Norway's biggest construction company Veidekke has axed a high-profile plan to offer long-term charters to a Norwegian shipowner, which would have backed the construction of two hydrogen-propelled small bulker newbuildings for the coastal trades.

Meanwhile, however, other Norwegian charterers including HeidelbergCement and Felleskjopet Agri are going ahead with projects aimed at decarbonisation and renewal in the ageing coaster segment, and others wait in the wings.