Finnish technology developer and supplier Valmet has tested a scrubber and wet electrostatic precipitator combination that has proven to cut exhaust gas emissions from marine diesel engines by up to 99 per cent. The pilot testing and configuration project was carried out together with VTT Technical Research Centre of Finland (VTT). International Maritime Organization (IMO)...
ClassNK will calculate the CO2 emissions from the ships to be financed under the Sustainability-Linked Loan provided by ORIX Corporation (ORIX). The ship finance agreement signed between ORIX and a shipowner in Hong Kong is a sustainability-linked loan. A standard value is set for the annual CO2 emissions of the vessels to be financed, and...
Shipping company Grimaldi Group and technology firm Wärtsilä have unveiled a new system that uses exhaust gas scrubber washwater to tackle the amount of microplastics in the world’s oceans. According to the association Plastic Europe, 368 million tonnes of plastic were produced in 2019 worldwide, and around 3 per cent, or 11.4 million tonnes, of...
BunkerMetric has launched a new tool that uses machine learning and evidence-based analysis to track bunker barges and provide shipping companies with trustworthy data on the bunkering supply chain. The tool, BargeTracker, uses AIS and a range of other relevant data sources to derive a full trajectory of any bunker barge movements and their interactions...
FuelTrust has announced the launch of Carbon Baseline, an artificially intelligent (AI) enabled solution that delivers a detailed and verified baseline assessment of historical vessel and fleet emissions. As shipping progresses towards the IMO’s 2050 carbon reduction target, progress of individual vessels towards this goal will be assessed based on historical baselines going back to...
At the UK Chamber of Shipping’s annual dinner last week, Chamber president John Denholm CBE called on the International Maritime Organization (IMO) to take more decisive action to cut emissions from the international shipping industry. Delivering his address in front of 700 guests, including the IMO Secretary-General Kitack Lim, John Denholm said: “I acknowledge the...
A new evidence-based study outlines the need for large-scale deployment of new technologies and the use of low-carbon fuels to help the sector reduce greenhouse gas emissions by at least 50 per cent by 2050 compared with 2008 levels to achieve the International Maritime Organization’s (IMO) target. The study, produced for OGCI and Concawe by...
Eastern Pacific Shipping (EPS) has announced the next nine start-ups to join its Eastern Pacific Accelerator, a mentorship-based programme that was launched in 2019 in partnership with Techstars. The programme helps maritime start-ups to develop their technologies and solutions by providing funding and mentorship. To date, the programme has invested in 18 maritime start-ups. EPS...
Data provider VesselsValue (VV) has added an energy efficiency rating function to its data offering, helping clients to access, customise and compare vessels’ energy efficiency ratings. This latest feature combines VV’s extensive shipping data with the IMO’s framework to calculate the energy efficiency score for an individual vessel, whether existing, energy efficiency existing ship index...
Future Proof Shipping (FPS) has joined the European innovation project, FLAGSHIPS, to bring the shipping company’s second zero-emissions inland container vessel, the FPS Waal, to Europe’s waterways. FPS will strengthen the FLAGSHIPS consortium and expand its green hydrogen-fuelled fleet with the addition of the FPS Waal to the project. Collaborative operations are set to commence...
The Isle of Man Ship Registry (IOMSR) is expected to become the first flag state in the world to incentivise shipowners by offering a 15 per cent reduction on annual registration fees for ships deploying green technology. The reduced fee is available to operators of cargo ships, commercial yachts or passenger ships which are investing...
The Korean Register (KR) has developed new ‘Guidance for Underwater Radiated Noise’ to help protect marine ecosystems by reducing noise from ships. Underwater radiated noise is becoming a more serious issue as the size and speed of ships increases to handle high volumes of seaborne trade. The noise from ships’ engines can cause significant disruption...