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

ClassNK issues AiP for coastal liquefied CO2 carrier developed by Mitsubishi, Nippon Gas Line

ClassNK has issued an Approval in Principle (AiP) for a design concept of a coastal liquefied CO2 carrier jointly developed by Mitsubishi Shipbuilding Co., Ltd. and Nippon Gas Line Co., Ltd. In building the CCS value chain, in addition to large ships transporting CO2 domestically and internationally, coastal vessels that collect CO2 from small-scale emission

Higher biofuel blend loads on Type I ships considered by IMO

A proposal to deliver up to 30% biofuel blends on Type I barges is being reviewed by the International Maritime Organization (IMO), which is anticipated to approve it shortly, according to a number of important maritime assessors and classification societies. Since the proposal would enable the sale of B30 utilizing the current fleet of IMO

Hapag-Lloyd concludes green financing of its 24 new container ships

Hapag-Lloyd will use green financings for the 24 large container ships it ordered in October 2024. The newbuildings will have a combined capacity of 312,000 TEU and involve a combined investment volume of around $4 billion.  The financing consists of four components. Around $900 million of the purchase price will be financed using the company’s

First methanol-powered tugboat highlights a greener future

At first glance, there’s nothing to distinguish Tug 21 from any other working tugboat at the Port of Antwerp-Bruges in Belgium. With its bright red and white wheelhouse perched above a round black hull, it’s easily lost among the many tugboats guiding ships back and forth on the busy harbour. But take a look below

ZeroNorth achieves first operating profit amid growth in shipping’s energy transition

Four and a half years after its founding, ZeroNorth achieved its first month of positive earnings before interest, taxes, depreciation, and amortisation (EBITDA), in December 2024. This achievement comes on the back of significant growth, with the company reaching just under $40 million in annual recurring revenue (ARR) for the year, a 38% increase from