Tag: COSCO

COSCO bets on methanol with six-tanker order

COSCO bets on methanol with six-tanker order

February 20, 2025 |

In China, Xinde Marine News reports COSCO Energy signed a contract with COSCO Shipping Heavy Industry to build six tankers—two Aframax, two LR2, and two Panamax vessels—all designed for methanol dual-fuel operation or methanol-ready compliance. According to COSCO Energy, methanol-fueled ships can cut annual CO₂ emissions by approximately 24,000 tons, aligning with EU carbon tax […]

Read More

COSCO harnesses GSBN blockchain to issue traceable green certificates to accelerate decarbonization in global trade

COSCO harnesses GSBN blockchain to issue traceable green certificates to accelerate decarbonization in global trade

April 5, 2024 |

In Hong Kong, Global Shipping Business Network (GSBN) has completed a pilot with COSCO Shipping to issue traceable and verifiable green certificates powered by blockchain technology. To increase traceability and verifiability, COSCO has partnered with GSBN to launch its Hi ECO blockchain-based shipping product. GSBN leverages its blockchain-enabled network to establish linkage between the Proof […]

Read More