Tag: CO2

The Port of Rotterdam has recently formed a new partnership with VARO Energy Group, to enhance fuel and energy efficiency. VARO successfully secured the contract through the port's competitive tender process for the most environmentally friendly and viable energy carrier.

Matson Navigation Inc. and MAN Energy Solutions have signed a contract for the retrofit of the main engine aboard the ‘Daniel K. Inouye’, a container ship in the Matson fleet.

Lomar’s corporate venture lab, lomarlabs, has announced the completion of sea trials of a carbon capture system on board a Lomar vessel, with the Seabound technology capturing roughly one tonne of CO₂ per day.

TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL) and JX Nippon Oil & Gas Exploration Corporation (JX) have signed a memorandum of understanding (MoU) to develop a Carbon dioxide Capture and Storage (CCS) value chain between Japan and Australia, including marine transport of carbon dioxide (CO2).

Northern Lights JV DA and Kawasaki Kisen Kaisha, Ltd. (K LINE) signed Bare Boat Charter and Time Charter contracts for the management of the third CO2 ship.

The International Chamber of Shipping (ICS) has submitted a detailed, fit-for-purpose proposal to shipping’s global regulator, the UN International Maritime Organization (IMO), for a Zero Emission Shipping Fund (ZESF).

Chiyoda Corporation, Nippon Yusen Kabushiki Kaisha (NYK), and its affiliate Knutsen NYK Carbon Carriers AS (KNCC) have conducted a joint study to quantitatively evaluate and verify the feasibility of the CCUS (carbon capture, utilization, and storage) value chain.

The International Council on Clean Transportation (ICCT) released a new report informing that policymakers should increasing default methane slip value to at least 6% for LNG engine. The report characterizing methane emissions from ships fueled by liquefied natural gas (LNG) operating in Europe and Australia.

The Poseidon Principles for Marine Insurance, an initiative backed by the Global Maritime Forum to drive decarbonisation of international shipping through transparency, has issued its second annual disclosure report.

In December 2023, Nippon Yusen Kabushiki Kaisha (NYK), Japan Engine Corporation, IHI Power Systems Co., and Nihon Shipyard Co., Ltd. signed a series of contracts to construct the world's first ammonia-fueled medium gas carrier (AFMGC) equipped with Japan-made engines.