• S Korea’s Hyundai Oilbank to sell oil storage...

    South Korean refiner Hyundai Oilbank will sell off a majority stake in its oil storage terminal in Ulsan, on the country’s southeast coast, to help fund its green energy projects, a company official told S&P Global Platts.


  • Environmental groups take aim at retail giants as...

    Two environmental groups have thrown down the gauntlet to 15 of the world’s most prominent companies, demanding they achieve emissions-free ocean shipping by 2030, contractually agree to ship their goods on zero-emission vessels, and reject “false solutions” like liquefied natural gas (LNG) as a sustainable way to get goods to market.


  • India’s Adani offers discount for LNG-fuelled...

    The Adani Group will offer a 50% discount on charges to liquefied natural gas (LNG)-fuelled ships at Mundra, India’s largest commercial port, according to a notice seen by Reuters, as the country seeks to cut emissions under its green ports plan.


  • Wärtsilä Reports Progress, Targeting Ammonia...

    As the efforts continue toward introducing a new generation of zero-carbon emission engines, Wärtsilä is reporting that that has made significant progress in a testing program with its fuel-flexible combustion engines. The Finnish engine manufacturer now expects to have a marine engine capable of running on an ammonia blend available this year as it proceeds toward a pure ammonia-fueled engine for the marine market and a pure hydrogen power system for the energy market.


  • First LNG-Bunkering Vessel for a French Port...

    The first liquefied natural gas bunker vessel that will be deployed in a French homeport later this year is nearing completion at a shipyard in China. Built for the collaboration between TotalEnergies Marine Fuels and Mitsui O.S.K. Lines, the vessel will be among the largest LNG bunker vessels and incorporate several refinements in the design versus the group’s first vessel that was placed into service last year.


  • Hyundai Motor signs MOU to commercialize hydrogen...

    Hyundai Motor Company signed a Memorandum of Understanding (MOU) with Hyundai Global Service, a South Korean manufacturer specializing in ship electric propulsion systems and a subsidiary of Hyundai Heavy Industries Group, and Korean Register (KR), South Korea’s only internationally recognized classification society, to develop and commercialize hydrogen fuel cell systems to propel marine vessels.


  • New Fortress to build Sri Lanka’s first LNG...

    Sri Lanka will receive its first natural gas terminal providing a source of fuel for the country’s power plants under a framework agreement signed with energy infrastructure company New Fortress Energy. The terminal which will introduce natural gas to the country for the first time also represents New Fortress’ first LNG terminal in Asia.


  • IMO has a new plan to reduce shipping’s carbon...

    Global shipping accounts for about 3% of the world’s annual carbon emissions, and pressure is intensifying on the industry to reduce that pollution to contribute to the international goal of net-zero carbon emissions by 2050.



NSB designs LNG-fueled boxship maximizing reefer capacity

Germany’s NSB Group became the latest to offer up concepts for an innovative containership design. The group, which currently manages more than 50 ships representing over three million dwt with a total capacity of over 200,000 TEU, focused its design expertise on a smaller boxship seeking to incorporate the advantages of LNG propulsion to a smaller vessel.


Japan’s MOL joins move to LNG-fueled car carriers

Japan’s Mitsui O.S.K. Lines is becoming the latest car carrier operator to announce plans to build new vessels using liquified natural gas as their fuel. The car carrier segment and specifically the Japanese shipping companies are leading in the adoption of LNG to improve the environmental performance of their vessels.


Study for commercial-scale hydrogen imports

Port of Rotterdam Authority, Koole Terminals, Chiyoda Corporation and Mitsubishi Corporation have signed an agreement to a joint study the feasibility of a commercial-scale import of hydrogen from overseas sources to one of Koole’s terminals in the port of Rotterdam utilizing Chiyoda’s proven hydrogen storage and transportation technology SPERAHydrogen™.