Tag: transition
ABS and Seatrium Sign Multi-Year Agreement to Collaborate on Accelerating Decarbonization and the Energy Transition
ABS and Seatrium have enhanced their long running partnership on cutting-edge marine and technology projects with the signing of a three-year Technology Collaboration Agreement (TCA) at the Offshore Technology Conference (OTC). Entitled “Accelerating Decarbonization and Energy Transition,” the agreement is the foundation for further collaboration on a succession of state-of-the-art projects under four broad themes:…
MOL Is 1st Japanese Shipping Company to Raise Funds through Transition Linked Loan Using Performance-based Interest Subsidy System
Mitsui O.S.K. Lines, Ltd. yesterday announced that it has decided to raise funds through a syndicated transition linked loan using the performance-based interest subsidy system based on Japan’s Act on Strengthening Industrial Competitiveness. The Minister of Land, Infrastructure, Transport and Tourism approved MOL’s business adaptation plan on March 28. MOL is the first Japanese shipping…
Straits’ Unit Accelerates Shipping’s Energy Transition With Pioneering Delivery of ISCC EU Certified Marine Biofuel in Malaysia
Straits Energy Resources Berhad, a Bursa Malaysia-listed company, announced today that its subsidiary, Tumpuan Megah Development Sdn Bhd (“Tumpuan Megah”), successfully completed what is believed to be the first delivery of International Sustainability and Carbon Certification (“ISCC EU”) certified marine biofuel by a Malaysian supplier. Tumpuan Megah supplied approximately 4,500 metric tonnes of ISCC EU-certified…
ClassNK facilitates transition to zero-emission with energy efficiency improvement, alternative fuels, onboard CCS
ClassNK has extended its services to support concrete actions by customers towards a smooth transition to shipping zero-emission. With the revision of IMO’s GHG emissions reduction targets and the introduction of the EU climate policy package for the shipping sector, regulations towards zero-emission are becoming increasingly stringent. However, the infrastructure for supplying zero-emission fuels is…
IMO Inches Closer to Adopting Legally Binding Measures to Phase out Shipping Emissions Through an Equitable Transition
We welcome the overwhelming, majority support for a universal GHG levy on international shipping, which emerged at the International Maritime Organization (IMO) negotiations in London on 11-15 March (ISWG-GHG-16) and 18-22 March (MEPC82). We particularly applaud the efforts of the growing Pacific Coalition (Fiji, Kiribati, Marshall Islands, Nauru, Solomon Islands, Tonga, Tuvalu, and Vanuatu), ‘6PAC+’,…
NAPA Studios launches to accelerate shipping’s energy transition through data-driven collaboration
NAPA, a global provider of maritime software and data services, has introduced NAPA Studios, an initiative that will foster cross-industry partnerships to deliver new data-driven solutions and insights on some of the most imminent ship design, safety and operational challenges faced by the maritime industry. The initiative will leverage NAPA’s extensive digital technology and maritime…
Wärtsilä introduces Ammonia Fuel Supply System to ease shipping’s transition to ammonia fuel
Wärtsilä Gas Solutions, part of technology group Wärtsilä, introduces a groundbreaking Ammonia Fuel Supply System (AFSS) for ships able to operate with ammonia fuel. The system is available for both liquid and gaseous fuel. The Wärtsilä AFSS is an innovative and reliable system that enables the use of ammonia as a marine fuel. In line…
Shipping is sizing up energy transition opportunities
Industry is closely evaluating ordering, fuel and technology options now that there is greater clarity on global emissions reduction targets, carbon pricing and performance measures. After a year in which decarbonisation regulations were agreed to be sharpened at both International Maritime Organisation (IMO) and European Union (EU) level, the maritime industry advanced significantly towards meeting…
Wärtsilä enables acceleration of marine’s transition to sustainable fuels with introduction of four methanol engines
Technology group Wärtsilä will introduce another four methanol engines to its portfolio, setting a new industry benchmark with the broadest methanol engine portfolio currently on the market. In addition to the Wärtsilä 32 methanol engine launched last year, Wärtsilä will add the Wärtsilä 20, Wärtsilä 31, Wärtsilä 46F and Wärtsilä 46TS to its portfolio of…
Small, autonomous, zero-emission inland vessels – new research project AUTOFLEX supports transport transition
To achieve climate neutrality for all EU countries by 2050 and, thereby, realizing the ambitious European Green Deal, gains in energy efficiency in all sectors are just as important as the increased use of renewable energies. In transportation, this means elevating the share of vehicles with drive systems powered by electricity and sustainable alternative fuels…
