Kuwait Oil Tanker Company S.A.K.

Japan's Nippon Yusen KK (NYK) and its partners said on Tuesday they will conduct a demonstration project to develop commercial vessels equipped with ammonia-fueled engines to help reduce carbon dioxide emissions to tackle climate change.The shipping industry is examining a range of technologies as it looks to meet a target set by the UN's International Maritime Organization (IMO) of reducing overall greenhouse gas emissions from ships from 2008 levels by 50% by 2050.Ammonia is used in making fertilizer and industrial materials, but is also seen as a potential future energy source, along with hydrogen, as it does not emit CO2 when burned.The project cost is 12.3 billion yen, 8.

Nakilat has taken delivery of a newbuild LNG carrier dubbed Global Sea Spirit, a ship to be commercially and technically managed in-house by Nakilat Shipping Qatar Limited (NSQL). Built by Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea, this is the third of four LNG newbuild carriers to be delivered to Global Shipping Co. Ltd., a joint venture between Nakilat (60%) and Maran Ventures Inc. (40%). The first two LNG carriers’ newbuilds (ME-GI type) were delivered in May 2020 and January 2021 respectively and are currently in service.With a cargo carrying capacity of 174,000 cu. m.

Finnish engineering group Wärtsilä forecast a surge in demand for its products in the final three months of the year, sending its shares sharply higher, as its CEO said prospects were strongest for its marine business.The ship technology and power-plant maker struggled with slumping orders, especially from the marine sector, in 2020 after curbs linked to COVID-19 restrictions caused Royal Caribbean, Carnival and other cruise lines to suspend their activities.Though market conditions started to improve as restrictions were eased, postponements in power plant investments meant Wärtsilä faced continued headwinds during the first half of 2021.

FarSounder and Navtor announces a new partnership, with FarSounder now including support for NAVTOR official ENC chart data in itsbase software package.Navtor is centered on creating e-Navigation tools that are safe, simple and efficient. Similarly, FarSounder’s Argos 3D Forward Looking Sonar is designed to provide safe navigation by detecting many ocean obstacles via an easy-to-understand user interface. According to the pair, this partnership will bring an impactful software update for Argos technology.

Vard Electro will deliver its largest battery package to date for a vessel retrofit deal with the Norwegian offshore vessel owner Siem Offshore.The contract covers Vard Electro’s SeaQ Energy Storage System (ESS) with two battery packs and a DC link, which will be installed in the first quarter of 2022 on one of Siem Offshore’s subsea construction vessels lined up for work in the wind sector.The system will enable the vessel to operate in fully electric mode with zero emissions while maneuvering in the harbor or other restricted areas and will deliver estimated fuel savings of up to 20%, according to Vard Electro Head of Commercial Sales, Gisle Anderssen.