In Texas, Houston based HyOrc Corporation has signed an agreement with Portugal’s Start Lda to develop a 25,000 ton per year green methanol plant in Porto, with projected lifetime revenues of $390 million. The facility will use HyOrc’s proprietary RDF gasification and methanol synthesis technology, converting waste into low-carbon fuel for marine and industrial use. […]
In China, Hong Kong’s Towngas and the Netherlands’ Royal Vopak have signed a strategic cooperation agreement to expand green methanol production, storage, and bunkering across China and the Asia-Pacific, marking a step toward industrial-scale deployment of maritime clean fuel. Towngas brings proprietary waste-to-fuel technology and a growing production base in northern China. Vopak contributes a […]
In China, Jiemian News reports China State Shipbuilding Corporation has cleared regulatory approval to absorb China Shipbuilding Industry Company in a 115.2 billion yuan share-swap merger, the largest of its kind in the history of China’s A-share market. Once finalized, the move will consolidate the country’s two largest shipbuilders into a single listed entity under […]
In Monaco, the Monaco Yacht Show’s newly minted Blue Wake program has named its first 17 exhibitors, selected for offering technologies with verified environmental benefits. Each company has passed a rigorous screening by the Water Revolution Foundation, the program’s technical partner, marking a shift from ambition to measurable change in the luxury maritime sector. Among […]
In Australia, on July 2, global miner BHP announced contracts with China’s COSCO Shipping Bulk for the charter of two ammonia dual-fuel Newcastlemax vessels to transport iron ore from Western Australia to Northeast Asia, with delivery expected from 2028. The five-year time charters are part of BHP’s plan to reduce emissions in its shipping operations. […]
In Japan, on June 27, Japan’s Mitsui O.S.K. Lines launched a trial voyage using B30 biofuel aboard the HOKULINK, a next-generation coal carrier operated for Hokuriku Electric Power Company, following refueling at Yeosu Port in South Korea. The fuel is a 30 percent blend of waste-based biomass with conventional marine oil and is certified under […]
In Switzerland, Offshore Energy reports Swiss shipping company MSC placed a $1.2 billion order for up to six 22,000 TEU LNG dual-fuel containerships at China Merchants Heavy Industry Haimen, with three firm orders and three optional units to be delivered starting in 2027, according to shipbroker Intermodal. The vessels, priced between $206 million and $210 […]
In Japan, on July 1, Japanese ship operator “K” Line announced it had completed its first use of bio-LNG fuel, supplying 500 tons to the car carrier OCEANUS HIGHWAY at the port of Zeebrugge, Belgium, on June 16 through Shell Western LNG. The fuel, liquefied biomethane derived from renewable organic waste and residue, was certified […]
In Japan, on June 30, Mitsui O.S.K. Lines and Mitsubishi Shipbuilding received Approval in Principle from ClassNK for the world’s first vessel designed to carry liquefied carbon dioxide on outbound voyages and synthetic methanol on return, in an effort to reduce inefficiencies linked to single-use cargo ships. The ship is based on a low-pressure LCO₂ […]
In Korea, Global Economic reports on July 2, HJ Heavy Industries of South Korea secured a $460 million contract from Greece-based Navios Maritime Partners for four methanol-ready 8,000 TEU container ships, with two firm orders and two options, marking the shipbuilder’s continued return to the commercial market. The vessels will begin service using conventional fuel […]
