All pathways lead to sustainable shipping

??Ahoy, LinkedIn Community! In this edition of Green Marine Gazette, we reflect on exciting developments related to new shipbuilding orders, alternative fuels, wind-assisted ship propulsion and green corridors.

In April 2024, numerous projects were launched on multiple fronts within the maritime industry. These projects have a major common denominator -- they aim to make shipping more sustainable.

??The emergence of green corridors:

During the month, several green corridor initiatives were announced as industry players are teaming with each other to explore different ways towards sustainability. In April, the majority of green corridor projects included Singapore which hosted an annual gathering of the international maritime community - the Singapore Maritime Week 2024 (2024).

• Singapore-based X-Press Feeders signed an MOU with six European ports to accelerate the establishment of green shipping corridors and decarbonize the marine sector in Scandinavia and the Baltic Sea. Read more

• Singapore and Australia partnered on a $20 million initiative to help reduce emissions in the maritime sector, supporting the outcomes of the green and digital shipping corridor between the two countries. Read more
• Germany's Hapag-Lloyd joined the Singapore-Rotterdam green and digital shipping corridor initiative. Read more
• An envisaged green and digital shipping corridor between Singapore, Los Angeles and Long Beach ports has vast decarbonization potential, a new study found. Read more
• Industry leaders from North America, Asia and Europe formed the North Pacific Green Corridor Consortium (NPGCC) whose members and partners will work together to decarbonize the value chain for commodities between North America and Asia. Read more

??New, greener ships on the horizon:

While some shipowners are still exploring emerging fuel choices, some of them play a pioneering role by ordering future-proof ships.

• Malaysia’s shipowner MISC ordered and chartered out, via its petroleum arm AET, ‘the world’s first’ two ammonia dual-fuel Aframaxes. Read more

• Denmark-based shipping company MH Simonsen placed an order for eight hybrid-electric methanol dual-fuel chemical tankers at China’s Jiangxi New Jiangzhou Shipbuilding.
• Chinese shipbuilder Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE) received an order for two plus two 40,000 cbm liquefied petroleum gas (LPG)/ammonia carriers. Read more
• Norwegian shipyard Myklebust Verft was selected to build two hydrogen-powered ferries ordered by compatriot transport company Torghatten Nord. Once delivered, the newbuilds will be ‘the world’s largest’ hydrogen-powered ships. Read more
• China's Shanghai Shipbuilding Research and Design Institute (SDARI) and German shipping company Toepfer Transport unveiled new methanol-capable multipurpose vessel (MPP) designs. Read more
• Danish shipping giant A.P. Moller Maersk held a naming ceremony for the world’s second large methanol-enabled container vessel in Yokohama, Japan. Read more

France invests in maritime decarbonization:

• The French government and maritime stakeholders recently signed a ‘groundbreaking’ pact for wind-assisted ship propulsion. By signing the pact, the French government confirmed its support for those involved in wind-assisted ship propulsion and is committed to reducing the environmental footprint of the maritime sector. The ultimate objective is to capture 30% of the global market share with French wind propulsion technology.
• French sailing freight transport company TransOceanic Wind Transport (TOWT) ordered six additional vessels from compatriot shipbuilder Piriou. Read more

• French shipbuilder Chantiers de l’Atlantique cut the first steel for OE Corinthian, the first wind-powered cruise ship in the Orient Express Silenseas fleet. Read more
• France-based shipping major CMA CGM and public sector investment bank Bpifrance launched a €200 million fund dedicated to accelerating the energy transition in the French maritime industry. Read more

All eyes on ammonia, hydrogen:

• Several Japanese companies and a German engine manufacturer signed an MOU to work together to commercialize ammonia-fueled bulk carriers. Read more
• Amogy entered a partnership with Hanwha Ocean and Hanwha Aerospace to accelerate the decarbonization of the maritime industry through the deployment of Amogy’s zero-emission ammonia-to-power technology for ammonia-powered vessels. Read more
• ACME and Hydrogenious LOHC Technologies will explore the joint development of large-scale hydrogen value chains from Oman to Europe. Read more
• Provaris Energy and Norwegian Hydrogen entered a new collaboration agreement to jointly progress the identification and development of several sites in the Nordic region for the large-scale production and export of hydrogen to European markets. Read more

We hope you find this selection of articles informative and inspiring as the maritime industry continues to progress toward a greener ?? future. ??

Stay tuned for more insights as we cover the latest trends and advancements shaping the maritime landscape. You are also welcome to read more news on our platform .

#decarbonization #shipsandshipping #maritime #shipbuilding #alternativefuels #ammonia #hydrogen #biofuel #windpropulsion #greencorridors #energytransition