Prominent American financial institution JP Morgan has placed an order for two advanced dual-fuel methanol carriers with China’s Guangzhou Shipbuilding International (GSI). The two methanol-powered product tankers each boast a capacity of 50,000 deadweight tons (dwt), according to the data from Athe
Classification society DNV has issued an approval in principle (AiP) to MISC Berhad and Samsung Heavy Industries (SHI) for their floating CO2 storage unit (FCSU) that aims to enhance the efficiency of the carbon capture and storage (CCS) value chain within the maritime industry. MISC and SHI jointly
Aker BP, Aker Solutions, and Subsea 7 have started the work on the first of three seabed installations for huge oil & gas projects.
Tel Aviv-based maritime technology company Orca AI has revealed that it will participate in the second development stage of the MEGURI2040 full autonomous ship project administered by Japan’s Nippon Foundation.
MAN Energy Solutions has been hired to provide seven compressor units for three new offshore oil and gas production platforms.
Finnish marine technology supplier Wärtsilä and Swedish shipping company Furetank are co-developing and testing two technologies showing the potential to halve the methane slip of LNG-fueled ships. Methane slip on LNG-powered vessels refers to the unintentional release of methane, a potent greenhous
The Port Authority of Valencia (APV) has revealed that 42 private companies have voluntarily aligned themselves with the environmental strategy “Valenciaport 2030 Zero Emissions”.
A collaborative renewable subsea power project, run by Mocean Energy and Verlume, alongside Baker Hughes, Serica Energy and others, has completed an initial four-month test program and secured extension for further testing in the North Sea.
AAL Shipping, part of investment company Schoeller Holdings, has held a steel-cutting ceremony for teh fourth Super B-Class dual-fuel-ready heavy lift multipurpose vessel (MPV).
Woodside has received a stamp of approval from the Mexican regulator, Comision Nacional de Hidrocarburos (CNH), for a field development plan (FDP) covering a deepwater oil project in the Perdido basin in the Gulf of Mexico.
TGS is working on securing an award for multi-year ocean bottom node (OBN) projects in the Gulf of Mexico with an undisclosed company.
Hong Kong shipowner Wah Kwong Maritime Transport Holdings has taken delivery of a new Ultramax bulk carrier which will be built as a ‘liquified natural gas (LNG) ready’ vessel.
Engineering and technology company Technip Energies has secured a contract with energy major BP for a hydrogen production unit at BP’s Kwinana biorefinery in Western Australia, in support of the planned project to produce sustainable aviation fuel (SAF) and biodiesel from bio feedstocks. The contrac
COSCO SHIPPING Heavy Industry Technology (Weihai) has won test approval clearance for the company’s ammonia fuel supply system prototype. The marine product test approval was awarded by the China Classification Society (CCS) Qingdao Branch after the system successfully cleared its acceptance test. T
