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, […]
In Singapore, the Maritime and Port Authority of Singapore is updating its Green Ship Program, offering incentives for Singapore-registered vessels using low- and zero-emission fuel technologies, starting January 1, 2025. Ships that adopt zero-emission engines, like hydrogen or electric batteries, will qualify for a 100% waiver on both initial registration fees and annual tonnage tax. […]
In Denmark, European Energy has secured a €50 million EU Innovation Fund grant to build a green methanol facility in Denmark, which will produce over 100,000 tonnes of green methanol annually. The project aims to reduce CO2 emissions by 150,000 tonnes per year, advancing the EU’s green transition goals. Construction is expected to start in […]
In Singapore, Ship & Bunker reports, the Port of Singapore has overtaken Rotterdam as the world’s largest biofuel bunker port in the third quarter of this year, driven by a 67.5% rise in sales to 227,000 metric tons, surpassing Rotterdam’s 137,175 metric tons. Ronald Backers, the Port of Rotterdam’s head of liquid bulk business intelligence, […]
In South Korea, shipbuilder Hanwha Ocean and the Singapore-based Global Centre for Maritime Decarbonization announced a five-year strategic partnership aimed at advancing low- and zero-carbon solutions in the maritime sector. The collaboration will focus on alternative fuels, energy efficiency technologies, and onboard carbon capture, marking GCMD’s first partnership with a South Korean shipbuilder. The alliance […]
In Denmark, the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping released survey findings on the maritime community’s perception of ammonia as a marine fuel. As the International Maritime Organization targets net-zero emissions by 2050, ammonia is emerging as a promising alternative fuel. Yet, concerns linger about safety, training, and regulation readiness. The survey reached […]
In China, at the North Bund Forum in Shanghai, the Hamburg Port Authority and the Port of Shanghai signed a memorandum of understanding to establish a green shipping corridor, aiming to decarbonize maritime transport between Europe and Asia. The agreement, announced during the three-day forum hosted by the Ministry of Transport and the Shanghai government, […]
In France, CMA CGM Group and SUEZ signed a memorandum of understanding to develop biomethane production facilities, aiming to decarbonize maritime transport in Europe, targeting production of up to 100,000 tonnes of biomethane per year by 2030. CMA CGM, headquartered in Marseille, is a global leader in shipping and logistics, committed to achieving Net Zero […]
In Singapore, bunker intelligence platform ENGINE reported a shrinking price gap between liquefied natural gas and biofuel blends in Singapore, driven by a sharp drop in Brent crude oil prices. Brent futures fell by $5.98/bbl over the week, easing supply concerns in the Middle East and exerting downward pressure on global fuel benchmarks. The narrowing […]
