EU awards €7.8 mn for Steesmat Project

The Horizon Europe program of the EU’s Steesmat project has been awarded €7.8m (US$8.2m) to build a medium voltage direct current (MVDC)-based power system that would replace the present conventional alternating current (AC) systems. Thirteen European partners will work together to develop a power distribution system specifically designed to meet the requirements of zero-emission vessels,

ICS calls for urgent progress on GHG emissions regulations at IMO

Following the conclusion of the 18th session of the IMO’s Intersessional Working Group on Reduction of GHG Emissions from Ships (ISWG-GHG 18), the International Chamber of Shipping (ICS) has emphasized the need for accelerated progress on greenhouse gas (GHG) regulations ahead of the Marine Environment Protection Committee (MEPC 83) meeting in April. Guy Platten, Secretary

Infra, investment shortages jeopardize EU’s decarbonization goal: Report

According to the Draghi study on the future of European competitiveness, the shipping industry is one of the most challenging sectors to decarbonize, while easy access to sustainable marine fuels is a major priority. According to estimates, shipping will need investment of over €40 billion a year between 2031 and 2050 in order to meet

COSCO Shipping Energy Transportation orders six tankers

COSCO Shipping Energy Transportation declared that it would build six new tankers with an investment of RMB3.4 billion ($470 million). The new construction project consists of two 74,000 dwt methanol-fuel-ready tankers at COSCO Shipping Heavy Industry (Dalian) that will be delivered in 2027; two aframax 114,200 dwt methanol dual-fuel tankers and two 109,900 dwt LR2

DNV issues guidance to help navigate sustainability regulations

With the Hong Kong Convention (HKC) set to take effect this year, shipowners should ensure compliance with regulatory controls and inspections governing ship recycling for their vessels. DNV’s latest guidance paper “Safe and Green Recycling for Ship Owners” outlines how they can work in line with both existing EU Ship Recycling Regulations (EU SRR) and

Wärtsilä and Elomatic sign licensing and cooperation agreement on Elogrid™ technology

Technology group Wärtsilä and international consulting and engineering company Elomatic have signed a licensing and cooperation agreement covering the intellectual property rights, technology, and use of trademark of Elomatic’s unique Elogrid solution. Elogrid is a transverse thruster grid technology, which is designed to reduce vessels’ fuel consumption while also enhancing thrusters’ performance. This technology improves

Svanehøj to supply CO2 pumps for INEOS’ Project Greensand in the North Sea

INEOS, the global leading petrochemicals company, has selected ITT’s Svanehøj to supply CO₂ pumps for the onshore facility and the first LCO₂ carrier for Project Greensand in the Danish North Sea. This strategically significant order further strengthens Svanehøj’s position in carbon capture and storage (CCS), reinforcing its track record as a trusted specialist in critical

Hanwha in talks for $1.2b LNG vessel deal with Hapag-Lloyd

Hanwha Ocean is reportedly nearing a $1.2 billion deal with German shipping company Hapag-Lloyd to supply six dual-fuel container carriers powered by liquefied natural gas (LNG). According to reports from Norway-based maritime news outlet TradeWinds and local media on Sunday, the deal is based on unfinalized orders placed by Hapag-Lloyd in 2021 with what was

Hambantota International port expands bunkering with new HSFO facilities

Hambantota International Port (HIP) marked a significant milestone in January 2025, by successfully integrating High Sulphur Fuel Oil (HSFO) into its range of bunkering services. Now offering a complete suite of marine fuels, including Very Low Sulphur Fuel Oil (VLSFO) and Marine Gas Oil (MGO/MDO). This development strengthens Sri Lanka’s position in the global maritime

Partnership working to create methanol fuel cells for cruise ships

Meyer Werft, the German Aerospace Center, and Freudenberg Fuel Cell e-Power Systems have launched a collaboration with the aim of developing proton exchange membrane (PEM) fuel cell systems for use in marine propulsion. The Zero4cruise project will focus on the use of methanol with the PEM fuel cells, allowing the technology to be used to