In France, LNG Prime reports in a deal valued at $2.66 billion, CMA CGM has ordered 12 15,500 TEU LNG dual-fuel containerships from South Korean conglomerate HD Hyundai. The ships will be constructed at HD Hyundai Samho and HD Hyundai Heavy, with six vessels at each yard. These vessels are set for delivery by June […]
In Switzerland, Nova Marine Group and Algoma Central Corporation have announced an order for the world’s largest and most eco-friendly cement carrier. The 38,000 dwt vessel will be built in China and delivered by the end of 2026. This groundbreaking vessel, part of the NovaAlgoma joint venture, will be equipped with a dual-fuel system capable […]
In The Netherlands, CVC DIF has agreed to sell a 29% economic interest in France LNG Shipping (FLS) to Ocean Yield AS, a KKR-backed ship-owning company. FLS operates advanced Liquefied Natural Gas (LNG) carriers under long-term charters with top European energy firms. The partnership and investment from CVC DIF funds have significantly expanded FLS’s LNG […]
In Massachusetts, a recent MIT study reveals that switching maritime fuel from diesel to ammonia could worsen air quality and pose significant health risks unless new emissions regulations are implemented. While ammonia is nearly carbon-free, its combustion produces nitrous oxide (N2O) and nitrogen oxides (NOx), contributing to severe air pollution and health problems such as […]
In Singapore, Aslan Energy Capital announced the signing of an MOU to acquire 35,000 hectares (approximately 135 square miles) of land in Sonora, Mexico, for the ANEM (Aslan Net-zero Energy Mexico) Project. Front-end engineering design is set to begin in Q3 2024, with the first green ammonia shipment planned for 2028. This solar-based green hydrogen […]
In the UK, Nuclear Engineering International reports South Korea’s Mokpo National University has inaugurated the world’s first Small Modular Reactor (SMR) Ship Research Institute, aiming to become a global leader in SMR ship research and education. The launch ceremony saw attendance from over 100 dignitaries, including key figures from Korea Hydro & Nuclear Power (KHNP), […]
In China, South China Morning Post reports Shanghai is set to establish a trading platform for net-zero hydrogen and its derivatives, aiming to lead the global hydrogen sector and decarbonize the heavy-emitting shipping industry. The platform will focus on the certification and trading of green hydrogen, green methanol, and green ammonia within China, with plans […]
In New Jersey, KPI OceanConnect completed its inaugural marine fuel carbon offset transaction with a seismic research vessel owner, the volume of which was not disclosed. The carbon offsets were derived from a Texas wind farm and verified by Verra Registry. This achievement comes as the maritime industry faces pressure to meet International Maritime Organization […]
In Italy, Fratelli Cosulich Group announced an order for two methanol-ready chemical bunkering tankers from Taizhou Maple Leaf Shipbuilding Co., Ltd., with options for two additional units. The first of these 7,999 dwt IMO2 ships will be delivered in the first half of 2026. An IMO2 ship is a chemical tanker designed to meet the […]
In Taiwan, Yang Ming Marine Transport Corporation reported their ship ‘YM Together’ became the first foreign-flagged vessel in South Korea to bunker biofuel, collaborating with marine energy supplier KPI OceanConnect. The ship bunkered B30 HSFO biofuel at Pusan Port, a blend made from used cooking oil that meets ISO 8217 and ISCC standards. This biofuel […]
