In Norway, Færder Tankers, a Norwegian shipping firm announced the signing of a memorandum of understanding with Copenhagen Infrastructure Partners to develop ammonia-fueled medium gas carriers for CiP’s clean ammonia projects, with the first 50,000-cubic-meter-capacity vessel expected by 2028. These next-generation ships will feature dual-fuel ammonia engines, advanced maneuverability, and full bunkering capabilities, enabling green […]
In Malaysia, The Malaysian Reserve reports the Port of Tanjung Pelepas in Malaysia, a joint venture between MMC Group and APM Terminals, completed its inaugural methanol bunkering operation for Maersk’s Antonia Maersk, a dual-fuel container vessel, on an unspecified recent date, showcasing its capacity for alternative marine fuels and sustainable shipping. The Antonia Maersk, the […]
In Singapore, Mitsui O.S.K. Lines inked a wide-ranging memorandum of understanding with the Maritime and Port Authority of Singapore, committing to collaborate on decarbonization, digitalization, and workforce development across the maritime sector. The agreement aims to bolster efforts in reducing emissions through next-generation fuels like ammonia and hydrogen, improve voyage efficiency with digital tools, and […]
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, […]
