In the United Kingdom, Riviera Maritime News reports HD Hyundai Heavy Industries Engine & Machinery Division signed a contract to supply 18 methanol dual-fuel engines to Huangpu Wenchong Shipbuilding in China for construction of 2,400-TEU feeder vessels for Taiwan’s Evergreen Line. The contract marks Hyundai Heavy’s first order for methanol dual-fuel engines for feeder ships, […]
In the Netherlands, Offshore Energy reports Singapore based Global Energy Overseas and Singapore Methanol signed a memorandum of understanding to promote bio-methanol as a viable bunker fuel, involving projects on FuelEU Maritime compliance pooling, green methanol storage and distribution, and the development of next-generation alternative marine fuels. “This partnership is a major step in advancing […]
In the United Kingdom, Lloyd’s Register granted Approval in Principle to HD Hyundai Heavy Industries for a 15,300 TEU ammonia-powered dual-fuel container ship, serving as an early validation that confirms the feasibility and compliance of the design with safety standards. The project aims to address the shipping industry’s carbon reduction efforts through alternative fuel solutions. […]
In China, Global Times reports Hudong-Zhonghua Shipbuilding has secured two major shipbuilding contracts settled in yuan—rather than the traditionally dominant U.S. dollar. These recent agreements, one with COSCO Shipping and another with Canada’s Seaspan Corporation, encompass 12 large 13,600-TEU container vessels, reinforcing the yuan’s emerging role in global shipping. This shift to yuan-based settlements offers […]
In China, the 2024 North Bund International Shipping Forum, held from October 22-24 in Shanghai, focused on the role of finance and insurance in advancing the global shipping industry. Co-hosted by the Shanghai Shipping Exchange and China Shipowners Mutual Insurance Association, the “Finance and Insurance” session on October 23 brought together leading figures from organizations […]
In Shanghai, the Ports of Los Angeles, Long Beach, and Shanghai presented their first annual report on the Green Shipping Corridor at the North Bund International Shipping Forum. The Corridor, a 2022 initiative to decarbonize the busy trans-Pacific shipping route, has set 2030 as its target year for fully zero-emission container ships. Major shippers involved […]
In Texas, the American Bureau of Shipping has published a groundbreaking report in Houston, exploring nuclear propulsion for liquefied natural gas carriers through a model using a high-temperature gas-cooled reactor. This study, conducted with Herbert Engineering Corporation, evaluated a 145,000m³ LNG carrier design, showcasing nuclear technology’s potential to provide faster transit speeds and zero-emission operations […]
In China, China Classification Society awarded Approval in Principle certificates for two innovative dual-fuel vessels—the Honghu ammonia-fueled container ship and the Haijing methanol-fueled bulk carrier—developed by CSSC Huangpu Wenchong Shipbuilding Company in Shanghai. These ship types were showcased at a launch event attended by over 200 representatives from 84 organizations, including shipowners, leasing firms, and […]
In New York, Marine Link reports shipping companies, including NYK and MOL, are advancing ammonia as a marine fuel to cut emissions, with recent launches in Tokyo and Western Australia showing its potential. NYK, alongside IHI Power Systems and ClassNK, launched Sakigake, the first ammonia-fueled tugboat, which began a three-month trial in Tokyo Bay in […]
In Singapore, Manifold Times reports Taiwan’s Wan Hai Lines has placed an order for eight dual-fuel containerships, each capable of running on methanol, to be built by South Korean shipbuilders Samsung Heavy Industries and HD Hyundai Samho. The ships, scheduled to carry up to 16,000 TEUs, come at a combined cost of USD 1.6 billion, […]
