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 […]
In China, Xinde Marine News reports Shanghai-based Puyin Financial Leasing signed a financing deal with Singapore’s Eastern Pacific Shipping on February 25 for two LNG dual-fuel Neo-Panamax container ships under construction at Jiangsu New Times Shipbuilding. The vessels are designed to meet IMO Tier III emissions standards, emphasizing fuel efficiency and reduced environmental impact. EPS, […]
In Washington D.C., the U.S. Department of Energy on February 28 issued an order modifying regulatory oversight on liquefied natural gas bunkering, clarifying that ship-to-ship LNG transfers for marine fuel use in U.S. waters and international waters will not be considered exports. The decision, which revises a December 2024 order affecting JAX LNG, removes barriers […]
In Norway, the shipping industry’s push for net-zero emissions by 2050 is driving interest in biofuels, but high costs and limited supply remain major barriers, according to DNV’s recently released Energy-Efficiency Measures and Technologies report. The report identifies biofuels as a key compliance tool under FuelEU Maritime, which took effect in January 2025. The regulation, […]
In Denmark, Manifold Times reports Copenhagen Infrastructure Partners has developed an Ammonia Bunkering Operations Manual through its Energy Transition Fund outlining safety protocols for handling ammonia as a marine fuel. The 73-page manual, reviewed by the American Bureau of Shipping, builds on existing gas carrier protocols for loading, discharging, and ship-to-ship transfers, adapting them for […]
In Japan, shipping company Mitsui O.S.K. Lines has joined the e-NG Coalition, a Brussels-based international alliance focused on developing e-methane as a low-carbon fuel, bringing the group’s membership to 20 as of March 1. The coalition, formed in October 2024, promotes e-methane—synthetic methane produced from CO₂ and hydrogen—as a carbon-neutral alternative that can be used […]
In Singapore, the CMA CGM Iron, the first of the French shipping company’s twelve 13,000 TEU dual-fuel methanol containerships built by Hyundai Samho Heavy Industries, made its maiden call at the Port of Singapore on March 4 as part of CMA CGM’s fleet expansion. The vessel, designed to run on methanol and conventional fuel, is […]
