IEA says oil demand set to peak by 2029

The International Energy Agency (IEA) predicts that global oil demand will peak by 2029, after which it will gradually decline as renewable energy sources become more prevalent. This forecast aligns with the global push toward cleaner energy and the increasing adoption of renewable technologies. Contrarily, the Organization of the Petroleum Exporting Countries (OPEC) anticipates that

Mitsubishi Shipbuilding bags orders for methanol-fueled RORO cargo ships

Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, has received orders from Toyofuji Shipping and Fukuju Shipping for Japan’s first methanol-fueled roll-on/roll-off (RORO) cargo ships. The two ships will be built at the Enoura Plant of MHI’s Shimonoseki Shipyard & Machinery Works in Yamaguchi Prefecture, with scheduled completion and delivery by the end

Hempaguard Marine Coating earns DNV validation

The performance of Hempel’s silicone-based hull coating solution, Hempaguard X7, and its ability to accelerate decarbonization efforts in the maritime industry are now third-party validated by DNV. According to Hempel, external validation by DNV allows it to better demonstrate the value of Hempaguard to its customers, including energy efficiency gains and carbon emissions reductions. DNV’s

Study says cutting pollution from shipping accelerates heating of oceans

News of a study made recent climate headlines stating that cutting pollution from global shipping accelerates heating of our planet and oceans. The study concludes that UN air pollution rules introduced in 2020 aimed at cutting sulphur content in shipping fuels caused an “inadvertent geoengineering termination shock”, with significant global warming impacts. Many leading scientists

MGC brings out commercial output of bio-methanol using sewage gas

Mitsubishi Gas Chemical (MGC), a Japanese petrochemical producer, has begun commercial output of bio-methanol by using sewage gas at its Niigata plant in northwest Japan’s Niigata prefecture. This is part of its efforts in the latest project to decarbonise methanol manufacturing. It buys sewage gas, consisting of methane and carbon dioxide (CO2), from Niigata prefecture’s

MAN Energy Solutions re-joins SEA-LNG

MAN Energy Solutions has re-joined SEA-LNG, a coalition dedicated to the commercial and environmental benefits of LNG for maritime applications. Based in Germany, MAN Energy Solutions provides propulsion solutions for liquefied natural gas (LNG) marine applications. With a focus on sustainability, the company ensures that its technology is fully compatible with Net Zero biomethane and

Green ship projects get $113.5 mn support

A total of fifteen green ship projects will receive NOK 1.2 billion (about $113.5 million) in support from Enova, a Norwegian government enterprise, in the latest round of the country’s investments in decarbonizing maritime transport. This is “the largest-ever allocation” Enova has made to greenify domestic maritime transport. The support was announced during an event

Jakson Green wins NTPC order to produce 4G ethanol

Jakson Green said it has bagged an order from state-owned NTPC for setting up a plant to produce 4G ethanol from flue gas. The proposed plant at Lara in Chhattisgarh will produce 10 tonnes per day (TPD) of 4G ethanol from flue gases emitted from power plants, a company statement said. Using the latest carbon

Wärtsilä propulsion solutions expected to deliver 5% fuel savings

Technology group Wärtsilä today announced it will supply its EnergoFlow and EnergoProFin propulsion solutions to four medium range tankers in the International Seaways fleet. The devices will be used to upgrade the ships’ existing Wärtsilä controllable pitch propeller system resulting in an estimated five percent (5%) in fuel savings. These will be the first Ice

Seanergy partners with Costamare for dual capesize charter deal

Seanergy Maritime Holdings Corp. announced the delivery of a previously-announced Capesize vessel acquisition, the M/V Iconship, and the simultaneous commencement of its time charter (T/C) employment. The Vessel is a 181,392 dwt Capesize bulk carrier, built in 2013 by Imabari Shipbuilding Co., Ltd., in Japan. The M/V Iconship has been fixed on a time-charter with