Decarbonisation - News

Technology group - Wärtsilä has signed a 16-year Lifecycle Agreement with Seapeak Maritime (Glasgow) Ltd, one of the largest independent owner-operators of liquefied gas vessels. The contract covers ten LNG Carriers and is an extension of an earlier Wärtsilä Lifecycle Agreement for these vessels. The new order was booked by Wärtsilä in Q1 2024. The global demand for LNG is rising, and is expected to continue to rise over the coming years, which is driving a need fo...

The Naval Support Integrated Global Network (NSIGN) Programme has been established to deliver the future of in-service support to Royal Navy warships and submarines, along with maintenance and operation of the three Naval Bases. NSIGN will be a framework of contracts that will support all legacy, new-to-service and future platform types including modular solutions.  NSIGN is now in the concept phase and within this, the Ships Engineering Project has stood up ready to continue with market e...

Watson Farley & Williams ('WFW') is strengthening its Middle East ship finance practice with the relocation of Assets & Structured Finance Partner, Emily Widdrington from London to Dubai as of 1 August 2024. Emily has over 12 years of experience advising and acting for banks and ship owners on loan and security documentation. Her experience ranges from advising on high-value ECA-backed financings to loan agreements involving sustainability-linked margin adjustments. New LNG-powered cru...

ABS awarded approval in principle (AIP) to two new developments from Jiangnan Shipyard: a new insulation system and a modern design for an ultra-large ethane carrier (ULEC). The ULEC design is first equipped with the next-generation BrilliancE® II Type-B cargo containment system, a modern cryogenic liquefied gas containment system designed to optimise ship performance. The second AIP was awarded for Jiangnan’s patented insulation system, PnFCOMBi, which can be used for type B tan...

ClassNK has carried out third-party verification for self-aggregated social data of Mitsui O.S.K. Lines, Ltd. and its group companies, and issued an assurance statement. In an era where proactive corporate actions are required to realise a sustainable society, disclosure of non-financial information, such as environmental data and social data is increasing in importance as a corporate ESG performance indicator. Disclosure of ESG information ClassNK is providing support towards the realisatio...

The state-of-the-art 'Olympic Boreas' CSOV has been delivered to Olympic by Ulstein Verft on 25.07.2024. The vessel is the first of two sister vessels, based on the ULSTEIN SX222 design by Ulstein Design & Solutions AS. 'Olympic Boreas' CSOV Olympic Boreas has been designed with the TWIN X-STERN solution and comes with a unique hybrid power integration. Further, she has a large gangway system installed, high-capacity, delicately furnished accommodation, including offices, lounges, day roo...

The International BoatBuilders’ Exhibition and Conference (IBEX), North America’s premier technical trade event for the recreational marine industry, announced its expanded pavilions and trade routes focusing on start-ups, industry education, as well as cutting-edge technologies and processes. Registration is open for 2024's show, set to take place at the Tampa Convention Center, from October 1 - 3, 2024. Start-Up pavilion In partnership with Yachting Ventures, IBEX will introduce...

Technology group Wärtsilä will supply a hybrid-electric propulsion system for an 11,000 dwt Limestone Carrier. The vessel was contracted by Montreal-based CSL Group (“CSL”) with CCCC Shanghai Equipment Engineering and Jingjiang Nanyang Shipbuilding. The order with Wärtsilä was booked in Q1 2024. The order reflects CSL’s focus on reducing its emissions profile via a comprehensive decarbonisation strategy. Wärtsilä has been closely involved in devel...

ABS awarded approval in principle (AIP) to CLS Wind for its innovative wind turbine assembly system.  The patented elevator-style assembly system promises easier, safer and faster wind turbine and nacelle installation and maintenance, without the use of large cranes and heavy-lift barges or vessels. ABS completed design reviews based on class and statutory requirements. “This is an exciting milestone for CLS Wind and domestic renewable energy production. ABS is committed to supportin...

Thordon Bearings’ brake cups are being supplied to Hydro-Québec, the largest hydropower company in Canada, as part of a decade-long turbine brake system overhaul program. The Burlington-based bearing and seal specialist is providing the brake cups to its Canadian distributor RMH Industries, an integrated company specialising in mechanical and hydraulic repair and machining of oversized parts. RMH Industries has been manufacturing and repairing brake blocks for Hydro-Québec s...

Seanergy Maritime, a prominent pure-play Capesize shipowner that is publicly listed in the US and provides marine dry bulk transportation services, has chosen to integrate Orca AI's cutting-edge automated computer-vision situational awareness platform into its operations. AI's advanced technology The project demonstrates Seanergy's commitment to advancing safety and efficiency in maritime navigation. Athens-based Seanergy currently owns a modern fleet of 18 dry bulk vessels Athens-based Sean...

In Rotterdam, the Eco Maestro was christened, the first dual-fuel container vessel to sail on methanol. Rotterdam will be the home port to all fourteen vessels of the Singapore X-Press Feeders. X-press Feeders aims to have these ‘green vessels’ sail mainly on routes in Europe, which means there will be a first network of feeders sailing on green methanol in Europe. The Taiwan container shipping company Evergreen Feeders has signed a contract to that end with the Singapore feeder shi...

Bibby Financial Services (BFS) has bolstered its Marine Finance business with the appointment of an experienced front and back-office team, as it looks to grow its support for the maritime sector. First launching in 2023, BFS Marine Finance provides specialist financing and support to the sector across a wide range of vessel types, including wind farm service vessels, general purpose workboats, passenger vessels and ferries, survey vessels, tugs and barges, coastal ships, charter boats and hire...

Cochin Shipyard Limited (CSL), the premier shipbuilding and repair company in India, delivered the 15th Electric Hybrid 100 Pax Water Metro Ferry BY 126 to Kochi Water Metro. The occasion was marked by the Delivery Protocol Signing ceremony held at CSL, in the presence of Directors of KMRL and CSL, along with senior officials from KMRL, CSL, DNV, and IRS. Shri. Harikrishnan S, Chief General Manager CSL, and Shri. Shaji P. Jananardhanan, Chief General Manager KMRL, signed the protocol document o...

ABB has been awarded a contract by Washington State Ferries (WSF) to serve as the propulsion single source vendor (PSSV) for its groundbreaking new hybrid electric 160-auto ferries. This project marks a significant milestone in the evolution of sustainable maritime transportation in the US and beyond, with ABB playing a pivotal role in developing and delivering the five newly built vessels. Hybrid electric propulsion systems As PSSV, ABB will supply comprehensive hybrid electric propulsion sy...

Two of APCL’s most important priorities are worker safety and carbon reduction. And by partnering with a new glove supplier, APCL’s Cammell Laird facility has won an award for its continued commitment to both. APCL subsidiary Cammell Laird has named Traffi their new preferred supplier, with the intention that they should provide the absolute best protection for workers. New glove usage Since using the new gloves, hand injuries at the Birkenhead shipyard have been reduced by two-th...

National Maritime, in partnership with the University of Greenwich, will host a two-day conference and exhibition exploring sustainable practices and business opportunities in the maritime realm. The 4th Society & the Sea International Conference 2024 will take place on the 9th and 10th of September 2024 in the UNESCO World Heritage Site of Maritime Greenwich. The theme of the conference is ‘To be truly blue, we must also think green: developing a sustainable blue economy needs b...

ITOCHU Corporation, ClassNK, Nihon Shipyard Co., Ltd., and Maritime and Port Authority of Singapore (MPA) have signed a Memorandum of Understanding (MoU) regarding a joint study for the design and safety specifications of ammonia-fuelled ships which are under development by ITOCHU and partners. Ammonia is advancing as a viable marine fuel solution for the decarbonisation of the maritime sector. The discussion for a specification of ammonia-fuelled ship with governmental body related to their op...

Peninsula, the global pioneer in marine energy solutions, is pleased to announce the successful LNG bunkering of the car carrier - Thor Highway by their LNG bunker vessel, Levante LNG.  The supply operation was carried out for their customer - “K” LINE in Gibraltar. Thor Highway The Thor Highway, operated by “K” LINE, is a newly built LNG dual-fueled car carrier chartered by the company and was delivered in 2024. The vessel is part of “K” LINE’s...

Innovative technology developed by Arkitech delivers substantial efficiency improvements to the HVAC (Heating, Ventilation and Air Conditioning) system onboard MSC Magnifica. Leveraging AI and machine learning, the technology analyses data from over 1,500 sensors on the MSC Cruises’ ship, enhancing chiller efficiency by up to 12% and achieving predicted annual savings of 1600MW which is equivalent to removing the 687 cars from European roads. This efficiency is realised without compromis...

Olympic Subsea is proud to announce their partnership with Ulstein and Rambøll to carry out the “LCAS - Life Cycle Assessment in Shipbuilding” project. This initiative focuses on developing a maritime-oriented method to evaluate the environmental impact of new vessels throughout their entire life cycle.  In this work, Olympic Subsea is specifically looking at the two new offshore wind service vessels developed by Ulstein Design & Solutions AS, both of which are...

The expansion of the offshore wind market has brought about significant changes in the cable-laying industry. More turbines mean more cables to install, which means a greater need for carousel capacity on the cable-laying vessel.  Average cable length However, the length of the installed cable is dependent not only on the number of turbines, but also on their size. The average cable length per wind farm has grown from 30 km in the 2000s to 80 km in the late 2010s and is projected t...

ClassNK has granted its Innovation Endorsement for Products & Solutions to a Ship IoT Application “i-MITEC” by MIURA CO., LTD. 'i-MITEC' uses a cloud-based environment to provide a range of services, collecting and storing operation data from equipment, such as marine boilers and ballast water management systems that are fitted with communication functionality.  The stored data can be used in combination with analysis by MIURA field engineers to provide suggestions for ef...

X1 Wind, a developer of floating wind technology, has officially opened a new office in Navarra, which will be responsible for designing and implementing electrical, communication, and control systems for floating wind platforms. The new offices will primarily host X1 Wind’s electrical department, which includes five electrical engineers led by Adrián Oliva, Electrical & SCADA Manager. Additionally, the offices will include an industrial engineer from the operations departmen...

The launch of the seventh PPA (Multipurpose Combat Ship) “Domenico Millelire” took place at Fincantieri’s shipyard in Riva Trigoso (Genova) on Saturday 13 July 2024. The ceremony was attended, among others, by Vice Admiral Giuseppe Berutti Bergotto, Deputy Chief of Staff of Italian Navy, and Massimo Scialpi, Deputy Director OCCAR, welcomed for Fincantieri by Dario Deste, General Manager Naval Vessels Division. The godmother of the ceremony was Ms. Franca Millelire, a relative o...

KR held the 19th KR European Committee (KREC) meeting in London, UK, on July 1st. The KREC, established in 2004, includes members from major international maritime organisations and key European KR customers as follows: Oil Companies International Marine Forum (OCIMF) International Association of Independent Tanker Owners (INTERTANKO) International Chamber of Shipping (ICS) Baltic and International Maritime Council (BIMCO) International Association of Dry Cargo Shipowners (INTERCARGO) In...

Watson Farley & Williams advised ABN AMRO BANK N.V. and ING BANK N.V. on a US$245m term loan facility granted to Tsakos Energy Navigation Limited for the financing of a fleet of tanker vessels. WFW acted as lead counsel on the transaction and assisted ABN and ING throughout the life cycle of the transaction, from the negotiation and execution of the facility to the delivery of each vessel. Transportation services TEN is a world-pioneering tanker operator, listed on the New York...

Hintco GmbH announces Fertiglobe as the successful bidder of the first H2Global pilot auction for renewable ammonia, funded by the German Government. The winning bidder, Fertiglobe, a strategic partnership between ADNOC and OCI, will start producing renewable ammonia destined for delivery in 2027 for a maximum contract value of EUR 397 million.  Renewable ammonia The renewable ammonia will be delivered to the port of Rotterdam and sold by Hintco in standardized quantities in annual aucti...

Seatrium announced that it has awarded the American Bureau of Shipping (ABS) a Classification contract for the newbuild floating production storage and offloading vessels (FPSO) platforms P-84 and P-85 with the final delivery expected in 2029. These are the first FPSOs to be awarded following ABS and Seatrium’s Technology Collaboration Agreement (TCA), which aims to promote increased decarbonisation, digitalisation and innovation in the offshore industry. Efficient power generation Both...

EV Maritime, New Zealand’s pioneering electric ferry design and technology company, announced it has been commissioned by Angel Island Tiburon Ferry (AITF) to design an all-new hybrid electric vessel for the fleet. The progressive project, which will see the electrification of two existing vessels and the construction of a third new plug-in hybrid vessel, has been funded by the California Air Resources Board (CARB). The hybrid vessel will be designed and engineered by EV Maritime with el...