Topic
decarbonization
Commodities China pulls ahead of Europe in green shipping fuels with faster project execution
China has three operational green shipping fuel plants producing 10 times the combined output of six European sites, according to Transport & Environment. Europe has 69 projects but 80% have not reached final investment decisions. Chinese shipowners are already securing large supply deals with Chinese producers like Goldwind and China Energy Engineering Corporation.
Logistics Seaspan and Maersk Expand Retrofit Partnership Across 18 Container Ships
Seaspan and Maersk are expanding their vessel efficiency partnership with a $75 million retrofit program across 18 container ships. The program includes a significant upgrade package for four 13,000 TEU vessels, expected to improve slot costs by 10-13%. Separately, WattSpan signed a cooperation agreement with Maersk and COSCO Shipyard on decarbonization technologies.
Logistics Fortescue Charters Up to 12 Ammonia-Capable Newcastlemax Bulk Carriers from CMB.TECH
Fortescue has signed an agreement with CMB.TECH to charter up to 12 ammonia-capable newcastlemax bulk carriers from Bocimar. Up to three vessels will be delivered with dual-fuel ammonia engines by end of 2026, while nine will be ammonia-ready. The deal represents one of the largest commercial commitments to ammonia-capable bulk carriers and could cut CO2 emissions by 250,000 tonnes annually if operated on green ammonia.
Logistics Europe needs 65 CO2 carriers and 33 ports by 2050 to meet carbon storage goals, Xodus report says
A new report by energy consultancy Xodus finds that Europe's carbon capture and storage ambitions will require a dedicated fleet of around 65 CO2 carriers and 33 ports by 2050. Captured emissions are forecast to rise from 70 mtpa in 2030 to 320 mtpa by 2050, with shipping volumes more than doubling to 79 mtpa. Logistics operators need to prepare for a new market in CO2 transport, including vessel construction, port infrastructure, and multimodal connections.
Logistics Eitzen orders two all-electric 900 TEU boxships for Northern European green corridor
Norwegian investment group Eitzen, through its subsidiary Zen, has ordered two all-electric 900 TEU container vessels from Zhejiang Dongpeng Shipbuilding. The ships will operate on a green shipping corridor between Hamburg, Gothenburg, and Oslo, with first delivery in 24 months. The project is backed by NOK200 million in funding from Enova.