Norwegian owner Ocean Yield is buying its third methanol-ready 5,500 teu container vessel under construction in South Korea. The vessel will be built at HJ Shipbuilding and Construction, formerly known as Hanjin Heavy Industries & Construction, with delivery expected in the third quarter of 2023. No price tag has been revealed for the wide beam
A.P. Moller – Maersk is looking to produce up to 2m tonnes of green methanol a year in Spain by 2030 to supply fuel for its containerships and slash its carbon footprint. The world’s second-largest liner has agreed with the Spanish government to explore the opportunities for large-scale plants in the ports of Andalusia and
Mediterranean Shipping Company (MSC) has warned clients of higher costs with the inclusion of shipping in the EU’s carbon trading market. The EU emissions trading system (ETS), part of the “Fit for 55 package” to reduce greenhouse gas emissions by at least 55% by 2030 compared to 1990 levels, requires companies to surrender allowances that
Global Energy Trading and Stellar Ship Management Services, wholly owned subsidiaries of Global Energy Group, have contracted Japan’s Sasaki Shipbuilding to build a 4,000 dwt tanker, which will become the first dedicated methanol bunkering ship in Singapore, the world’s largest bunkering hub, when it delivers at the end of next year.
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
Digital maritime platform RightShip is updating its greenhouse gas (GHG) rating tool to incorporate Energy Efficiency Existing Ship Index (EEXI) values from the first quarter of 2023. The changes being introduced will make its GHG rating the industry’s first rating to include the EEXI, the Existing Vessel Design Index (EVDI) and the Energy Efficiency Design
A quartet of Asian shipping powerhouses have won the next tranche of business in the huge QatarEnergy fleet expansion project. A consortium comprising Nippon Yusen Kaisha (NYK) and Kawasaki Kisen Kaisha (K Line) from Japan, Malaysia’s MISC and China LNG Shipping, the Cosco/China Merchants joint venture, have ordered five 174,000 cu m LNG carriers at
DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, and GoodShipping are expanding their partnership on sustainable shipping via insetting with 60 million litres of sustainable marine fuel. With the latest purchase of sustainable marine fuel, DHL expects to reduce a total of 180,000 tonnes of CO2e TtW in shipping
While more than one-third (34%) of the world’s largest companies are now committed to Net Zero, nearly all (93%) will fail to achieve their goals if they don’t at least double the pace of emissions reduction by 2030, according to a new report from Accenture. Based on an analysis of commitments to emissions reduction and
Stopping new offshore drilling, along with other ocean-based solutions, can deliver nearly 40% of the global emission reductions needed by 2050, an analysis by Washington-based ocean advocacy group Oceana shows. The analysis released ahead of the 27th UN Climate Change Conference (COP27) in Egypt, has estimated that halting the expansion of offshore drilling, combined with