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Artemis Technologies receives GBP 60 million funding to build zero emissions ferries

A maritime consortium led by the Belfast-based company won a GBP 33 million UK Government grant that almost doubled the total project investment.
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Artemis Technologies

Artemis Technologies, a Belfast-based applied technology company, on Friday (26 June) announced their maritime design project to build zero emissions ferries has accumulated a total project investment close to GBP 60 million.

A Belfast Maritime Consortium led by Artemis Technologies has won a £33 million UK Government innovation grant to develop zero emissions ferries in the city, it said. 

The official statement revealed with further investment from consortium partners, the total project investment will reach close to GBP 60 million over the next four years, creating an initial 125 research and development jobs, and leading to more than 1,000 in the region over the next 10 years.

The 13 partner syndicate –  a mix of established and young companies, including Belfast Harbour and Bombardier, academia and local public bodies – is the only Northern Irish or maritime recipient of the UK Research and Innovation flagship Strength in Places Fund.

 A spin-off from the America’s Cup sailing team, Artemis Racing, Artemis Technologies is led by double Olympic gold medallist Iain Percy OBE.

“When we launched Artemis Technologies, we decided to base ourselves in Belfast because of the incredible aerospace and composite engineering talent available,” said Artemis Technologies Founder Iain Percy OBE.

“Belfast’s local expertise coupled with the city’s rich shipbuilding heritage, and our own America’s Cup yacht design experience, will ensure Belfast is the global lead in zero emissions maritime technology.

“For years, we’ve been designing low energy, high performance solutions for some of the fastest yachts on the planet, and we will now utilise that knowledge, and along with our partners, apply it to build the world’s most environmentally friendly high-speed ferries, capable of carrying up to 350 passengers.”

Percy added that the concept for an electric hydrofoil propulsion system is totally unique and will enable vessels of the future to operate with up to 90% less energy, and produce zero emissions during operation.

“We are all proud of Belfast’s maritime and shipbuilding heritage. However, it is even more exciting to look towards a future which can see Northern Ireland once again leading the way with world-class manufacturing and cutting-edge technology,” said First Minister Arlene Foster.

“I pay tribute to all those involved in the project which demonstrates so clearly the benefits of collaboration between business, academia and government at all levels. 

“This investment can support economic growth locally, but its impact could be felt globally through solutions to more sustainable transport,” she added.

Foster revealed that The Belfast consortium brings together a range of established and young firms, academia and public bodies, including: Belfast Harbour, Bombardier Belfast, Northern Ireland Advanced Composites Engineering (NIACE), Creative Composites, Energia, Catalyst, Invest Northern Ireland, Ulster University, Belfast Met, Queen’s University, Belfast, Ards and North Down Borough Council, and Belfast City Council.

“As we continue to develop Belfast Harbour as a key economic hub and centre for innovation, we are pleased to partner with Artemis Technologies in this cutting-edge maritime design project which keeps our city firmly on the shipbuilding map,” said Belfast Harbour Chief Executive Joe O’Neill.

O’Neill commented ambitious collaborative partnerships such as this are key enablers to help unlock groundbreaking technical innovations and this project fully aligns to Belfast Harbour’s vision to become one of the world’s greenest and best regional ports.

“Belfast Harbour is already home to a diverse range of businesses and this collaboration will only see that expand while also creating new pathways to employment and economic growth opportunities within Belfast and beyond,” he concluded.

“This investment will help our economy recover more quickly, creating jobs and economic prosperity for the city – both key objectives of the Belfast Agenda,” said Belfast City Council Chief Executive Suzanne Wylie.

“Belfast has a long history of innovation and it’s hugely exciting to know that once again, we’re on the cusp of a significant engineering breakthrough – one which will position us as pioneers in advanced manufacturing, resilience and transitioning to a low carbon economy,” she concluded.

“As the largest manufacturer in Northern Ireland, Bombardier Belfast is a centre of excellence for the design, manufacture and aftermarket support of complex metallic and advanced composite aerostructures and therefore can provide a depth of experience, capability and capacity in support of Artemis Technologies,” said Bombardier Aviation Aerostructures Chief Operating Officer Michael J Ryan CBE.

Ryan stated that Bombardier Belfast is keen to expand into markets that exploit their capabilities/advanced technology and where there are synergies with novel technologies. 

He shared his view that the Artemis Technologies project, represents a credible technology path that could provide a technological ‘step-change’ to the maritime sector and passenger transportation.”

“UK Research and Innovation funding through the Strength in Places Fund will bring researchers, industry and local leadership together in outstanding collaborative programmes that will catalyse regional excellence and economic growth across the UK,” said UK Research and Innovation Chief Executive Professor Sir Mark Walport.

“UK Research and Innovation’s flagship Strength in Places Fund is distinctive in specifically targeting investment to foster the local research and innovation ecosystems that can support sustained growth,” said Research England’s Executive Chair David Sweeney.

Sweeney highlighted that all of these projects have the potential to deliver research and innovation that will transform activity within their target industries, in a way that is deeply rooted in local strengths and well linked to wider local economic plans. 

He concluded that with a second wave of Strength in Places funding already in the pipeline, they look forward to broadening the reach of that impact to further projects in other areas of the country in future.


Photo credit: Artemis Technologies
Published: 29 June 2020

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Alternative Fuels

MPA and MSC ink MoU to support adoption of alternative bunker fuels

MPA and MSC will explore new routes and services to strengthen connectivity, support the adoption of alternative marine fuels such as bio-LNG, and advance technologies to improve vessel energy efficiency.
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MPA and MSC ink MoU to support adoption of alternative bunker fuels

The Maritime and Port Authority of Singapore (MPA) on Wednesday (3 June) said it signed a Memorandum of Understanding (MoU) with MSC Mediterranean Shipping Company to strengthen collaboration in maritime decarbonisation, digitalisation, innovation, and manpower development. 

The MoU was signed on 25 May 2026 by Mr Ang Wee Keong, Chief Executive of MPA, and Mr Soren Toft, Chief Executive Officer of MSC.

The MoU underscores the shared commitment of MPA and MSC to foster a sustainable, digital, and future-ready maritime sector, while enhancing MSC’s operational and business activities in Singapore. This year also marks the 30th anniversary of MSC establishing its Asia Regional Office and local office in Singapore.

Under the MoU, MPA and MSC will explore new routes and services to strengthen connectivity, support the adoption of alternative marine fuels such as bio-LNG, and advance technologies to improve vessel energy efficiency and operational performance.

MPA and MSC will also collaborate on maritime digitalisation initiatives to improve operational efficiency, including streamlining vessel arrivals and port operations. 

On manpower development, MSC will support internship and scholarship opportunities through Singapore Maritime Foundation’s Maritime Outreach Network (MaritimeONE) platform, an industry-led tripartite partnership comprising industry, government and institutes of higher learning that aims to raise awareness of the maritime industry and attract quality talent into the maritime sector.

Mr Ang Wee Keong, Chief Executive of MPA, said: “This partnership reflects the strong collaboration between MPA and MSC in driving sustainability and digitalisation in the maritime sector. By working together on decarbonisation, operational efficiency and talent development, we aim to strengthen Maritime Singapore’s position as a trusted and future-ready global maritime hub.”

Mr Soren Toft, Chief Executive Officer of MSC, said: “Singapore is a strategically important hub for MSC and a key gateway to the broader Asia region. As we mark 30 years in Singapore, this MOU reinforces our long-term commitment to strengthening our presence here. MSC and Singapore are closely aligned on the priorities shaping the future of global shipping, and we look forward to deepening this partnership to drive the continued growth and resilience of the maritime industry.”

 

Photo credit: Maritime and Port Authority of Singapore
Published: 4 June, 2026

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Methanol

Seaspan and Hapag-Lloyd complete first of five methanol vessel retrofit

Following “Seaspan Yangtze”, the remaining vessels planned for retrofit under the methanol retrofit programme are “Seaspan Amazon”, “Seaspan Ganges”, “Seaspan Thames”, and “Seaspan Zambezi”.
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Seaspan and Hapag-Lloyd complete first of five methanol vessel retrofit

Seaspan Corporation (Seaspan) and Hapag-Lloyd on Wednesday (3 June) announced the successful completion of the first of the five vessel conversions under their methanol retrofit programme with the delivery of Seaspan Yangtze.

From the early SAVER (Seaspan Action for Vessel Energy Reduction) programme to today’s CleanBlue initiative, Seaspan has committed over USD 230 USD million across 86 vessels, executing more than 550 efficiency and retrofit projects.

Following Seaspan Yangtze, the remaining vessels planned for retrofit under the programme are Seaspan Amazon, Seaspan Ganges, Seaspan Thames, and Seaspan Zambezi. Each retrofit is expected to reduce well-to-wake CO₂e emissions by approximately 30,000 to 50,000 metric tonnes per vessel annually when operating on low-carbon methanol, while also extending vessel lifespan and enhancing fuel flexibility.

“Decarbonisation is not just about building the fleet of tomorrow, it is also about unlocking the full potential of the fleet we have today. Retrofitting and upgrades on existing fleets play a practical, immediate, and economical role in accelerating shipping’s decarbonization journey,” said Bing Chen, Chairman, President and CEO of Seaspan. 

“Project SAVER CleanBlue highlights Seaspan’s strong customer partnerships, deep technical expertise, and unique platform integrated with JV partners, such as WattSpan Maritime Technology, in executing complex and large-scale retrofit projects.”

“The successful conversion of the Seaspan Yangtze together with the planned retrofit of its four sister vessels is another important step on our ambitious path towards net-zero fleet operations by 2045,” said Silke Lehmköster, Managing Director, Fleet, Hapag-Lloyd. 

“Together with Seaspan, we are demonstrating that retrofitting existing vessels for low-carbon methanol can be a practical way to reduce emissions in shipping.”

 

Photo credit: Seaspan
Published: 4 June, 2026

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Nuclear

South Korean-led nuclear car carrier design secures LR backing

LR is working with HHI, KSOE, Hyundai Glovis, G- Marine Service and KAERI on a joint development project exploring an advanced small modular reactor (SMR) installation on a PCTC.

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South Korean-led nuclear car carrier design secures LR backing

Classification society Lloyd’s Register (LR) on Tuesday (2 June) said it has teamed up with South Korean shipbuilding, marine services and nuclear research organisations to advance the development of a nuclear‑assisted car carrier concept. 

LR is working with Hyundai Heavy Industries, Korea Shipbuilding & Offshore Engineering (KSOE), Hyundai Glovis, G- Marine Service and the Korea Atomic Energy Research Institute (KAERI) on a joint development project (JDP) exploring an advanced small modular reactor (SMR) installation on a pure car and truck carrier (PCTC). 

The study focused on how a Molten Salt Reactor (MSR) could be physically and operationally integrated into a large vehicle carrier. Work examined the internal arrangement and segregation of the reactor system, shielding requirements, and the impact on cargo deck layout and vehicle capacity, alongside stability and trim implications linked to the reactor’s weight and positioning. 

The partners also assessed propulsion system configuration and power delivery, as well as operational flexibility compared with conventionally fuelled PCTCs, where trade routes and port calls can be tightly constrained. 

A key focus of the project has been safety. LR led hazard identification (HAZID) and preliminary risk assessment work, focusing on containment, onboard safety systems and potential operability constraints tied to nuclear technology at sea. 

The partners will mark the project milestone with an Approval in Principle (AiP) granting ceremony on 2 June at the LR stand during Posidonia 2026. 

Sung-Gu Park, President – North East Asia, Lloyd’s Register, said: “While nuclear propulsion is still at an early stage of development, this project shows the importance of building technical understanding now to support future progress. 

“Establishing feasibility at concept stage is a valuable step forward, particularly in areas such as cargo optimisation, vessel stability and integrated safety design.” 

Hong-Ryeul Ryu, CTO and Senior Executive Vice President at HD HHI, said: “With global environmental regulations becoming increasingly stringent and no definitive net-zero fuel yet available, SMR-powered ships can serve as a highly effective alternative, representing a pioneering next-generation maritime technology capable of complying with GHG emission regulations while allowing lifetime operation without refuelling, and HD HHI will remain at the forefront of sustainable maritime technology development.”

 

Photo credit: Lloyd’s Register
Published: 4 June, 2026

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