LNG Container Ships Gain Traction Over Methanol: Beneficial to Korean Shipbuilders?

As of the first half of this year, the shipbuilding industry has seen a significant shift in the types of container ships being ordered, with a marked preference for LNG dual-fuel container ships over methanol dual-fuel container ships. According to Clarkson Research, a shipbuilding and marine...


New Study Shows Real World Complexities And Shortcomings Of The IMO’s Carbon Intensity Indicator (CII) Formula

In a collaboration with four master’s students from the Antwerp Management School (AMS), the Royal Belgian Shipowners’ Association (KBRV) released a study that investigates issues with the CII formula. As part of their thesis project, the research conducted by the students included a comprehensive...


ABS and KRISO to Advance SMR-Powered Vessels and Floating Power Generation Platforms

ABS and the Korea Research Institute of Ships and Ocean Engineering (KRISO) are working together to advance commercial small modular reactor (SMR)-powered ships and floating SMR power generation platforms. ABS will provide analysis of applicable regulatory guidelines and international standards for...


MOL to Invest in Carnot, a Tech Startup Developing Ways to Dramatically Increase Engine Fuel Efficiency, Slash GHG Emissions

Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced its intent to invest in Carnot Ltd. (President: Francis Lempp, based in the U.K., Note 1), a startup company that develops technology for highly efficient engines using heat-resistant materials. This project has...


The Global Centre for Maritime Decarbonisation concludes its final biofuel blend supply chain trial with Hapag-Lloyd

The Global Centre for Maritime Decarbonisation (GCMD) has successfully completed its final supply chain trial for biofuel blended with very low sulphur fuel oil (VLSFO). This marks the end of a series of trials initiated in July 2022 as part of a larger pilot to develop a framework to provide...


Dual Fuel fleet additions continue to rise: Increase of c.72% year-on-year comparing 2018 vs 2023

Owners are shifting to dual fuel systems in order to achieve net-zero emissions and comply with current environmental standards in the maritime sector and utilising the Fleet Database feature of the VesselsValue platform, we examine the annual deliveries of Dual Fuel vessels since 2018, broken down...


BOURBON and Opsealog partner to reduce fleet emissions through data-driven fleet optimization

Enhanced fleet monitoring and data-driven optimisation will be deployed across BOURBON’s global Marine & Logistics fleet of 104 vessels to boost efficiency and reduce greenhouse gas (GHG) emissions, under a new strategic partnership with marine digitalisation expert, Opsealog. The multi-year...


STAX Engineering Secures $40M to Bring the 3 Largest Shipping Vessel Classes into California Air Resources Board Compliance

STAX Engineering, a pioneer in maritime emissions capture and control, closed a $40M funding round led by Upper90, a leading provider of hybrid growth capital. Upper90 has provided flexible capital to finance the build out of STAX’s fleet of mobile emissions capture and control barges; the...


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