Such are the severity of the top issues affecting the maritime industry at the moment, that they remain unchanged in 2022 in comparison with 2021, according to the Global Maritime Issues Monitor. The report – jointly published by the Global Maritime Forum, Marsh, and the International Union of Marine Insurers – puts decarbonisation and new environmental regulations as the most impactful issues for shipping for the second year in a row. However, in terms of likelihood, fuel price increases and geopolitical tensions have risen to the top positions, “reflecting the ...

Maersk will begin to slow the pace of its container ships to lower fuel costs after sailing at full speed to keep up with demand during the pandemic, its chief executive said this week. Copenhagen-based Maersk, a barometer for global trade, expects ocean freight volumes to be flat or lower this year, its CEO Soren Skou said in a Reuters Newsmaker interview, pointing to U.S. consumers buying less and confidence dented by Russia’s invasion of Ukraine. As one of the world’s biggest shipping companies, Maersk benefited from soaring freight rates ...

Navigator Holdings Ltd., the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, is pleased to announce that, with effect from September 30, 2022, it has entered into a joint venture agreement with Greater Bay Gas Co. Ltd. (Liberia) (“Greater Bay Gas”). The joint venture (the “Joint Venture”), owned 60% by Navigator and 40% by Greater Bay Gas, intends to acquire, over the next fifteen months, a total of five ethylene vessels, made up of two 17,000 cbm, 2018-built and three 22,000 cbm, 2019-built ethylene vessels ...

The Candela P-12 Shuttle —the world’s fastest all-electric passenger ship—will hit the water in 2023, flying passengers at a service speed of 30 mph without wake, noise, exhaust fumes or CO2 emissions. During the Interferry conference on October 1-5, Candela will showcase its unique technology that can speed up Seattle’s ferry rides dramatically. The P-12, developed by Stockholm boat builder Candela Technology, consumes about 3-4 kWh per nautical mile, which is one tenth of a conventional ship and comparable to the energy consumption of a modern electric-hybrid bus, making it the most ...

EverWind Fuels Company (“EverWind”), a private developer of green hydrogen and ammonia production in Nova Scotia, and Svitzer, a leading global towage operator and part of A.P. Moller-Maersk, today announced a Memorandum of Understanding (“MOU”) to deploy one of the world’s first green fuel-powered commercial tug vessels in the Canso Strait in Nova Scotia. Under the MOU, EverWind will provide green fuel from its green hydrogen and ammonia production facility in Point Tupper, Nova Scotia, in addition to the required infrastructure at its marine terminal to allow for green fuel ...

Signol has partnered with Clarksons, the world’s leading provider of integrated shipping services, as part of its new carbon platform to immediately reduce emissions in the maritime industry. Signol uses existing maritime data, such as noon reports, to nudge mariners into executing more efficient behaviours in the operation of their ship – lowering fuel consumption, operating costs and emissions almost immediately. Signol and Clarksons’ partnership is another positive step in bringing useful solutions to the shipping industry as it works to significantly reduce CO2 emissions. Signol’s personalised app and communication ...

ABS and Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) have formed a joint development project (JDP) to create a decarbonization strategy for DSME’s LNG carrier designs. Signed at Gastech, the project will see ABS and DSME investigate carbon emission performance of ships in various segments. Specialists from ABS’ Simulation Center in Singapore will then simulate the performance of a range of decarbonization technologies. The outcomes of the JDP will allow DSME to compare and select the best decarbonization options for each specific ship segment. “ABS has world class capabilities ...

TECO 2030 has been awarded as the winner of an innovation competition in the category of “Innovation Concepts” with the TECO 2030 Power Barge concept. The innovation competition [email protected] is hosted by The Maritime Cluster Northern Germany. The TECO 2030 Power Barge provides ports and ships at berth with stable and constant zero emission energy supply. The Power Barge is designed with a modular and scalable power output and hydrogen storage approach, which reduces operational risks, costs and footprint while increasing the energy efficiency. TECO 2030 is proud to announce ...

Our maritime industry is facing an immense challenge to decarbonize international shipping, and the Liberian Registry has in recent years actively participated in innovative ship design joint industry projects (JIPs) with focus on innovative design features, new technologies and alternative fuels. Over the last 3 years we have participated in over 30 JIPs and we expect this to further increase. The nature of these JIPs are groundbreaking and varied from testing and verification of 2nd generation bio-fuels, hydrogen and ammonia fueled vessels, 40k m3 CO2 Carrier design, 40k m3 LNG ...

Amogy Inc., a pioneer of emission-free, energy-dense ammonia power solutions, announced today the opening of its Norway operations with the hiring of Christian W. Berg, Managing Director, Amogy Norway. Mr. Berg joins Amogy Norway from his most recent position as Director of Business Development for Yara Clean Ammonia, a decarbonization-focused subsidiary of leading global ammonia producer, Yara International ASA. An innovative and results-driven leader with experience developing renewable fuels for the shipping industry, Mr. Berg will be tasked with accelerating Amogy’s effort in commercializing its ammonia-to-power technology with partners in ...

The technology group Wärtsilä and Rio de Janeiro based Companhia Brasileira de Offshore (CBO) have signed an agreement for Decarbonisation Modelling. The objective is to support and accelerate CBO´s journey towards decarbonised operations for its fleet of offshore support vessels, which is one of the largest in its segment in Brazil. The agreement was signed in August 2022. The advanced Wärtsilä platform utilises a vast bank of vessel data and machine learning algorithms, and is supported by the company’s extensive in-house experience in systems modelling. A detailed analysis will be ...

PTT and AET have signed a Memorandum of Understanding (MOU) for the development and construction of two zero-emission Aframaxes to be powered by green ammonia. Jointly, PTT and AET are taking the lead to encourage the use of green ammonia as a main propulsion fuel. AET will select a suitable shipyard and the two zero-emission dual-fuel tankers are to be delivered to PTT for long-term charters in Q4 2025 and Q1 2026 respectively. This MOU sets another clear signal of PTT’s and AET’s commitment to reduce Greenhouse Gas (GHG) emissions ...

Mitsubishi Heavy Industries Marine Machinery & Equipment Co., Ltd. confirmed, in July this year, the completion of shop trial of a main engine equipped with its MET90MB Turbocharger (“MET90MB”), the world’s largest turbocharger is achieving its assumed performance. The MET90MB that underwent the shop trial was the first unit, which was delivered from our plant in January this year. Twenty-two MET90MB have been ordered for installation on the main engines of twenty-two 15,000TEU container ships, including 10 containerships of the same series. Sequential turbocharging1, which combines the use of two ...

The theme for this year’s World Maritime Day is ‘New Technologies for Greener Shipping’, and the timing couldn’t be more appropriate for the launch of a specialist in the sphere of sustainability called Grow Maritime. As a subsidiary of Cyprus-based sustainability advisors ‘Grow Sustainability Consulting’ and the Greek shipping consultants ‘Alpha Marine Consulting’, Grow Maritime has the mission to assist shipping companies in improving their performance through the development and implementation of impactful ESG strategies. The company will be helping them add value to both the organisation itself and also ...

The latest episode of ABB’s technology-focused podcast ABB Decoded (https://global.abb/group/en/media/podcasts/abb-decoded/s01/e19) discusses technologies for greener shipping, this year’s theme of the World Maritime Day on September 29. The theme provides an opportunity to focus on the importance of a sustainable maritime sector and engage in a global dialogue on the topic. With more than 80 percent of all goods worldwide being transported via ships, and the number expected to significantly increase over the next few years, the imperative of the maritime transport sector to support global sustainability is clear. The marine ...