INTERCARGO expresses concern over RightShip’s decision to reduce age limit

INTERCARGO members have voiced deep concerns regarding RightShip’s recent decision to reduce the age limit of bulk carriers eligible for vetting inspections, as discussed during the Association’s Executive Committee meeting held in London on 15th October. This decision was made without prior consultation with the owners and managers of bulk carriers, the very stakeholders who

Maersk orders 12 LNG dual fuel ships

Maersk Line has ordered 12 LNG dual-fuelled 16,000 TEU container ships at a Chinese shipyard. It is reported that each ship is priced at $200 million, with delivery slated in 2028. If the options are exercised, the total contract value will be $2.4 billion. The order raises speculations whether the Danish carrier is rethinking its

Sweden Grants Contract to UK Builder for Zero-Emission Pilot Boat

By include a zero-emission pilot boat, Sweden’s ambitious ambition to decarbonise its marine sector is moving a big stride. By 2045, the nation wants to have net-zero greenhouse gas emissions; so, using this creative vessel is a significant step towards accomplishing that goal. Artemis Technologies has been chosen by the Swedish Maritime Administration (SMA) to

Marine Energy demand may decline with new IMO policies for 2050 goal: IEA

Even although Red Sea shipping interruptions have increased short-term bunker demand, the International Energy Agency said Oct. 16, marine energy demand will eventually drop if the International Maritime Organization offers additional policy incentives to meet its net-zero aim by 2050. The Paris-based energy watchdog stated in its latest annual World Energy Outlook that shipping sector

India studying $2 bn plan for greener boats

India is finalizing plans to offer almost $2 billion in incentives to replace fossil-fuel powered passenger vessels on inland waterways, like barges and ferries, with a cleaner fleet. The initiative, proposed by the shipping ministry earlier this year, will be backed by 149.2 billion rupees ($1.8 billion) in subsidies over ten years and is currently

Busan New Port Completes First Hydrogen Refueling Station for Cargo Trucks

Busan New Port has inaugurated its first hydrogen charging station for cargo trucks, a significant advancement in the port’s shift towards eco-friendly energy. The Busan Port Authority (BPA), under the leadership of President Kang Jun-seok, collaborated with Changwon City and other partners to establish this facility within the New Port’s business office in Yongwon-dong, Jinhae-gu.

Matrix Gas is preparing to launch a green steel utilizing hydrogen to replace coal.

India has started producing green steel as it continues on its path to becoming net-zero by 2070. The first phase of the Steel Ministry’s pilot project to decarbonize the industry is scheduled to begin in Raipur, led by Matrix Gas and Renewables. The soon-to-be public company will replace coal in the production of sponge iron

RE sector set to dominate Indian power industry: MNRE Secretary Prashant Kumar Singh

The renewable energy sector is set to dominate the Indian power industry in the coming years, stated Prashant Kumar Singh, Secretary of the Ministry of New and Renewable Energy. He was speaking at the Brainstorming Conclave organized by the Central Electricity Authority on the Indian Power Sector Scenario by 2047 in New Delhi. He mentioned

Singapore, Shandong Ink Agreement for Green and Digital Shipping Corridor

The Maritime and Port Authority of Singapore (MPA) and the People’s Republic of China’s Shandong Provincial Transport Department signed a memorandum of understanding (MoU) to establish the Singapore – Shandong Green and Digital Shipping Corridor (GDSC). Teo Eng Dih, Chief Executive, MPA, and Gao Hongyan, Deputy Director, Shandong Provincial Transport Department, signed the MoU at

Anthony Veder Pioneers Wind-Assisted Propulsion on Gas Carrier

Anthony Veder proudly announces the launch of two VentoFoils sails onboard of Ethylene carrier Coral Patula, delivered by Econowind. With this installation, Anthony Veder is the first worldwide to install sails onboard a gas carrier. Later this year sister ship Coral Pearl will be equipped with two similar sails. By retrofitting existing gas carriers the