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Training project for seafarers on zero-emission ships in the making

A new training project is being launched aimed at preparing seafarers for zero or near-zero emission ships as a way of addressing the imminent need for upskilling the workforce to operate advanced technological solutions and alternative fuels. The project was announced at the 2023 UN Climate Change Conference (COP 28), meeting in Dubai, United Arab Emirates, from 30 November to ...

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V.Group, Aither to provide carbon credits for shipowners

Ship management and marine services company V. Group and Aither, which provides carbon trading solutions for shipowners and other industries, have entered into strategic partnership focused on trading carbon credits for the EU Emissions Trading System (ETS) scheme. The EU Emissions Trading System requires organizations to account for their greenhouse gas emissions, helping to reduce emissions. ETS currently covers emissions in ...

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64% mull cutting maritime investments amid ESG concerns, reveals Woodrow study

Some 64% of senior finance professionals in the UK are contemplating reducing their investment in the maritime sector because of Environmental, Social, and Governance (ESG) risks, according to a recent study from sustainability and communications consultancy Woodrow. The report sheds light on key areas of ESG risk perceived by lenders and investors, including labour rights, climate change and regulatory compliance. ...

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BW LPG forges JV with Confidence Petroleum, invests in LPG onshore terminal in India

Singapore-based owner and operator of LPG vessels BW LPG Limited has signed agreements with Confidence Petroleum India Limited, including a 50/50 Joint Venture (JV) called BW Confidence Enterprise Private Limited to invest in the development of onshore LPG import infrastructure in India. This JV, based in Mumbai, will collaborate with BW LPG’s trading division and India subsidiaries BW Product Services ...

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KNCC says its LCO2-EP technology is proven and ready for commercialization

Knutsen NYK Carbon Carriers AS (KNCC), a joint venture established last year between Japanese shipping major NYK and Norway’s Knutsen Group to transport liquid CO2, revealed that its LCO2-EP technology to store and transport liquefied CO2 at ambient temperature tested and proved at the test-rig facility through the CLIMIT Program. CLIMIT is a Norway-based funding organization that supports the development ...

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EU to introduce stricter fines for illegal discharges from ships

Ships in the European Union seas should face dissuasive fines not only for oil spills but also for sewage and garbage discharge, Transport and Tourism Committee Members of the European Parliament (MEPs) said. On November 16, 2023, the Transport and Tourism Committee voted to update EU rules on preventing pollution from ships in European seas and ensuring perpetrators face fines. ...

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Northern Lights, Yara seal binding CO2 transport and storage deal

Norwegian-based ammonia player Yara International has signed a binding commercial agreement with Northern Lights, a CO2 transport and storage supplying JV created by energy majors Shell, Equinor, and TotalEnergies, which is expected to pave the way for the world’s first cross-border transportation and storage of CO2. The signing of the binding contract comes on the back of an initial deal inked in August ...

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Industry bodies pitch ‘pooled compliance’ as part of simplified global GHG fuel standard

The International Chamber of Shipping (ICS) and the International Bunker Industry Association (IBIA) have submitted a joint proposal to the shipping industry’s global regulator, the UN International Maritime Organization (IMO), for a Global GHG Fuel Standard (GFS). The proposal, set to be discussed at the next round of IMO negotiations in March 2024, sets out draft amendments to Annex VI of ...

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HGK Shipping orders eco-friendly dry cargo ship for Salzgitter Flachstahl

HGK Shipping, part of Germany’s integrated logistics group HGK, has ordered a new, low-emission dry cargo ship from the Dutch shipyard De Gerlien van Tiem. Equipped with a diesel-electric drive system, solar panels and designed to be “future fuel-ready”, the newbuilding is specially tailored to the requirements of German steel producer Salzgitter AG. Scheduled to enter service in July 2025, ...

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World’s first hydrogen-powered inland vessel passes trial run

The world’s first hydrogen-powered vessel has completed technical sea trials and obtained a provisional certificate to be put into service. The vessel named Antonie was built by Dutch shipyard Concordia Damen for compatriot inland shipping company Lenten Scheepvaart. It will be used to transport salt for Nouryon, a global chemical supplier, from its salt factory in Delfzijl in the north of ...

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