Marubeni Corporation and Mitsui O.S.K. Lines, Ltd. announced that the two companies have entered into a shareholders agreement to jointly establish a new company, called Marubeni MOL Forests Co., Ltd., to create, purchase, sell, and retire nature-based carbon removal credits. The new company, Marubeni MOL Forests, will operate under the philosophy: “Open the way to a sustainable future through the power of people and forests.” The company aims to contribute to global environmental preservation and sustainable societal development through the creation, trading, and proxy retirement of nature-based carbon removal credits. ...

The Maritime Technologies Forum (MTF) has today released a new report offering key recommendations to consider as industry looks to adopt onboard carbon capture and storage (OCCS) technology. The report highlights the regulatory and safety considerations for adoption of onboard carbon capture while also recognizing the importance of developing a secure and scalable downstream carbon value chain and increasing carbon capture system cost effectiveness. Based on the findings of the publication, MTF has outlined the following key recommendations, including: Collaborate to create a secure downstream value chain comprising of CO2 ...

Slime build-up is a costly drag on fuel efficiency for ocean-going cargo ships, leading to more emissions and, eventually, higher consumer prices. A recent study, however, suggests a new approach to managing this common problem. Researchers at KTH Royal Institute of Technology developed a model for estimating the speed and extent of biofilm growth, which could enable ship operators to schedule hull cleaning at optimal intervals to save on fuel consumption. Cornelius Wittig, a PhD student in fluid mechanics at KTH, says the study offers a first-ever explanation of how ...

SulNOx, the green decarbonisation company helping industry reduce emissions, lower fuel costs and meet sustainability targets, is pleased to announce an important patent win in Nigeria, its first in the significant fuel oil reclamation market. The new patent protects an improved oil / water separation methodology developed by SulNOx, incorporating its already patented Berol 6446 product. It offers considerable potential for tackling the marine industry’s perennial problem of “ships’ slops”, a hydrocarbon-rich industrial waste produced in various parts of a ship’s operations, including tank cleaning, purifying fuels and use of ...

Technology group Wärtsilä has introduced its new EnviroPac feature for the Wärtsilä 34DF constant speed engine. The feature is designed to significantly reduce methane emissions while maintaining the engine’s high-power output and compliance with IMO Tier 3 NOx requirements. The first order for engines with this new feature has been placed by the French shipping company CMA CGM. The engines will be installed in eight new LNG-operated container vessels being built at the Shanghai Waigaoqiao Shipbuilding (SWS) yard in China. The engine order for the first two vessels was booked ...

Safetytech Accelerator, in collaboration with Chevron, Carnival Corporation & plc, Shell and Seapeak, has successfully completed three technology feasibility studies as part of its flagship Methane Abatement in Maritime Innovation Initiative (MAMII). The results of these feasibility studies showed strong potential to cut fugitive methane emissions in the maritime industry. MAMII is exploring options to advance these research projects to on-ship trials as soon as possible. MAMII was launched in September 2022 by Safetytech Accelerator, bringing together industry leaders, technology innovators, and maritime stakeholders to advance technologies for measuring and mitigating ...

When we first began developing AI-driven solutions for shipping, we imagined a future where every vessel would operate at its full potential, truly minimising waste and environmental impact. This wasn’t just a technological ambition; it was about redefining what efficiency and sustainability mean for an industry that moves over 90% of global trade. Now, through our partnerships with many of the world’s most advanced operators (most recently with Eastern Pacific Shipping) we’re not just imagining this future… we’re building it, one fleet at a time. Why AI? Shipping is often ...

A significant surge in orders for alternative-fuelled vessels in 2024 is a clear signal of the maritime industry’s acceleration of its decarbonisation journey, according to the latest data from DNV’s Alternative Fuels Insights (AFI) platform. A total of 515 such ships, excluding LNG carriers, were ordered, marking a 38% year-on-year increase compared with 2023. This surge has been primarily driven by the container and car carrier sectors, which accounted for 62% of all alternative fuel orders. In 2024, 69% of all container ship orders were for ships capable of being ...

Efficiency measures must be applied to the existing fleet to meet IMO Mid-Term GHG reduction measures, says a new publication from the Maritime Emissions Reduction Centre (MERC). By enhancing efficiency, the maritime industry can reduce the amount of alternative low-GHG fuels required, thereby lowering the overall cost of the energy transition, outlines the report. “IMO Mid-Term GHG Reduction Measures as a Driver for Efficiency” delves into the challenges and opportunities presented by the IMO’s mid-term measures. These measures, expected to be approved in April 2025 and enter into force in ...

We are pleased to announce that Fratelli Cosulich Group has placed an order for another 7,999 dwt IMO2 chemical bunkering tanker at Taizhou Maple Leaf Shipbuilding Co., Ltd. This newbuild vessel is designed to carry fuel oil, biofuels up to B100, and methanol, highlighting our commitment to sustainability and fleet excellence. The delivery of this methanol-ready vessel is scheduled for Q4 2026. With this latest order, the total number of methanol-ready barges in our fleet will increase to four. We strongly believe in a multi-energy future and are dedicated to ...

Developing cost-effective and flexible large-scale liquid hydrogen storage with higher safety, and lower operational and capital cost is essential if LH2 is to realize its promise for decarbonizing industries such as transportation, shipping, and power generation. By bridging the gap between hydrogen production and end-user consumption, large scale storage can enable global energy resilience and accelerate the adoption of hydrogen as a key part of the energy transition. One of the challenges in developing large scale LH2 storage is achieving and maintaining vacuum insulation in large tanks. HD KSOE have ...

A significant surge in orders for alternative-fuelled vessels in 2024 is a clear signal of the maritime industry’s acceleration of its decarbonisation journey, according to the latest data from DNV’s Alternative Fuels Insights (AFI) platform. A total of 515 such ships, excluding LNG carriers, were ordered, marking a 38% year-on-year increase compared with 2023. This surge has been primarily driven by the container and car carrier sectors, which accounted for 62% of all alternative fuel orders. In 2024, 69% of all container ship orders were for ships capable of being ...

According to DNV’s latest white paper “Biofuels in Shipping”, key biofuels like FAME and HVO have great potential for reducing greenhouse gas (GHG) emissions and supporting compliance with maritime regulations, but their benefits to the industry could be constrained by limited supply in the future. With biofuel use expected to increase, the paper also highlights the importance of its safe introduction, outlining critical operational and technical considerations. In 2023, the maritime sector consumed just 0.7 million tonnes of oil equivalent (Mtoe) of liquid biofuels, representing a mere 0.6% of global ...

DNV has launched a new family of class notations, Autonomous and Remotely Operated Ships (AROS), providing a framework for how autoremote vessels can achieve equivalent or higher safety compared to conventional vessels. Autonomous shipping, ranging from remote control operation to fully unmanned vessels, marks a major advancement in the maritime industry. These solutions can deliver a wide range of benefits including improved safety, optimised logistics chains, improved cargo capacity due to reductions in crew, increased fuel efficiency, reduced emissions, and reduced operational and maintenance costs. While these advancements hold great ...

Trafigura, a market leader in the global commodities industry, in collaboration with CF Industries, the world’s largest producer of ammonia, today announced the completion of the first co-loaded ammonia and propane shipment operation of its kind. In early January, the Green Power Medium Gas Carrier (MGC) completed a single voyage from the US to Europe loaded with ammonia from CF Industries and with liquefied petroleum gas (LPG or propane) in separate tanks. The co-loaded vessel project was intended in part as a demonstration of capabilities needed for the efficient and ...