South Korean shipbuilding giant HD Hyundai has developed its own low-carbon electric propulsion system for very large crude carriers (VLCCs).
Major energy transition-related updates came from Nordic countries this week. An energy island for large-scale green hydrogen and offshore wind production has been proposed in Åland (Finland). Denmark has just selected winners of its first Power-to-X tender. The first containership to be powered by
A total of 14 orders for methanol-powered ships were recorded in October as demand for alternative fuels in the maritime industry continues to rise in line with the ever-stringent regulatory landscape, data from DNV’s Alternative Fuel Insights (AFI) database shows. Some of the most recent orders saw
Yara Eyde, which has been described as the world’s first containership to be powered by pure ammonia as fuel, is scheduled to enter the market in 2026, according to its developers. The vessel is being developed by ammonia producer and shipowner Yara Clean Ammonia and the Norwegian container operator
German energy company Uniper and New York-headquartered ammonia plants developer First Ammonia have agreed to cooperate on a green ammonia project in the port of Victoria, Texas. The parties revealed their plans to cooperate on October 30 at the US-German Hydrogen Conference in Berlin. As part of th
Finland-based shipping company Langh Ship has taken delivery of the first out of three new multipurpose (MPP) dry cargo vessels.
Ammonia distributor Yara Clean Ammonia, a subsidiary of Yara International, and shipowner Höegh Autoliners, both Norwegian companies, have agreed on a future supply deal for clean ammonia. Höegh Autoliners noted that the partnership follows separate initiatives in both companies in two important par
Japan-based trading company Itochu Corporation has signed a Memorandum of Understanding (MOU) with global engineering and construction contractor Orascom Construction on the development of ammonia bunkering in the Suez Canal, Egypt. Orascom Construction has extensive experience in the energy transit
Energy company Aker Horizons has been allocated a grid capacity of 250 MW for its large-scale green ammonia plant under development in Kvandal outside Narvik and 120 MW for its facility in Berlevåg, both in Northern Norway, by system operator Statnett. The company said the grid capacity in Kvandal w
Hydrogen Canada Corporation (HCC) has closed its C$10 million seed round financing and signed a letter of commitment on an offtake agreement with South Korea-based E1 Corporation (E1), to develop a low-carbon hydrogen/ammonia supply chain from Western Canada to South Korea and other Asian markets. I
Japanese shipping company NYK has started the conversion of the liquefied natural gas (LNG) fueled tugboat Sakigake to an ammonia-fueled tugboat at Oppama factory of Keihin Dock Co.
Japanese company Mitsui & Co. has signed an agreement with the Fukui prefectural government and Hokuriku Electric Power Company to conduct a joint feasibility study on the development of a hydrogen and ammonia supply chain using floating storage and regasification unit (FSRU) in the port of Tsuruga.
Fortescue, a global green energy, metals and technology company, has invested close to NOK 100 million ($8.9 million) to become a shareholder in Norwegian Hydrogen. The investment will see Fortescue acquire a 12.5% ownership interest in Norwegian Hydrogen, becoming the third largest shareholder. For
Norwegian clean energy company Horisont Energi has signed a Letter of Intent (LoI) with its compatriot Barents NaturGass for a long-term purchase agreement of up to 100,000 tons annually of clean ammonia from Horisont Energi’s and Fertiberia’s Barents Blue plant. Under the LoI, the two companies wil
