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Wartsila sees role for ethanol in fragmented bunker fuel landscape

Wartsila is seeing a potential role for ethanol in the shipping industry’s multi-fuel future, with shipowners struggling to find suitable future fuels to reduce greenhouse gas emissions from their operations, according to a company official. Mikael Wideskog, Wartsila’s director for sustainable fuels and decarbonization, said the marine technology firm is in talks with shipping companies …

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Trans-Atlantic container rates still double pre-COVID levels

Container shipping rates are not back to normal quite yet. Trans-Pacific rates have returned to pre-COVID levels, but pricing in trans-Atlantic markets has not. Spot container rates from Europe to the U.S. — while falling — are still more than twice pre-pandemic rates. U.S. imports from Europe remain strong, with building materials supporting volumes. Drewry …

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Norton Rose Fulbright advises on sustainability and gender diversity linked loan

Global law firm Norton Rose Fulbright has advised ABN AMRO, as documentation agent and sustainability coordinator for a syndicate of lenders, on a $200m sustainability and gender diversity linked loan to Navigator Gas L.L.C. (Navigator) for the re-financing of ten LNG carriers. The deal, which completed on 28 March, incorporates KPIs linked to both the …

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Klaveness eyes 1st zero-emission vessel within 2030

Klaveness Combination Carriers ASA (KCC), part of Norwegian shipping company Torvald Klaveness, plans to introduce its first zero-emission vessel within 2030. Image Courtesy: Klaveness The move is part of the company’s updated environmental strategy which is targeting a 45% reduction in energy efficiency operational indicator (EEOI) by 2030 when compared to 2018 and net-zero emissions by …

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Canadian project ditches LNG for hydrogen production

While several Canadian LNG projects are progressing with environmental permits and construction milestones, a Nova Scotia-registered company has decided to stop advancing an LNG project on the Strait of Canso and proposed constructing and operating a green hydrogen and ammonia facility instead.

Aker Solutions ramps up green steel game with First Movers Coalition pledge

Norwegian oilfield services provider Aker Solutions has joined the First Movers Coalition (FMC), thereby committing to buying at least 10 per cent of its steel from low-emissions sources by 2030. Source: Aker Solutions By joining the decarbonizing coalition, Aker Solutions has committed to a frame agreement for steel purchases, including some green steel destined to …

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Lomar launches new tech venture to tackle “maritime challenges”

UK-based shipowner Lomar Shipping, part of LIbra Group, has launched a venture to collaborate with deep-tech startups and tackle “maritime challenges”. Lomar Shipping As informed, the new venture Lomarlabs will catalyse the deployment of deep technological solutions, with a view to solving the shipping industry’s biggest challenges. It will join forces with other entrepreneurs to support …

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Ganancias de navieras baten récord histórico: superan la totalidad de la historia del …

La política que en el presente documento se indica, tiene por objeto informar a los usuarios de MundoMaritimo sobre el proceder de nuestra empresa respecto del tratamiento de los datos de carácter personal recogidos a través de nuestros portales. 1 | Recolección: Cuando Usted requiere los servicios de MundoMaritimo, se recoge información personal como su …

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