Tag: global
ABS Signs Milestone MOU with Indian Innovators to Drive Global Hub for Green Shipbuilding
(KOLKATA) ABS joined Garden Reach Shipbuilders and Engineers (GRSE) Ltd., Seatech Solutions International (Seatech) and Shift Clean Energy (Shift) in signing a memorandum of understanding (MoU) to develop electric tugboats, part of an initiative to achieve India’s goal of becoming the ‘Global Hub for Green Shipbuilding’ by 2030. The proposed…
Shipping CEOs join forces to accelerate the decarbonization of the global maritime transport
The Chief Executive Officers (CEOs) of leading global shipping lines have issued a joint declaration at COP 28 calling for an end date for fossil-only powered newbuilds and urging the International Maritime Organization (IMO), the global regulator, to create the regulatory conditions to accelerate the transition to green fuels. Global temperatures are breaching critical levels,…
Simplified Global GHG Fuel Standard for marine fuels put forward to help meet net zero target
The International Chamber of Shipping (ICS), which represents over 80% of the world’s merchant fleet, and the International Bunker Industry Association (IBIA), which represents the global bunker industry, have submitted a joint proposal to the shipping industry’s global regulator – the UN International Maritime Organization (IMO) – for a Global GHG (greenhouse gas) Fuel Standard.…
GSBN partners with DNV to enable verified data sharing in a major push for decarbonisation of the global shipping industry
Global Shipping Business Network (GSBN), a neutral, not-for-profit consortium enabling efficient, paperless and sustainable growth in global trade with its data infrastructure and ecosystem of partners, has signed a Memorandum of Understanding (MoU) with DNV, the leading classification society. The partnership aims to promote decarbonisation and accelerate the adoption of alternative fuels by enabling the…
ZeroNorth and Alpha Ori Technologies announce plan to join forces, boosting fuel and efficiency optimisation options across the global shipping fleet
ZeroNorth and Alpha Ori Technologies (AOT) have announced today that they intend to join forces in an agreement that will create a leading maritime optimisation company and a new powerhouse in shipping’s digital transformation. Subject to regulatory approval, the two companies plan to generate synergies by combining Alpha Ori Technologies’ expertise in IoT sensors and…
Global Fleet Grows by at Least 30% Over the Past Decade
The global fleet of tankers and bulkers has grown substantially over the course of the past decade, both as a result of newbuildings, but also due to the delay in decommissioning older tonnage. In its latest weekly report, shipbroker Xclusiv said that “the Dry and Tanker markets have grown notably since 2013, with the total…
Pertamina International Shipping (PIS) Partners Energy Trader BGN, Expanding Global Fleet of LPG Carriers
PT Pertamina International Shipping (PIS) has once again engaged international partners to expand its presence in the global market and explore additional business opportunities in support of energy supply and security. PIS has signed an agreement with BGN, a leader in global energy, in which the two companies outlined prospective collaborations that span joint ownership…
ABS Brings Global Experts and Maritime Industry Leaders Together for Nuclear Energy Forum in Washington, D.C.
(WASHINGTON, D.C.) “Nuclear energy has moved beyond a wildcard option and into the mainstream of potential solutions for a more sustainable maritime industry. Nuclear energy is not just about the potential for a reactor to operate on a ship. With advanced nuclear technology, the potential is so much more.” That…
Bold global action needed to decarbonize shipping and ensure a just transition: UNCTAD report
The Review of Maritime Transport 2023 urges swift action and system-wide collaboration to decarbonize maritime transport amid growing carbon emissions and regulatory uncertainty. UNCTAD has called for a “just and equitable transition” to a decarbonized shipping industry in its Review of Maritime Transport 2023 launched ahead of World Maritime Day (28 September). The agency highlights…
Three Japanese Shipping Companies Partner to Establish Global Liquefied Hydrogen Supply Chain
On September 12 2023, Japan Suiso Energy, Ltd. (JSE)*, and three Japanese shipping companies, Kawasaki Kisen Kaisha, Ltd. (“K”LINE), Mitsui O.S.K. Lines, Ltd. (MOL), and Nippon Yusen Kabushiki Kaisha (NYK), have agreed to join JSE Ocean, Ltd. (JSE Ocean), a subsidiary of JSE. JSE remains the majority shareholder with 50.2% of stock, whilst the shipping…
