International Maritime Organization

Cargill Shares Outcome of the World’s First Wind-Powered Ocean Vessel’s Maiden Voyage

Retrieved on: 
Wednesday, March 13, 2024

“We could never have done this alone – BAR Technologies and MC Shipping and have been fantastic partners in making the Pyxis Ocean a reality as well as the captain and crew.

Key Points: 
  • “We could never have done this alone – BAR Technologies and MC Shipping and have been fantastic partners in making the Pyxis Ocean a reality as well as the captain and crew.
  • The ship was retrofitted with two WindWings®, which measure 37.5 meters in height and resemble large airplane wings.
  • For example, in near optimum sailing conditions, during an open sea voyage, the Pyxis Ocean achieved fuel savings of 11 tonnes per day.
  • This complexity is where Cargill truly excels, and how we can leverage our unique role in the maritime industry.

MARITIME INDUSTRY LEADERS TO EXPLORE AMMONIA AS MARINE FUEL IN THE US WEST COAST

Retrieved on: 
Friday, March 29, 2024

This Study will be conducted at the Port of Oakland, Benicia and nearby major ports in U.S. West Coast.

Key Points: 
  • This Study will be conducted at the Port of Oakland, Benicia and nearby major ports in U.S. West Coast.
  • CALAMCO is a California based cooperative composed of grower members, as well as the largest ammonia distributer in California.
  • Safety assessments are critical to formulate standards for use of ammonia as a marine fuel due to the toxicity of the substance.
  • Dan Stone, President at CALAMCO, said, "We are excited to support the exploration of ammonia bunkering in the US West Coast.

HyAxiom and Doosan Fuel Cell Are World's First to Pass Solid Oxide Fuel Cell Components Environmental Testing for Maritime Application

Retrieved on: 
Monday, March 25, 2024

EAST HARTFORD, Conn., March 25, 2024 /PRNewswire/ -- Leading global fuel cell and hydrogen solutions providers HyAxiom, Inc. (HyAxiom) and Doosan Fuel Cell Co., Ltd. (DFCC) announced today their Solid Oxide Fuel Cell (SOFC) cell stack has passed a critical environmental test by Det Norske Veritas (DNV), the classification society and a recognized advisor for the maritime industry.

Key Points: 
  • EAST HARTFORD, Conn., March 25, 2024 /PRNewswire/ -- Leading global fuel cell and hydrogen solutions providers HyAxiom, Inc. (HyAxiom) and Doosan Fuel Cell Co., Ltd. (DFCC) announced today their Solid Oxide Fuel Cell (SOFC) cell stack has passed a critical environmental test by Det Norske Veritas (DNV), the classification society and a recognized advisor for the maritime industry.
  • This is the world's first SOFC cell stack to pass such a test, which is a core component of the marine SOFC under development by HyAxiom and DFCC.
  • Electrical equipment installed on vessels must pass extreme environmental testing under actual operating conditions, including temperature, humidity, vibration, inclination and electromagnetic interference.
  • HyAxiom and DFCC are developing and manufacturing solid oxide fuel cell technology in collaboration with Ceres, a leading developer of clean energy technology.

Nokia commits to net zero greenhouse gas emissions by 2040 #MWC24

Retrieved on: 
Monday, February 26, 2024

Espoo, Finland – Nokia today announced that it has committed to reducing its total global greenhouse gas emissions (GHG) to net zero by 2040, accelerating its previous target by ten years, and putting it ahead of the Paris Agreement target of net zero by 2050.

Key Points: 
  • Espoo, Finland – Nokia today announced that it has committed to reducing its total global greenhouse gas emissions (GHG) to net zero by 2040, accelerating its previous target by ten years, and putting it ahead of the Paris Agreement target of net zero by 2050.
  • Pekka Lundmark, President and CEO of Nokia, said: “Our new emission reduction targets show that net zero is a business priority for Nokia.
  • Net zero: Net zero refers to a reduction of 90% in greenhouse gas emissions to as close to zero as possible, with a maximum of up to 10% remaining hard-to-abate emissions being neutralized through carbon removals.
  • To limit global warming to 1.5°C, greenhouse gas emissions must by halved by 2030 and reach net zero by 2050.

China's Xiamen: A successful practice of sustainable development in bay city

Retrieved on: 
Wednesday, February 28, 2024

Xiamen is rich in marine resources, but its sea area is small, which has been subjected to intense development and frequent economic activities.

Key Points: 
  • Xiamen is rich in marine resources, but its sea area is small, which has been subjected to intense development and frequent economic activities.
  • The meeting is believed as the start of the comprehensive treatment of the lake that has lasted more than 30 years so far.
  • The city has conducted training courses in Costa Rica on topics such as mariculture technology and marine spatial planning.
  • It has also joined forces with BRICS countries to establish a BRICS ocean sustainable development research center.

“2024 CAPITAL LINK GREEK SHIPPING LEADERSHIP AWARD”

Retrieved on: 
Wednesday, February 14, 2024

Capital Link Greek Shipping Leadership Award, Feb. 14, 2024 (GLOBE NEWSWIRE) -- The "2024 Capital Link Greek Shipping Leadership Award" was presented to TEN LTD. -TSAKOS ENERGY NAVIGATION LTD., (NYSE: TNP) for reaching the milestone of 30 successful years as a public company, and to Dr. Nikolas P. Tsakos, Founder & CEO - TEN Ltd. (NYSE: TNP); Chairman INTERTANKO (2014-2018), for his outstanding contribution to Greek & global shipping.

Key Points: 
  • Capital Link Greek Shipping Leadership Award, Feb. 14, 2024 (GLOBE NEWSWIRE) -- The "2024 Capital Link Greek Shipping Leadership Award" was presented to TEN LTD. -TSAKOS ENERGY NAVIGATION LTD., (NYSE: TNP) for reaching the milestone of 30 successful years as a public company, and to Dr. Nikolas P. Tsakos, Founder & CEO - TEN Ltd. (NYSE: TNP); Chairman INTERTANKO (2014-2018), for his outstanding contribution to Greek & global shipping.
  • The Award Ceremony took place on Thursday, February 8, 2024, at the luncheon held in the context of the 14th Annual Capital Link Greek Shipping Forum.
  • With attendance exceeding 1,000, of which 750 attended the luncheon, the event featured the institutional and industry leadership of global and Greek shipping, and it has thus been rightly labeled as an unofficial Summit of Global Shipping.
  • The “Capital Link Greek Shipping Leadership Award” is presented annually to a leading maritime figure of the Greek Shipping Community who has gained the respect and the appreciation of the international shipping industry and who is also recognized for their outstanding contribution to elevating Greek Shipping to its leadership position globally.

Diana Shipping Inc. Announces the Signing of Shipbuilding Contracts for Two 81,200 Dwt Methanol Dual Fuel New-Building Kamsarmax Dry Bulk Vessels

Retrieved on: 
Wednesday, February 14, 2024

ATHENS, Greece, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that it has signed shipbuilding contracts for two 81,200 dwt methanol dual fuel new-building Kamsarmax dry bulk vessels, for a purchase price of US$46 million each.

Key Points: 
  • ATHENS, Greece, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that it has signed shipbuilding contracts for two 81,200 dwt methanol dual fuel new-building Kamsarmax dry bulk vessels, for a purchase price of US$46 million each.
  • The vessels are expected to be delivered to the Company by the second half of 2027 and the first half of 2028, respectively.
  • When powered by green methanol, the vessels are designed to produce near-zero GHG emissions based on the well-to-wake (WTW) fuel life cycle assessment (LCA) methodology.
  • A table describing the current Diana Shipping Inc. fleet can be found on the Company’s website, www.dianashippinginc.com .

Carnival Corporation Announces Ambitious 2024 Greenhouse Gas Intensity Reduction Projections

Retrieved on: 
Tuesday, February 6, 2024

MIAMI, Feb. 6, 2024 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world's largest cruise company, today announced it is on pace to achieve an overall 18% reduction in greenhouse gas (GHG) emission intensity on a lower berth capacity basis in 2024 (compared to 2019) – just a few points shy of its 20% reduction goal originally targeted for 2030. By year end, the company expects to have reduced its GHG emission intensity by an impressive 42% on a lower berth capacity basis since its first benchmark in 2008. The company also expects this performance to put it ahead of the International Maritime Organization's (IMO) 2030 carbon intensity reduction timeline.

Key Points: 
  • MIAMI, Feb. 6, 2024 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world's largest cruise company, today announced it is on pace to achieve an overall 18% reduction in greenhouse gas (GHG) emission intensity on a lower berth capacity basis in 2024 (compared to 2019) – just a few points shy of its 20% reduction goal originally targeted for 2030.
  • The company also expects this performance to put it ahead of the International Maritime Organization's (IMO) 2030 carbon intensity reduction timeline.
  • Carnival Corporation is executing on two parallel paths to achieve these significant reductions.
  • Since cruise ships generate their electricity from fuel, Carnival Corporation set out to uncover every area where energy can be saved and cut the amount of fuel used.

Safe Bulkers, Inc. Announces Agreement for the Acquisition of One Japanese Kamsarmax Class Dry-bulk Vessel

Retrieved on: 
Wednesday, January 10, 2024

MONACO, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has entered into an agreement for the acquisition of a Japanese, 82,000 dwt, dry-bulk, Kamsarmax class vessel with a scheduled delivery date within the third quarter of 2026.

Key Points: 
  • MONACO, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has entered into an agreement for the acquisition of a Japanese, 82,000 dwt, dry-bulk, Kamsarmax class vessel with a scheduled delivery date within the third quarter of 2026.
  • This newbuild vessel is a sister vessel to a number of newbuilds in our orderbook with advanced energy efficiency characteristics resulting to lower fuel consumption.
  • The Company has already taken delivery of seven IMO GHG Phase 3 – NOx Tier III vessels.
  • Including this agreement, the Company has an outstanding orderbook of nine Phase 3 newbuild vessels, two of which are methanol dual fuel, with scheduled deliveries three in 2024, two in 2025, three in 2026, and one in 2027.

Korea Maritime & Ocean University Researchers Develop a New Method for Path-Following Performance of Autonomous Ships

Retrieved on: 
Thursday, January 4, 2024

BUSAN, South Korea, Jan. 4, 2024 /PRNewswire/ -- The rising popularity of autonomous vehicles has spurred significant research interest in the maritime industry, particularly for the development of maritime autonomous surface ships (MASS). An essential requirement of MASS is the ability to follow a pre-determined path at sea, considering factors such as obstacles, water depth, and ship maneuverability. Any deviation from this path, say, due to adverse weather conditions, poses serious risks like collision, contact, or grounding incidents. It is thus desirable for autonomous ships to have a mechanism in place for effectively resisting deviations.

Key Points: 
  • BUSAN, South Korea, Jan. 4, 2024 /PRNewswire/ -- The rising popularity of autonomous vehicles has spurred significant research interest in the maritime industry, particularly for the development of maritime autonomous surface ships (MASS).
  • Any deviation from this path, say, due to adverse weather conditions, poses serious risks like collision, contact, or grounding incidents.
  • It is thus desirable for autonomous ships to have a mechanism in place for effectively resisting deviations.
  • Current methods for assessing the path-following performance of autonomous ships, however, rely on simplified mathematical ship models.