Action is needed now, not just long-term pledges, if the world is going to meet Paris Agreement targets on climate change, says DNV.

Panama Bunker sales showed some recovery in 2021, up 5.69% compared to 2020, to 5,016,513m tonnes reaching the highest level in two years in December, although still short of the 5.4m tonnes in 2019.

A surge in demand is being seen for scrubber retrofits as the price spread between high and very low sulphur fuel oil exceeds $400 per tonne.

DNV has called on governments to make ‘significant policy interventions’ on hydrogen development as a matter of urgency.

Japanese shipbuilder Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, has completed the conceptual design of a very large gas carrier (VLGC) initially powered by LPG but adaptable to future use of ammonia as the main fuel.

There are how 805 LNG-fuelled ships in operation or on order, and 229 more ‘LNG-ready’ ships, according to the latest Alternative Fuels Insight from classification society, DNV.

The Liberian Registry has seen an increase in its fleet and a decreasing average age of vessels.

The UK government has confirmed £12m in funding to accelerate the research and development of zero emission maritime technologies.

Crowley has inaugurated an LNG loading facility in Puerto Rico.

NYK, ClassNK, and IHI Power Systems have inked an MoU with the City of Yokohama to develop an ammonia-fuelled tugboat to operate in its port.