In Japan, ORIX Corporation announced an order for three environmentally friendly ships, including two methanol dual-fuel bulk carriers. The new vessels comply with the International Maritime Organization’s reinforced greenhouse gas reduction targets and meet the Energy Efficiency Design Index Phase 3 standards, which come into effect in 2025. This order represents ORIX’s first foray into […]
In the UK, the Methane Abatement in Maritime Innovation Initiative (MAMII) released a report from Safetytech Accelerator showcasing innovative solutions to mitigate methane slip from LNG-fueled ships, of which available technology solutions for fugitive leaks are described in the report as ‘low hanging fruit’. CDTi’s Lean Methane Oxidation Catalyst, a passive device installed within exhaust […]
In Japan, Mitsui O.S.K. Lines (MOL) announced Japan’s first sustainability-linked lease agreement with Tokyo Century Corporation through its subsidiary MOL Chemical Tankers for the chemical tanker BONITA ANA. The lease agreement includes performance targets that, when met, will reduce lease payments, linking financial benefits to environmental achievements. Tokyo Century’s framework, utilizing a Japanese Operating Lease […]
In Virginia, Venture Global announced the launch of LNG carrier ‘Venture Gator’, the first vessel in its advanced LNG fleet, from Samsung Heavy Industries shipyard in Geoji-si, South Korea. The Venture Gator is the first of nine LNG carriers slated for completion over the next 24 months across three South Korean shipyards. This fleet will […]
In India, Manifold Times reports the reinstatement of a 50% waiver on port dues at the Port of Gangavaram, India, for vessels propelled by environmentally friendly fuels such as LNG, ammonia, hydrogen, or electrical power effective from July 1, 2024. This initiative, detailed in a recent GAC Hot Port News report, applies to all vessels […]
In Egypt, Offshore Energy reports The European Union and Egypt have solidified their partnership with the signing of €40 billion worth of agreements which included green hydrogen and green ammonia production. These deals were highlighted at the EU-Egypt Investment Conference in Cairo held June 29-30, co-organized by the EU and the Egyptian government. Notable projects […]
In Singapore, Trafigura Group has successfully executed its first ship-to-ship (STS) transfer of 6,000 metric tonnes of ammonia in international waters near Ceuta in the Strait of Gibraltar from the Green Power Medium Gas Carrier (MGC) to the Gas Aegean Small Gas Carrier. The ammonia, supplied by CF Industries from their Donaldsonville Louisiana complex, will […]
In Spain, Técnicas Reunidas has entered into a significant agreement with IGNIS to provide engineering services for the development of up to five green ammonia projects throughout Spain, with potential investments totaling over €5 billion. This collaboration is part of the Ignis P2X project, initiated with KKR, which focuses on developing sustainable hydrogen and ammonia […]
In China, Xinde Marine News reports Clarksons Research released its latest Green Technology Tracker, and of the total tonnage ordered in the first half of 2024, 41% is for vessels capable of using alternative fuels, such as LNG, methanol, ammonia, LPG, and hydrogen. Steve Gordon, Global Head of Clarksons Research, noted that despite a decline […]
In Louisiana, Maritime Partners, a leading maritime financing firm, specializing in Jones Act trade vessels has acquired e1 Marine LLC, a pioneer in marine hydrogen generation technology, the terms of which were undisclosed. e1 Marine specializes in methanol-to-hydrogen generation products, offering a cleaner fuel alternative for marine vessels. The technology, developed by Element 1 Corp., […]
