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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

Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

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Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Taiwanese shipping firm Yang Ming Marine Transport Corporation (Yang Ming) and South Korean shipbuilder Hanwha Ocean on Wednesday (2 September) signed a shipbuilding contract for six 13,000 TEU class LNG dual-fuel container vessels. 

The contract was signed by Dr. Chuck Tsai, Chairman of Yang Ming, and Mr. Charles Kim, CEO of Hanwha Ocean. The vessels are scheduled for delivery between 2028 and 2029. 

They will complement Yang Ming’s existing fleet of 10,000+ TEU vessels and serve as key vessels on East-West services, with deployment flexibility across trade lanes connecting Asia with the East and West Coasts of North America, South America, and the Mediterranean. 

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

“As Yang Ming transitions toward net-zero emissions, LNG provides a relatively mature and economically viable alternative fuel solution, capable of reducing greenhouse gas emissions by approximately 20%,” the company said. 

“At the same time, ammonia can serve as a carbon-free fuel by utilising converted LNG storage facilities, while offering relatively lower conversion costs and comparatively well-developed supply chains and infrastructure. The Ammonia Fuel Ready design will therefore provide Yang Ming with greater flexibility in responding to increasingly stringent international regulations on greenhouse gas emissions.”

In addition, the vessels will be equipped with Type B LNG fuel tanks with a design pressure of 1.0 bar to enhance the safety and efficiency of LNG operations, together with a range of energy-saving technologies, including Wind Shields, Rudder Bulbs, Pre-Swirl Stators, and Shore Power Systems. Smart ship technologies and cybersecurity protection features will also be incorporated to enhance operational efficiency, safety, and reliability while effectively reducing fuel consumption and greenhouse gas emissions.

Deliveries under Yang Ming’s next-generation fleet optimization plan commenced earlier this year. By 2030, a total of 24 new vessels are expected to enter service. 

This includes 18 LNG dual-fuel vessels—comprising five 15,500 TEU, seven 16,000 TEU, and the six 13,000 TEU vessels under this contract—alongside six 8,000 TEU methanol dual-fuel-ready ships. 

 

Photo credit: Yang Ming Marine Transport
Published: 4 September, 2026

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LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Both secured AiP for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

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LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Lloyd’s Register (LR) and the Marine Design and Research Institute of China (MARIC) on Thursday (3 September) have secured Approval in Principle (AiP) for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

Announced at SMM 2026, the concept addresses one of the biggest investment challenges facing shipping today: the need to develop vessels and capabilities that can support a range of alternative fuel options and pathways as technologies, infrastructure and regulations evolve.

While LNG is already a mature fuel pathway, methanol and ammonia remain at an earlier stage of development, with questions around global fuel availability, infrastructure development, economics and long-term adoption.

The 114,000 DWT tanker concept has been designed as a product and crude oil carrier that can accommodate future conversion to LNG, methanol or ammonia as technologies, regulations and fuel supply chains mature. By incorporating conversion readiness at the design stage, the concept aims to reduce future retrofit complexity and provide owners with greater confidence when planning long-term fleet investments.

The design concept was reviewed against LR’s July 2026 class rules and regulations, including requirements relating to ships using gases and other low-flashpoint fuels, alongside relevant IACS Common Structural Rules for oil tankers. Final classification and statutory approval remain subject to full compliance with all applicable rules and regulations.

Theo Kourmpelis, Global Business Director for Tankers, Lloyd’s Register, said: “Shipowners are being asked to make major investment decisions today despite continued uncertainty around which fuels will dominate in the decades ahead. Alternative fuel solutions each offer potential pathways to compliance, but fuel infrastructure, regulation and economics continue to evolve at different speeds around the world.

“Designs that preserve flexibility will be critical in helping owners manage risk while preparing for multiple future scenarios.”

Si Nan, Marine & Offshore Marketing Department Vice Director, MARIC, said: “As the industry explores different decarbonisation pathways, shipowners need vessel designs that can adapt alongside technological and regulatory developments. This concept was developed specifically to provide greater fuel flexibility and long-term resilience, allowing owners to respond to changing market requirements without being locked into a single fuel strategy.

“Receiving Approval in Principle from Lloyd’s Register is an important milestone that validates the design concept and supports its future development.”

 

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

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Alternative Fuels

DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

LNG-fuelled vessels accounted for the vast majority of August activity while the strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year.

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DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

Latest data from classification society DNV’s Alternative Fuels Insight (AFI) platform alternative-fuelled vessel ordering was strong in August, with 52 new vessels added to the platform.

This is the highest monthly total since October 2024 and follows another active month in July, when 47 vessels were added to the database.

LNG-fuelled vessels accounted for the vast majority of August activity, with 46 orders recorded. The container segment led the way with 30 orders, while the car carrier segment contributed a further 12 LNG-fuelled vessels. In addition, four ethanol-fuelled bulk carriers and two hydrogen-powered bulk carriers were added during the month, as well as one LNG bunker vessel.

The strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year. In total, 242 alternative-fuelled vessel orders have been placed in the first eight months of 2026, representing a 27% increase compared with the same period in 2025.

LNG remains the dominant fuel choice, accounting for 63% of all alternative-fuelled vessel orders registered so far this year. Container vessels represent the largest share of these LNG orders (59%), followed by car carriers (30%).

Jason Stefanatos, Global Decarbonization Director at DNV Maritime, said: “The past two months have been particularly strong for alternative-fuelled vessel ordering, with August recording the highest monthly total we’ve seen since October 2024. This has helped lift year-to-date orders to a level well above the same period last year.

“LNG remains the leading fuel choice, driven largely by activity in the container and car carrier segments. These sectors have been among the earliest adopters of alternative fuels, supported by predictable liner operations and increasing demand from cargo owners to reduce emissions across supply chains. 

“For many owners, LNG offers a combination of emissions reductions, fuel availability and future flexibility while the longer-term fuel landscape continues to evolve. 

“At the same time, the latest figures include orders for ethanol- and hydrogen-fuelled vessels, highlighting that owners continue to explore a range of decarbonization pathways. Different segments are making different fuel choices, but the overall level of activity demonstrates continued investment in lower-emission shipping.”

Screenshot 2026 09 04 at 12.29.26 PM Screenshot 2026 09 04 at 12.29.36 PM

 

Photo credit: DNV
Published: 4 September, 2026

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