G2 Ocean targets to become netzero by 2050

G2 Ocean, a Norwegian bulk shipping joint venture between Gearbulk and Grieg Star, has committed to becoming net zero emissions by 2050 and to bring in zero emission vessels by 2030. The company said that in addition to the reduction of greenhouse gas emissions per transported unit by a minimum of 40% by 2030 from

Maersk signs MoU with Egypt on green fuel production

Maersk and Egyptian authorities have signed a partnership agreement to explore the establishment of large-scale green fuel production in Egypt. The Memorandum of Understanding (MoU) was signed on Monday in a joint bid to further accelerate the supply of green fuels and the global transformation to net-zero shipping. The parties will be conducting a feasibility

ABB launches digital solution for shipowners

ABB Turbocharging has launched a comprehensive digital solution that is said to offer shipowners simplified management of propulsion efficiency and emissions reporting as well as up to 20% reduction in fuel consumption. Named Tekomar XPERT marine, the system functions across all engines regardless of make, type and age. It comprises three modules covering the engine,

ABS presents the latest advances in sustainability

More than 30 maritime industry leaders from across Denmark, Norway, Sweden and Finland attended the ABS Northern Europe Committee to hear about the latest ABS advancements in sustainability and classification services. “We are pioneering new sustainability strategies and services to support our clients and members through their decarbonization journey. Because the sustainability challenge is too

Mærsk plans to produce green fuel for its ships

Danish container shipping company Mærsk and Danish green energy producer Ørsted have signed an agreement to produce green marine fuel in the US. To do so, Ørsted will build a so-called power-to-x plant using wind power to produce hydrogen gas. It will then be converted into liquid green fuel for Mærsk. This green fuel will

MAN,HSD sign an MoU for EEXI compliance

MAN Energy Solutions has signed a cooperation agreement with HSD Engine Co., Ltd., to deliver its EEXI (Energy Efficiency eXisting ship Index) solutions to MAN B&W-branded low-speed engines manufactured by HSD. These come either as a complete package with an assessment report, or just a standalone OPL (Overridable Power Limitation) solution – depending on customer

MAN and DNV sign MoU on decarbonisation and digitalisation

MAN Energy Solutions and classification society, DNV, signed a Memorandum of Understanding (MoU). Effective immediately, the MoU is due to run for a period of three years. Under the terms of the memorandum, the two companies will – by June 30th, 2022 – detail action plans within the fields of decarbonisation, the hydrogen value-chain and

MGO sales in Panama down by 9.7%

Some 377,649 metric tonnes (mt) of marine fuel were sold in Panama last month – 9.7% down on the 418,415 mt registered in February 2021. Last month’s total also represented a 16.4% drop on the 451,664 mt of marine fuel sales recorded in January. A total of 229,359 mt of very low sulphur fuel oil

R&D for green fuel fund gets new thrust from maritime groups

Maritime groups hope progress to establish a research and development (R&D) fund meant to find the green fuel of the future can accelerate now that they have addressed concerns about the fund raised by some nations. The organizations — including the International Chamber of Shipping (ICS), BIMCO, Intertanko, and the World Shipping Council (WSC) —

SCZone meets with A P Moller-Maersk to talk green fuel

The Head of the Suez Canal Economic Zone (SCZone) Yahya Zaki met with a delegation from the A P Moller-Maersk Group to discuss cooperating to implement projects for the production of green fuels and the use of methanol and green ammonia. A.P. Moller-Maersk held a three-day workshop to discuss implementing projects within the SCZone, especially