Dutch producer and distributor of hydrogen-based products OCI Global has revealed plans to double its green methanol production capacity to approximately 400,000 metric tons per year in response to the growing demand for green methanol from numerous high-emissions industries, including shipping. Acc
Swedish shipping company Furetank and its Canadian counterpart Algoma Central Corporation have expanded their FureBear joint venture, launched a year ago, with the order for two additional Vinga-class vessels. The new order for Vinga series vessels grows the FureBear joint venture to a total of ten
Japan-headquartered Sumitomo Electric has chosen the location for its planned power cable factory in Scotland, announced earlier this year as part of the company’s goal of expanding its business in Europe. Sumitomo Electric announced in April the plans to establish a power cable factory in Scotland
Two titans of the global maritime and logistics industry, Crowley and SEACOR Holdings, through its subsidiary Seabulk Tankers, have joined forces to create a joint venture Fairwater Holdings LLC, a new, independent U.S. Jones Act service provider. The new company integrates the duo’s liquid energy a
TotalEnergies is laying the groundwork to make a final investment decision (FID) for a large oil project in Block 58 offshore Suriname by the end of 2024.
C2X, a new, independent company, backed by A.P. Moller Holding, the controlling shareholder of the A.P. Moller – Maersk, one of the world’s largest shipping and logistics companies, has unveiled plans to build large-scale green methanol production facilities. The move follows a successful fundraisin
Greek shipping giant Sea Traders has placed an order for four state-of-the-art Kamsarmax vessels from the Qingdao Yangfan shipyard in China, according to shipbroker reports. The four 82,000 dwt Kamsarmax vessels will adhere to the stringent NOx Tier III and EEDI Phase 3 regulations. These regulation
Russia’s President Vladimir Putin has visited the Zvezda Shipbuilding Complex, located in Bolshoi Kamen, Primorsky Territory, taking part in the naming ceremony of two reinforced ice-class carriers. The first vessel, the shuttle tanker, built by the order of Rosnefteflot, was named after the Soviet
The world’s first container vessel powered by green methanol has arrived in Copenhagen after completing a 21,500 km maiden trip from Ulsan, South Korea. The 2,100 TEU boxship was assisted into the port of Copenhagen by Svitzer’s tugs and the container ship docked in the Toldboden area of the Copenha
Mammoet has performed jacking, load-out and float-over operations for a 19,600-tonne offshore platform destined for BP’s project in the Caspian Sea, offshore Azerbaijan.
The world’s first methanol-fueled hybrid RoRo vessels, being built at the China Merchants Jinling Shipyard (Weihai) for the Swedish shipping company Stena RoRo, will use technology group Wärtsilä’s solutions. Specifically, Wärtsilä will supply an integrated hybrid propulsion system for the two vesse
ProSep has secured a contract for produced water treatment on Aker BP’s new central processing and wellhead platform (PWP) in the North Sea off Norway.
Japanese shipping major Mitsui O.S.K. Lines (MOL) has held a naming and launching ceremony for Japan’s first hybrid passenger ship, which uses hydrogen and biodiesel fuels.
National Grid Electricity Transmission (NGET) and SP Energy Networks have selected preferred grid suppliers for HVDC converter stations for the 2 GW Eastern Green Link 1 (EGL1) subsea electricity superhighway. The 525kV, £2.5 billion HVDC link will connect Torness in East Lothian, Scotland, to Hawth
