Despite all the efforts exerted by the governments and companies around the world to reduce carbon emissions and reach ambitious net-zero targets, the new 2023 Production Gap Report shows that global coal, oil and gas productions are still increasing while planned reductions are nowhere near enough
South Korean Hanwha Ocean, formerly known as Daewoo Shipbuilding and Marine Engineering (DSME), has held a steel-cutting ceremony for a new LNG carrier to be built for Norway-based gas shipping company BW LNG. The shipping company shared the update on its social media channels on November 10, 2023,
China Classification Society has issued approval in principle for a marine solid oxide fuel cell (SOFC) power generation system developed by CSIC No. 712 Institute.
LNG production and maritime transportation logistics provider Seaside LNG has entered into a term bunkering agreement with Carnival Corporation & plc to fuel Carnival Jubilee, the first LNG-powered cruise ship to call Galveston, Texas its homeport. Seaside LNG explained that its barge Clean Jacksonv
NYK Bulk & Project Carriers (NBP), a subsidiary of shipping major NYK Group, has joined forces with Corporación Nacional del Cobre de Chile (CODELCO), Oshima Shipbuilding Co. and Sumitomo Corporation to study, design and construct the world’s first ammonia dual-fuel Handymax bulk carrier.
Swedish electrofuel developer Liquid Wind, through its partnership with Alfa Laval, Carbon Clean, Siemens Energy, and Topsoe, has revealed plans for developing and marketing ten additional eMethanol facilities in the Nordics by 2027. The newly-announced plans build on the partnership that was initia
China Merchants Energy Shipping (CMES) has signed a long-term transportation agreement with a subsidiary of PetroChina for two of its LNG carriers under construction. According to a stock exchange filing, CMES signed the agreement with China Petroleum International (Hong Kong) on November 7, 2023. U
New York-based tanker company International Seaways has exercised options for two scrubber-fitted, LNG dual-fuel ready LR1 vessels at Korean shipbuilder K Shipbuilding Co. The options were lifted in October bringing the ordering tally to four LR1 newbuilds at the yard worth approximately $231 millio
Maritime fuel supplier Peninsula has marked the beginning of the operation of its newest LNG supply vessel Levante LNG in the Mediterranean. The 12,500 cubic meter vessel arrived at the Mediterranean at the end of September and is now fully operational in the Strait of Gibraltar and Western Mediterr
Norwegian shipping and logistic company Wallenius Wilhelmsen has ordered four methanol dual-fuel marine engines from German engine manufacturer MAN Energy Solutions. The engines are intended for the recently confirmed four 9,300 car equivalent unit (CEU) car carriers that will be built in China at t
MSC Cruises, the cruise division of Swiss shipping giant MSC Group, has reached a new milestone in the construction of its third LNG-fueled cruise ship, MSC World America. MSC World America, which is currently being built by Chantiers de l’Atlantique, was fitted with LNG tanks, the cruise company sh
Finnish technology group Wärtsilä and Shipping Corporation of India (SCI) have signed a Memorandum of Understanding (MoU) to explore options for converting at least two SCI’s vessels to be capable of operating on green methanol.
Swiss freight-trading organization Cargill Ocean Transportation has become the newest member of the Methanol Institute, a global trade association for the methanol industry. Founded in 1956 in Geneva, Cargill Ocean Transportation charters around 650 vessels worldwide. According to Rakhi Rastogi, Shi
Danish marine pump specialist Svanehøj Group revealed that it is being acquired by ITT Inc., a U.S.-based multi-industrial company, which is expanding its presence in the growing market for liquefied gas. Svanehøj specializes in the supply of marine fuel and cargo pumps, along with LNG/LPG tank gaug
