Report outlines policy measures to make zero-emission shipping commercially viable

A new report launched by the Getting to Zero Coalition on 18 January has outlined policy measures that could help ‘close the competitiveness gap between fossil fuels and zero-emission alternatives in shipping as well as enable an equitable transition’. Entitled Closing the Gap, the report has been prepared for the Coalition by UMAS. Explaining the

France LNG shipping SAS and EDF LNG shipping ink long-term charter contract

NYK affiliated company France LNG Shipping SAS has signed a long-term charter contract for a new LNG carrier with EDF LNG Shipping SAS. Scheduled for delivery in 2025 from Hyundai Samho Heavy Industries Co., the newly built LNG carrier will be feature WinGD-manufactured, dual-fuel slow-speed diesel engines. The carrier will also feature an Air Liquide-manufactured

ICS, IRENA collaboration to advance global green fuel transition

ICS has signed a Partnership Agreement with the International Renewable Energy Agency (IRENA) to support the decarbonisation of the shipping sector and its role in the transition towards a global energy sector based on renewables. The partnership will provide a framework over the next two years for ICS and IRENA to assist with the decarbonisation

Nuclear Fuel Mining Market Poised to Expand at a Robust Pace Over 2027

Nuclear fuel mining is mining of uranium and thorium, which are widely used nuclear fuels found in the earth’s crust. Especially, uranium is used on a large scale and it is found naturally, with an average concentration of 2.8 parts per million (ppm) in the earth’s crust. Uranium is more abundant than silver, mercury, and

China’s 2021 oil refinery output rises 4.3% to record on strong demand

China’s refinery output hit a record in 2021, up 4.3% from 2020, on robust first-half fuel demand and as refiners ramped up processing to fill a supply gap after a hefty new tax closed loopholes in blending fuel imports. Total refinery throughput last year reached 703.55 million tonnes, or 14.07 million barrels per day (bpd),

‘Thank God I won’t be on board’ – Maersk methanol ship design under fire

Maritime veterans do not appear to think much of Maersk’s new methanol vessel design, saying the forward-situated superstructure will cause a host of problems. Ex-ship’s captain Arjun Vikram-Singh, currently CEO of Quantum BSO, said: “Thank God I’m ashore,” and called the new design a “monster”. He added: “I hate to think of the poor souls

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