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Wah Kwong and NatPower Marine launch Asia’s first zero-emission port power venture

Wah Kwong NatPower Holdings, will develop grid-connected infrastructure at major ports in Hong Kong, with plans to develop partnerships in Greater China and infrastructure across North Asian markets.

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Wah Kwong and NatPower Marine launch Asia's first zero-emission port power venture

Global clean infrastructure developer NatPower Marine on Thursday (4 September) announced the launching of a joint venture with Hong Kong shipowner Wah Kwong Maritime Transport to build and operate a dedicated network of electric shore power stations across Asia.

The new company, Wah Kwong NatPower Holdings, will develop grid-connected infrastructure at major ports in Hong Kong, with plans to develop partnerships in Greater China and infrastructure across North Asian markets, by enabling vessels to switch off fossil-fuel auxiliary engines while using shore-based power at berth and plug into zero-emission electricity for providing clean electricity for cold ironing and propulsion.

“As part of the wider Wah Kwong Group strategy, we continue to form new ventures delivering diversified decarbonisation solutions to address industry needs. This venture brings the industrial logic, financial backing and technical certainty the region has been anticipating in marine electrification,” said Hing Chao, Executive Chairman of Wah Kwong. 

“Asia’s ports are the backbone of global trade and now they must become the frontlines of climate action,” said Stefano D.M. Sommadossi, CEO of NatPower Marine UK and Joint Director of the new company. 

“This partnership gives us the reach, capability and credibility to deliver the infrastructure needed to support net zero shipping at scale.”

“We are applying our deep energy infrastructure experience to accelerate the maritime transition. This joint venture is about building the systems, powered by renewables, that will help the global shipping sector decarbonise faster,” adds Fabrizio Zago, Founder & Group CEO, NatPower and CEO, NatPower Marine Global.

“After the official setup of Venture Energy in June this year, the launch of this joint venture is a milestone in our partnership strategy,” added Greg McMillan, Director of Wah Kwong NatPower Holdings. “By leveraging our shipping expertise and NatPower Marine’s strength as a shore electrification partner, we are another step closer to creating a greener future in the region.”

The new joint venture aims to launch its first projects in 2026, targeting high-traffic ferry and container terminals across Asia. It plans to deploy shore power infrastructure for cold ironing and propulsion at more than 30 ports by 2030, creating the backbone of Asia’s first clean charging corridor for ships.

Operating under a Charge Point Operator (CPO) model, Wah Kwong NatPower Holdings will fully fund, build and manage the infrastructure, removing the need for upfront investment from port authorities. Each site will be equipped with an integrated shore power system, including shore-side substations, battery energy storage and smart grid interfaces to support both cold ironing and vessel propulsion charging. 

The JV mirrors the privately funded model that NatPower Marine is already deploying in Europe. In the UK and Ireland, the company is investing £100 million to electrify key terminals, including the partnership with Peel Ports Group, delivering shore power and vessel charging infrastructure along the Irish Sea and supporting more than 3,000 vessel movements annually.

“The mission of WK NatPower is to deliver green electricity to ships both at berth for cold ironing and for propulsion through the investment, development, and operation of a comprehensive maritime electrification infrastructure network across Asia,” said Vincent Ni, General Manager of WK NatPower said. “Based in Hong Kong, one of our first objectives is to make a lasting impact locally, providing long-term environmental benefits to residents and enhancing ports competitiveness.”

In addition to its £250 million shore power investment in the UK, NatPower Marine is unlocking £10 billion in global investment. Targeting 120 electrified port locations by 2030 with shore power and high-capacity electric charging infrastructure. The network is designed to help the maritime sector meet tightening regulatory targets under the IMO’s Carbon Intensity Indicator (CII) and regional Emissions Control Areas (ECAs).

“We are creating the infrastructure to future-proof the maritime sector, from ferries to containerships, to cruising ships,” said Sommadossi. “From Liverpool to Hong Kong and beyond, this network will allow global shipping to plug in, convert to sustainable electric fuel, an immediate opportunity for saving and decarbonising without compromise for a greener future.”

Wah Kwong is investing in shipping decarbonisation with several initiatives under Venture Energy, including the first e-methanol bunkering ship in Shanghai.

 

Photo credit: NatPower Marine
Published: 5 September, 2025

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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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