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19 2024-02 Malaysian port commences $3 billion facility construction Kuala Linggi International Port (KLIP) in Malaysia has announced the commencement of construction for its new port facility.The groundbreaking ceremony, held on 8 February, was performed by YAB Datuk Seri Utama Ab. Rauf Bin Yusoh, Malacca’s Chief Minister, and attended by dignitaries, government...
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17 2024-02 MOL, 123Carbon partner to tokenise GHG emission reductions Mitsui O.S.K. Lines, Ltd. (MOL) has announced that it has completed an insetting trial with 123Carbon B.V. that involves tokenising the GHG emission reductions from the Net Zero Voyage.This enables MOL to distribute GHG emission reductions from the use of bio-methanol as a fuel to clients who are...
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08 2024-02 Samsung Heavy Industries receives $3 billion order for LNG carriers Samsung Heavy Industries (SHI) has signed a KRW4.57 trillion ($3.4 billion) contract with a Middle Eastern shipowner to provide 15 LNG carriers with a length of 170,4000 cubic metres (m3) by October 2028.The contract amount reportedly surpasses the company’s previous record for the largest singl...
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06 2024-02 €100 million green hydrogen refuelling station coming to Italy NatPower H, a company of the NatPower group, has announced a €100 million ($108 million) green hydrogen refuelling infrastructure for recreational boating in Italy, the first of its kind in the nation.This venture envisions the establishment of at least 100 hydrogen refuelling stations over the ...
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04 2024-02 ICS proposes Zero Emission Shipping Fund to reach IMO 2050 target The International Chamber of Shipping (ICS) has submitted a detailed proposal to the International Maritime Organization (IMO) for a Zero Emission Shipping Fund (ZESF).In acknowledgment of the importance of moving forward with feasible solutions to fulfil net zero objectives, shipowners globally ...
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02 2024-02 Lloyd’s Register, Green Marine explore methanol development Lloyd’s Register (LR) and Green Marine have joined forces to offer solutions to maritime stakeholders looking to construct, retrofit, and operate vessels using methanol-as-fuel technology, with a primary emphasis on training.According to LR, methanol’s use introduces challenges for seafarers in...
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