Swedish-Swiss technology company ABB has been selected by Japan’s IHI Power Systems to deliver complete modularized electric propulsion package for the world’s first hybrid-electric biomass fuel carrier. Initiated by Japanese shipping consortium e5 Lab Inc., the ROBOSHIP vessel supports Japan’s ambitions for net-zero greenhouse gas emissions by 2050. The consortium,
Japanese shipping company Mitsui O.S.K. Lines (MOL), its unit MOL Chemical Tankers (MOLCT), Singapore-based commodity trading company Trafigura and its vessel fuel supply joint-venture company TFG Marine have signed a memorandum of understanding (MOU). As informed, the MOU is for a joint study on the full-scale supply of biodiesel fuel
Japanese shipbuilder Kawasaki Heavy Industries (KHI) has secured a contract with the compatriot shipping company Nippon Yusen Kabushiki Kaisha (NYK) for the construction of a liquefied petroleum gas (LPG) and liquefied ammonia gas (NH3) carrier powered by LPG fuel. Source: Kawasaki Heavy Industries This is the third LPG/NH3 carrier for
U.S.-based LNG specialist Excelerate Energy has entered into a senior secured revolving credit facility that enables it to borrow up to $350 million over a three-year term. Courtesy of Excelerate Energy In a statement, Excelerate said it entered into this credit facility with Excelerate Energy Limited Partnership. The three-year term
Boskalis is currently in process of designing a low-carbon dredging vessel – the Cablehopper, in partnership with Rijkswaterstaat. According to the Papendrecht based dredging giant, the vessel’s tasks will include maintenance and beach replenishment operations along the Dutch coastline. “Innovative propulsion, a slow sailing speed and optimized suction production mean that
Partners in several North Sea fields have reaffirmed their commitments to export the oil produced from their fields to the Repsol Sinopec Resources-operated Flotta Terminal in Scotland. Meanwhile, an area of the terminal is considered for the creation of a green hydrogen hub powered by offshore wind. Repsol Sinopec Resources
The Nationaal Groeifonds, an initiative of the Dutch Ministries of Economic Affairs & Climate Change and Finance, is investing in Zero Emission Services (ZES) to speed up the implementation of ZES’ system solution for inland shipping. According to ZES, the company will receive the €50 million (around $54.9 million) investment for
Finland-based shipping company ESL Shipping, part of the Aspo Group, has joined Botnia Link hydrogen project as the first customer-side stakeholder. Illustration. Courtesy of ESL Shipping As explained, the partnership is expected to strengthen ESL Shipping in its strategic roadmap towards fossil-free shipping as well as Botnia Link H2, now covering
Norwegian ferry company Torghatten Nord AS has contracted Turkish Cemre Shipyard to build a zero-emission double-ended car and passenger ferry that operates on battery-electric power. Torghatten Nord/Norwegian Ship Design All power for the new zero-emission vessel will come from the grid onshore through high-capacity automated charging connections. In case shore
The board of directors of Taiwanese shipping company Yang Ming Marine Transport Corp. has approved the construction of five 15,000 TEU containerships that will be equipped with dual-fuel LNG marine engines. Illustration. Courtesy of Yang Ming The ships will be built in the name of the company or its subsidiaries,