NISSEN KAIUN TAKES STAKE IN WAPS COMPANY

NISSEN KAIUN TAKES STAKE IN WAPS COMPANY

Japanese shipowner Nissen Kaiun has become a shareholder in Dutch wind-assisted propulsion system (WAPS) developer Econowind, a move said to highlight growing industry interest in fuel-neutral technologies. The Imabari-based shipping company, which operates a...
LR LAUNCHES BIOFUEL ADVISORY SERVICE

LR LAUNCHES BIOFUEL ADVISORY SERVICE

Lloyd’s Register (LR) has launched a new Biofuel Advisory service to help shipowners, fuel suppliers and producers adopt biofuels safely and at scale. According to LR, biofuels are emerging as one of the most proven and reliable alternative fuel options for reducing...
IMO NEEDS TO RETHINK NET ZERO – ABS

IMO NEEDS TO RETHINK NET ZERO – ABS

ABS has held a Sustainability Summit, at which it launched the seventh edition of its annual sustainability outlook report, which concludes that, despite progress on carbon intensity, shipping’s absolute emissions continue to climb. ABS Chairman and CEO Christopher J...