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Leakage-free Methanol Pumps enable Safe Alternative Fuel Solutions

Safe and efficient DESMI mag-drive centrifugal pumps enable leakage-free methanol fuel systems for ships, reducing vessel carbon emissions and climate impact. With every year that passes, emission regulations tighten in the shipping industry. Shipowners who want to stay in business need to look for ways of reducing carbon emissions to comply with the targets defined in the IMO GHG Strategy and other regulations. A promising but toxic alternative Running on alternative fuels is one of the most effective ways of reducing emissions. Methanol provides several key benefits as a shipping ...

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HD Korea Shipbuilding achieves 34% of annual orders

HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE), the intermediate holding company of HD Hyundai Group, has surpassed 30 percent of its annual shipbuilding order target in just one month. The company’s leading position is attributed to its significant dock holdings and extensive shipbuilding capacity, coupled with a wealth of experience in constructing vessels for the recently emerging category of Very Large Ammonia Carriers (VLAC). According to sources on Monday, HD KSOE secured a contract on February 1 with Greek company Capital Gas for the construction of two liquefied ...

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China Monopolizes Orders for Methanol-Powered Ships, Gaining Ground on Korean Shipbuilders

Chinese shipyards are sweeping up orders for methanol-powered ships, an eco-friendly, low-carbon type of vessel, as South Korea’s shipbuilding industry seeks to take orders for high-value vessels. In particular, China is expanding orders based on its capacity to produce and supply methanol, raising concerns that China will catch up with South Korea, which is still ahead of China in building capacities and technology. Chinese shipbuilders won orders for a total of 18 methanol-powered ships in January this year, according to Clarkson Research, a British shipbuilding and shipping market analyst. By ...

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NGO Shipbreaking Platform: 446 Ships Sold for Scrap in 2023

According to new data released today by the NGO Shipbreaking Platform, 446 ocean-going commercial ships and offshore units were scrapped in 2023. The vast majority, 325 ships in total, were taken apart on a beach in Bangladesh, India or Pakistan. Most vessels scrapped originally belonged to shipping companies in East Asia and Europe. “There is no possibility to take apart a ship on a beach in a way that is environmentally sustainable and safe for workers,”says Ingvild Jenssen, Executive Director of the NGO Shipbreaking Platform. “Shipping companies are dodging their ...

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Financing zero-emission vessel shipbuilding in China

China’s role as the world’s leading shipbuilder is crucial in the global transition to zero-emission vessels (ZEVs). There is widespread agreement that ZEVs must begin operating on deep-sea routes by 2030 if the shipping industry is to help keep global warming well below 2°C. However, little information is available about the costs of ZEV shipbuilding and policies that would support ZEV adoption. This paper quantifies the additional cost of constructing ZEVs compared to conventional ships and evaluates how carbon pricing could help finance ZEVs in China. The analysis shows how ...

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GTT, TotalEnergies, LMG Marin and Bureau Veritas reach a new milestone in liquefied hydrogen transport

On the occasion of the Hyvolution Summit 2024 trade show, GTT, TotalEnergies, LMG Marin and Bureau Veritas announced the success of their Joint Development Project (JDP), which resulted in two Approvals in Principle (AIP) from Bureau Veritas. The first approval concerns the design of a cryogenic membrane containment system for liquefied hydrogen (LH2) developed by GTT. The second is for the preliminary design of a 150,000 m3 Large-Scale LH2 Carrier equipped with the GTT containment system. These approvals are part of the JDP announced in April[1] 2023, paving the way ...

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Singapore’s Keppel annual profit quadruples on marine unit sale

Singapore’s Keppel (OTC:) posted a more than four-fold rise in its full-year profit on Thursday, primarily bolstered by a one-off gain from the divestment of its offshore and marine (O&M) unit. Keppel, which was founded 56 years ago and traces its roots to a shipbuilding yard, recorded a S$3.3 billion ($2.46 billion) gain after the disposal of its O&M business last February. The sale, along with strong performances at its infrastructure segment helped Keppel post a record full-year net profit of S$4.07 billion, compared with a profit of S$927 million ...

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Deltamarin Signs A Design Contract For The 13th E-Flexer RoPax Vessel

Deltamarin has signed a design contract with China Merchants Jinling shipyard (Weihai) for the complete basic and detail design of a new RoPax vessel. The new RoPax is the 13th vessel in the Stena RoRo’s E-Flexer series and is the first to be delivered to the Mediterranean region. Corsica Linea will charter the vessel for operation on Marseille – Corsica route from Stena RoRo, with a purchase option. Delivery of the vessel is scheduled for the first quarter of 2026. The design is based on Stena-RoRo’s proven E-Flexer concept, where ...

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Steel cutting ceremony marks commencement of the build of new Construction Service Operation Vessel for Ta San Shang Marine Co. Ltd

On the 19th of January, the steel cutting ceremony for the new Construction Service Operation Vessel (CSOV) 9020 for Ta San Shang Marine Co. Ltd (TSSM), a joint venture between Mitsui O.S.K. Lines, Ltd. of Japan, and Ta Tong Marine Co., Ltd. of Taiwan, took place in Ha Long, Vietnam. This was just two months after the initial contract was signed. TSSM’s new CSOV will be named TSS Cruiser and will be delivered by Damen Shipyards Group by late 2025. TSS Cruiser will be chartered to contractors supporting the offshore ...

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HD Hyundai Names World’s First Methanol-Powered Container Ship

HD Hyundai announced on Jan. 28 that it held a naming ceremony for a 16,200 TEU methanol-powered super-sized container ship at HD Hyundai Heavy Industries in Ulsan, Korea. Measuring 351 meters in length, 54 meters in width, and 33 meters in height, the vessel is the first of the 18 mega container ships ordered from HD HHI by global shipping group AP Moller-Maersk. The ceremony was attended by more than 100 VIPs including HD Hyundai Vice Chairman Chung Ki-sun, and Robert Maersk Uggla, chairman of Maersk. The first methanol-powered mega ...

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Korean Shipbuilders Sweep Orders for VLACs

Korean shipbuilders have won all the orders for very large ammonia carriers (VLACs) ordered this year. The analysis suggests that Korean shipbuilders are in a strong position to win orders due to their technological prowess. A total of 15 VLACs have been ordered globally so far this year, all of which will be built by Korean shipbuilders, according to Clarkson Research, a U.K.-based shipbuilding and shipping market analyst. Eleven of the orders are for HD Korea Shipbuilding & Offshore Engineering (KSOE), two for Samsung Heavy Industries, and two for Hanwha ...

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Japanese technology pioneering the future — Aiming for vessel completion by November 2026

In December 2023, Nippon Yusen Kabushiki Kaisha (NYK), Japan Engine Corporation, IHI Power Systems Co., and Nihon Shipyard Co., Ltd. signed a series of contracts to construct the world’s first ammonia-fueled medium gas carrier (AFMGC) equipped with Japan-made engines. The completion of the vessel will be a significant step toward the realization of decarbonization in the maritime sector. In October 2021, the four companies were selected by Japan’s New Energy and Industrial Technology Development Organization (NEDO) for its Green Innovation Fund Project,* and together with Nippon Kaiji Kyokai (ClassNK), a ...

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Van Wijngaarden Marine Services names and delivers Damen Multi Cat 3713 Waddenstroom in ceremony

On 16 November, Van Wijngaarden Marine Services (VWMS) held a naming ceremony for the latest vessel in its fleet, a Damen Multi Cat (MuC) 3713 named Waddenstroom. The 37-metre, DP2 vessel, delivered by Damen Shipyards Hardinxveld, is the largest MuC in the Damen range. The vessel features a series of innovations to ensure its suitability to support the offshore renewable energy sector. The naming ceremony for the vessel took place at VWMS’ premises in Hardinxveld-Giessendam, the Netherlands. Serving as Lady Sponsor was Mrs Cory van Wijngaarden-Dekker, who undertook the naming ...

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GTT signs two new Technical Services Agreements with JOVO

GTT, the technological expert in membrane containment systems dedicated to the transport and storage of liquefied gases, announces the signing of two new Technical Services Agreements (TSA) with JOVO, a major energy supplier based in China. The contracts cover GTT’s assistance and operational support for LNG carriers operated by JOVO. GTT will provide its field expertise for inspections, maintenance, repairs and engineering consultancy. JOVO will also benefit from access to GTT’s HEARS® emergency hotline, available 24/7, to provide rapid technical assistance to crews. These new partnerships follow a first services ...

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S. Korea: Shipbuilders see methanol-fueled vessels go mainstream

The world’s shipbuilding industry saw methane-fuelled ships go mainstream in 2023 after a slew of international environmental protections made the fuel, which produces fewer carbon emissions, more attractive compared to liquefied natural gas (LNG). Methanol proved the most used alternative fuel that year with 138 ships ordered, a sharp increase compared to the 35 ordered to run on this fuel in 2022. The latest statistics from DNV’s Alternative Fuels Insight (AFI) platform found that methanol-powered ships accounted for 138 of the 298 ships with alternative fuel propulsion ordered in 2023, ...

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