Provaris Energy has received firm commitments to raise $1.9 million from a share placement to existing and new investors to fund the construction and testing of the hydrogen prototype tank in Norway. According to Provaris, the placement will comprise the issue of 47.5 million new fully paid ordinary
Transport and logistics company Bolloré Logistics has launched SEAalternative, an offer to reduce the carbon impact of ocean shipments thanks to the use of biofuel.
Azane Fuel Solutions, a Norwegian company developing an ammonia bunkering terminal, has signed a Memorandum of Understanding (MoU) with US-based ammonia power solutions company Amogy Inc. to explore the technical and commercial feasibility of using Amogy´s ammonia-to-power system on board an Azane-d
‘Green’ ships accounted for 83% of container carrier capacity ordered in the first nine months of 2023, according to the data from Alphaliner. The newbuilding surge saw the addition of 187 vessels, equivalent to 1.75 Mteu of fleet capacity. Notably, carriers themselves have predominantly initiated t
Lloyd’s Register (LR) classification society is joining hands with Greek shipowner Capital Gas Ship Management (Capital) and South Korean shipbuilding major Hyundai Mipo Dockyard (HD HMD) on the construction of two ammonia-ready 22,000m3 low-pressure LCO2 carriers set to be delivered in 2025 and 202
EU’s PCI list entails grid upgrades and the buildout of more hydrogen, green electricity, and carbon capture, utilization, and storage (CCUS).
Swedish marine propellers manufacturer Berg Propulsion has won a deal to provide control and propulsion technology for Buksér og Berging’s hybrid tug that is being built by Türkiye’s Uzmar Shipyard. Berg has been contracted to provide the full electrical power and control package for the Robert Alla
Pilbara Clean Fuels (PCF), Oceania Marine Energy, and Italy’s classification society RINA have signed a Memorandum of Understanding (MoU) to develop an ‘end-to-end’ low-carbon profile LNG production and marine vessel bunkering capability concept for the port of Port Hedland. The three companies plan
Indian defense shipyard Garden Reach Shipbuilders and Engineers (GRSE) has signed a Memorandum of Understanding (MoU) with Shift Energy Group, SeaTech Solutions International Pte Ltd, and the American Bureau of Shipping (ABS) to develop Electric Tugs, named E-VOLT 50. The deal is part of India’s amb
Italian shipbuilder Fincantieri has launched Mein Schiff Relax, the inaugural vessel of the inTUItion class, a series of two LNG dual-fuel cruise ships being built for TUI Cruises, a joint venture between TUI AG and Royal Caribbean Cruises. The vessel, utilizing Liquid Natural Gas (LNG) and Marine G
Danish industry major A.P. Møller – Maersk A/S has bid adieu to its stake in Höegh Autoliners ASA, selling the remaining 10.48% of the company’s shares. The deal, valued at a cool NOK 1,800 million, went down at NOK 90.00 per share, totaling a massive 20 million shares in the transaction. With the i
Norwegian RoRo shipping company Höegh Autoliners announced the arrival of the main engine for the first car carrier vessel of its Aurora Class newbuilds. The engine, produced in Ulsan, South Korea, has completed its journey to the China Merchants Heavy Industry shipyard in Jiangsu, China, setting th
German liquefied gas systems’ provider TGE Marine has won a contract to provide the LNG containment, fuel gas supply and its proprietary boil-off-gas (BOG) Recondenser systems for four PCTCs on order with a consortium of shipowners including Oslo’s Gram Car Carriers ASA and Reederei Laeisz.
German engine manufacturer MAN Energy Solutions (MAN ES) has revealed that a dual-fuel version of its MAN 175D high-speed engine, capable of operating on methanol, will be available by the end of 2026.
