Singapore, Japan work on green shipping corridor

The Ministry of Transport of the Republic of Singapore (MOT) and the Ministry of Land, Infrastructure, Transport and Tourism of Japan (MLIT) have signed a Memorandum of Cooperation (MoC) to establish a Singapore – Japan Green and Digital Shipping Corridor. Signed by Chee Hong Tat, Acting Minister for Transport, and Saito Tetsuo, Minister of Land,

Singapore and Japan agree green shipping corridor

The Ministry of Transport of the Republic of Singapore (MOT) and the Ministry of Land, Infrastructure, Transport and Tourism of Japan (MLIT) have signed a memorandum of cooperation to establish the Singapore – Japan Green and Digital Shipping Corridor. Japan is one of Singapore’s top 10 trading partners, and the trade volume between the two

Carrier Transicold, GIZ agree to advance cold chain development and decarbonization

Carrier Transicold and the Greener Reefers in International Maritime Transport initiative of the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH have agreed to collaborate to advance cold chain development and training in Costa Rica and South Africa. The memorandum of understanding, which was signed at the 2023 UN Climate Change Conference (COP28) in the United

Wison Offshore & Marine’s FGMP gets approval-from BV

In China, I Marine reported that Bureau Veritas (BV) issued an Approval-in-Principle (AIP) to Wison Offshore & Marine’s Floating Green Methanol Plant (FGMP) solution. The report highlighted that the recognition is a required step for the commercialization and industrialization of this technology. Wison Offshore & Marine’s Floating Green Methanol Plant is a floating plant that

Ship finance lenders make headway on emission targets

The 34 banking signatories to the Poseidon Principles, representing a loan portfolio to global shipping of about $240 billion, have reported a joint improvement in emissions reduction scores in 2023 based on initial IMO targets. In its fourth annual report, the framework for measuring and reporting the alignment of lenders’ shipping portfolios with climate goals

Bernhard Schulte enters liquefied CO2 trades

Germany’s Bernhard Schulte is expanding into liquefied carbon dioxide shipping with its first CO2 carrier order. The shipowning business of family-owned Schulte Group with a diversified fleet of 80 fully or partly owned vessels, has contracted China’s Dalian Shipbuilding Offshore (DSOC) for a 7,500 cu m LNG dual-fuel capable liquefied CO2 carrier newbuild backed by

X-Press Feeders to launch Baltic-Scandinavia green shipping routes

X-Press Feeders has revealed its intention to pioneer the use of dual-fuel vessels powered by green methanol, establishing environmentally friendly routes to the Scandinavia-Baltic region of northern Europe starting early next year. The maritime shipping company, which operates a fleet of more than 100 vessels, has 14 dual-fuel vessels on order and due for delivery

MAN Energy Solutions to supply main engines and generator sets for naval frigates

Damen Naval – the Dutch shipyard based in Vlissingen, the Netherlands, and part of the Damen Group – has contracted MAN Energy Solutions to supply the propulsion engines and GenSets for four newbuilding Anti-Submarine Warfare (ASW) Frigates. The order consists of 8 × MAN 20V28/33D STC marine engines and 16 × variable-speed MAN 16V175D-MEV naval

Sustainable warehousing: Paving the way for a greener logistics landscape

In 2023, the net absorption for warehousing and light manufacturing demand is estimated to reach 39 mn sq ft. The growth trend is expected to continue, with demand to increase by 16.6% to reach 61.5 Mn Sq.ft. and the supply correspondingly increasing to 61.9 mn sq ft. by 2026, which will be an increase of

Liner shipping outlines its four greenhouse gas ‘cornerstones’

The World Shipping Council (WSC), liner shipping’s lobby group, has taken on the rallying call made at COP28 a week ago by some of its largest members and sent the International Maritime Organization (IMO) a paper outlining its four “cornerstones” critical to an effective IMO greenhouse gas agreement. In arguably the single largest shipping headline-grabbing