Offshore oil needs more shuttle tankers as volumes requiring transport set to rise

Demand for shuttle tankers in countries with robust offshore oil production and limited pipeline infrastructure is set to grow continuously in the coming years, as produced volumes in need of transport rise to 3.3 billion barrels per year before the end of the decade, jumping 35% from 2.5 billion in 2021, a Rystad Energy report

HHI Group sets out to create new standard in sea transport with robotics and green fuel

Hyundai Heavy Industries (HHI) Group plans to set new standard in sea transportation through autonomous navigation, liquid hydrogen transport, and intelligent robotics technology. “Hyundai Heavy Industries Group has grown into the world`s biggest shipbuilder over the past 50 years. Now, it will become a “Future Builder,” creating new values for humankind,” said Chung Ki-sun, CEO

Spliethoff group vessels trialling biofuels

Spliethoff Group has announced it is trialling the use of biofuels for its vessels. The first trial took place between June and November last year on BigLift Shipping’s heavy transport vessel (HTV) BigLift Baffin. The vessel was supplied with a blend of 50 per cent FAME-based biofuel – a second generation biofuel, made from waste

Maersk opts for 4 more methanol-powered boxships

A.P. Moller – Maersk has declared options with South Korean shipbuilder Hyundai Heavy Industries (HHI) to build four additional 16,000 teu dual-fuelled vessels able to operate on carbon neutral methanol. The deal is worth close to KRW840bn (around $700m), Korea Shipbuilding & Offshore Engineering (KSOE), the shipbuilding holding company of HHI, said in a regulatory

EEXI and CII – shipping’s next environmental challenge

There cannot be many people left in the shipping sector unaware that the International Maritime Organisation (IMO) has set a target of reducing annual greenhouse gas emissions in shipping by at least 40% by 2030 and pursuing a 70% reduction by 2050. As a key means of achieving this, the IMO, through the Marine Environment

More carriers eye scrubber installation as price gap between fuels gets wider

As the price gap between low-sulphur fuel oil (LSFO) and heavy fuel oil (HFO) widens, almost 30% of the global containership fleet capacity is now equipped with scrubber technology, according to an Alphaliner survey. The consultant said the number of container vessels fitted with scrubbers increased by 150 last year, to 850 ships for 7.52m

Europe’s largest inland port to become hydrogen pioneer

Rolls-Royce says it will ensure a climate-neutral energy supply at the container terminal currently under construction at the Port of Duisburg in Germany. Rolls-Royce’s Power Systems business unit is supplying its latest mtu hydrogen technology for this purpose, in order to supply the future terminal with electrical energy and heat in a sustainable manner: mtu

Hybrid and full electric marine propulsion market to hit $7,516.7 mn by 2026

The global hybrid and full electric marine propulsion market bears a fairly fragmented vendor landscape, says Transparency Market Research (TMR) in a recently published report. This is solely because of the existence of large, medium, and small scale players in the market. BAE Systems, Wartsilla Corporation, AB Volvo Penta, Niigata Power Systems, and Fairbanks Morse

Green ships ahoy along vital corridors

Australia’s biggest miners are preparing for a day of reckoning. Shipping accounts for two to three per cent of global greenhouse gas emissions so manufacturers and retailers are no longer just considering what appears in national targets. Even though individual governments are not on the hook for these supply chain emissions, some of Australia’s largest

World’s largest ethane carrier delivered

Jiangnan Shipyard, located just north of Shanghai, has this week delivered the world’s largest ethane carrier to UK firm Ineos. The 60,000 dwt Pacific Ineos Belstaff very large ethane carrier can carry 99,000 cu m of liquified gas. The vessel features a large B-type tank along with a gas containment system developed by the shipyard