Italian start-up Newcleo, in collaboration with Fincantieri and Pininfarina, has unveiled concepts for innovative small fission power plants. Aiming to transform energy for shipping, this fourth-generation nuclear reactor emphasizes safety and sustainability. Displayed at a design fair, it seeks to reshape public perceptions of nuclear energy with advanced technology.
The Panama Canal Board of Directors has approved the bidding process for a new energy product pipeline. This project aims to enhance the Canal’s infrastructure and competitiveness by offering an alternative to sea transportation. The transparent bidding process will attract qualified companies to manage the pipeline, ensuring operational efficiency and modernization of the Canal.
Greek companies Terna Energy and Motor Oil have partnered to develop Greece’s first offshore wind farm, in line with the government’s strategy to expand renewable energy sources. With Terna Energy’s expertise and experience, the joint venture aims to reach a total installed capacity of 6 GW by 2029, starting with a 400 MW wind farm by 2030.
Panama has made history by registering 358 newly built ships, totaling over 8.5 million Gross Tonnage, solidifying its position as the world leader in ship registration. The Panama Maritime Authority’s strategic initiatives and incentives have attracted shipowners, showcasing its commitment to sustainability and advancement in the maritime sector.
The offshore wind industry is rapidly growing, with wind farms expanding further from shore. Service Operation Vessels (SOVs) are crucial for transporting technicians and equipment to turbines in challenging sea conditions. AST Reygar’s BareFLEET remote monitoring system optimizes SOV performance, providing insights on fuel consumption, emissions, and operational efficiency to meet industry demands.
Energy Observer, backed by the EU’s Innovation Fund, is developing the world’s largest liquid hydrogen-powered cargo ship. The project, EO2, received €40 million to design a 160-meter containership with a 1,100 TEU capacity. The goal is to create the most eco-friendly cargo ship, with plans for commercial operations in 2029.
A groundbreaking project between Turkish Tersan shipyard and Norwegian ferry operator Fjord1 will produce four zero-emission, autonomous ferries powered by SCHOTTEL EcoPellers. These vessels, designed by HAV Design, prioritize sustainability and passenger comfort. With plans to improve connectivity by 2026, the project signifies a significant advancement in maritime transportation in Norway.
Wärtsilä Gas Solutions, a division of Wärtsilä, will supply reliquefaction systems for Excelerate Energy’s FSRUs to improve environmental sustainability. The Compact Reliq Double units will reduce emissions and maintenance costs, showcasing Wärtsilä’s expertise. Excelerate Energy’s COO praised the partnership, highlighting the companies’ commitment to greener shipping practices.
Auramarine, a fuel supply systems pioneer, has launched an Ammonia System to support decarbonisation goals in the marine industry. With expertise in green strategies, the system ensures safety and compliance with regulations. CEO John Bergman highlights the importance of ammonia in achieving net zero shipping and anticipates deliveries in 2026.
Norwegian offshore support company Østensjø has commissioned the construction of an innovative Ocean Energy Support Vessel (OESV) at a shipyard in Spain. This vessel, designed for a variety of offshore support tasks, focuses on versatility, adaptability, and environmental sustainability. With a delivery expected in 2027, it represents a significant advancement in Østensjø’s fleet modernization efforts.
Shipping companies are navigating the complexities of the FuelEU Maritime regime to reduce compliance costs and penalties for failing to meet carbon intensity reduction targets. OceanScore is providing estimates on compliance surpluses available through pooling to assess costs and potential earnings. Companies must consider biofuel burning and pooling as cost-effective alternatives to penalty payments as regulations become stricter.
Shipping companies are working to reduce compliance costs under the FuelEU Maritime regime to avoid penalties for missing carbon intensity reduction targets. OceanScore is providing price estimates on compliance surpluses available through FuelEU’s pooling mechanism. Companies can opt for biofuels or pooling to address deficits, with penalties being a costly alternative.
Germany-based Phoenix Reisen has upgraded its ship MS Amera with ABB’s Onboard DC Grid™ power system and shore connection for improved efficiency and sustainability. The retrofitting allows for seamless integration of energy sources, reducing emissions during port calls by up to 35%. Phoenix Reisen’s commitment to sustainable cruising is evident in this modernization project.
Peninsula, a leader in marine energy solutions, successfully bunkered the Thor Highway car carrier with LNG in Gibraltar. Operated by “K” LINE, the vessel showcases a commitment to lower carbon shipping. Peninsula’s Tokyo office played a key role in the operation, highlighting their expertise in providing sustainable fuel options. The partnership reflects Peninsula’s dedication to leading the marine energy transition.
Amogy, a leader in ammonia-to-power solutions, partners with Mitsubishi Shipbuilding to explore onboard hydrogen production. Integrating Amogy’s ammonia-cracking tech with Mitsubishi’s system, the collaboration aims to develop a sustainable ammonia fuel supply for zero emissions in the maritime industry. Feasibility studies show potential for power trains and hydrogen supply facilities using ammonia as a carbon-free fuel.
