Decarbonisation - News
The Maritime Technologies Forum (MTF) has released a new report offering key recommendations to consider as the industry looks to adopt onboard carbon capture and storage (OCCS) technology. The report highlights the regulatory and safety considerations for the adoption of onboard carbon capture while also recognising the importance of developing a secure and scalable downstream carbon value chain and increasing carbon capture system cost-effectiveness. Key recommendations Based on the finding...
DNV has awarded an AiP to HD Korea Shipbuilding & Offshore Engineering (HD KSOE) for its innovative vacuum-insulated large-scale liquefied hydrogen tank, another advancement in providing practical storage solutions for liquefied hydrogen (LH2). Large-scale liquid hydrogen storage Developing cost-effective and flexible large-scale liquid hydrogen storage with higher safety, and lower operational and capital cost is essential if LH2 is to realise its promise for decarbonising industries, suc...
Amogy, a provider of mature, scalable, and efficient ammonia-to-power solutions, announced that it raised $56 million in venture financing, bringing the total raised since inception to more than $270 million. The round was co-led by existing investor - Aramco Ventures and new investor - SV Investment. Additional new investors Additional new investors participating in the round include Samsung Heavy Industries, BHP Ventures, Hanwha Investment & Securities, AFW Partners, Quantum Ventu...
Indian Register of Shipping (IRS), a pioneering international classification society, is proud of its growing role in advancing India's defence capabilities through its participation in major new construction projects for the Indian Navy and Indian Coast Guard, thereby taking a major step forward in realising a self-reliant defence manufacturing capability, as envisioned under the Atmanirbhar Bharat initiative. Major new construction vessels Recently, ‘steel-cutting’ took plac...
Nor-Shipping is enhancing its conference programme for 2025 with a bold line-up of new events targeting evolving ocean business opportunities. This year’s Nor-Shipping, taking place 2-6 June in Oslo and Lillestrøm, Norway, sees the arrival of dedicated conferences focused on financing, LNG, and seabed minerals. It’s a revamp that, notes Sidsel Norvik, Nor-Shipping Director 'meets growing demand, while also highlighting both opportunities and challenges for future business po...
According to DNV’s latest white paper “Biofuels in Shipping”, key biofuels like FAME and HVO have great potential for reducing greenhouse gas (GHG) emissions and supporting compliance with maritime regulations, but their benefits to the industry could be constrained by limited supply in the future. With biofuel use expected to increase, the paper also highlights the importance of its safe introduction, outlining critical operational and technical considerations. Shipping&rsqu...
The Maritime Standard announces that the Ship Finance and Trade Conference 2025 will take place on Tuesday, 18th February 2025, at the Taj Exotica Resort, The Palm, Dubai, United Arab Emirates (UAE). This prestigious event will gather global leaders, financial experts, and key stakeholders from the maritime industry to discuss innovative financial strategies and sustainable solutions that will shape the future of ship finance and trade. ‘Financing Green Shipping Solutions’ The the...
Technology group Wärtsilä will supply its EnergoFlow solution and Fixed Pitch Propellers (FPP) for three Pure Car/Truck Carrier (PCTC) vessels owned by Sallaum Lines – an international RoRo cargo operator. The combination of these upgrade solutions will notably improve the propulsion efficiency of these existing vessels, in turn reducing fuel consumption and CO2 emissions. The order was booked by Wärtsilä in Q4 2024. 2050 Net-zero goals To meet th...
DNV has launched a new family of class notations, Autonomous and Remotely Operated Ships (AROS), providing a framework for how autoremote vessels can achieve equivalent or higher safety compared to conventional vessels. Autonomous shipping, ranging from remote control operations to fully unmanned vessels, marks a major advancement in the maritime industry. Regulatory frameworks While these progress hold great promise, regulatory frameworks are still being developed These solutions can delive...
Watson Farley & Williams (WFW) advised the Eurazeo Sustainable Maritime Infrastructure ('ESMI') fund on a sale and lease back transaction to be entered into with Mainport Shipping Ltd ('Mainport') for the pre- and post-delivery lease financing of the hybrid survey and ROV support vessel - 'Geo Master'. The vessel is currently under construction at Neptune Construction B.V., a shipyard in the Netherlands. Supporting the growing European offshore wind market, the vessel is scheduled for deliv...
Castor Marine is excited to announce that Navarino has acquired 100% of the shares of Castor Marine B.V. This milestone marks an exciting new chapter for both organisations, as they come together to better serve their customers with comprehensive, innovative solutions and a shared commitment to excellence. Both Navarino and Castor Marine are thriving businesses with strong growth trajectories. Each serves a complementary set of customers, with whom they have co-created tailor-made technol...
According to the latest data from DNV’s Alternative Fuels Insights (AFI) platform the maritime industry’s exceptional newbuilding year 2024 drove a significant rise in orders for alternative-fuelled vessels. A total of 515 such ships were ordered, representing a 38% year-on-year increase compared to 2023, underscoring the industry's growing commitment to decarbonisation. Demands for sustainable practices The growth in alternative-fuelled vessel orders has been heavily driven by th...
Figures across the dry bulk shipping sector have joined in paying tribute to Dimitri Fafalios, who concluded his chairmanship of the International Association of Dry Cargo Shipowners (INTERCARGO) on 31 December 2024, after six years of distinguished leadership. Fafalios's pivotal role Industry pioneers have praised Mr. Fafalios's pivotal role in strengthening international shipping standards during a period of unprecedented change, noting his success in expanding INTERCARGO's influence, while...
Kongsberg Discovery has reached an agreement to acquire Naxys Technologies AS. The Bergen-based company is a world pioneer in technology for underwater environmental monitoring, with a specialism in recognising the sound of oil and gas leaks. The oceans are crucial for solving global challenges related to climate, food and security. CEO Geir Håøy of KONGSBERG points out that Naxys fits well into the company's technology portfolio. Advanced sensor and underwater robotics The ratio...
Watson Farley & Williams (“WFW”) advised Viking Ocean Cruises (“Viking”) on the delivery of the ocean ship - 'Viking Vela' from Fincantieri's Ancona shipyard, Italy. The 'Viking Vela', the 11th ship delivered to Viking by the Fincantieri Group, is built according to the latest navigation and safety regulations. It is also equipped with high-efficiency engines and systems that minimise the pollution of exhaust gases and that meet the strictest environmental requiremen...
Kongsberg Digital and PSA Marine Pte. Ltd. have entered into a strategic collaboration to enhance maritime harbour pilot training, leveraging cutting-edge simulation technology to equip PSA Marine’s harbour pilots with advanced skills to navigate the growing complexities of maritime operations, including autonomous ships and sustainable propulsion systems. Integrated marine services Headquartered in Singapore, PSA Marine provides integrated marine services, which are primarily pilotage a...
As part of its strategy to penetrate new and emergent markets, Thordon Bearings has appointed Axioma servisas as its sales, service, and distribution lead for Lithuania.Lithuania has been one of the fastest-growing economies in the EU over the past five years. The country continues to actively develop its maritime, manufacturing, and renewable energy sectors, as part of government policy to strengthen the country’s industrial competitiveness. Technology solutions Vilnius-headquartered...
Vigor announced Mark Norris has joined the company as Vice President of Marine Fabrication. Norris will oversee one of the pioneering and most innovative marine vessel fabricators in the U.S., which is currently in production on the Maneuver Support Vehicle (Light), or MSVL, the U.S. Army’s new generation landing craft. He will be responsible for growing and maintaining an experienced, skilled team, while leading Vigor’s defence and commercial marine fabrication projects....
Strategic Marine is proud to announce the signing and delivery of its first Surface Effect Ship (SES) to All Energies Services (AES), a groundbreaking moment in the company’s advancement within the offshore oil and gas sector. The contract marks a major step in Strategic Marine’s ongoing collaboration with AIRCAT Vessels, ESNA – Espeland and Skomedal Naval Architects, and AES bringing a revolutionary 35-meter SES vessel to life. Surface Effect Ship This high-perfor...
A rescue deal for the Belfast-based shipbuilder, which could be announced as early as on Thursday, 19th Dec 2024, is expected to include job guarantees for its workforce of more than 1,000 people. Sky News has learned that ministers hope to announce that Harland & Wolff (H&W) and its four UK shipyards are being acquired by Navantia, S.A., S.M.E, the Spanish shipbuilder, after months of negotiations. H&W’s assets and sites Navantia’s board is expected to meet to ratif...
Indian Register of Shipping (IRS) concludes 2024 with remarkable achievements across sustainability, innovation, and maritime safety, making its Golden Jubilee year a testament to its legacy and vision. From spearheading decarbonisation projects to reviving India’s maritime heritage, IRS has reinforced its leadership role in the global maritime sector. Step in maritime innovation It classed a next-generation electric ferry, furthering the push for cleaner maritime transport In line wit...
ABS and Akselos have signed a Memorandum of Understanding (MoU) to advance engineering and certification processes for floating offshore wind projects. The companies signed a Memorandum of Understanding (MoU) to collaborate on solutions aimed at optimising design, reducing costs, and improving efficiency for the floating wind sector globally. Akselos' simulation technology The alliance utilises ABS's expertise in offshore credential and type with Akselos' technology The collaborati...
The International Association of Dry Cargo Shipowners (INTERCARGO) marked a transformative year in its 2023-2024 Annual Review, launching major initiatives while reaching record membership levels amid growing industry challenges. Outgoing Chairman Dimitri Fafalios reflected on key developments during 2024, including the August launch of the Dry Bulk Centre of Excellence (DBCE) and its DryBMS portal, demonstrating the sector's dedication to operational excellence. Latest Bulk Carrier Casualty R...
WEG celebrates the remarkable achievement of supplying two thousand generators to Vestas one of the vital components of the turbines produced by the Danish company, further strengthening its contribution to the clean energy sector in Brazil. The equipment, designed to operate in Vestas wind turbines, is installed in various wind farms across the country, highlighting the shared commitment of both companies to sustainability and the development of Brazil’s renewable energy matrix. WEG&r...
The World Shipping Council (WSC) Board of Directors has elected Soren Toft, CEO of MSC Mediterranean Shipping Company, as the new Chair of the World Shipping Council Board. Randy Chen, Vice Chairman of Wan Hai Lines, has been elected Vice Chair. Soren Toft and Randy Chen will serve a two-year term, effective immediately. The new Chair and Vice Chair succeed Rolf Habben Jansen, CEO of Hapag-Lloyd AG, and Jeremy Nixon, CEO of ONE, who have served as Co-Chairs of the WSC Board...
ABS will deliver audits of the International Ship and Port Facility Security Code (ISPS Code) on behalf of the Italian Administration from January 1, 2025, following an agreement signed at Italy’s Ministry of Infrastructures and Transport. ABS statutory activities As a Recognised Organisation of the Italian Administration, ABS will conduct statutory activities, including approval of Ship Security Plans, security verifications, and issuance of Interim International Ship Security Cert...
Langstone Harbour, a designated Site of Special Scientific Interest (SSSI), has completed the successful installation of a comprehensive marine environmental monitoring solution provided by OceanWise. Langstone Harbour, located between Portsmouth and Chichester on the southern coast of Hampshire, is renowned for its rich wildlife and is designated as a Special Protection Area (SPA). Managed by the Langstone Harbour Board, it is a hub for a range of activities, including commercial shipping, fis...
Brunvoll has secured another contract with Myklebust Shipyard for the delivery of a comprehensive thruster package. This confirms the option for an additional vessel for REM Offshore, originally announced in May of this year. Like the previous contract, this agreement also includes an option for a third additional vessel. Brunvoll’s thruster package Brunvoll’s thruster package consists of two propulsion azimuth thrusters and a tunnel thruster Brunvoll’s thruster packag...
Wärtsilä Gas Solutions, part of technology group Wärtsilä, has signed a three-year Service & Maintenance Agreement with Greek fleet-owner GasLog LNG Services. The agreement covers five 180,000 m3 LNG Carrier vessels, all of which are fitted with Wärtsilä mixed refrigerant (MR) Reliq liquefaction plants. The signing took place in December 2024, and the order was booked by Wärtsilä in the same month. Wärtsilä digital services...
Swiss marine power company WinGD has reached a milestone in realising its X-DF-M methanol-fuelled engine design, running the first commercial engine at full load on more than 95% methanol fuel. The ten-cylinder, 92-bore 10X92DF-M engine was run on a testbed at CSSC-MES Diesel (CMD) in Shanghai in mid-December. Newbuild X-DF-M engine The single-fuel 10X92-B engines on earlier vessels in the series will be converted for methanol The engine will be installed on the fourth of a series of 16,000...