Marine
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South Korean Shipbuilders Win $1.1 Billion in Orders
Major South Korean shipbuilders HD Hyundai, Hanwha Ocean and Samsung Heavy Industries secured a total of approximately $1.1 billion in new orders in a single day, it was reported.
The article explains that demand for LNG carriers and high-value vessels remains strong. It also states that demand for low-carbon, high-efficiency ships is growing due to stricter environmental regulations.
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Oil Crisis Makes Drivers Reconsider Electrics
The US-Israeli attack on Iran, and Iran’s retaliation has caused a massive rise in the costs of petrol and diesel. In the UK, petrol is up around 30% and diesel is up around 50%. In the USA, average gas prices were up by 33% in early April
There seems to be a never ending cycle of oil-related problems. In 2008, supply, demand and speculation caused a massive price hike. In 2022, Russia invaded Ukraine causing another oil price hike. And now, the US-Israeli attack on Iran has driven yet another price hike. The fundamental problem is that transportation remains totally dependent on oil, and oil prices are set by a very volatile global market.
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Yanmar To Build Plant for Marine Hydrogen Engines

Akihiro Komuro Yanmar Power Solutions is advancing the development of engines that are compatible with next-generation fuels. In anticipation of future increased production volumes of marine and land-based engines, the company has acquired a site in Amagasaki City, Hyogo Prefecture.
The new plant will be used to conduct test runs of marine hydrogen engines and to reorganize and strengthen production capabilities, including those of existing plants. The new plant is scheduled to begin operations about March 2029.
In the marine industry, there are ongoing efforts to develop and commercialize decarbonization technologies with the aim of achieving carbon neutrality by 2050. Leveraging its expertise in engine development and production, Yanmar Power Solutions plans to develop powertrains compatible with next-generation fuels, including hydrogen, methanol and ammonia, and establish production systems to support them.
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Ammonia-Fueled Marine Engine Approved
Swiss marine power company WinGD says it has completed both Type Approval Testing (TAT) and Factory Acceptance Testing (FAT) for its ammonia-fueled two-stroke marine engine, marking what it described as a world first.
The tests were completed in January 2026 on the X52DF-A-1.0 engine at the Engine & Machinery Division of HD Hyundai Heavy Industries (HHI-EMD) in South Korea, witnessed by Lloyd’s Register together with representatives from major classification societies and under the supervision of EXMAR.
The 52-bore engine is scheduled to be installed on a 46,000 m3 LPG/ammonia carrier ordered for EXMAR. According to WinGD, the vessel series is expected to become the first ammonia-fueled gas carriers to enter commercial service, representing an important step in the shipping industry’s decarbonization efforts. The company said the development program demonstrated strong safety, reliability and performance results under a fuel pathway widely viewed as one of the more promising zero-carbon options for long-distance marine transport.
WinGD said the X-DF-A engine uses high-pressure ammonia injection with a pilot fuel dose of around 5% at full load, while delivering load handling, dynamic response and fuel efficiency comparable to equivalent diesel-fueled X-Engines in both ammonia and diesel modes. The company also said emissions results were encouraging, including NOx levels during ammonia operation that were below those generated in diesel use, alongside negligible contribution of N2O to the overall greenhouse gas emissions footprint. WinGD added that it has already secured an early orderbook of around 30 X-DF-A engines across multiple vessel segments.Source: WinGD
Many alternative-fuel projects still sit at the concept or pilot stage. This one is different because it was executed on an engine destined for an actual commercial vessel program, under classification-society supervision and in cooperation with a yard ecosystem that can industrialize the result.
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Boot 2026 Shows Strong Shift To Outboard Power

Natasa Mulahalilovic Boot Düsseldorf 2026 welcomed more than 200,000 visitors over nine days (Jan. 17-25) and hosted about 1,500 exhibitors from 120 countries. The show was about the same size as that of the 2025 event, but last year’s show drew exhibitors from only about 67 countries.
Boot once again confirmed its position as the world’s leading indoor boat show. The event covered the entire spectrum of the marine industry, including motorboats, yachts and superyachts, catamarans, sailing boats, outboard and electric boats, engines, power generation systems, equipment and components, as well as touristic services, charter companies, and boating clubs.
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2026 Superyacht Market Features Steady Growth
The superyacht industry enters 2026 in a phase of measured growth, supported by strong fundamentals. After several years of rapid expansion, the market is stabilizing and becoming more strategic, rather than slowing down. The global superyacht market reached approximately USD 21.6 billion in 2025 and is projected to grow to USD 45.16 billion by 2032, reflecting sustained long-term confidence in the sector. Today, more than 5,000 superyachts over 24 meters are in operation worldwide.
In 2025, 470 superyachts were sold globally, marking a 19.8% increase compared to 2024. Around 250–300 newly built yachts were delivered, including 10 yachts over 100 meters, a record year. Approximately 45% of market demand comes from charter activity, highlighting the importance of commercial readiness and high-quality guest experiences.
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Boot 2026 Shows Shift To Outboard Power

Natasa Mulahalilovic Boot Düsseldorf 2026 welcomed more than 200,000 visitors over nine days (Jan. 17-25) and hosted about 1,500 exhibitors from 120 countries. The show was about the same size as that of the 2025 event, but last year’s show drew exhibitors from only about 67 countries.
Boot once again confirmed its position as the world’s leading indoor boat show. The event covered the entire spectrum of the marine industry, including motorboats, yachts and superyachts, catamarans, sailing boats, outboard and electric boats, engines, power generation systems, equipment and components, as well as touristic services, charter companies, and boating clubs.
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Alternative Power Report, January 2026
In the January 2026 issue of the Alternative Power Report produced by Power Systems Research and authored by Guy Youngs, you'll find articles on Tesla's very weak 2025 sales in Europe, CATL's winning position in the shipping electrification race, CATL's upgrade to its sodium-ion battery, and the possibility that China is running out of critical battery materials. Read these articles and more in the January Alternative Power Report today.&n…
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CATL Winning Shipping Electrification Race
CATL’s batteries and energy management systems are already operating in roughly 900 ships and vessels, a figure that on its own should reframe how maritime decarbonization is discussed.
Shipping is, by its nature, conservative for structural reasons tied to safety, long asset lifetimes, and unforgiving certification regimes, so deployment at this scale signals that electrification is no longer a pilot exercise but operating infrastructure.
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Marine Hydrogen Engine Project Aims for 2028

Akihiro Komuro The New Energy and Industrial Technology Development Organization (NEDO), Kawasaki Heavy Industries, Yanmar Power Solutions, and Japan Engine Corporation have announced the installation of new liquefied hydrogen fuel supply equipment for demonstration purposes, as well as the start of land-based operation of marine hydrogen engines.
This is part of a project commissioned by NEDO’s Green Innovation Fund/Next-Generation Ship Development Project. Three purely domestic engine manufacturers have formed a consortium: Kawasaki Heavy Industries, Yanmar Power Solutions, and Japan Engine.
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