In Greece, TEN Ltd. announced the delivery of six eco-friendly vessels since the start of 2024. The latest additions, including the Dual-Fuel LNG LR2 product tankers “Ithaki DF,” “Chios DF,” and “DF Montmartre,” signal the company’s commitment to green growth. This fleet expansion is complemented by the arrival of the 2023-built “DF Mystras,” the 2018-built […]
In Japan, Mitsui & Co., Ltd. announced an undisclosed investment in the $1.5 billion Maritime Investment Fund III (MIF III) organized by Navigare Capital Partners A/S. This maneuver marks Mitsui’s continued expansion into maritime investment, leveraging the expertise of its wholly owned subsidiary, Mitsui & Co. Alternative Investments Limited. Mitsui is poised to revolutionize maritime […]
In France, GTT Strategic Ventures will invest in Energo’s €16.5 million financing round supporting the company’s production of green hydrogen and biofuels from CO2, biogas, and ammonia. Energo, founded in 2018 from research at Chimie Paris Tech, synthesizes molecules using plasma catalysis. Philippe Berterottière, Chairman and CEO of GTT, said, “GTT, through its investment fund […]
In Greece, from June 3-7, Athens will host shipping exhibition Posidonia 2024 at the Athens Metropolitan Expo. The event will feature over 65 seminars and conferences, engaging top industry leaders in discussions critical to the future of maritime affairs. A highlight of the week is the “Greener Shipping Summit 2024,” organized by Newsfront/Naftiliaki and backed […]
In Washington DC, The U.S. Energy Information Administration reported that in December 2023, U.S. propane exports soared to a historic peak of 1.9 million barrels per day, the highest since records began in 1973. This record-setting pace was propelled by a significant price advantage of U.S. propane over that in East Asia—the widest in a […]
In Japan, an Asahi Tanker Co. news release reported an innovative stride toward sustainable maritime operations, successfully trialing a new biofuel blend aboard its tanker, the “Sunny Orion.” This initiative marks the company’s inaugural use of biofuels, employing a mixture known as B24, which integrates 24% fatty acid methyl ester (FAME) derived from waste table […]
In the UK, a press release from engineering and environmental consultancy Ricardo reported a significant expansion of its propulsion system development capabilities, particularly in multi-stack fuel cell technology. This strategic enhancement follows the January 2021 inauguration of a £2.5 million hydrogen testing facility at its UK headquarters in Shoreham-by-Sea, marking a doubling of its hydrogen […]
In Denmark, a Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping press release announced a dynamic partnership with four leading academic institutions: the University of Michigan, Maritime Research Alliance, Norwegian University of Science and Technology, and World Maritime University. This collaboration heralds a significant step towards integrating industry and academia to advance the decarbonization of […]
In India, the journal Science Direct reported publication of the Version of Record research paper on dimethyl ether (DME) as a low-carbon alternative to diesel by scholars at the Engine Research Laboratory, Department of Mechanical Engineering, Indian Institute of Technology. The report highlighted that despite its potential, DME’s lower lubricity and viscosity present challenges for […]
In Australia, Oceania Marine Energy reported on their LinkedIn page that Oceania Marine Energy and Hexagon Energy Materials Limited have inked a Memorandum of Understanding aimed at developing a low-emissions ammonia bunkering business in Dampier, Western Australia. This partnership marks a significant venture into sustainable shipping practices, particularly targeting the robust iron ore transport routes […]
