In Singapore, Manifold Times reports LNG, once the cheapest fuel option in Rotterdam, has now become significantly more expensive than biofuel blends, reversing a long-standing trend. Rotterdam’s LNG price has climbed to an $80 per metric ton premium over B24-VLSFO HBE, a biofuel blend containing 24% palm oil mill effluent biofuel, according to bunker intelligence […]
In Texas, Global Trade Magazine reports China plans to issue its first export quotas of 500,000 metric tons for marine biofuel blends by early 2025, targeting European trade routes to support domestic biodiesel producers hit by EU anti-dumping tariffs, according to industry sources and consultancy JLC. The state-owned oil companies CNPC, Sinopec, and CNOOC are […]
At the 2024 Specialty Equipment Marketing Association Show in Las Vegas, Yamaha U.S. Marine Business Unit, Roush, and Regulator Marine revealed the world’s first hydrogen-powered outboard for recreational boats. The Yamaha H2 concept aims to lead a cleaner era for internal combustion engines in marine settings. “Why did we decide to exhibit at SEMA? Because […]
In Port Colborne, Ontario, a new $33-million biofuel terminal aims to green Great Lakes shipping, with over 100 vessels expected to fuel up annually. Announced Tuesday near the waterfront, the facility will be managed by Hamilton-Oshawa Port Authority in collaboration with Canada Clean Fuels and Canada Steamship Lines. “This new facility will make biofuels more […]
In Norway, TradeWinds reports Switch Maritime announced plans to order the first US-built hydrogen-powered RoPax ferry, with a design approved in Norway. This 80-car, 300-passenger vessel, using liquefied hydrogen, is part of Switch’s commitment to zero-carbon marine transportation. “With rigorous planning, state-of-the-art engineering and support from leading industry partners and the US Coast Guard, we […]
In the UK, Port Technology International reports in Antwerp, Hapag-Lloyd’s Colorado Express bunkered 1,320 metric tonnes of ExxonMobil’s B25 bio marine fuel mix, marking a step toward lower emissions for global shipping. Composed of ExxonMobil’s Premium HDME 50™ fuel and meeting ISO 8217:2017 standards, the biofuel blend achieved a 20.1% reduction in well-to-wake greenhouse gas […]
In the Netherlands, Offshore Energy reports COSCO Shipping Energy and COSCO Shipping Heavy Industry have received approvals in principle from classification giants ABS, CCS, and DNV for their ammonia dual-fuel carrier design, marking a milestone for green shipping. The approvals, issued on October 30, 2024, endorse a 50,000 cubic meter vessel capable of transporting both […]
In Le Havre, France, renewable energy firm Qair has secured a 60-hectare site at Haropa Port to establish Methavert, an e-methanol production project aimed at decarbonizing maritime and industrial sectors. The site, awarded through Haropa Port’s “Ouest A29” call for projects, will enable Qair to advance renewable hydrogen and methanol production at a critical gateway […]
At COP 29 in Baku, Azerbaijan, over 50 stakeholders from across the maritime industry – including e-fuel producers, vessel and cargo owners, ports, and equipment manufacturers – signed a Call to Action to accelerate the adoption of zero-emission fuels, targeting at least 5% and striving for 10% by 2030. Led by RMI, the UN Climate […]
In the UK, The Loadstar reports HMM, South Korea’s leading carrier, is set to install onboard carbon capture and storage systems on vessels too young to scrap, a move revealed by HMM director Kim Min-kang at a recent eco-friendly shipping seminar. Director Kim noted that even when new ships equipped with LNG or methanol dual-fuel […]
