Framework contract will run for a period of four years and currently covers 22 countries in the Mediterranean, Black and Caspian Seas.
Tests expected to complete by the end of August to confirm suitability of produced oil for power and marine end-user markets as bunker fuel.
Consortiums led by Keppel FELS, SeaTech and Sembcorp will research, design, build and operate fully electric harbourcraft over next five years.
Biomass tech converts trash into low-carbon fuel for planes and ships while cutting costs and supporting transportation sector, says spokeswoman.
Kawasaki Heavy Industries, Ltd., Yanmar Power Technology Co., Ltd., and Japan Engine Corporation concludes a joint venture contract on Monday.
Stabilis will deploy LNG transportation and distribution equipment from its liquefaction facilities in Texas and Louisiana; services available in 2021.
‘MOL is accelerating its preparations for the launch of environment-friendly vessels using not only LNG fuel but also biofuels,’ states company.
Industry association has studied the European Commission’s “Fit for 55” package and highlights a number of potential consequences and concerns.
Joint Study Framework will verify and organise common issues for use of ammonia as a maritime fuel, which is a new challenge for maritime stakeholders.
MOL Drybulk, Oshima Shipbuilding, and Iknow Machinery has formed an agreement to develop a sail that can be mounted on ships' cargo handling cranes.
