R&D for green fuel fund gets new thrust from maritime groups

Maritime groups hope progress to establish a research and development (R&D) fund meant to find the green fuel of the future can accelerate now that they have addressed concerns about the fund raised by some nations. The organizations — including the International Chamber of Shipping (ICS), BIMCO, Intertanko, and the World Shipping Council (WSC) —

Methanol-ready boxships for Danos

Greek containership owner Danaos Corporation has ordered two methanol ready 7,100 TEU containerships in China. As informed, the vessels will be built at Dalian Shipbuilding in China and are expected to be delivered to Danaos in the second and third quarters of 2024. The counterparties of Danaos to the shipbuilding contracts, Dalian Shipbuilding and China

Decarbonizing marine shipping: Clean fuels for a greener future?

Ship fuels manufactured using renewable electricity, and made purely from water and the gases found in the atmosphere, are being proposed as the solution to decarbonizing marine shipping. Net-zero by 2050 Countries around the world, including Canada, are adopting greenhouse gas (GHG) emissions targets of zero emissions by 2050. The global marine shipping industry is

New MR tanker design beats IMO’s 2050 targets using fossil fuels

An MR tanker, designed by Sweden’s FKAB Marine Design, has been granted approval in principle (AiP) by Italian classification society RINA, claimed as the first AiP of a design using currently viable technology and fuels that achieves IMO 2050 targets. Conceived by the class society and designed by FKAB, the propulsion is based on combining

MAN 175d grows in South American tug market

Asenav S.A. shipyard in Chile has placed an order for 2 × 12V175D-MM IMO Tier II engines, each rated at 2,040 kW @ 1,800 rpm. The engines will provide propulsion power for a 70 TBP ASD tug of As Asenav’s own design. The vessel will also be delivered as future-proof, allowing for the retrofitting of

Growing tug operator puts its trust in CAT® marine power

Why does the largest tug operator in the Americas — serving nine countries, 60 ports and 25,000 ships each year — choose Cat® marine power? It all comes down to trust: trust in the product, trust in the support and trust in a partnership that works to the benefit of both parties. “As we grow,

VesselsValue rolls out energy efficiency rating tool

UK-based online pricing platform VesselsValue has joined the likes of RightShip, Clarksons, Scope Group, and Metis Cyberspace Technology, to name a few, in launching its own dedicated tool that allows users to access, customise, and compare vessels’ energy efficiency ratings. This latest feature is said to combine VesselsValue’s shipping data with the IMO’s framework to

EEXI and CII – shipping’s next environmental challenge

There cannot be many people left in the shipping sector unaware that the International Maritime Organisation (IMO) has set a target of reducing annual greenhouse gas emissions in shipping by at least 40% by 2030 and pursuing a 70% reduction by 2050. As a key means of achieving this, the IMO, through the Marine Environment

Inconsistencies of IMO’s Annual Efficiency Ratio laid bare

Criticism has been heaped on the International Maritime Organization-approved Annual Efficiency Ratio (AER), the key measure to define how ships fare when the Carbon Efficiency Indicator (CII) starts in just over a year time. The December in-depth feature looks at the demands of tomorrow’s workforce. Company culture needs to change dramatically in order to attract

Green corridors: A lane for zero-carbon shipping

The shipping sector is the lifeblood of global trade, accounting for approximately 80 percent of all trade, with further growth expected. The sector also represents about 3 percent of total CO2 emissions—an amount that, if unchecked, could rise by as much as half by 2050. Recognizing the need for climate action, the International Maritime Organization