Tag: significantly
Oldendorff Carriers to significantly reduce emissions by outfitting three Norsepower Rotor Sails™ to a post-Panamax bulk carrier
Oldendorff and Norsepower have announced an agreement to use Norsepower Rotor Sails™ to further reduce CO2 emissions on a modern bulk carrier. The vessel Dietrich Oldendorff (IMO 9860350) is to be outfitted with three 24m x 4m Norsepower Rotor Sails™ by mid-2024. It is contracted to be employed on a North Pacific trade route to…
Maersk signs landmark green methanol offtake agreement, significantly de-risking its low-emission operations in this decade
The offtake agreement between A.P. Moller – Maersk and Chinese developer Goldwind, a global leader in clean energy, reaches into the next decade and marks the first large scale green methanol offtake agreement for the global shipping industry. This deal is a milestone for Maersk as it enables us to significantly reduce our emissions footprint…
New Project Aims to Significantly Reduce Four-Stroke Methane Slip
MAN Energy Solutions has announced that it is developing an oxidation catalyst for four-stroke engines that will significantly reduce methane slip. Called ‘IMOKAT II’ and developed at MAN Energy Solutions’ headquarters in Augsburg, Germany, the research project is currently undergoing testing at the company’s Frederikshavn, Denmark facility. Funded by the German Federal Ministry for Economics…
Congestion at Brazilian ports for Panamax bulkers increases significantly from summer onwards
The second week of October brought both promising and concerning developments in the shipping industry. In the Capesize Brazil to North China route, freight rates continued to exhibit strength, reaffirming their resilience in the face of various market dynamics. However, amidst these encouraging signs, a significant shift has occurred in the number of ballasters since…
