Order follows 2023’s Memorandum of Understanding between the two parties to develop a high-speed vessel able to operate on several fuel types, including hydrogen

Initiative aligns with the ‘K-Shipbuilding Super Gap Vision 2040’, which aims to solidify the country’s position as a global leader in the sector

Laws of thermodynamics seem to speak heavily in favour of e-methanol. It also has less complicated transport, storage and usage features. But LNG is right here, right now

Elogrid is in operation on three large Scandinavian ro-pax ferries and will be rolled out to other vessel types, including large containerships

Yara said it hoped to cut costs and focus on profitability amid a $290m net loss in the fourth quarter of 2024

Cargill decarbonisation specialist Chris Hughes said modest efficiency gains from wind-assisted propulsion can be had today, but the high capex and long payback periods mean the tipping point for bigger investment has yet to be reached

Move will help develop Singapore’s technology ecosystem. Singapore startups will be able to tap MOL Plus’ networks in Japan to access investors and business opportunities

Alfa Laval has bought UK-based NRG Marine, which makes ultrasonic anti-fouling systems for boats, as its marine division continues to grow

MSC unveils ‘most advanced’ remote monitoring system for refrigerated cargoes, as it finally joins the list of carriers to offer the smart reefer technology

The latest partnership follows on from Hanwha Power Systems and Hanwha Ocean obtaining approval in principle in September 2023 from the American Bureau of Shipping to apply ammonia gas turbines to liquefied natural gas carriers

The country also plans to launch the world’s first green shipping corridor across the Pacific for carbon-free ships in 2027

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