In Hong Kong, China Daily reported the Minhou, China’s first methanol-diesel dual-fuel cargo vessel, completed its maiden voyage from Shanghai to Chongqing, marking a step toward cleaner inland shipping. Built by Minsheng Industrial, the vessel is one of the first in China to run on methanol and is designed to carry both standard and rail-wide […]
In South Korea, on February 12, the Ministry of Trade, Industry, and Energy announced a $7.63 million R&D initiative aimed at advancing shipbuilding and marine technology. Applications are open through March 13, with funding supporting ten general research projects, two eco-friendly ship advancements, and five digital transformation efforts. The initiative will fund research into ammonia-fueled […]
In Italy, Baker Hughes and Hanwha signed a Joint Development and Collaboration Agreement in Florence on February 3 to develop a small-size turbine capable of running on 100% ammonia, targeting marine and industrial applications with plans for commercial availability by 2027. The partnership will combine Baker Hughes’ small-size gas turbine technology with Hanwha’s ammonia combustion […]
In New York, Amogy announced the opening of a new office in Pangyo, South Korea to advance its ammonia-based power solutions for shipping and industry, citing the country’s strong policy support and established supply chains. Backed by $56 million in venture financing, the expansion places Amogy closer to key partners, including SK Innovation, Samsung Heavy […]
In Germany, an €18.7 million project funded by the German Federal Ministry of Economics and Technology launched on January 24 to develop fuel cell technology for cruise ships, aiming to reduce emissions and bring climate-neutral propulsion to the sector. The zero4cruise initiative focuses on Proton Exchange Membrane fuel cell systems, with initial 250-kilowatt units scalable […]
In Germany, Hapag-Lloyd secured $4 billion in financing for 24 new low-emission container ships to be built in China under its Green Financing Framework, certified by DNV to meet Green Loan Principles. The ships, with a combined capacity of 312,000 TEU, are scheduled for delivery between 2027 and 2029. The financing package includes $900 million […]
In Norway, DNV notes stricter emission regulations and industry innovation are driving a surge in wind-assisted propulsion system orders, according to a new DNV whitepaper released on February 4. The report provides shipowners with an analysis of WAPS technology, its fuel-saving potential, and considerations for onboard integration. It also includes case studies in European waters […]
In India, India Shipping News reports the 2025-26 Union Budget includes a $2.8 billion Maritime Development Fund, announced in New Delhi by Finance Minister Nirmala Sitharaman on February 5, to support long-term financing and promote competition in the maritime sector. The fund will have up to 49% government backing, with the rest sourced from ports […]
In South Korea, the Ministry of Oceans and Fisheries announced on January 30 that it has finalized its 2025 Eco-Friendly Ship Deployment Plan, investing approximately $153 million to construct and convert a total of 81 environmentally friendly vessels. Under this plan, the public sector will build 34 electric and hybrid ships and retrofit 15 existing […]
In the UAE, TA’ZIZ awarded a $1.7 billion EPC contract to Samsung E&A on February 3 to construct one of the world’s largest methanol plants in Al Ruwais Industrial City, Al Dhafra, Abu Dhabi, aiming to boost the UAE’s chemical industry and economic diversification. The 1.8 million tons per annum facility will be the country’s […]
