Council and Parliament reach provisional deal on EU ETS

The Council and the European Parliament reached a provisional political agreement on important legislative proposals of the ‘Fit for 55’ package that will further reduce emissions and address their social impacts. The deal is provisional pending formal adoption in both institutions. The EU Emissions Trading System (EU ETS) is a carbon market based on a

Marinfloc delivers methanol fuel container vessels project

Marinfloc has initiated delivery of their combined EGR bleed-off and Bilge water separators for a major South Korean newbuilding project. To date, three of a total of twelve shipments for the 16,200 TEU methanol-powered vessels have been sent. ABS, Lloyds, DNV and MAN Energy Solutions have approved Marinfloc’s innovative solution, which also complies with MEPC.107(49)

Iberdrola to invest €1.1 bn in green hydrogen and methanol plant

Iberdrola has announced intentions to invest more than €1.1 billion (around $1.7 billion) in a green hydrogen and methanol plant in Tasmania. Iberdrola is partnering with Australian hydrogen developer Abel Energy to build the plant in Bell Bay. The Australian government is backing the project. Iberdrola and Abel Energy said the plant will be one

Spectacular ordering for LNG carriers in 2022

Clarksons Research has tallied a record total of 170 LNG carriers ordered so far in 2022, up 95% on the 2021 full year total, with records also broken in terms of prices paid for these most prized ship orders. Spot rates for LNG carriers soared to incredible highs this year, peaking at close to half

Shell, Eneco win bid to develop offshore wind power

Shell and Eneco have won the tender to build an offshore wind farm at Hollandse Kust (west) lot VI. The project will have an installed capacity of approximately 760 MW and will be located approximately 53 kilometres off the Dutch coast from the town of IJmuiden. The new wind farm will be delivered through a

Maersk signs MoU with SunGas for green methanol

A.P. Moller – Maersk has signed a green methanol letter of intent with Houston-based SunGas Renewables, which provides technology and equipment systems for large-scale production of renewable fuels. This is Maersk’s ninth such partnership to drive the acceleration of global production capacity for green methanol. The letter of intent covers the production of green methanol

Hydrogen shipping from Scotland to Rotterdam explored

An international consortium has launched a study on the feasibility of shipping hydrogen at scale from Scotland to the Port of Rotterdam in the form of methylcyclohexane. Methylcyclohexane (MCH) is a chemically stable liquid produced from toluene and hydrogen that can be transported under ambient temperatures and pressure in chemical carriers. Parties behind the project

HMM orders dual fuel ships

HMM is the latest shipping line to be veering towards methanol dual fuel orders with multiple local media outlets suggesting it has invited tenders from Korean yards to build up to nine 8,000 teu dual fuel ships. Hyundai Heavy Industries, Samsung Heavy Industries, Daewoo Shipbuilding & Marine Engineering and HJ Shipbuilding & Construction are all

ITF calls for carbon pricing for shipping

The International Transport Forum (ITF), part of Paris-based OECD, has called for the swift implementation of carbon pricing for shipping to speed up the sector’s shift towards zero-emission ships. The price gap between conventional and zero-emission ship fuels hinders the adoption of known and sometimes available technological solutions, the ITF has argued in a new

Samudera Shipping buys stake in NYK LNG EW

Samudera Shipping Line is boosting its stake in the liquified natural gas shipping joint venture LNG East-West Shipping (LNG EW). The Singapore-listed company said in a filing it had struck a deal to purchase close to 8.6m ordinary shares from Japan’s Nippon Yusen Kaisha (NYK) corresponding to about 25% stake in the LNG EW. The