In Korea, Korea Advanced Institute of Science and Technology researchers developed a catalyst that significantly boosts ammonia synthesis at lower temperatures and pressures, potentially cutting energy use and emissions from a century-old industrial process, the university announced on March 11. Led by Professor Min-Ki Choi, the team designed a system combining ruthenium (Ru) and barium […]
In Korea, Korea Ocean Business Corporation secured official certification from global accreditation body DNV for its newly established Sustainable Finance Framework, aiming to issue approximately $300 million in blue bonds by mid-2025 to fund eco-friendly maritime projects, the organization announced on March 4. Designed in compliance with internationally recognized principles, KOBC’s framework sets financing standards […]
In China, Xinde Marine News reports Shanghai-based Puyin Financial Leasing signed a financing deal with Singapore’s Eastern Pacific Shipping on February 25 for two LNG dual-fuel Neo-Panamax container ships under construction at Jiangsu New Times Shipbuilding. The vessels are designed to meet IMO Tier III emissions standards, emphasizing fuel efficiency and reduced environmental impact. EPS, […]
In Washington D.C., the U.S. Department of Energy on February 28 issued an order modifying regulatory oversight on liquefied natural gas bunkering, clarifying that ship-to-ship LNG transfers for marine fuel use in U.S. waters and international waters will not be considered exports. The decision, which revises a December 2024 order affecting JAX LNG, removes barriers […]
In Norway, the shipping industry’s push for net-zero emissions by 2050 is driving interest in biofuels, but high costs and limited supply remain major barriers, according to DNV’s recently released Energy-Efficiency Measures and Technologies report. The report identifies biofuels as a key compliance tool under FuelEU Maritime, which took effect in January 2025. The regulation, […]
In Denmark, Manifold Times reports Copenhagen Infrastructure Partners has developed an Ammonia Bunkering Operations Manual through its Energy Transition Fund outlining safety protocols for handling ammonia as a marine fuel. The 73-page manual, reviewed by the American Bureau of Shipping, builds on existing gas carrier protocols for loading, discharging, and ship-to-ship transfers, adapting them for […]
In Japan, shipping company Mitsui O.S.K. Lines has joined the e-NG Coalition, a Brussels-based international alliance focused on developing e-methane as a low-carbon fuel, bringing the group’s membership to 20 as of March 1. The coalition, formed in October 2024, promotes e-methane—synthetic methane produced from CO₂ and hydrogen—as a carbon-neutral alternative that can be used […]
In Singapore, the CMA CGM Iron, the first of the French shipping company’s twelve 13,000 TEU dual-fuel methanol containerships built by Hyundai Samho Heavy Industries, made its maiden call at the Port of Singapore on March 4 as part of CMA CGM’s fleet expansion. The vessel, designed to run on methanol and conventional fuel, is […]
In Korea, Today Newspaper reports the US Trade Representative has proposed port fees of $1 million per Chinese-operated ship and $1.5 million for other owners using Chinese-built vessels, a move that could push global ship orders toward South Korea, industry analysts said on March 5. China dominates global shipbuilding, securing 70% of orders in 2023, […]
In California, a proposed Trump administration plan to impose port fees on China-linked vessels could force carriers to drop smaller ports and reroute cargo to major hubs, said Lars Jensen, CEO of Vespucci Maritime, in a interview with the Freight Buyers’ Club at TPM25 March 5. “I’m not all done with my modeling, but the […]
