Maritime Companies Directory

In the vast expanse of the world’s oceans, a transformation is underway.The international shipping sector, made up of thousands of massive cargo ships laden with many of the goods we buy, emits carbon dioxide (CO₂) roughly equivalent to the entire country of Germany.Our research emphasises the need for immediate action. Reducing shipping emissions by 34% by 2030 is necessary to stay on course with the Paris Agreement’s 1.5°C goal. But with low-carbon fuel pipelines unlikely to be available at the necessary scale until at least the 2030s, how can the industry meet its short-term target?Enter a new solution with ancient origins: sails.

Containerships owner/operator Seaspan Corporation signaled its entry into the car carrier segment in confirming a deal to order a series of new pure car and truck carriers (PCTC) in partnership with Hyundai Glovis (Glovis).The 10,800 CEU are the largest PCTCs under development to date. They will be dual-fuel liquefied natural gas (LNG), as well as ammonia-and methanol-ready.Seaspan said it negotiated the purchase from Shanghai Waigaoqiao Shipbuilding, a China State Shipbuilding Corporation shipyard. Upon delivery, the vessels will operate under long-term time charter, Seaspan said.

Shipowner Naftomar Shipping announced an order for four very large ammonia carriers, to be built by South Korean shipbuilder Hanwha Ocean (formerly known as Daewoo Shipbuilding & Marine Engineering) for scheduled delivery from 2026. With a capacity of 93,000 m3, the ships are among the world’s largest ammonia carriers ordered to date.The Bureau Veritas (BV) classed ships will be fitted with a ME-LGIP LPG dual-fuel engine, ready to be converted to use ammonia as fuel when the MAN ES ammonia engine retrofit kit is made available.

The CEOs of leading global shipping lines issued a joint declaration at COP 28 calling for an end date for fossil-only powered newbuilds and urging the IMO to create the regulatory conditions to accelerate the transition to green fuels.The only realistic way of meeting the IMO’s 2030, 2040 and net-zero 2050 goals is to transition from fossil to green fuels at scale and at pace, they say.Their joint declaration calls for:• An end date for new building of fossil fuel-only vessels and a clear GHG Intensity Standard timeline to inspire investment confidence, both for new ships and the fuel supply infrastructure needed to accelerate the energy transition.

Maersk Tankers confirmed an order for up to 10 very large ammonia carriers (VLAC) has been placed with Hyundai Samho Heavy Industries in Korea. Mitsui & Co., Ltd. will join as a co-investor in the first four vessels. The vessels will be operated by Maersk Tankers.The 93,000 cbm newbuilds will be among the largest ammonia carriers in operation, capable of carrying a full cargo of ammonia. The first four firm VLACs are due to be delivered from late 2026 onwards, and the contract includes options for an additional six vessels.