MOL forges offshore wind and green hydrogen partnership

Japanese shipowner Mitsui OSK Lines (MOL) has partnered up with EDF Renewables, a subsidiary of France’s utility EDF, to cooperate on the development of the offshore wind sector and to pursue opportunities in green hydrogen. MOL established its offshore wind business in 2021 and has since been growing its marine renewables footprint with a number

Gunvor forms JV with Solvang for five carbon capture-ready VLGCs

Swiss-based commodity trading giant Gunvor has formed a joint venture with Norwegian gas shipowner to own and operate five LPG carrier newbuilds designed for onboard carbon capture. The JV has placed an order at South Korea’s Hyundai Heavy Industries with deliveries scheduled from September 2026 to July 2027. All five vessels will be on long-term

Navigating the future of maritime excellence and green technology

The 13th edition of INMEX SMM India in collaboration with Hamburg Messe und Congress commenced at the Bombay Exhibition Centre, Goregaon East, Mumbai. With over 200 exhibitors, this event stands as South Asia’s largest maritime exhibition and conference. It offers a platform for global experts, industry players, and enthusiasts to converge, innovate, and address the

Brunvoll propulsion solution for fishing vessel on the opposite side of the globe

Båtbygg AS has placed an order with Brunvoll for a complete propulsion and manoeuvring solution for Austral Fisheries new longline fishing vessel. The vessel is designed by Marin Teknikk AS for operation in the Antarctic Ocean, surrounded by some of the world’s harshest weather conditions. The propulsion and manoeuvring solutions chosen for this vessel consists

IOC to invest over Rs 2,600 crore to set up greenfield units

Indian Oil Corporation has firmed up plans to pump in over Rs 2,600 crore in setting up several greenfield units and expanding its facilities across the northeast over the next few years. The board of IOC has already approved various new projects, while some are in the process of getting the nod, with the leading

INMEX SMM India sets sail towards a sustainable future

INMEX SMM India, South Asia’s most awaited maritime event is back with its 13th edition from 4th to 6th October 2023 at the Bombay Exhibition Centre, Mumbai. With 200+ exhibitors, it’s renowned as a central hub for maritime growth, knowledge exchange, and innovation. While leveraging India’s strategic location along major shipping routes and its extensive

CRI, Jiangsu Sailboat start up world’s most efficient CO2-to-methanol plant

Carbon Recycling International (CRI) and Jiangsu Sailboat have successfully started up one of the world’s most efficient CO2-to-methanol plants. An opening ceremony took place on September 25th at the Shenghong Petrochemical Industrial Park. This marks a significant milestone in the global effort to boost the production of sustainable methanol – a valuable fuel and chemical

Approval in Principle for Methanol Superstorage solution on existing ships

A new and space efficient retrofit methanol storage solution from SRC Group has received Approval in Principle from Lloyd’s Register, signifying that no major conceptual issues have been identified as standing in the way of its securing classification approval and regulatory compliance. Methanol Superstorage offers the potential for ships with years of service ahead to

ClassNK joins major classification societies by amending rules for seawater-lubricated shafts

Nippon Kaiji Kyokai (ClassNK) has joined the major classification societies to amend its rules relating to the inspection of seawater-lubricated propeller shaft systems. The amendment means that ships with open seawater-lubricated propeller shafts that are built to ClassNK rules are subject to the same 15-year shaft withdrawal inspection periods as oil-lubricated shafts and sterntubes, subject

Vesta’s efforts to bring climate change

The Jumeirah Beach district of Dubai, United Arab Emirates. San Francisco-based Vesta wants to dump ground-up olivine on beaches and into seawater in an attempt to speed up the ocean’s natural ability to remove carbon dioxide. The Hajar Mountains reach nearly 3,000 meters above sea level, tracing the coastline of Oman and the United Arab