In Hong Kong, HSBC Hong Kong, Cathay Pacific and EcoCeres are launching an initiative to support the use of sustainable aviation fuel. By bringing together Hong Kong’s largest bank, its home airline, and a local SAF producer, the collaboration aims to support a key innovation for the long-term decarbonization of air travel and foster a […]
In Hong Kong, the Hong Kong and China Gas Company Limited (Towngas) and Chimbusco Pan Nation Petro-Chemical Company Limited (CPN) have recently signed a Memorandum of Understanding (MOU). Both parties agreed to establish a long-term partnership to jointly develop domestic and international green methanol marine fuel markets. Under the terms of the agreement, Towngas and […]
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 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 […]
In the Netherlands, Offshore Energy reports COSCO Shipping Energy and COSCO Shipping Heavy Industry have received approvals in principle from classification giants ABS, CCS, and DNV for their ammonia dual-fuel carrier design, marking a milestone for green shipping. The approvals, issued on October 30, 2024, endorse a 50,000 cubic meter vessel capable of transporting both […]
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 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 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 the Netherlands, Offshore Energy reported that Hamburg Port Authority (HPA) and the Port of Shanghai have signed at a forum in Shanghai a memorandum of understanding (MOU) to establish a green shipping corridor. Together with shipping giant COSCO Shipping Lines and the Shanghai International Port Group (SIPG), the Shanghai Municipal Transportation Commission (SMTC) and […]
