Industry-wide cooperation, knowledge sharing vital for net zero: IUMI

Global ocean hull premiums rose in 2022 by 5.7% to reach $8.4bn, delegates attending annual gathering of the International Union of Marine Insurance (IUMI) were told. This was largely due to a combination of growing activity, increased vessel values and reduced market capacity. Claims for the same period remained moderate although early 2023 has witnessed

CMA CGM, Maersk join forces to accelerate the decarbonization

A.P. Moller – Maersk A/S (Maersk) and CMA CGM have decided to join forces on several areas relating to decarbonization, in full compliance with all laws and regulations. As frontrunners of the energy transition in shipping, both companies are convinced that joint action will help accelerating the green transition in shipping, learning from each other

ENGINE launches marine fuel trading service

Five years after launching a bunker information and news platform, ENGINE has diversified into bunker trading and launched a new worldwide marine fuel trading service. ENGINE said that the decision to expand into trading with the newly formed bunker company ENGINE X came after witnessing the difficulties clients frequently face when executing trades, in a

Monjasa enables Latin America’s largest ISCC-certified marine biofuels option

By enabling a sustainable and scalable biofuel option for the maritime industry in Latin America, global top 10 marine fuels supplier, Monjasa, prepares for the changing fuel mix of the future. However, Monjasa still awaits the shift away from biofuel trial voyages to a broader pick-up in demand. Drop-in fuels are considered a viable option

Concordia Damen contracted to deliver a 5,400 HP River Pusher

Paraguayan shipowner and operator ‘Girona S.A. – Rio Sur Transporte y Logistica’ has contracted Dutch inland shipping construction yard Concordia Damen to build a ‘CDS4115’ Shallow Draft 5.400 HP River Pusher to expand its fleet. The family-owned company is one of the most traditional waterway transport companies in Paraguay, serving many customers along the 2695

India-Middle East-Europe Economic Corridor to help Adani

One of the significant agreements on the sidelines of the G-20 summit is the India-Middle East-Europe Economic Corridor, which is seen as a rival to China’s Belt and Road initiative and is expected to provide an alternative route for shipments to Europe. The plan will benefit the Adani group, which has already paid $1.2 billion

Econowind scales up with support from NOM and Horizon Flevoland

Using the power of the wind, ocean-going vessels can sail more efficiently. Dutch company Econowind builds ‘VentoFoils’ in Zeewolde and Warten. These sails enable ship owners to reduce fuel consumption by up to 30%. This contributes to making the shipping industry more sustainable. The Investment and Development Agency for the Northern Netherlands (NOM) and Horizon

Shipping will be largest user of clean ammonia by 2050: LR

According to the latest report by Lloyd’s Register Maritime Decarbonisation Hub, e-ammonia might become the most widely used marine fuel among hydrogen-based fuels, while liquefied bio-methane is expected to lead among biofuels. More specifically, the Future of Maritime Fuels report reviews a broad variety of fuel mix estimates and identifies two potential transportation paths: hydrogen-based

UMAS prises IMO for new green targets

Highly respected British shipping emissions consultancy UMAS has delivered an updated verdict on arguably this year’s single most important news item, the outcome of July’s 80th gathering of the Marine Environment Protection Committee (MEPC), heaping plaudits on member states of the International Maritime Organization (IMO) for the leap in green targets. The new analysis from

Shipping could face carbon-neutral fuel shortage: DNV

It is likely that the shipping industry will find it challenging to secure an adequate supply of carbon-neutral fuels in the future, according to DNV’s new Maritime Forecast to 2050. Increasing regulatory pressure to decarbonise, including stricter targets set by the International Maritime Organization (IMO) this July, means the shipping industry now needs to achieve