In Germany, Hapag-Lloyd has announced a massive $4 billion investment to bolster its container ship fleet with 24 new eco-efficient vessels, set to be delivered between 2027 and 2029. This strategic expansion involves two contracts with leading Chinese shipyards: Yangzijiang Shipbuilding Group and New Times Shipbuilding Company Ltd. The order includes twelve ships from Yangzijiang, […]
In Norway, Offshore Energy reports Norwegian green hydrogen and ammonia company Fuella signed an agreement with the Port of Pecém to invest $1.5 billion in developing a project to produce 400,000 tons of green ammonia annually in Pecém, in the State of Ceará, Brazil. Fuella noted that Ceará is an ideal location for producing green […]
In Germany, MAN Energy Solutions has received multiple orders for its dual-fuel liquid gas injection methanol engines to power Very Large Container Vessels at shipyards in South Korea, China, and Japan, bringing the total number of such engines ordered to 95 since 2021. Five of these engines are already operational aboard VLCVs, supporting the growing […]
In the United Kingdom, The Loadstar reports on 1 January 2025, the FuelEU Maritime regulation will come into effect, imposing strict greenhouse gas intensity targets on ship energy use, with requirements tightening every five years. Companies must comply by 30 April 2026, when the GHG data from 2025 will be reviewed. Jacob Clausen, director of […]
In Norway, Sea1 Offshore has ordered two new methanol-ready Offshore Energy Support Vessels from Chinese shipyard Cosco Shipping, featuring emissions-reducing technology, including generators capable of running on 100% biofuel, to be delivered in 2027. The vessels will be equipped with a remotely operated vehicle hangar and wet deck access, enhancing their versatility for offshore operations, […]
In the United Kingdom, Riviera Maritime News reports HD Hyundai Heavy Industries Engine & Machinery Division signed a contract to supply 18 methanol dual-fuel engines to Huangpu Wenchong Shipbuilding in China for construction of 2,400-TEU feeder vessels for Taiwan’s Evergreen Line. The contract marks Hyundai Heavy’s first order for methanol dual-fuel engines for feeder ships, […]
In the Netherlands, Offshore Energy reports Singapore based Global Energy Overseas and Singapore Methanol signed a memorandum of understanding to promote bio-methanol as a viable bunker fuel, involving projects on FuelEU Maritime compliance pooling, green methanol storage and distribution, and the development of next-generation alternative marine fuels. “This partnership is a major step in advancing […]
In the United Kingdom, Lloyd’s Register granted Approval in Principle to HD Hyundai Heavy Industries for a 15,300 TEU ammonia-powered dual-fuel container ship, serving as an early validation that confirms the feasibility and compliance of the design with safety standards. The project aims to address the shipping industry’s carbon reduction efforts through alternative fuel solutions. […]
In China, Global Times reports Hudong-Zhonghua Shipbuilding has secured two major shipbuilding contracts settled in yuan—rather than the traditionally dominant U.S. dollar. These recent agreements, one with COSCO Shipping and another with Canada’s Seaspan Corporation, encompass 12 large 13,600-TEU container vessels, reinforcing the yuan’s emerging role in global shipping. This shift to yuan-based settlements offers […]
In China, the 2024 North Bund International Shipping Forum, held from October 22-24 in Shanghai, focused on the role of finance and insurance in advancing the global shipping industry. Co-hosted by the Shanghai Shipping Exchange and China Shipowners Mutual Insurance Association, the “Finance and Insurance” session on October 23 brought together leading figures from organizations […]
