Norwegian shipowner Ocean Yield has finalized the terms of its previous announcement on the acquisition of up to ten ammonia-ready Newcastlemax dry bulk newbuildings. Namely, in its latest announcement, the company said it had agreed with the charterer to finalize the transaction scope at eight or n
Japanese battery startup PowerX Inc. has unveiled a detailed design of the first-ever battery tanker at the Bariship International Maritime Exhibition held in Imabari City in Japan.
TotalEnergies has secured a license extension offshore Nigeria, which will enable it to further develop the hydrocarbons in the block.
The global energy players are burning the midnight oil in pursuit of low-carbon solutions to curb emissions and enrich the energy mix.
Gate LNG terminal, a joint venture of Dutch companies Vopak and Gasunie, has announced that energy majors BP and PetroChina International London Co. Ltd will each separately acquire two billion cubic metres (BCM) per year of regasification and corresponding storage capacity. Gate terminal informed t
To boost its efforts in the production and use of green hydrogen and ammonia as low-carbon energy sources, Singapore-based Keppel Corporation has joined the Central Queensland hydrogen (CQ-H2) project consortium to develop a large-scale green hydrogen project in Australia and signed a Memorandum of
Danish shipping company Norden has entered into an agreement to acquire Thorco Projects, a business specializing in general cargo segments such as break bulk, steel, and wind energy. This strategic move marks Norden’s expansion into new markets including the wind energy segment, which is a growing s
LS Cable & System has signed a subsea cable agreement with Denmark’s Ørsted for the Greater Changhua 2b and 4 offshore wind projects in Taiwan. The contract announcement follows Ørsted’s final investment decision for the projects, taken in March 2023. The wind farms are now under construction and ar
The LHD tidal current energy demonstration project, being developed near Xiushan island in China’s Zhejiang Province, has exceeded 60 months of continuous operation.
DP World cut direct carbon emissions from its global operations by 5% last year, according to its latest Environmental Social and Governance (ESG) report, reflecting progress towards its 2040 carbon-neutral target.
Swedish shipping company Erik Thun Group is investing $3.34 million in the installation of battery packs on nine of its existing vessels in the dry cargo fleet. The ship owner explained that by installing battery packs and making the shore power connection smoother for the vessels, the need to use t
The California State Senate has unanimously approved a bill that aims to put the state on the path to developing wave and tidal energy as a new source of renewable energy that will help meet its carbon-free targets while bolstering the power grid.
French LNG containment specialist GTT has signed a technical services agreement (TSA) with the shipping and maritime company Eastern Pacific Shipping (EPS) and its LNG affiliate CoolCo. As part of the agreement, GTT is expected to support EPS and CoolCo with the maintenance and operation of a global
UK-based XLCC has secured detailed planning approval to build what is said to be the UK’s first HVDC cable factory, located in North Ayrshire, Scotland. North Ayrshire Council Planning Committee granted full planning permission for XLCC’s HVDC subsea cable manufacturing operations in Hunterston, Sco
