GCMD to evaluate safety requirements for offloading CO2

Global Centre for Maritime Decarbonisation (GCMD) issued an invitation for proposals to evaluate the safety, technical and operational requirements for offloading CO2 captured on ships. GCMD is part of a seven-member consortium that aims to study how best to offload liquefied CO2 from capture systems on board vessels, based on the proposals submitted. GCMD expects

CMES signs up for methanol car carriers

Shanghai-listed China Merchants Energy Shipping (CMES) has signed up for up to six methanol dual-fuel car carriers worth around $597m. The energy transport unit of China Merchants Group has inked a letter of intent with China Merchants Industry Holdings, one of the three leading shipbuilding groups in China, for two firm 9,000 ceu vessels for

KR and UPA agreed to collaborate on methanol-fueled ships

Korean Register (KR) and Ulsan Port Authority (UPA) have signed an MOU to support methanol-fueled ships and establish the South Korean port as a low-carbon, eco-friendly energy hub. A growing number of dual fuel methanol vessels are being ordered by international shipping companies, and in October South Korean shipping company KSS Marine took delivery of

MOL books three more LNG newbuilds

Japan’s Mitsui OSK Lines (MOL) has signed another long-term charter contract with QatarEnergy for three newbuild liquefied natural gas (LNG) carriers. The vessels will be built at CSSC-affiliated Hudong-Zhonghua Shipbuilding and are scheduled for delivery in 2027. MOL signed a long-term charter contract with QatarEnergy in April 2022 for four newbuilds, and the latest deal

Philly Shipyard bags $1bn order for three LNG ships

Under a contract valued atb$1bn, Philly Shipyard will construct three 3,600-TEU, LNG dual-fuel container ships for Matson Navigation. Among the largest container ships ever built in the US, the first of the three 260-m Aloha-class vessels will be delivered in Q4 2026, with subsequent ships handed over in 2027. The Big Board-listed Jones Act shipowner

CMA CGM to upgrade with seven new biogas-fuelled ships

CMA CGM, has announced the rollout of seven new containerships powered by biogas to enhance services to the French West Indies. Delivered gradually from 2024, the seven new ships – four 7,300 teu vessels and three 7,900 teu vessels, each with 1,385 reefer plugs – will serve Guadeloupe and Martinique, replacing smaller ships. In order

COSCO and China Merchants exploring methanol fueled ships

China explores methanol shipping COSCO and Dalian developed the designs for China’s first domestic VLCC fueled with methanol (COSCO). Methanol is continuing to gain momentum as a leading option for the shipping industry to address decarbonization. Already adopted by an emerging group of shipping lines, two of China’s leading shipping companies are joining the effort

MOL adds more LNG-powered ships

Japan’s Mitsui OSK Lines (MOL) is growing its LNG-fuelled fleet, announcing today orders for gas-powered newcastlemaxes to be built at CSSC Qingdao Beihai Shipbuilding and two VLCCs to be constructed by Dalian COSCO KHI Ship Engineering. This marks the first time a Japanese company has ordered LNG-fuelled VLCCs. The MOL news is also the first

ABS to initiate study on adoption of advanced nuclear propulsion for ships

The US Department of Energy (DOE) has awarded class society ABS a contract to research barriers to the adoption of advanced nuclear propulsion on commercial vessels. The $800,000 research project will address challenges to adopting new reactor technology in commercial maritime applications at a time where a host of companies around the world are looking

Most of the ships are still not EEXI compliant

Over 75% of all tankers, bulkers and containerships will not be Energy Efficiency Existing Index (EEXI) compliant set by the International Maritime Organization (IMO). According to a new report from VesselsValue, the date set by IMO for EEXI compliance has only 163 days left to come into play. The study says that shipowner’s do not