Saying that its CCS-Ready scrubbers are now “being sold at pace,” Wärtsilä is now offering carbon capture and storage (CCS) feasibility studies to shipowners and operators. Studies have already been conducted on
Summarizing the latest trends in green technology uptake and fleet renewal from the Clarksons’ Fueling Transition report and monthly data series, Steve Gordon, Clarksons Research managing director, comments that the uptake of
Alfa Laval and Japan’s National Maritime Research Institute (NMRI) have been testing onboard carbon capture and storage using an exhaust gas cleaning system. The CO2 capture testing project was designed to provide
John Fredriksen controlled Frontline Ltd. (NYSE and OSE: FRO) reports that it has entered into an agreement for the resale acquisition of six latest-generation ECO-type VLCC newbuilding contracts. The six VLCCs are
Could scrubbers do more than remove sulfur from ships’ exhaust emissions? Sigurd Jenssen, Director, Exhaust Treatment at Wärtsilä, thinks so. He sees the potential for exhaust gas abatement systems to directly tackle
Containership leasing giant Seaspan Corporation, a wholly owned subsidiary of Atlas Corp. (NYSE: ATCO), reports that it has entered into an agreement with a major shipyard for the construction of eight newbuild
Naples, Italy, headquartered Grimaldi Group has signed a $600 million agreement with South Korean shipbuilder Hyundai Mipo Dockyard covering the construction of six new RO/RO multipurpose vessels. With a length of 250
Wärtsilä’s digital predictive maintenance product, Expert Insight, originally launched in November 2019 for four-stroke engines, has now been extended to support two-stroke engines. It is available in combination with Wärtsilä’s Lifecycle Solutions
John Fredriksen controlled tanker giant Frontline Ltd. reported first quarter results that included net income of $165.3 million compared with $40.1 million in the same quarter of 2019. “Frontline achieved its strongest
New York City headquartered International Seaways, Inc. (NYSE: INSW), one of the world’s largest tanker operators, reported net income for the first quarter of $33.0 million, compared to a net income of
