Generic Hero BannerGeneric Hero Banner
Latest market news

Japanese firms develop hydrogen engines for large ships

  • Market: Emissions, Hydrogen, Oil products
  • 27/04/21

Japanese engine manufacturers have teamed up to attempt develop hydrogen marine engines for large coastal and ocean-going ships by around 2025, as part of efforts to help the country's shipbuilders fast-track development of hydrogen-fuelled vessels.

Japanese firms Kawasaki Heavy Industries (KHI), Yanmar Power Technology and Japan Engine today agreed to form a consortium to develop hydrogen-fuelled engines for large commercial vessels operating on domestic and international routes. The group is also targeting to achieve system integration that brings together hydrogen storage and fuelling equipment with a hydrogen fuel propulsion system.

The companies are targeting to complete developing a line of products that can meet various requirements for use as a main or auxiliary marine engine or a power generator. KHI is planning to develop a medium-speed four-stroke engine. Yanmar will work at developing medium- and high-speed four stroke engines, while Japan Engine is to tackle completing low-speed two-stroke engines.

KHI and Yanmar are already participating in projects to develop small hydrogen-powered ferries for domestic routes. KHI and other Japanese firms, including shipping firm NYK Line, are planning to launch pilot operations of a hydrogen-powered fuel cell passenger ferry at Yokohama port in 2024. Yanmar is co-operating with Japanese shipping firm Mitsui OSK Line's subsidiary Mol Techno-Trade in developing a small hydrogen-fuelled ferry.

Japan is awaiting the official launch of the HydroBingo, the first hydrogen-powered vessel to operate in the country. The 19 gross tonne hydrogen-fuelled ferry is developed by Belgian shipping firm CMB and Japanese shipbuilder Tsuneishi Facilities & Craft.

Demand for hydrogen as a marine fuel is expected to expand as the international shipping industry strives to reduce its greenhouse gas emissions by at least 50pc by 2050 compared with 2008 levels. A number of countries, including Japan, have also toughened their greenhouse gas commitments to achieve decarbonisation by 2050, prompting Japanese shipbuilders to speed up a shift to greener and zero-emissions vessels and tap decarbonisation potential in competition against their Chinese and South Korean rivals.


Sharelinkedin-sharetwitter-sharefacebook-shareemail-share

Related news posts

Argus illuminates the markets by putting a lens on the areas that matter most to you. The market news and commentary we publish reveals vital insights that enable you to make stronger, well-informed decisions. Explore a selection of news stories related to this one.

News
10/01/25

2024 was hottest year on record: EU’s Copernicus

2024 was hottest year on record: EU’s Copernicus

London, 10 January (Argus) — Last year was the hottest year globally since records began in 1850, and the first calendar year to breach the 1.5°C temperature limit sought by the Paris climate agreement, EU earth-monitoring service Copernicus said today. The global average surface air temperature in 2024 was 15.10°C — 0.12°C higher than previous hottest year 2023 and 0.72°C higher than the 1991-2020 average, Copernicus found. The global average temperature in 2024 was 1.6°C higher than an estimate of the pre-industrial average, Copernicus data show — the first calendar year to breach the temperature limit pursued by the Paris accord. The two-year average for 2023-24 "also exceeds this threshold", Copernicus said. The Paris agreement seeks to limit the rise in temperature to "well below" 2°C above pre-industrial levels, and preferably to 1.5°C. This "does not mean we have breached the limit set by the Paris agreement", which "refers to temperature anomalies averaged over at least 20 years", Copernicus said. But it "underscores that global temperatures are rising beyond what modern humans have ever experienced", the organisation added. Each year of the past decade — 2015-24 — was one of the hottest ten years on record. And every month since July 2023, apart from July 2024, has breached the 1.5°C level, Copernicus data show. Greenhouse gas (GHG) emissions "remain the main agent of climate change", director of Copernicus Atmosphere Monitoring Service Laurence Rouil said. GHG concentrations are the highest in at least 800,000 years, Copernicus said. Atmospheric concentrations of key GHGs CO2 and methane "continued to increase and reached record annual levels in 2024", it said. CO2 stood at 422 parts per million (ppm) and methane at 1,897 parts per billion (ppb) in 2024 — 2.9ppm and 3ppb higher on the year, respectively, Copernicus data show. While the rate of increase in CO2 "was larger than the rate observed in recent years", the rate of increase in methane was "significantly lower than in the last three years", Copernicus said. An international team of scientists said in November that carbon emissions from fossil fuels were projected to reach a fresh high in 2024 , with "no sign" that these have peaked. Global sea surface temperatures were also above average in 2024 and were a significant force behind the record high surface air temperatures, Copernicus said. Oceans absorb the majority of the world's excess heat. And the amount of water vapour in the atmosphere hit a fresh high in 2024, at around 5pc above the 1991-2020 average, Copernicus found. Climate change is worsening extreme weather events such as floods and storms, studies found. This "reflects the basic physics of climate change — a warmer atmosphere tends to hold more moisture, leading to heavier downpours", research groups World Weather Attribution and Climate Central said in December. By Georgia Gratton Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Find out more
News

Union, US ports reach tentative deal: Update


09/01/25
News
09/01/25

Union, US ports reach tentative deal: Update

Adds comments from White House, retail industry. New York, 9 January (Argus) — Unionized port workers and operators of US east and Gulf coast ports and terminals have reached a tentative agreement on a new work contract, averting a strike that would have started next week. The International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) said the new six-year contract still needs to be reviewed and approved by members of both sides before it will be ratified. They have agreed to continue to operate under the current contract until the agreement is finalized. "This agreement protects current ILA jobs and establishes a framework for implementing technologies that will create more jobs while modernizing East and Gulf coasts ports — making them safer and more efficient and creating the capacity they need to keep our supply chains strong," the ILA and USMX said in a joint statement. US president Joe Biden praised the deal, saying it shows both sides can settle their differences to benefit workers and their employers. "I applaud the dockworkers' union for delivering a strong contract," Biden said. "Their members kept our ports open during the pandemic, as we worked together to unsnarl global supply chains." The National Retail Federation (NRF) also lauded the deal after the group signed a letter last month urging the parties to resume negotiations. "Providing certainty with a new contract and avoiding further disruptions is paramount to ensure retail goods arrive in a timely manner for consumers," said Jonathan Gold, the NRF's vice president of supply chain and customs policy. Details of the agreement will not be released until after members have had time review and approve the deal, ILA and USMX said. The current contract was set to expire on 15 January after the parties struck a temporary agreement to end a three-day port strike in October 2024 . By Luis Gronda Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

News

UAE commits $40mn to Brazil enviro initiatives


09/01/25
News
09/01/25

UAE commits $40mn to Brazil enviro initiatives

Sao Paulo, 9 January (Argus) — The UAE's Erth Zayed Philanthropies committed $40mn to back Brazilian projects to protect the environment and advance sustainable development. The organization said it plans to support multiple projects in Brazil, including programs to restore ecosystems and eliminate plastic waste in the Amazon, as well as projects that support sustainable farming. It also reaffirmed its commitment to support the Tropical Forests Forever Facility (TFFF), which was launched by Brazil in 2023 and aims to raise funds to protect tropical forests and help countries combat deforestation. The UAE was one of five countries that committed to backing the fund during the biodiversity summit in Colombia in October. The organization announced its plans to support Brazil's environmental protection efforts during the G20 summit in November , following a meeting between Brazilian President Luiz Inacio Lula da Silva and the Crown Prince of Abu Dhabi, Sheikh Khaled bin Mohamed Al Nahyan. Erth Zayed Philanthropies was launched in October and will be used as a vehicle for the UAE to invest in a broad range of charitable projects in sectors including health, education, food security as well as energy and sustainability. Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

News

Damaged Iver bitumen tanker set to return end-Jan


09/01/25
News
09/01/25

Damaged Iver bitumen tanker set to return end-Jan

London, 9 January (Argus) — A bitumen tanker damaged after a collision with a bulker five months ago is set to finish lengthy repair work by 23 January, and be back with its time charterer TotalEnergies at the firm's Donges refinery and export terminal on the French Atlantic coast on 26 January. The 6,189dwt Iver Blessing — part of Dutch Vroon Group's Iver Ships unit — was under time charter with TotalEnergies and was offshore the French Atlantic port of Nazaire when the accident that caused serious damage to the bitumen tanker happened. The vessel was en route to the company's 219,000 b/d Donges refinery to load its next bitumen export cargo in August 2024. The tanker has since undergone repairs at a shipyard in Flushing, Netherlands, that had been due to last 1-2 months, but there have been repeated delays, including difficulties in obtaining replacement parts. TotalEnergies is a key player in northwest European and Nordic bitumen cargo markets, and the prolonged repair work forced it to seek spot or other short-term tanker charters, mainly with Iver Ships, to maintain its shipping programme. By Fenella Rhodes Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

News

Viewpoint: Trump tariffs could affect US asphalt supply


09/01/25
News
09/01/25

Viewpoint: Trump tariffs could affect US asphalt supply

Houston, 9 January (Argus) — US president-elect Donald Trump's threat to impose tariffs on Canadian goods could restrict asphalt supply and lift prices for US buyers this year. Trump announced plans to put a 25pc tariff on all imports from Canada and Mexico after he takes office on 20 January. Asphalt market participants said a potential tariff on Canadian imports could just be a "bargaining chip," and the Canadian Association of Petroleum Producers noted the tariff would push energy costs higher for American consumers. But Trump doubled-down on his threat on 7 January, insisting "we are not treated well" by Canda. If he sticks to his plan , market participants fear asphalt prices could "go through the roof." Kpler data show about 73pc of US Atlantic coast waterborne asphalt imports originated in Canada in 2024. The US east coast is net short asphalt, with just one domestic producer — independent refiner PBF Energy. PBF shut a crude distillation unit in late October because of poor refining economics. East coast waterborne imports of Canadian asphalt reached their highest level in June 2024, according to Kpler data going back to 2017. This helped push cif New York prices down by $95/st from June to early October, an unusual trend for the summer and early autumn. Railed asphalt volumes could also be affected, with monthly US imports of Canadian railed asphalt totaling 5.23 mn bl through the first 10 months of 2024, US Energy Information Administration (EIA) data show. A potential trade war and possible labor disputes could also cut into asphalt volumes. US importers could turn to other supply sources, but some supply uncertainty stretches across the Atlantic with multiple refinery shutdowns in the Mediterranean expected in 2025. This comes, however, alongside weaker asphalt demand . Rising asphalt flows from Venezuela could also help moderate affects from potential US tariffs. But market participants are more cautious of Venezuelan supply and the potential return of sanctions under Trump . The planned restart of an asphalt unit at Curacao's idled 335,000 b/d Isla refinery this year could also slightly temper a potential supply shock. Feedstocks uncertain Trump's tariffs could also alter heavy crude flows and reduce US asphalt production. Canada is the top supplier of crude to the US and accounts for 65pc of all crude runs in the midcontinent. Monthly PADD 2 imports of Canadian crude oil totaled about 863mn bl in January-October 2024, up by 8pc compared with the same period last year, according to EIA. Meanwhile, asphalt production in the region rose by about 7pc over the same period. Potential tariffs could divert Canadian crude from the US to Asia-Pacific via the Trans Mountain Expansion pipeline and boost heavy crude costs for US refiners. Further south, potential tariffs on Mexican imports could also hit asphalt production. Mexico is the second-largest supplier of crude to the US and produces a heavy grade with most volumes landing on the US Gulf coast. By Cobin Eggers Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Generic Hero Banner

Business intelligence reports

Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.

Learn more