In Denmark, global efforts to decarbonize shipping saw a 40% rise in green corridor initiatives in 2023, bringing the total to 62, but progress risks stalling due to the high costs of transitioning to zero-emission fuels, according to the Annual Progress Report on Green Shipping Corridors 2024, published on November 19 by the Global Maritime […]
In Canada, Abraxas Power Corp. and EDF Group announced a CAD$12 billion partnership to develop the Exploits Valley Renewable Energy Corporation project in Central Newfoundland generating 200,000 tons of green hydrogen and 1,000,000 tons of green ammonia annually from 3+ gigawatts of onshore wind power. Located on a repurposed forestry site, the project will integrate […]
In Greece, Safety4Sea reports the International Organization for Standardization released a comprehensive framework to standardize the use of methanol as a marine fuel, addressing safety, quality, and sustainability in response to the maritime industry’s push for low-emission alternatives. Developed with input from ship owners, operators, classification societies, and technical bodies, the document defines methanol grades […]
In Denmark, Maersk has completed the conversion of the Maersk Halifax into a dual-fuel methanol-powered container ship, the largest retrofit of its kind, following an 88-day operation at Zhoushan Xinya Shipyard in China, finalized in October 2024. The retrofit, led by MAN Energy Solutions, included replacing engine parts, adding new fuel tanks, a fuel preparation […]
In China, Towngas and CPN signed a Memorandum of Understanding in Hong Kong, committing to distribute ISCC-certified green methanol to support the city’s maritime decarbonization efforts and meet growing demand for alternative marine fuels. Under the agreement, Towngas will supply methanol produced at its Ordos, Inner Mongolia plant, which converts biomass and municipal waste into […]
In Singapore, Manifold Times reports LNG, once the cheapest fuel option in Rotterdam, has now become significantly more expensive than biofuel blends, reversing a long-standing trend. Rotterdam’s LNG price has climbed to an $80 per metric ton premium over B24-VLSFO HBE, a biofuel blend containing 24% palm oil mill effluent biofuel, according to bunker intelligence […]
In Texas, Global Trade Magazine reports China plans to issue its first export quotas of 500,000 metric tons for marine biofuel blends by early 2025, targeting European trade routes to support domestic biodiesel producers hit by EU anti-dumping tariffs, according to industry sources and consultancy JLC. The state-owned oil companies CNPC, Sinopec, and CNOOC are […]
At the 2024 Specialty Equipment Marketing Association Show in Las Vegas, Yamaha U.S. Marine Business Unit, Roush, and Regulator Marine revealed the world’s first hydrogen-powered outboard for recreational boats. The Yamaha H2 concept aims to lead a cleaner era for internal combustion engines in marine settings. “Why did we decide to exhibit at SEMA? Because […]
In Port Colborne, Ontario, a new $33-million biofuel terminal aims to green Great Lakes shipping, with over 100 vessels expected to fuel up annually. Announced Tuesday near the waterfront, the facility will be managed by Hamilton-Oshawa Port Authority in collaboration with Canada Clean Fuels and Canada Steamship Lines. “This new facility will make biofuels more […]
In Norway, TradeWinds reports Switch Maritime announced plans to order the first US-built hydrogen-powered RoPax ferry, with a design approved in Norway. This 80-car, 300-passenger vessel, using liquefied hydrogen, is part of Switch’s commitment to zero-carbon marine transportation. “With rigorous planning, state-of-the-art engineering and support from leading industry partners and the US Coast Guard, we […]
