In South Korea, the Ministry of Oceans and Fisheries announced on January 30 that it has finalized its 2025 Eco-Friendly Ship Deployment Plan, investing approximately $153 million to construct and convert a total of 81 environmentally friendly vessels. Under this plan, the public sector will build 34 electric and hybrid ships and retrofit 15 existing […]
In the UAE, TA’ZIZ awarded a $1.7 billion EPC contract to Samsung E&A on February 3 to construct one of the world’s largest methanol plants in Al Ruwais Industrial City, Al Dhafra, Abu Dhabi, aiming to boost the UAE’s chemical industry and economic diversification. The 1.8 million tons per annum facility will be the country’s […]
In Singapore, Engine Online reports on January 27, B100 at Rotterdam traded at a $55/mt discount to HSFO and a $126/mt discount to VLSFO when compliance costs and pooling benefits are included, a larger discount than recorded the previous week. When factoring in FuelEU Maritime pooling benefits and its zero-carbon status under the EU Emissions […]
In Singapore, Manifold Times reports on January 27, Hafnia and its joint venture partner Socatra of France held a naming ceremony at Guangzhou Shipyard International for Ecomar Gascogne, the first of four 49,800 dwt methanol dual-fuel MR tankers. The newbuilds mark Hafnia’s entry into the dual-fuel methanol segment, with the remaining vessels set for delivery […]
In the UK, at the International Maritime Organization Pollution Prevention and Response meeting in London next week, the Clean Arctic Alliance will be calling on IMO member states to regulate black carbon emissions from ships, mandate cleaner fuels in the Arctic, and ban scrubber discharge in protected waters. “We call on IMO Member States to […]
In Brazil, on January 16, Petrobras secured ISCC EU RED certification to sell bunker fuel with 24% biodiesel at the Rio Grande Terminal in southern Brazil, making it the first company in the country to receive such certification for renewable marine fuel. The certification ensures traceability and emissions reductions in VLS B24, a fuel blend […]
In China, Xinde Marine News reports construction began on China’s first methanol-powered inland ships, which will be deployed on the Xijiang River in Guangdong’s Zhaoqing City for waterway transport. A total of 50 ships are planned under the project, which aims to advance clean energy adoption in inland shipping. CIMC Enric subsidiary Blue Water Development […]
In the UK, according to a University College London Energy Institute report, over one-third of the global shipping fleet, valued at $400 billion, faces stranding or premature scrapping unless it transitions to zero-emission technology. The study, funded by Oceankind and the Kühne Foundation, warns that tightening climate policies could make many fossil-fuel-reliant vessels unprofitable. Ships […]
In South Korea, Global Economics reports Taiwan’s Evergreen Marine is considering ordering eleven 24,000 TEU LNG dual-fuel container ships from South Korean and Chinese shipyards, with each vessel priced at over $250 million, bringing the total investment to $2.75 billion, according to reporting by LNG Prime on the 22nd. The move marks a shift from […]
In South Korea, HJ Shipbuilding & Construction delivered a 272-meter-long, 22-knot 7,700 TEU LNG dual-fuel container ship to a European owner on the 20th at its Yeongdo shipyard in Busan. The vessel, the first of two ordered in 2022, features an eco-friendly design that meets International Maritime Organization emission regulations. The delivery signing ceremony took […]
