South Korean shipbuilder HD Hyundai Heavy Industries (HD HHI) is working together with Seoul National University to develop eco-friendly ship technology through the advancement of sloshing technology in ship cargo holds. HD Hyundai Heavy Industries On January 19, 2024, the duo signed a memorandum of understanding (MOU) on the cooperation
Startup-corporate partnerships are becoming increasingly important as the maritime sector experiences a greater demand for innovation. At the Offshore Energy Exhibition & Conference 2023, Buccaneer, a company that sources and supports startups and scaleups in the maritime, and PortXL, a B2B maritime accelerator with a focus on creating tangible business
Japanese engineering company Chiyoda Corporation, compatriot shipping major Nippon Yusen Kabushiki Kaisha (NYK), and its affiliate Knutsen NYK Carbon Carriers AS (KNCC) have conducted a joint study to quantitatively evaluate and verify the feasibility of the carbon capture, utilization, and storage (CCUS) value chain. The value chain includes liquefaction, temporary
TFG Marine, an international marine fuel joint venture founded by Trafigura, Frontline and Golden Ocean, has christened the first liquefied natural gas (LNG) duel-fueled bunker tanker to join its fleet. TFG Marine The naming ceremony took place in Keppel Bay Harbour, Singapore, on January 30, 2024. The 5,000 dwt newbuild
ACUA Ocean, a manufacturer of hydrogen-powered uncrewed surface vessels (USVs), and Genevos, a hydrogen fuel cell power systems integrator, have signed a memorandum of understanding (MoU) for a commercial collaboration to develop next-generation hydrogen-powered USVs (H-USV). ACUA Ocean The strategic collaboration will focus on the development of a fully integrated
Ireland’s largest bulk port Shannon Foynes and the Port of Rotterdam have signed an agreement to develop a supply-chain corridor for exporting green fuels into Europe produced from the west of Ireland’s limitless wind resource. Port of Rotterdam As informed, the agreement will focus on market and trade development for
Danish methanol-as-marine-fuel consultancy Green Marine has teamed up with Lloyd’s Register (LR) classification society on expert training for methanol handling. Illustration; Image credit: LR The training program is intended for maritime stakeholders that aim to build or retrofit and operate vessels with methanol-as-fuel technology. Methanol, known for its lower carbon
Abu Dhabi-based clean energy company Masdar and French shipping major CMA CGM have signed a strategic supply partnership (SSP) to explore opportunities for long-term green maritime fuels offtake contracts. Courtesy of Masdar Masdar revealed the agreement on January 30, stating that the partnership aims to source, supply, and deliver green
Oslo-listed Wallenius Wilhelmsen has sealed two contracts worth over $1.2 billion with an unnamed global construction and mining equipment manufacturer and one of the largest automotive distributors in the Americas. Wallenius Wilhelmsen The first multi-year shipping contract, valued at approximately $1 billion based on expected volumes is valid for three
The role of alternative fuels in powering the low-carbon economy will dramatically increase volumes of renewable ammonia, outstripping growing volumes of renewable methanol, according to the UK-based research and consultancy firm Maritime Strategies International (MSI). Yara Eyde; Image credit Yara In a new Foresight article, MSI predicts that the next