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Wärtsilä unveils four new engines capable of running on methanol
Business Developments & Projects

Wärtsilä unveils four new engines capable of running on methanol

Finnish technology group Wärtsilä has revealed it will add four new methanol engines to its portfolio, including Wärtsilä 20, Wärtsilä 31, Wärtsilä 46F and Wärtsilä 46TS engines which will be capable of operating on methanol fuel.

about 2 years ago
bulker powered by ammonia
Business Developments & Projects

WinGD seals four-way partnership for CMB.TECH ammonia engines

Swiss marine power company WinGD has concluded a four-party agreement underwriting Belgian bulk carrier operator CMB.TECH’s order of X72DF-A ammonia-fuelled engines. CSSC Qingdao Beihai Shipbuilding (QBS) and engine builder CSSC Engine Co (CSE) have also signed the agreement for the joint undertakin

about 2 years ago
SK E&S and partners aim to build Korea’s largest low-carbon hydrogen plant
Business Developments & Projects

SK E&S and partners aim to build Korea’s largest low-carbon hydrogen plant

SK E&S, a part of South Korean conglomerate SK Group, has partnered with GE Vernova, Air Liquide Engineering & Construction, Chungcheongnam-do Government, and Korea Midland Power (KOMIPO) for the construction of the largest low-carbon hydrogen plant in Korea. To this end, SK E&S and its global partn

about 2 years ago
Dagda; Source: Wagenborg Foxdrill
Business Developments & Projects

Dutch player wraps up ‘masterpiece in offshore lifting’ with derrick removal ahead of platform conversion

Wagenborg Foxdrill has finished with an offshore lifting project, which entailed derrick removal for Perenco’s platform repurposing project.

about 2 years ago
Indian firm inks $5B MoU for decarbonization projects, including hydrogen
Business Developments & Projects

Indian firm inks $5B MoU for decarbonization projects, including hydrogen

India’s renewable energy company ReNew Energy Global has signed a memorandum of understanding (MoU) with the Asian Development Bank (ADB) to collaborate on climate change mitigation and adaptation projects, including green hydrogen. Specifically, the MoU, signed at COP28, identifies potential invest

about 2 years ago
Berge Bulk Olympus
Business Developments & Projects

IWSA: More wind-powered ships than large cargo vessels running on low and zero-carbon fuels

The International Windship Association (IWSA) has issued an open letter to the Heads of State and delegates at the 28th Conference of the Parties of the UNFCCC (COP 28), urging them to recognize the vital role of direct wind propulsion in the decarbonization of the maritime sector. This appeal, alig

about 2 years ago
Illustration. Source: Equinor
Business Developments & Projects

Norway still holds ‘valuable’ gas resources but uncertainty looms over development for some

The Norwegian Petroleum Directorate (NPD) has conducted a mapping of gas resources that have yet to be developed.

about 2 years ago
Snam completes purchase of FSRU BW Singapore to be deployed off Ravenna
Business Developments & Projects

Snam completes purchase of FSRU BW Singapore to be deployed off Ravenna

Italian energy player Snam has finalized the acquisition of the floating storage and regasification unit (FSRU) BW Singapore which will be deployed offshore Ravenna, Italy, contributing to the country’s energy security and diversification. On July 6, 2022, Snam and BW LNG signed the agreement for th

about 2 years ago
DNV okays DSIC’s LCO2 FSIU and LCO2 carrier designs
Business Developments & Projects

DNV okays DSIC’s LCO2 FSIU and LCO2 carrier designs

Classification society DNV has awarded two Approval in Principle (AiP) certificates to Dalian Shipbuilding Industry Co., Ltd. (DSIC) for the design of a 50,000cbm floating liquefied CO2 (LCO2) storage and injection unit (FSIU) and a 20,000cbm LCO2 carrier.

about 2 years ago
Shipping
Business Developments & Projects

Blue Mediterranean Partnership gains momentum with €1 billion investment pledge at COP28

The Blue Mediterranean Partnership, a collaborative initiative aimed at fostering a sustainable blue economy in the Mediterranean region, has received a substantial boost with key stakeholders, donors, and beneficiary country representatives signing a letter of intent at COP28, vowing to make the pa

about 2 years ago
Depsea Yantai rig; Source: Odfjell Drilling
Business Developments & Projects

Shell gets rubber stamp to deploy Odfjell Drilling-managed rig for ops in North Sea

Shell has received the green light to use an Odfjell Drilling-managed rig for plugging and abandonment activities in the North Sea.

about 2 years ago
South Wales
Business Developments & Projects

South Wales makes strong case for investment in CO2 shipping infrastructure

A new study released on December 4 demonstrates a strong economic case for public investment into CO2 shipping infrastructure in South Wales.

about 2 years ago
EcoCoaster
Business Developments & Projects

Methanol-ready ECOaster vessel design wins DNV’s green light

A methanol-ready ship concept developed in Oldenburg, Germany, has received Approval in Principle (AIP) from the international classification society DNV. The project is supported by the companies claus rodenberg waldkontor, Fehn Ship Management, Reederei Rörd Braren, and HB Hunte Engineering, which

about 2 years ago
SCZONE
Business Developments & Projects

SCZONE, Scatec ink $1.1 billion MoU for green bunkering in East Port Said

On the sidelines of COP28, a $1.1 billion memorandum of understanding (MOU) for green bunkering in Egypt has been signed.

about 2 years ago
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