ICS denounces IMO’s rejection of its decarbonization fund proposal

The International Chamber of Shipping (ICS) has denounced the International Maritime Organization’s (IMOs) rejection of a research and development fund for decarbonisation projects across the shipping industry. ICS deputy secretary general Simon Bennett said the fund would have provided $50 million per year to supporting maritime GHG reduction projects in developing countries, which is reportedly

LR to work with Capital Ship Management on marine biofuels pilot project

Capital Ship Management, a Greek ship management company, and classification society Lloyd’s Register (LR) have agreed to initiate trial the use of biofuels in a new pilot project. The trial’s objective is to support the maritime industry’s research for low to zero-carbon fuels, which will be in line with the International Maritime Organisation’s (IMO) greenhouse

United Heavy Lift signs for pair of eco-lifter ships

Hamburg-headquartered United Heavy Lift (UHL) has placed an order for two additional F900-type multipurpose heavylift vessels. The eco-lifter newbuildings will deliver at the CSSC shipyard in Hudong, China in 2023 and 2024. Between 2019 and 2022, UHL took delivery of seventeen F900 eco-lifter vessels. The vessels feature high-and-low-pressure SCR catalysts to meet IMO Tier III

‘Main challenge in the transition to zero carbon future is lack of clear pathway’

Mr Kari Hietanen, Executive Vice President, Corporate Relations and Legal Affairs, Wärtsilä in an exclusive interview with Future Fuels shared his thoughts green transition in Europe. Q. What are the technical solutions Wartsila offers for the green transition? Wärtsilä has a wide range of technologies enabling green transition both in marine and energy sectors. In

Singapore to offer tax discounts for greener vessels

Singapore’s Maritime and Port Authority (MPA) will offer discounts on some fees and taxes for ships committed to cutting emissions beyond what is required by the International Maritime Organization (IMO), starting from 1 May. The MPA announced the discounts in a circular updating its Green Ship Programme (GSP) for Singapore-flagged ships released on 22 April.

Marine battery market to touch $1.99 bn in 2030

Marine Battery Market is segmented by Battery Type (Lithium, Lead acid, and Others), Ship Type (Commercial and Defense), Function (Starting, Deep Cycle, and Dual Purpose), Nominal Capacity (Less than 150 Ah, and More than 150 Ah), Sales Channel (OEM and Aftermarket), and Battery Density (<100 WH/KG and More than 100 WH/KG). Global Opportunity Analysis and

‘Transition to netzero shipping is a complex challenge’

Mr. Vijay Arora, Managing Director, Indian Register of Shipping (IRS), in an exclusive interview with Future Fuels, reveals how IRS is helping ship owners to face the existing vessel certification challenges and elaborates on the short-, mid-, and long-term measures on path to decarbonisation. Q. What are initiatives taken by IRClass to help Indian ship

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