MPCC opts for 2 methanol dual-fuel ships

Norwegian shipping company MPC Container Ships (MPCC) has signed a $55 million pre- and post-delivery ECA-covered financing agreement with Deutsche Bank and SINOSURE for its two dual-fuel methanol newbuildings. The two vessels feature dual-fuel engines that enable operation on green methanol. Thus, this financing has been internally classified by the lender as ‘Sustainable Finance’ as

WinGD to debut short-stroke engine design

Swiss marine power company WinGD will record the first installation of its new X-S short-stroke engine design following successful factory acceptance tests with engine builder Dalian Marine Diesel in March. The six-cylinder, 62cm-bore 6X62-S2.0 engine will be installed on a pulp carrier being built for a Chinese owner at COSCO Dalian shipyard. The X-S series

MarineDOT cuts fuel consumption by 100,000 gallons using ABB technology

The USA’s Maine Department of Transportation (MaineDOT) is to use ABB technology to power a new double-ended, hybrid-electric vessel, which will operate between Lincolnville and the island community of Isleboro. The newbuild ferry will replace the 35-year-old diesel-powered ferry Margaret Chase Smith to reduce fuel consumption by 100,000 gallons per year. ABB will provide the

CMA CGM invests $214m in shipping decarbonisation

French liner CMA CGM and French public sector investment bank Bpifrance have launched a €200m ($214.5m) fund to push forward the French maritime industry’s energy transition. Of the €200m, €20m will go to help decarbonise fleets of French shipping firms, €110m and €50m will be assigned to grants and equity investments, respectively, for maritime decarbonisation

SEB adds shipping to 2030 net zero target

Swedish bank SEB has set a net zero-aligned 2030 target for the shipping sector in line with its commitment to the Net Zero Banking Alliance. The Net Zero Banking Alliance is a group of global banks committed to financing climate action to transition the real economy to net zero greenhouse gas emissions by 2050 and

MB Shipbrokers and Azolla create decarbonisation solution

MB Shipbrokers, formerly known as Maersk Broker, and maritime engineering firm Azolla have started a strategic collaboration aimed at accelerating the decarbonisation efforts of ship owners, operators, and charterers. This partnership addresses the issues of technology, future fuels, regulations, and global standards, as it provides a comprehensive turnkey solution covering technical, commercial, and implementation considerations

SJVN begins operations of 1500 MW Nathpa Jhakri hydro power station

SJVN Limited has achieved a significant milestone with the inauguration of India’s first Multi-purpose (Combined Heat & Power) Green Hydrogen Pilot Project at SJVN’s 1,500 MW Nathpa Jhakri Hydro Power Station (NJHPS) in Jhakri, Himachal Pradesh. The green hydrogen produced from the project will be utilized for High Velocity Oxygen Fuel (HVOF) Coating Facility of

ZeroAvia offers key hydrogen-electric engine components

ZeroAvia announced that it will be offering some of its key components designed for its hydrogen-electric engines to other clean aviation innovators. The move allows ZeroAvia to build upon the multi-billion dollar per annum market for its hydrogen-electric powertrain family, maximizing the company’s investment in R&D and its strategy of vertical integration, as well as

Electric vessels leading Singapore’s decarbonization journey

The Maritime and Port Authority of Singapore (MPA) recently commenced the country’s first pilot trial for an electric harbor craft charging point. Alongside other recent advances in maritime electrification, it marks another important step toward the city-state’s target of net zero emissions by 2050. Located at Marina South Pier, the new charging point features a

Hanwha Ocean invests into ammonia technology with Amogy

Korean shipbuilder Hanwha Ocean has partnered with sibling company Hanwha Aerospace to use technology from ammonia-to-power business Amogy in a fuel cell system to power ships with ammonia. The shipbuilding company will use Amogy’s technology for ammonia-powered vessels as part of its drive to support sustainable shipping solutions. The contract will see Hanwha Ocean, part