Danish shipping giant A.P. Møller–Maersk has revealed its plans to invest more than $500 million to expand its supply chain infrastructure in Southeast Asia.
The number of green corridor initiatives around the world went from 21 to 44 over the past year, according to the findings of the 2023 Annual Progress Report on Green Shipping Corridors released by the Global Maritime Forum. The report finds that there is a ‘substantial maturation’ among existing co
French LNG containment specialist GTT and Chinese shipyard COSCO Shipping (Qidong) Offshore, a subsidiary of shipping and logistics company COSCO Shipping, have signed a technical assistance and license agreement (TALA) for the construction of GTT membrane containment systems. Specifically, this agr
Mein Schiff 7, a methanol-ready cruise ship ordered by Hamburg-based cruise company TUI Cruises, has been launched in Finland.
Tanker operator Maersk Tankers has confirmed that it has ordered up to ten very large ammonia carriers (VLACs) at Hyundai Samho Heavy Industries in Korea. The order has been placed by an affiliated company of Maersk Tankers, validating previous media reports. As disclosed, Japanese company Mitsui &
Dutch tank storage company Vopak and compatriot energy network operator Gasunie have completed the principle agreement whereby Vopak becomes a 50% shareholder in EemsEnergy Terminal, an LNG import terminal in Eemshaven in the Netherlands. Vopak and Gasunie announced the principle agreement in April
Dubai-based port operator DP World has joined the First Movers Coalition (FMC), setting a target of 5% of its marine power to come from hybrid engines and zero-emission fuels by 2030.
The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, the U.S. Department of State, the U.S. Department of Energy, and the Danish Government have joined forces to resource and execute pre-feasibility studies for green corridors in five countries in the Global South, as announced on Friday at C
Indonesia’s PT Pertamina International Shipping (PIS), a subsidiary of PT Pertamina (Persero), and Turkey’s Karpowership have formalized a general partnership agreement (GPA) to develop sustainable energy infrastructure in Indonesia. Under the GPA, which was formalized during the COP28 in Dubai on F
Danish energy company Ørsted has secured support from the EU-Catalyst Partnership, which consists of the European Commission (EC), Breakthrough Energy Catalyst, and the European Investment Bank (EIB), for its FlagshipONE project, also known as Europe’s largest e-methanol plant. On December 1, at COP
The Chief Executive Officers (CEOs) of leading global shipping lines have issued a joint declaration at COP 28 calling for an end date for fossil-only powered newbuilds and urging the International Maritime Organization (IMO) to create the regulatory conditions to accelerate the transition to green
A new report by the Institute for Energy Economics and Financial Analysis (IEEFA) has found that South Korea is rapidly developing liquefied natural gas (LNG) import and storage terminals, presenting a high risk of overinvestment and overcapacity. According to IEEFA estimates, the country’s LNG indu
Brazilian mining giant Vale, working in partnership with Oldendorff Carriers, has kick-started its first biofuel voyage on a bulk vessel. The trial is taking place on an Oldendorff vessel performing a laden Vale voyage from Brazil to Asia, carrying a full cargo of iron ore. The Hinrich Oldendorff, b
The consortium behind the LOHC for Hydrogen Transport from Scotland (LHyTS) project, which aims to establish a hydrogen export route from Scotland to Rotterdam via liquid organic hydrogen carrier (LOHC), has conducted engineering studies targeted at developing a pilot project as a precursor to large
