In Japan, Mitsui O.S.K. Lines, its Singapore-based subsidiary MOL Chemical Tankers, and Belgium’s CMB.TECH announced they will jointly own and charter nine ammonia-fueled Capesize bulkers and chemical tankers—the first vessels of their kind worldwide—“amid the trend toward decarbonization.” “These will be the world’s first ammonia dual-fuel Capesize bulkers and chemical tankers,” MOL said. The vessels […]
In Singapore, speaking on March 24 at Singapore Maritime Week 2025, Senior Minister Lee Hsien Loong warned that climate change and decarbonization are forcing a structural shift in global trade and maritime logistics. “Climate change and extreme weather events are already affecting established trade routes,” he said, citing droughts disrupting traffic through the Panama Canal […]
In Washington, D.C., Senators Pete Ricketts (R-NE) and Amy Klobuchar (D-MN) introduced the Renewable Fuel for Ocean-Going Vessels Act, a bipartisan bill that would allow companies to retain Renewable Identification Number credits under the Renewable Fuel Standard for biofuels used in international shipping, they announced. “Expanding the use of biofuels like renewable diesel strengthens American […]
In Rhode Island, REGENT Craft has begun sea trials of its first full-scale, crewed seaglider prototype, a 12-passenger, all-electric vessel designed for high-speed coastal travel, the company announced on March 6. The test campaign, taking place in Narragansett Bay, will culminate in the first human flight later this year. The 55-foot Viceroy seaglider, christened “Paladin”, […]
In Brazil, Offshore Energy reports Minister of Ports and Airports Silvio Costa Filho and Norwegian Ambassador Odd Magne Ruud have signed a memorandum of understanding to establish a green shipping corridor between the two countries, aiming to reduce maritime emissions through advanced technology and low- or zero-carbon fuels, officials announced. The initiative is part of […]
In Singapore, the Maritime and Port Authority and Enterprise Singapore have issued Technical Reference 129, a new standard for methanol bunkering, establishing a framework for safe handling, transfer, and measurement of methanol in ship-to-ship fueling operations, the agencies announced. The move reinforces Singapore’s ambitions as a multi-fuel bunkering hub. TR 129 outlines custody transfer requirements, […]
In Korea, HD Hyundai Heavy Industries, the shipbuilding affiliate of HD Hyundai, announced a strategic agreement with TerraPower on March 12 to expand manufacturing capacity of advanced nuclear plants. The signing was attended by senior officials including TerraPower founder Bill Gates, and HD Hyundai Executive Vice Chairman. Kisun Chung. TerraPower’s Natrium plant integrates a sodium-cooled […]
In Morocco, the African Energy Council reported the government has approved $32.5 billion in green hydrogen projects to produce ammonia, fuel, and steel, according to the Moroccan prime minister’s office. Each project will receive up to 30,000 hectares of land once preliminary agreements are signed. The approvals include U.S.-based Ortus, Spain’s Acciona, and Germany’s Nordex […]
In Korea, Korea Advanced Institute of Science and Technology researchers developed a catalyst that significantly boosts ammonia synthesis at lower temperatures and pressures, potentially cutting energy use and emissions from a century-old industrial process, the university announced on March 11. Led by Professor Min-Ki Choi, the team designed a system combining ruthenium (Ru) and barium […]
In Korea, Korea Ocean Business Corporation secured official certification from global accreditation body DNV for its newly established Sustainable Finance Framework, aiming to issue approximately $300 million in blue bonds by mid-2025 to fund eco-friendly maritime projects, the organization announced on March 4. Designed in compliance with internationally recognized principles, KOBC’s framework sets financing standards […]
