• Home
  • News
  • Global energy major joins The Castor Initiative - LR
  • 2022 December 4 15:12

    Global energy major joins The Castor Initiative - LR

    Leading global energy major becomes eighth member of collaboration.

    The Castor Initiative has announced that global energy major TotalEnergies has become the eighth partner to the global coalition that is committed to make zero emission shipping a reality.

    The global coalition, which includes MISC Berhad (MISC), Lloyd’s Register (LR), Samsung Heavy Industries (SHI), MAN Energy Solutions (MAN), the Maritime and Port Authority of Singapore (MPA), Yara Clean Ammonia (Yara) and Jurong Port, was established in January 2020 and its most recent project milestone was the April 2022 memorandum of understanding for a pair of zero emission deepsea tankers vessels.

    With TotalEnergies as the Castor Initiative’s latest partner, the multinational coalition has added to its diverse circle of maritime expertise to ensure and support the complete ecosystem required for ammonia-fuelled tankers to operate sustainably and safely. As a leading energy major on a global scale, and its commitment to sustainability, TotalEnergies brings its extensive operational experience to this global alliance to support the maritime industry’s drive to decarbonisation. The experience and expertise of each Castor Initiative partner will be central to the success of the initiative, from conception to project realization.

    Jérôme Cousin, Senior Vice President Shipping, TotalEnergies said: “Among various decarbonized marine fuel alternatives, Ammonia could rapidly become a viable solution in the maritime sector while challenges remain to be addressed, in particular on the safety aspects. We are therefore enthusiastic to join the Castor initiative, one of the most comprehensive and ambitious project dealing with ammonia as a fuel today. As a multi-energy company committed to the energy transition, TotalEnergies will strive to bring its charterer perspective in this consortium of highly reputable industry players.”

    MISC President and Group CEO, Captain Rajalingam Subramaniam said: “Thank you TotalEnergies for this great leadership and collaboration towards achieving a common industry goal in shaping another decarbonisation pathway for the maritime industry, in a safe and efficient manner. I would also like to thank all the partners of The Castor Initiative for their steadfast commitment towards this global coalition. We have much to do to realise this mission, but today, we reached another milestone in our journey with TotalEnergies joining this global coalition, which is a huge recognition of the whole-of-society approach principle, on which we anchor our purpose of bringing zero emissions in shipping closer to reality.”

    LR Chief Executive Officer Nick Brown, said: “Efforts to decarbonise the maritime sector are forging ahead and collaboration among the Castor Initiative partners on ammonia-fuelled tonnage continues apace. We are delighted that TotalEnergies has joined our development project as its considerable industry experience and expertise will help to accelerate the partnerships’ goal of delivering safe zero-emission shipping in the middle of this decade.”

    Brian Østergaard Sørensen, Vice President, Head of Research and Development, Two-Stroke, MAN Energy Solutions, said: “MAN Energy Solutions welcomes TotalEnergies to the Castor Initiative. This coming together of such a broad variety of industry partners – each with their own expertise – can only be of great, mutual benefit as we advance the case for green ammonia as a sustainable fuel for maritime shipping on this path to decarbonisation.”

    SHI President and CEO Mr JinTaek Jung said: We are very delighted to have TotalEnergies join the Castor Initiative. We believe that TotalEnergies's diverse expertise in the energy and maritime shipping sector will be another enabling factor to the successful development of the ammonia-fuelled deep-sea tanker. We look forward to working with our new partner in this inspiring collective collaboration.

    Murali Srinivasan, SVP and Commercial Head of Yara Clean Ammonia said:
    “The clock is ticking for the decarbonization of the maritime sector. Within the Castor Initiative all partners in the value chain have made a significant commitment towards decarbonization and have been collaborating actively to achieve that goal. We are excited to welcome TotalEnergies to the initiative and look forward to jointly advancing ammonia as a credible and safe zero-carbon maritime fuel. TotalEnergies entering the existing partnership will create an acceleration of the consortium’s efforts toward the common goal of delivering zero-emission deep sea tankers in the near future.”

    MPA welcomes TotalEnergies’ participation to the Castor Initiative. The decarbonisation of the fleet and development of green ammonia supply chain and other hydrogen carriers to meet IMO targets will require the commitment of diverse stakeholders across the entire value chain. As the world’s top bunkering hub, Singapore will work closely with the industry to bring in green marine fuel supply chain, through consortiums such as the Castor Initiative and the green and digital shipping corridors, to enable the energy transition.” said Kenneth Lim, Assistant Chief Executive (Industry & Transformation), MPA.

    Jurong Port Chief Executive Officer, Terence Seow: “Jurong Port looks forward to TotalEnergies’ participation and contribution to complete the supply chain solution needed for ammonia-fuelled tankers to operate safely and sustainably. The consortium will be able to leverage on TotalEnergies’ technical capabilities & operational experience. To support the adoption of zero emission vessels, Jurong Port will work closely with the partners of The Castor Initiative to develop a robust and sustainable ammonia bunkering supply chain in Singapore.”

    To meet the International Maritime Organization’s (IMO) 2050 ambitions on halving greenhouse gas (GHG) emissions from 2008 levels, zero-carbon vessels need to enter the world fleet by 2030. This Joint Development Project has been motivated by the partners’ shared belief that the maritime industry needs leadership and greater collaboration if shipping is to meet the IMO’s GHG ambitions.

    While ammonia is one of the fuels being considered by maritime stakeholders, the partners also recognise that the shipping industry will need to explore multiple decarbonisation pathways and hope their collaboration will spur others in the maritime industry to work collectively on addressing this global challenge.


2023 February 2

11:40 Armada Technologies wins contract with Irish Ferries
11:20 India's Adani to invest in Israel after Haifa port takeover - Reuters
11:00 Stolt Tankers performs groundbreaking ship-to-ship methanol bunkering
10:34 ZIM introduces the new Thailand Fremantle Express service
10:14 MOL signs collaboration deal with Nagasaki Prefecture for shipbuilding-related industries and renewable energy projects
10:00 Oboronlogistics’ railway ferries delivered 72,700 t of cargo to Kaliningrad in January 2023
09:18 OPEC+ reaffirmed their commitment to the plan to reduce oil production by two million barrels per day

2023 February 1

18:07 Eleven offshore wind developers and the Carbon Trust to develop first industry-backed method for calculating life cycle carbon footprints
17:31 Ports of Stockholm cargo volumes decrease from 9.1 to 8.9 million in 2022
17:16 I/B Arktika escorted LNG tanker Eduard Toll along the Northern Sea Route
16:57 Port Saint John recieves two new post-Panamax cranes to the container terminal
16:10 Zero VAT rate to be set for ship repair yards investing in production development
15:44 DSME contracts TMC for BW LNG’s carriers
15:24 The Drewry Global Port Throughput Index up by 0.8% in December, but 1.6% lower year-on-year
15:04 KSOE wins 2.53 tln-won order for 12 methanol-fueled container ships - Yonhap
14:47 Aleksandr Masko appointed as General Director of Port One JSC and Transportation Assets Management LLC
14:32 KENC receives contract for design and build of lifting frame for US offshore wind projects
14:08 POSCO International breaks ground for 2nd LNG Terminal in Gwangyang, Korea - BusinessKorea
13:55 Nuclear-powered container carrier Sevmorput to make two round voyages between Saint-Petersburg and the Far East in 2023
13:21 Russia boosts LNG exports to Europe by 20% in 2022 – Refinitiv
13:02 Port of Los Angeles releases draft request for proposals on cruise terminal development
13:00 Russian Railways' network loading in January 2022 fell by 4.8% YoY to 99.2 million tonnes
12:41 Ningbo Containerized Freight Index decline in January 2023
12:13 Long-term ocean freight rates drop by 13.3% in January - Xeneta
11:58 Ministry for the Development of the Russian Far East and Arctic calls on facilitation of border crossing for RF-flagged cruise ships
11:42 PALFINGER awarded a contract by KNRM for twelve custom-built Rigid-Hulled Inflatable Boats
11:17 New Norwegian consortium plans develop a complete hydrogen value chain for Northern Xplorer AS first zero-emission cruise ship
10:49 7 berths to be repaired in the port of Makhachkala by the end of Q2’2023
10:41 Equinor leaves the Barents Blue project as agreement period ends
10:09 OSM is the first Greek ship owner and manager to partner with the Global Centre for Maritime Decarbonisation
09:31 MAN Energy Solutions signs MoU with SH Defence
09:17 FESCO dispatches a batch of electric cars from China to Russia for the first time
09:05 Capacity to increase on the main trade routes in 8 weeks post-Chinese New Year - Sea-Intelligence
08:06 SITC announces the delivery for M/V “SITC ANHE”

2023 January 31

18:02 NSSLGlobal wins coveted UK Ministry of Defence contract
17:28 Marubeni implements the first large-scale offshore wind power project in Japan at Akita Port and Noshiro Port
17:22 Total throughput of Chinese sea and river ports in 2022 climbed by 0.9% YoY
17:16 World’s oldest cruise ship sold for recycling - TradeWinds
17:10 King Abdullah Port registers 3.25% in container, 143% in break bulk and 108% in agri bulk in 2022
16:57 AMSA releases compliance strategy for next four years
16:31 January 2023 sees record-breaking fall in long-term container rates for ocean freight
16:25 Two sister vessels to join MISC’s eco-efficient LNG carrier fleet
15:24 WinGD and CMB.TECH co-develop large ammonia-fuelled engines
15:06 First cargo ship handled at Lugaport terminal in the port of Ust-Luga
14:45 Titan to retrofit two LNG carriers for bunkering in Europe - Ship & Bunker
14:13 Hapag-Lloyd revenues up to USD 36.4 billion in 2022
13:40 Oboronlogistics’ Sparta IV completed yet another voyage to the port of Tartus
13:24 Incident at the Pacific Entrance of the Panama Canal is under control
12:38 Economic efficiency of technologies for repair of hydraulic engineering facilities to be covered at dedicated event
12:15 Port of Valencia traffic decreased in all sectors in 2022
11:45 European Commission proposes $45/bl price cap for Russian fuel oil
11:42 Saint-Petersburg Governor signs law on ‘tax cash back’ for stevedoring companies
11:20 Four new Pacific International Lines container ships to benefit from integration of Wartsila solutions
11:05 IMO agrees draft revised Guidelines for the reduction of underwater noise from commercial shipping
10:54 ABS approves Bassoe Technology’s D-Floater floating wind foundation design for world’s largest turbines
10:34 Parliament vote positive step towards competitive ship finance in Europe - ECSA
10:14 NYK and Ghelia form business and capital alliance
09:59 Sevmash performs maintenance service of fourth-generation submarines
09:26 RF Government approves procedure for implementation of presidential order on measures in response to oil price cap

2023 January 30

18:37 Shell announces Executive Committee and Directorate changes