Carbon emission reductions

‘Green Shipping’ The Key To Create Sustainable Future!

  • The theme for this year’s world maritime day was newer technologies for green shipping to support green transition and sustainable future.
  • The IMO has also started supporting a greener transition of the maritime industry and the innovation and deployment of new technologies.
  • The Secretary General of IMO also stated that Green shipping will also help the global maritime environment.

Over 50 years ago, world leaders, environmentalists, and public intellectuals met in Stockholm to discuss how to...

https://mfame.guru/green-shipping-the-key-to-create-sustainable-future/

Mitsubishi Launches Second MOL LNG-Fueled Ferry

Mitsubishi Shipbuilding Co., Ltd., a Mitsubishi Heavy Industries (MHI) Group company based in Yokohama, held a christening and launch ceremony for the SUNFLOWER MURASAKI, the second of two large LNG-fueled ferries being built for Mitsui O.S.K. Lines, Ltd. (MOL), reports MarketScreener.

The ceremony took place at the Enoura Plant at MHI’s Shimonoseki Shipyard & Machinery Works in Yamaguchi Prefecture. This followed a christening and launch ceremony in March 2022 for Japan’s first LNG-fueled...

https://mfame.guru/mitsubishi-launches-second-mol-lng-fueled-ferry/

KPI Oceanconnect Exhibits “Clear Hunger” for More Acquisitions

  • China’s bunker fuel market becoming more competitive
  • Liquidity pressure to spur industry consolidation globally
  • IMO 2020 transition paves way to expedite shipping’s decarbonization goals

Marine fuel sales worldwide in 2021 will likely grow by 3%-5% compared to 2019 as demand returns despite the challenges posed by the global coronavirus pandemic, with KPI OceanConnect poised to seek expansion opportunities worldwide, according to Soren Holl, CEO of KPI OceanConnect, reports Platts.

Competitive...

https://mfame.guru/kpi-oceanconnect-exhibits-clear-hunger-for-more-acquisitions/

KIZAD To Build $1b Green Ammonia Plant To Curb Emissions

  • Facility to produce 200,000 mt of green ammonia
  • To be powered by 800 MW solar power plant
  • UAE investing in green and blue ammonia projects

Khalifa Industrial Zone Abu Dhabi (KIZAD), a subsidiary of Abu Dhabi Ports, plans to build a $1 billion green ammonia production facility, financed by Helios Industry, reports Platts.

Green ammonia production

UAE’s privately-owned special project vehicle company Helios Industry plans to invest over AED3.67 billion ($1 billion) in the construction of the...

https://mfame.guru/kizad-to-build-1b-green-ammonia-plant-to-curb-emissions/

Klaveness Undertakes Delivery of Final CLEANBU Newbuild

  • Klaveness Combination Carriers ASA has taken delivery of the MV Balzani from New Yangzi Shipyard in China.
  • The MV Balzani is the eighth and final contracted CLEANBU combination carrier to be delivered to KCC.
  • This marks the completion of the CLEANBU newbuilding program. The vessel is scheduled to load her first cargo of clean petroleum products in early July.

On May 25, Norway-based shipowner Klaveness Combination Carriers ASA (KCC) took delivery of the MV Balzani from Chinese New Yangzi...

https://mfame.guru/klaveness-undertakes-delivery-of-final-cleanbu-newbuild/

MAN Study Explores Shipping Scenarios for A ‘Greener Future’

  • The use of fossil fuels in the shipping industry will need to be banned in the latter half of the decade if the industry is to meet its decarbonization efforts.
  • The study, carried out in partnership with the Fraunhofer Institute for Systems and Innovation Research (ISI), outlines 4 scenarios that explore how to reach the maritime industry’s climate targets by 2050.

According to the results of the #AHOY2050 future study – drafted by MAN Energy Solutions and the Fraunhofer Institute for Systems...

https://mfame.guru/man-study-explores-shipping-scenarios-for-a-greener-future/

Singapore Port Authority Launches $90m Decarbonisation Fund

  • MPA has signed a memorandum of cooperation (MoC) with industry heavyweights to establish a fund for a maritime decarbonization center in Singapore.
  • The deal was signed with BW Group, Sembcorp Marine, Eastern Pacific Shipping, Ocean Network Express, Foundation Det Norske Veritas, and BHP.

The Maritime and Port Authority of Singapore (MPA) has announced two initiatives to reduce the shipping industry’s greenhouse gas emissions, including a S$120 million ($90 million) fund for a decarbonisation...

https://mfame.guru/singapore-port-authority-launches-90m-decarbonisation-fund/