Tag: Signs
MOL Signs Time Charter Contract with Yara, World’s Largest Nitrogen Fertilizer Manufacturer, for Ammonia Carrier
Mitsui O.S.K. Lines, Ltd. announced the signing of a time charter contract for the ammonia carrier Green Pioneer with Yara Clean Ammonia Switzerland SA (YCA Switzerland), a group company of Yara International ASA (Yara; CEO: Svein Tore Holsether, Headquarters: Oslo Norway), the world’s largest nitrogen fertilizer manufacturer. The vessel was delivered on December 25,2023 and…
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…
WinGD signs four-way partnership to deliver CMB.TECH ammonia engines
Swiss marine power company WinGD has concluded a four-party agreement underwriting Belgian bulk carrier operator CMB.TECH’s order of X72DF-A ammonia-fuelled engines. CSSC Qingdao Beihai Shipbuilding (QBS) and engine builder CSSC Engine Co (CSE) were the other signatories in the joint undertaking to power a series of 210,000 DWT bulk carriers to be delivered from Qingdao…
Wärtsilä signs Electrification and Integration Services agreement for USA’s first zero-emission high speed ferries project
Technology group Wärtsilä has signed a strategic partnership agreement to provide its Fleet Electrification and Systems Integrator Services for a project to build the first zero-emission high speed ferries in the USA. The fully electric vessels will be built for San Francisco’s Water Emergency Transportation Authority (WETA), the operator of the San Francisco Bay Ferry…
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…
Anemoi signs deal with Hudong-Zhonghua Shipbuilding Group to develop Rotor Sail designs for LNG carriers
Anemoi Marine Technologies has entered into a Joint Design Cooperation Agreement with Hudong-Zhonghua Shipbuilding Group for the design of Rotor Sails onboard two LNG carrier newbuildings. The deal was signed on 26 October between Nick Contopoulos, Chief Operating Officer of Anemoi, and Wang Jiaying, Director of Research and Design Department from Hudong-Zhonghua, at DongHua Technology…
Corvus signs the first order for its inherently gas-safe Pelican Fuel Cell system
Corvus Energy, the world’s leading provider of zero-emission solutions for the maritime industry, is pleased to announce that the Company has been selected by Hvide Sande Shipyard in Denmark to supply a complete hydrogen fuel cell system for the training vessel “MS Skulebas.” This marks a historic milestone for Corvus Energy. One-of-a-kind training vessel for…
COSCO SHIPPING signs Memorandum of Cooperation on the Construction of a Green Methanol Industrial Chain
On September 20, China COSCO SHIPPING Corporation Limited (COSCO Shipping), State Power Investment Corporation Limited (SPIC), Shanghai International Port Group (SIPG), and China Certification & Inspection Group (CCIC) jointly signed the “Memorandum of Cooperation on the Construction of a Green Methanol Industrial Chain” online. This milestone signifies the start of the actual construction phase for…
World Trade Report 2023 makes case for “re-globalization” amid early signs of fragmentation
The post-1945 international economic order was built on the idea that interdependence among nations through increased trade and economic ties would foster peace and shared prosperity. For most of the past 75 years, this idea guided policymakers, and helped lay the foundation for an unprecedented era of growth, higher living standards and poverty reduction,” WTO…
ABS Signs MOU with Korea Hydrogen Industry Association and the University of Ulsan to Develop Cutting-Edge Hydrogen-Fueled Vessel
ABS signed a memorandum of understanding (MoU) with the Korea Hydrogen Industry Association (KHIA) and the University of Ulsan, Foundation for Industry Cooperation (UOUFIC) to develop a small, 40-seat vessel for tourism, equipped with electric propulsion using a 350-kW hydrogen fuel cell. The zero-emission vessel qualifies as one of the research, development and demonstration (RD&D)…
