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VPS-owned Yxney Maritime launches CORE emissions tracking software

Emissions monitoring and forecasting tool will harness data from a total of more than 100 vessels across the global fleets of Solstad Offshore and Siem Offshore.

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VPS-owned Yxney Maritime on Wednesday (7 September) said it has launched its CORE emissions tracking software aimed at enabling low carbon shipping players to reach their green goals and gain a competitive edge amid growing market and regulatory pressure. 

The emissions monitoring and forecasting tool will harness data from a total of more than 100 vessels across the global fleets of Norwegian shipowners Solstad Offshore and Siem Offshore to augment their existing VPS suite of Maress and NOxDigital solutions geared to data-driven decarbonisation.

CORE

Both companies are taking the digital initiative to get ahead of possible regulations to curb ship emissions in the offshore sector as well as counter higher fuel costs due to Norway’s CO2 tax and the likely implementation of the EU’s Emissions Trading Scheme for shipping from 2023.

In the maritime sector, looming CII and EEXI regulations are set to enter into force next year that will shift the market landscape and give an advantage to proactive players able to progressively cut their emissions in line with these new carbon-intensity requirements.

Scenario planning

The CORE solution helps companies to underpin a culture driving emission reductions and to turn carbon intensity from an operational metric into boardroom-level insight on company and market decarbonisation efforts.

CORE interprets CII and CII equivalents as a score related to the emissions-saving goals for 2030 compared with 2008 as a baseline – or the ‘coreScore’ – that effectively gives industry stakeholders a comparative ranking of different companies’ efforts to reduce their emissions.

The software also makes it possible to plan for various emissions reduction initiatives for the fleet – such as installation of hybrid battery power, sails or use of biofuels – as well as assess their emissions impact, estimated cost and return on capital to enable scenario planning for optimal investments.

In addition, CORE offers a library of measures to determine current and future emission trajectories for different vessels that can be shared with other shipowners to improve the industry’s overall performance.

‘Ticket to trade’

Visibility of emissions data will be “a ticket to trade” in future as sustainability becomes a key business metric for stakeholders across the maritime value chain, according to Simen Sanna, chief executive of Yxney Maritime that is being rebranded as VPS Decarbonisation

“It is important to realise that carbon-intensity requirements will become stricter over time so companies cannot remain static and still achieve compliance. CORE is therefore a dynamic tool that enables emissions targets to be adjusted and achieved in line with regulations,” he said. 

As well as regulatory demands, there is increasing market pressure for green change from shipping stakeholders as emissions performance becomes a key criterion for charter awards from cargo owners and access to green finance from banks.

Yxney Maritime’s chief commercial officer Sindre Bornstein believes CII and EEXI represent a “digital scrubber moment” with major implications for all actors in the maritime industry. 

“These regulations are commercial drivers that are changing market behaviour,” he said.

“Companies that do not exercise responsibility in monitoring emissions and planning to meet carbon intensity targets could be left with poor charters or even stranded assets. The key is vessel data visualisation and availability that can only be achieved with a digital tool such as CORE.”

“CORE is a tool to achieve real change in ship emissions by closing the gap between where a company is now and where it wants to go in the future,” Bornstein added. 

Industry interaction

VPS-owned Yxney Maritime launches CORE emissions tracking software

Solstad Offshore has been a first-mover by collaborating with Yxney Maritime to develop new digital solutions as part of the Maress Sustainability Partnership (MSP). The MSP is a community of industry change agents openly discussing how collaboration and smart use of data can shift the needle in meeting sustainability goals. This was the setting in which the idea of CORE first came to life and found industrial anchoring.

“With 80 vessels operating worldwide, we needed an effective digital tool to handle high data volumes and complexity to track emissions across our fleet and determine the initiatives we need to achieve to meet our goal to cut emissions by 50% within 2030 and achieve net zero by 2050,” said Solstad Offshore’s chief sustainability officer Tor Inge Dale.

“CORE enables us to plot a course and plan ahead for emissions reduction as we take the lead on this digital journey together with key technology suppliers such as Yxney Maritime.”

Siem Offshore’s ESG Director Jon August Houge said: “The coreScore provides a reliable metric to assess the integrity and trustworthiness of our emissions performance.”

The collaborative approach adopted by Yxney Maritime also extends to the CORE software that is designed for interaction with multiple users and data-sharing across different stakeholder groups through a user-friendly visual interface.

 

Photo credit: VPS and Solstad Offshore
Published: 8 September 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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