NYK Concludes Contract for a Dual-fuel Methanol VLCC for Idemitsu Tanker

NYK concluded a contract for the construction and charter of a very large crude oil carrier (VLCC) (hereafter, the “Vessel”) equipped with a main engine that can use methanol as a next-generation fuel. The vessel, which will feature a large shaft generator, will be constructed by Nippon Shipyard Co., Ltd. (Nippon Shipyard) and engaged in

ICS calls for urgent progress on GHG emissions regulations at IMO

Following the conclusion of the 18th session of the IMO’s Intersessional Working Group on Reduction of GHG Emissions from Ships (ISWG-GHG 18), the International Chamber of Shipping (ICS) has emphasized the need for accelerated progress on greenhouse gas (GHG) regulations ahead of the Marine Environment Protection Committee (MEPC 83) meeting in April. Guy Platten, Secretary

Biofuel can deliver significant GHG emissions reductions: DNV

According to DNV’s latest white paper, “Biofuels in Shipping,” key biofuels like FAME and HVO have great potential for reducing greenhouse gas (GHG) emissions and supporting compliance with maritime regulations, but their benefits to the industry could be constrained by limited supply in the future. With biofuel use expected to increase, the paper also highlights the

GCMD and NYK Line team up to address concerns of biofuels

The Global Centre for Maritime Decarbonisation (GCMD) has teamed up with NYK Line to launch Project LOTUS (long-term impact of continuous use of biofuels on vessel operations). This six-month project will trial the continuous use of a biofuels blend comprising of 24% Fatty Acid Methyl Esters (FAME) and very low sulphur fuel oil (VLSFO) onboard

Neste and New Jersey Natural Gas to cut GHG emissions

Neste and New Jersey Natural Gas (NJNG), the principal subsidiary of New Jersey Resources, look to reduce greenhouse gas (GHG) emissions with Neste MY Renewable Diesel™. NJNG announced it is switching its medium-duty trucks and associated equipment to renewable diesel to help reduce GHG emissions. NJNG is now the first natural gas utility on the

Vessel pooling helps avoid FuelEU Maritime penalties

The FuelEU Maritime regulation entering into force in 2025 aims to reduce greenhouse gas emissions by promoting the use of renewable and low-carbon fuels by ships. Pooling is one way to avoid or minimise non-compliance penalties. But what is pooling, how does it work and how can it help you avoid or minimise the cost

IMO’s carbon tax to fuel shipping sector’s transformation

The United Nations’ International Maritime Organisation (IMO) decided to charge a levy for each ton of shipping emissions from cargo ships that travel across oceans. The 2023 IMO strategy on the reduction of Greenhouse gas (GHG) emissions from ships was adopted by IMO member states in July 2023. A commitment to ensuring the uptake of

MOL completes carbon insetting pilot with 123Carbon

Japan’s Mitsui O.S.K. Lines (MOL) has completed an insetting pilot with 123Carbon by tokenising the GHG emission reductions from the net zero voyage fuelled by bio-methanol. This allows MOL to allocate the GHG emission reductions from the use of bio-methanol to customers considering Scope 3 reductions from maritime transport services, based on the Market-Based Measures

Solstad Offshore ramps efforts for marine decarbonisation

Norway’s Solstad Offshore has joined forces with a compatriot dealer of Cat power solutions, Pon Power, and Houston-based Caterpillar Marine to scale up fuel efficiency across its offshore support vessels (OSVs) and slash its greenhouse gas (GHG) emissions footprint while working on advancing the use of methanol-powered solutions for these ships. To this end, the

Wartsila and Raízen sign bioethanol deal to combat emissions

Raízen and Wärtsilä have entered into a strategic agreement aimed at advancing the decarbonization efforts in the maritime sector. This collaborative initiative focuses on studying the application of ethanol as a marine fuel, with the overarching goal of reducing greenhouse gas (GHG) emissions, offering sustainable fuel alternatives to customers, and actively contributing to the ongoing