferry, with the end-to-end electric power and propulsion system supplied...
NEW GUIDELINES FOR AMMONIA CARGO AS FUEL
Lloyd’s Register (LR), Exmar and the Belgian Federal Public Service for Mobility and Transport (FPS) have helped to develop interim guidelines to enable the safe use of ammonia cargo as fuel on gas carriers FPS, with support from LR and Exmar, led work to secure an...
GRIEG GROUP INVESTS IN WAPS DEVELOPER
GT Wings, a UK-based wind propulsion company developing the AirWing Jet Sail system, has announced the close of a significant investment round led by Grieg Kapital, the investment arm of Norway’s Grieg Group. Grieg Kapital is investing alongside other investment...
MOL MOVES TO ESTABLISH BIOFUEL SUPPLIES
Mitsui OSK Lines has announced an agreement with China’s largest fuel supplier Sinopec and Marubeni Corporation, which holds the top share in the marine fuel sales market for Japanese shipowners in China, to establish a long-term supply system for marine...
WSC PROMOTES SUSTAINABLE OCEAN SHIPPING AT THE UN
The World Shipping Council (WSC) has joined political leaders and transport industry representatives at the United Nations launch of the Decade of Sustainable Transport, highlighting the essential role of ocean shipping in cutting emissions across global supply...