With growing interest in ammonia as a carbon-free future marine fuel, NYK Line, shipbuilder Japan Marine United Corporation, and ClassNK have signed a joint R&D agreement on the commercialization of an ammonia
In what is claimed as a first for a Norwegian shipowner, Klaveness Combination Carriers ASA (KCC) has secured a $60 million sustainability linked term loan and revolving credit facility for the financing
Backed by a start-up donation worth more than $60 million from the A.P. Møller Foundation, a group of leading industry players is taking the next step towards lowering shipping emissions by launching
Following acceptance of the design by the Isle of Man Ship Registry, BW LPG is to go ahead with its plan to convert the engines of 12 of its Very Large Gas
With economies under stress from COVID-19, carbon emissions this year will be down for the first time since 2008. Tuomas Riski, Norsepower CEO, believes this gives shipping an opportunity to pivot on
The newly-published ABS Guide to Wind-Assisted Propulsion System Installation provides class safety standards for the installation of wind-assisted systems. It is applicable to two leading wind-assisted propulsion technologies: Flettner rotors and wing
Japan’s role and potential as a driver of digitalization in shipping is the focus of a new report sponsored by Inmarsat. The study, “A quiet revolution – the maritime innovation ecosystem in
ABS has published its latest trends and projections on carbon-reduction strategies for shipping as the industry looks to meet decarbonization ambitions. It suggests that though shipowners may meet IMO’s CO2 reduction targets
The U.K.’s Department for Transport is funding a project that will evaluate the potential for using carbon capture to reduce CO2 emissions from shipping. The funding has been awarded Chester, U.K., based
Responding to the challenges of energy transition and digitalization, DNV GL has launched a venture fund called DNV GL Ventures. It aims to build a portfolio of between 15-20 startups in the
