IMO

Mitsubishi Shipbuilding Acquires Approval in Principle (AiP) from Classification Society ClassNK for Ammonia Fuel Supply System (AFSS)

Retrieved on: 
Thursday, April 11, 2024
Ship, Mitsubishi Heavy Industries, MOU, MHI, Safety, Nippon Kaiji Kyokai, Conference, Tokyo Big Sight, AGAS, International Maritime Organization, Engineering, Classification, AIP, Ammonia, GHG, AFSS

The AiP presentation ceremony took place today at "Sea Japan 2024" International Maritime Exhibition and Conference at Tokyo Big Sight.

Key Points: 
  • The AiP presentation ceremony took place today at "Sea Japan 2024" International Maritime Exhibition and Conference at Tokyo Big Sight.
  • The AiP was acquired together with approval of a new ammonia gas abatement system (AGAS), and now technical studies will go forward with WinGD toward commercialization.
  • Going forward, Mitsubishi Shipbuilding will continue to develop marine ammonia handling systems, including fuel supply systems for ammonia combustion systems for the X-DF-A and other engines, as well as various ammonia gas abatement system systems.
  • (2) For more information on the MOU signed by Mitsubishi Shipbuilding and WinGD, see the following press release.

Mitsubishi Shipbuilding Receives Order for Ammonia Fuel Supply System for Ammonia-Powered Marine Engine

Retrieved on: 
Wednesday, April 10, 2024
Mitsubishi Heavy Industries, MHI, AGAS, History, International Maritime Organization, Ammonia, GHG, AFSS, Industrial gas

-- Delivery Scheduled in 2025, Together with Ammonia Gas Abatement System --

Key Points: 
  • -- Delivery Scheduled in 2025, Together with Ammonia Gas Abatement System --
    - Adoption aims to promote use of ammonia fuel, toward achieving net zero GHG emissions by the global maritime industry by or around 2050
    TOKYO, Apr 10, 2024 - (JCN Newswire) - Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has received an order from Japan Engine Corporation (J-ENG) for an ammonia fuel supply system (AFSS) and ammonia gas abatement system (AGAS).
  • The AFSS will supply ammonia fuel to ammonia-powered marine engines developed by J-ENG, and the AGAS will safely treat any surplus ammonia.
  • The newly ordered AFSS and AGAS are remotely controlled automatically by an integrated control system.
  • Because ammonia emits no CO2 when combusted, adoption of ammonia fuel is expected to contribute to the development of decarbonized infrastructure in the maritime industry.

Three Major Risks for Pursuing Middle Market Consolidation Strategies in the Current Deal Environment

Retrieved on: 
Monday, May 6, 2024
Well, Confusion, Bias, Cross, Adjacent, Workload, Acquisition, Organization, Portage Point, Michigan, Risk, Sales

CHICAGO, May 6, 2024 /PRNewswire/ -- Private Equity (PE) firms understand the value of a well-engineered consolidation or roll-up strategy to generate synergies and rapidly drive higher investment returns. However, increasing competition for deals and relatively high interest rates are disrupting the current acquisition environment, raising the value creation threshold for consolidation strategies. In response, middle market PE firms, in particular, are becoming more creative and pursuing more consolidations between adjacent1 businesses, often creating much greater execution risk.

Key Points: 
  • However, increasing competition for deals and relatively high interest rates are disrupting the current acquisition environment, raising the value creation threshold for consolidation strategies.
  • In response, middle market PE firms, in particular, are becoming more creative and pursuing more consolidations between adjacent1 businesses, often creating much greater execution risk.
  • At Portage Point, we partner with clients to develop and implement successful middle market consolidation roadmaps.
  • To learn more about how Portage Point can provide critical support to middle market investors, owners and operators, please visit www.portagepointpartners.com .

China Hosts Mendeleev Chemistry Olympiad for the First Time at New University in Shenzhen

Retrieved on: 
Thursday, April 25, 2024
Education, Multilateralism, Physics, Olympiad, Life, Mathematics, Science, Chemistry, Astronomy, Growth

Shenzhen, China--(Newsfile Corp. - April 25, 2024) - The International Mendeleev Chemistry Olympiad (IMO) is celebrating its 58th edition, that is taking place from April 21st to the 26th in Shenzhen, China.

Key Points: 
  • Shenzhen, China--(Newsfile Corp. - April 25, 2024) - The International Mendeleev Chemistry Olympiad (IMO) is celebrating its 58th edition, that is taking place from April 21st to the 26th in Shenzhen, China.
  • This year marks a significant milestone as the IMO makes its debut in Shenzhen, China, attracting a record-breaking cohort of 198 schoolchildren from 26 countries.
  • Organized with the aim of nurturing young talent in chemistry, the Olympiad serves as a platform for gifted and innovative students to demonstrate their passion and expertise in the field.
  • By bringing together bright young minds from diverse backgrounds, the IMO continues to inspire innovation and foster international cooperation.

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

Retrieved on: 
Friday, April 26, 2024
Energy efficiency, International Maritime Organization, Methanol, Acquisition, Transport, NOx, GHG, Fuel oil

MONACO, April 26, 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 fourth quarter of 2026.

Key Points: 
  • MONACO, April 26, 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 fourth 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 nine IMO GHG Phase 3 – NOx Tier III vessels.
  • Including this agreement, the Company has an outstanding orderbook of eight newbuild vessels, two of which are methanol dual fuel, with scheduled deliveries one in 2024, two in 2025, four in 2026, and one in 2027.

Banle Energy International Limited Supports Yang Ming’s inaugural B24 Biofuel Bunkering Services in Yantian, Shenzhen

Retrieved on: 
Monday, April 15, 2024
Yang, Biofuel, International Maritime Organization, Greenhouse gas, GHG

By providing Yang Ming with our B24 biofuel bunkering services, this transaction supports the first B24 biofuel supply in Shenzhen and Yang Ming’s inaugural B24 biofuel bunkering supply in China.

Key Points: 
  • By providing Yang Ming with our B24 biofuel bunkering services, this transaction supports the first B24 biofuel supply in Shenzhen and Yang Ming’s inaugural B24 biofuel bunkering supply in China.
  • The B24 biofuel blend, as indicated by a study, is projected to reduce approximately 20% of Greenhouse Gas (GHG) emissions when compared with conventional fuel oil.
  • Teck Lim Chia, our Chairman and Chief Executive Officer, expressed his determination to bring positive impacts to the shipping industry, stating: “We are pleased to be part of Yang Ming’s first B24 biofuel bunkering supply in China.
  • This service aligns with our initial initiative of introducing B24 biofuel bunkering in Hong Kong and exporting B24 biofuel to China.

Carnival Corporation Announces Significant Sustainability Achievements

Retrieved on: 
Wednesday, April 10, 2024
Shorepower, Task force, Carnival Corporation & plc, Ship, Biodiversity, TCFD, Natural gas, Health, Tourism, CCL, GRI, Water, Carbon, International Maritime Organization, Food, LNG, Plastic, GHG, Sustainability accounting, ALS, Annual report, Renewable energy

MIAMI, April 10, 2024 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world's largest cruise company, today released its 14th annual sustainability report detailing meaningful progress in its six sustainability focus areas, including toward its highest-priority goals supporting climate action to reduce greenhouse gas (GHG) emissions and promoting a circular economy model to reduce waste. The company achieved several 2030 environmental goals well in advance and is tracking ahead of schedule on a number of other key targets, including GHG intensity reductions. Details are outlined in the full report, titled "Sustainable from Ship to Shore," and available on the company's website at www.CarnivalSustainability.com.

Key Points: 
  • "Thanks to our 160,000 remarkable team members who show up every day with passion and dedication, 2023 was a year of significant accomplishments across the board," said Josh Weinstein, CEO and chief climate officer for Carnival Corporation.
  • As outlined in the 2023 Sustainability Report, Carnival Corporation has reached several key 2030 environmental performance targets years ahead of time in its climate action and circular economy focus areas – major priorities in the company's sustainability roadmap.
  • On top of these highlights, Carnival Corporation is marching strongly toward meeting or exceeding its remaining 2030 climate action and circular economy goals.
  • Carnival Corporation's 2023 sustainability report was developed in accordance with the Global Reporting Initiative (GRI) Universal Standard 2021 and incorporates the company's third annual disclosure in line with the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-Related Financial Disclosures (TCFD).

EuroGreen Maritime Secures Seven-Year Charter with Equinor ASA for Four Advanced Hybrid Battery / Dual-Fuel Methanol Tankers with Wingsails

Retrieved on: 
Monday, April 8, 2024
Sustainability, Environment, Alternative Energy, Energy, Technology, Maritime, Transport, Other Technology, Methanol, EGM, GHG, Sulfur oxide, Wind, NOx, Ship, Multimedia, EQNR, Shipbuilding

This transaction represents a significant advancement in green shipping and underscores a shared vision for a cleaner, more sustainable maritime industry.

Key Points: 
  • This transaction represents a significant advancement in green shipping and underscores a shared vision for a cleaner, more sustainable maritime industry.
  • These ships will be managed on behalf of EGM by V.Ships France under this time charter agreement with Equinor upon delivery.
  • Equinor ASA plans to deploy these technologically advanced vessels into product trading activities.
  • This initiative represents a significant step in reducing maritime operations' environmental footprint, further aligning with EGM's and Equinor's sustainability goals.

United States LNG Bunkering Industry Report 2024-2029: Increasing Adoption as a Marine Fuel, Expansion of Bunkering Infrastructure, Evolving Regulations and Fuel Standards, Strategic Partnerships - ResearchAndMarkets.com

Retrieved on: 
Friday, April 5, 2024
Maritime, Energy, Transport, Oil, Gas, Segment, Digitalization, Research, Investment, Safety, Fuel, Policy, Natural gas

Supports the development of LNG bunkering infrastructure and ensures a steady supply.

Key Points: 
  • Supports the development of LNG bunkering infrastructure and ensures a steady supply.
  • Technological Advancements in LNG Infrastructure:
    Innovations in bunkering vessels, storage, and transfer systems enhance efficiency and safety.
  • Increasing Adoption of LNG as a Marine Fuel:
    Shipping companies prioritize LNG for compliance with emissions regulations.
  • Evolving Regulatory Landscape and Fuel Standards:
    Stringent regulations and emission standards drive LNG adoption.

Delaware Life Insurance Company Launches Innovative Fixed Index Annuity with Premium Bonus: PrimeStart Bonus 10℠

Retrieved on: 
Monday, March 25, 2024
Professional Services, Insurance, Finance, Barclays, Growth, Goldman Sachs, Franklin Templeton Investments, Gold, Société Générale, Life, S&P, Safety, Retirement, National accounts, Life insurance

Delaware Life Insurance Company ("Delaware Life") has launched an innovative, flexible-premium fixed index annuity featuring a premium bonus.

Key Points: 
  • Delaware Life Insurance Company ("Delaware Life") has launched an innovative, flexible-premium fixed index annuity featuring a premium bonus.
  • Receive a 10% bonus on premium payments made in the first 60 days of the issue date.
  • The initial starting index value is set using the lowest index value following the first 90 days of contract issue.
  • More information about PrimeStart Bonus 10℠ is available at: https://www.delawarelife.com/product/primestart-bonus-10
    Visit https://franklin-sg-select.com/ for more information on the Franklin SG Select Index.