In China, South China Morning Post reports Shanghai is set to establish a trading platform for net-zero hydrogen and its derivatives, aiming to lead the global hydrogen sector and decarbonize the heavy-emitting shipping industry. The platform will focus on the certification and trading of green hydrogen, green methanol, and green ammonia within China, with plans […]
In New Jersey, KPI OceanConnect completed its inaugural marine fuel carbon offset transaction with a seismic research vessel owner, the volume of which was not disclosed. The carbon offsets were derived from a Texas wind farm and verified by Verra Registry. This achievement comes as the maritime industry faces pressure to meet International Maritime Organization […]
In Italy, Fratelli Cosulich Group announced an order for two methanol-ready chemical bunkering tankers from Taizhou Maple Leaf Shipbuilding Co., Ltd., with options for two additional units. The first of these 7,999 dwt IMO2 ships will be delivered in the first half of 2026. An IMO2 ship is a chemical tanker designed to meet the […]
In Taiwan, Yang Ming Marine Transport Corporation reported their ship ‘YM Together’ became the first foreign-flagged vessel in South Korea to bunker biofuel, collaborating with marine energy supplier KPI OceanConnect. The ship bunkered B30 HSFO biofuel at Pusan Port, a blend made from used cooking oil that meets ISO 8217 and ISCC standards. This biofuel […]
In Japan, ORIX Corporation announced an order for three environmentally friendly ships, including two methanol dual-fuel bulk carriers. The new vessels comply with the International Maritime Organization’s reinforced greenhouse gas reduction targets and meet the Energy Efficiency Design Index Phase 3 standards, which come into effect in 2025. This order represents ORIX’s first foray into […]
In the UK, the Methane Abatement in Maritime Innovation Initiative (MAMII) released a report from Safetytech Accelerator showcasing innovative solutions to mitigate methane slip from LNG-fueled ships, of which available technology solutions for fugitive leaks are described in the report as ‘low hanging fruit’. CDTi’s Lean Methane Oxidation Catalyst, a passive device installed within exhaust […]
In Japan, Mitsui O.S.K. Lines (MOL) announced Japan’s first sustainability-linked lease agreement with Tokyo Century Corporation through its subsidiary MOL Chemical Tankers for the chemical tanker BONITA ANA. The lease agreement includes performance targets that, when met, will reduce lease payments, linking financial benefits to environmental achievements. Tokyo Century’s framework, utilizing a Japanese Operating Lease […]
In Virginia, Venture Global announced the launch of LNG carrier ‘Venture Gator’, the first vessel in its advanced LNG fleet, from Samsung Heavy Industries shipyard in Geoji-si, South Korea. The Venture Gator is the first of nine LNG carriers slated for completion over the next 24 months across three South Korean shipyards. This fleet will […]
In India, Manifold Times reports the reinstatement of a 50% waiver on port dues at the Port of Gangavaram, India, for vessels propelled by environmentally friendly fuels such as LNG, ammonia, hydrogen, or electrical power effective from July 1, 2024. This initiative, detailed in a recent GAC Hot Port News report, applies to all vessels […]
In Egypt, Offshore Energy reports The European Union and Egypt have solidified their partnership with the signing of €40 billion worth of agreements which included green hydrogen and green ammonia production. These deals were highlighted at the EU-Egypt Investment Conference in Cairo held June 29-30, co-organized by the EU and the Egyptian government. Notable projects […]
