DNV partners with Daewoo shipyard to develop rotor sail system

DNV partnered with Daewoo Shipbuilding & Marine Engineering to develop technologies on fuel saving devices and a rotor sail system. When wind meets the spinning rotor sail, the air flow accelerates on one side and decelerates on the opposite side. The change in the speed of airflow results in a pressure difference, which creates a

V.Group bags International Seaways contract to manage dual-fuel LNG VLCC

International Seaways has contracted V.Group to manage three of its dual-fuel very large crude carriers (VLCCs) currently under construction in South Korea. The LNG-fuelled VLCC trio, which is being built by Daewoo Shipbuilding & Marine Engineering (DSME), will join V.Group’s fleet management and will be employed on long-term charters with supermajor Shell. In addition to

Orders for vessels with dual-fuel engines increasing

As prices of low-sulfur fuel oil touched an all-time high recently, the demand and orders for dual-fuel vessel has been increasing. Most of the shipowners are opting for LNG-powered ships in order to meet environmental regulations. The three major South Korean shipbuilders received orders for 154 vessels, and those include 68 ships in which LNG

ABS, Daewoo, and GasLog to collaborate in developing carbon capture onboard technology

ABS, Daewoo Shipbuilding and Marine Engineering (DSME) and GasLog are joining forces to lead the development of carbon neutral shipping. The three companies have committed to work together to develop an onboard CO2 capture and storage system (OCCS) by signing a joint development project (JDP) at the Posidonia International Shipping Exhibition. This emissions reduction technology