Industry players set up “Joint Study” framework for studying common issues on ammonia as an alternative marine fuel, to get ready to IMO’s decarbonization targets, including energy, mining, power utility, chemical, terminal, shipping, shipbuilding, manufacture, bunkering, and classification society. Parties of total 23 companies including ClassNK have entered into a memorandum of understanding on joint study of common issues on ammonia as an alternative marine fuel beyond industry boundaries. The 23 founding signatories of this Joint Study framework include ABS, ANGLO AMERICAN, CLASSNK, DNV, EQUINOR, FORTESCUE METALS GROUP, GENCO SHIPPING ...

Environmental regulations are creating a new language in shipping: its CO2 emissions per ton-mile. When you combine that with new technologies, and probably more importantly the rate of change of new technology, it is going to drive commercial decisions which will shape the way we manage risk now more than ever. That’s the view of ABS Chairman, President and CEO, Christopher J. Wiernicki, who spoke at the 11th Annual Capital Link Operational Excellence in Shipping Forum. “When you look at the possible answers to our challenges in meeting the IMO’s ...

Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), today announced that it has entered into an initial framework to jointly study the feasibility of ammonia as an alternative marine fuel as part of the objective to decarbonize the global shipping industry in-line with the targets established by the International Maritime Organization (“IMO”). Including Genco, a total of 23 companies to date have elected to participate in the study ranging from miners, shipbuilders, shipowners, class societies and power utility companies among others. The IMO adopted a strategy for the ...

Partners in the TrAM (Transport – Advanced and Modular) project are excited to announce that construction has commenced on the world’s first fully electric passenger fast ferry at the Fjellstrand shipyard on the west coast of Norway. Equipped to carry around 150 passengers, the catamaran vessel will be 31 metres long with a nine-metre beam. It will be equipped with two electric motors and a 1.5MWh capacity battery with charging power of more than 2MW. This will be the world’s first fully electric and zero-emission fast ferry classed in accordance ...

Ahead of an important meeting within the International Maritime Organization (IMO) that is starting today, TECO 2030 urges the IMO to recognise the role carbon capture will play in reducing greenhouse gas emissions from international shipping, as not enough vessels will undergo fuel switches to meet the climate targets. The IMO aims to reduce carbon intensity in international shipping by 40% by 2030, and to cut the total annual greenhouse gas emissions from the sector by at least 50% by 2050 compared to 2008. The regulatory framework setting out how ...

A cutting edge ‘green’ hybrid-engined ferry, powered by state-of-the-art Lithium-ion batteries, has been developed, trialled and successfully operated commercially on the River Fal, situated in an Area of Outstanding Natural Beauty. Fal River Cornwall (Cornwall Ferries Ltd) have put their classic wooden ferry “Kingsley II”, that was originally built in 1934 by Percy Mitchell in South Cornwall at the disposal of a team of expert engineers from REAP Systems, supported by global battery manufacturer GS Yuasa. The project, named “HEVIMA” Hybrid Electrical Vessel propulsion with Integrated Motor Assist’, used the ...

Future Proof Shipping (FPS) is pleased to officially appoint Koedood Marine Group as their chosen supplier for the provision of a complete PEM Fuel Cell system to retrofit their inland container vessel the Maas to hydrogen power. The system supplied by Koedood will comprise fuel cell stacks and technology from Nedstack fuel cell technology. The FPS team has led and guided the vessel’s zero-emissions retrofit design in close cooperation with Koedood, Nedstack, the shipyard and their other main suppliers. Sealing their commitment this month, FPS gave the green light to ...

Getting to the end of the pandemic, decarbonization is coming again into focus. A new step forward in the deployment of wind-assisted propulsion solutions has been taken by Schram shipping. Netherlands-based eConowind and Schram announced their collaboration today with eConowind to participate in research to optimize wind assisted propulsion and install two of their 16m tall wind-assist VentiFoil units by the end of 2021. These will be retrofitted on the 89.9m x14m, 5,097dwt general cargo vessel, MV Anna, built in 2008. “When we realized the possibility of retrofitting a wind ...

The International Chamber of Shipping (ICS) has warned that without decisive government signals declining levels of Maritime research and development could jeopardise industry’s ability to decarbonise. According to the International Energy Agency (IEA), Maritime’s research and development (R&D) spending between 2007-2019 remained stagnant, lagging far behind that of other sectors. Responding to strong political signalling from governments around the world investment on R&D in the automotive sector has increased from 67 billion USD in 2009 to a staggering 130 billion USD in 2019, compared to 1.6 billion USD in maritime. ...

As Azipod® propulsion enters its fourth decade of production, the latest episode of the ABB DECODED podcast explores the technology that is revolutionizing the maritime industry beneath the waves, with engineers Jukka Varis and Ole-Jacob Irgens. ABB’s Azipod® propulsion system has brought huge advances to the maritime industry, thanks to its efficiency gains, sustainability benefits and the increased maneuverability it offers any ship to which it’s fitted. Jukka Varis – responsible for this technology globally, who has worked with the system from the very beginning – and Ole-Jacob Irgens – ...

Energy storage experts Sterling PlanB and Europe’s largest independent ship design group, ICE, have announced an agreement to combine knowledge and resources in order to increase the adoption of energy storage systems (ESS) and thereby accelerate the maritime industry’s energy transition. Exchanging market and technology information, Sterling PlanB and ICE will combine efforts through their collaboration to enhance the use of energy storage systems on ships and support the industry’s decarbonisation journey. As leading companies in their respective fields of expertise, they together form a unique combination of complementary understanding ...

McQuilling Partners Inc., a major international shipbroker and Vertis Environmental Finance, a pioneering emissions trader, have developed a partnership to offer Carbon Offsetting and Advisory (CO&A) services to the shipping industry. This agreement will provide ship-owners, oil companies, refiners, and traders with direct access to carbon offsetting and advisory solutions to address their environmental sustainability and carbon-neutral shipping needs, as well as their future environmental compliance requirements. With carbon market expertise and established experience in similar sectors like aviation, Vertis Environmental Finance will provide clients of McQuilling Partners Inc. and ...

Japan-based shipbuilder Namura Shipbuilding Co., Ltd. (Osaka, President; Kensuke Namura) and operator NS United Kaiun Kaisha, Ltd (Tokyo, President and Representative Director; Kazuo Tanimizu) have partnered in a joint research project aimed at developing a wind-powered system for a 183,000dwt Capesize bulk carrier. International ambitions to reduce greenhouse gases (GHG) so as to mitigate climate change have meant numerous targets are being set by international organisations and nation states. The International Maritime Organization’s decarbonisation targets of reducing carbon emissions by 40% by 2030 from 2008’s levels and cut at least ...

bound4blue, together with Kyma and Organización de Palangreros de A Guarda (ORPAGU), the most important in its sector in Europe, has successfully installed the eSAIL® rigid sail system on the “Balueiro Segundo” vessel, a clear joint commitment towards innovation and sustainability. The rigid 12-metre-high sail, equipped with an autonomous control system, looks majestic on the vessel in Panamanian waters. The entire assembly process of the sail has been recorded down to the smallest detail, as all the key players are aware of the milestone this initiative represents. A process which ...

Axpo Iberia and Baleària have today marked a new milestone in the decarbonisation of maritime transport by making the first European pilot trip on a fast ferry with 100% renewable fuel. The 133-mile journey between the ports of Barcelona and Ciutadella (Menorca) was made by Baleària’s Eleanor Roosevelt vessel, the world’s first fast ferry with dual natural gas engines. The use of the renewable biomethane fuel on this route has prevented the emission of more than 50 tonnes of CO2 into the atmosphere. This means that an equivalent volume of ...