In The Netherlands, Offshore Energy reported Norway’s NuProShip project concluded its first phase on December 31, 2024, advancing research into zero-emission nuclear propulsion technologies for deep-sea shipping by evaluating three reactor concepts from the United States and Sweden. Led by shipbuilder VARD, the project also includes DNV, the Norwegian University of Science and Technology in […]
In the UK, Rivera Maritime News reported the global shipping fleet’s value, according to Clarksons Research, reached US$2 trillion by the end of 2024, adding US$800 billion in value over the first four years of this decade. This growth was driven by a 6.2% rise in tonne-mile demand, which “reflects the largest growth in shipping […]
In Singapore, Neste, KPI OceanConnect, and Global Energy completed the first delivery of Neste MY Renewable Diesel™ to the marine sector. This fuel, made from 100% renewable raw materials, is now being used in vessels, including cruise ships, operating in Singapore’s waters. Neste MY Renewable Diesel is a hydrotreated vegetable oil that offers a low-carbon […]
In Singapore, The Maritime and Port Authority of Singapore announced revisions to its Maritime Singapore Green Initiative, enhancing incentives for ocean-going vessels using clean fuels and technologies. Effective January 1, 2025, the Green Port Programme will merge with the enhanced Green Ship Programme, providing stronger financial incentives for ships adopting eco-friendly operations. Under the new […]
In South Korea, Chosun reports China’s dominance in global shipbuilding is driving a surge in demand for advanced Korean ship engines, solidifying South Korea’s technological edge in the maritime sector. HD Hyundai Heavy Industries, a leader in large and eco-friendly ship engine production, exported 80 large engines and 250 medium-sized engines to China in 2024, […]
In The Netherlands, Offshore Energy reports construction has begun on a new 41,000-cubic-meter dual-fuel liquefied petroleum gas carrier for Belgium-based EXMAR at the CIMC Sinopacific shipyard in China. The steel cutting ceremony for the midsize gas carrier, the third in a series of four, was held on December 30, 2024. The vessel is scheduled for […]
In Japan, the nameplate on MI LNG Company’s headquarters will soon read MILES Co., Ltd., signaling a shift in focus for the joint venture between Mitsubishi Heavy Industries and Imabari Shipbuilding. Starting January 1, 2025, the rebranded firm will dive deeper into designing ships powered by alternative fuels like ammonia and methanol while taking on […]
In the UK, Lloyd’s Register reports for Norway and Iceland, the implementation of the FuelEU Maritime regulation has been delayed. These two European Economic Area members, which are not part of the European Union, will not incorporate the regulation into their agreements by January 1, according to Lloyd’s Register’s latest update. For now, Norway and […]
In South Korea, HJ Shipbuilding & Construction has secured Approval in Principle from Lloyd’s Register for its innovative 88,000 cubic meter very large ammonia carrier, the company announced. HJSC is leveraging its expertise in LNG dual-fuel and methanol-powered vessels. The design features a Type-A tank design made from low-temperature steel to minimize the occurrence of […]
In The Netherlands, Offshore Energy reports the global fleet of eco-friendly dual-fuel ships has surged to 2,119 vessels, representing 7.4% of the world’s gross tonnage, a sharp rise from 3.2% in 2018, according to Intermodal data. These vessels, capable of operating on cleaner fuels, now boast a combined capacity of 123 million gross tons, with […]
