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Joint feasibility study of CCS value chain project using ship transportation to be conducted

ITOCHU, Mitsubishi Heavy Industries, INPEX and Taisei will jointly carry out the study of large-scale carbon capture and storage value chain project in Japan.

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ITOCHU Corporation, Mitsubishi Heavy Industries, Ltd., INPEX Corporation, and Taisei Corporation on Thursday (26 January) said they have signed a memorandum of understanding for a joint feasibility study on a large-scale and wide-area carbon capture and storage (CCS) value chain project using ship transportation for companies that emit carbon dioxide (CO2) in Japan.

The four companies will jointly carry out a study for launching a joint project relating to the separation, capture, ship transportation and storage of CO2 emitted from the materials industry and other industries in which it is considered difficult to achieve decarbonisation merely by electrification, introduction of hydrogen and other means (hard-to-abate industries) and conduct a process of selecting prospective sites for CO2 storage in Japan.

Amid mounting global momentum towards decarbonisation, the Japanese Cabinet adopted the Sixth Strategic Energy Plan in October 2021, which defined CCS as a means that should be utilised to the maximum extent possible in decarbonising hard-to-abate industries with a view towards two governmental targets of carbon neutrality in 2050 and a 46% reduction in greenhouse gas emissions by fiscal year 2030 (from the fiscal year 2013 level). With a view to social implementation of CCS, Japan’s Ministry of Economy, Trade and Industry set a goal of launching a public offering of CCS value chain operators, including CO2 emitting companies, in 2024 and a number of advanced CCS projects by 2030.

Given the above governmental policy and targets as the background, ITOCHU has been taking tangible actions to realise the idea of CCS value chain business in Japan. For example, it joined the Geological Carbon Dioxide Storage Technology Research Association in June 2021.

This organisation aims to develop large-scale CO2 underground storage technologies for the development of sites suited for CO2 storage. ITOCHU also took part in the Research, Development and Demonstration Projects on CO2 Ship Transportation with a view to attaining wide-area ship transportation between CO2 emitters and sites appropriate for CO2 storage.

MHI has defined the Energy Transition as a growth area that it should address strategically and positioned the building of a CO2 solutions ecosystem as one of the key initiatives in its 2021 Medium-Term Business Plan. MHI has also positioned carbon dioxide capture, utilisation and storage (CCUS) as an effective means of creating a carbon-neutral society and has delivered CO2 capture plants incorporating its own high-performance technology, including one of the world’s largest, to a total of 14 locations around the world. Meanwhile, it is also developing technologies for large-scale liquefied CO2 carriers to help develop the wide-area CCS value chain project.

INPEX is working actively to change the energy structure for the purpose of creating a net zero carbon society by 2050 while meeting energy demand in Japan and elsewhere around the world. Announced in February 2022, the Long-term Strategy and Medium-term Business Plan (INPEX Vision@2022) defined CCUS as one of the five areas where it would work intensively towards a net zero carbon society. It set a target of achieving an annual CO2 injection volume of 2.5 million tons or more by around 2030 and is conducting technology development and commercialisation with the aim of becoming a leading company in the domain of CCUS.

As a front runner in the environmental domain, TAISEI defines the acceleration of its actions towards reaching carbon neutrality by 2050 as a priority issue in its Medium-Term Business Plan and is making positive efforts for CCS. With the use of the CO2 underground storage simulation technology that it has developed through major demonstration tests in Japan and overseas, it serves as a founding member of the Geological Carbon Dioxide Storage Technology Research Association. It also takes part in the Ministry of the Environment’s “Development Project of Integrated Demonstration Facility and Supply Chain for Sustainable CCUS”.

In the future, the four companies will work together to realise a sustainable society while meeting mounting needs from hard-to-abate industries for CO2 separation, capture, transportation and storage through the joint activity.

 

Photo credit: shraga kopstein on Unsplash
Published: 30 January, 2022

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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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Alternative Fuels

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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