The Isle of Man-based ExoTechnologies, the owner of Glasgow boat builder Ultimate Boats, and Arizona-based hydrogen car and truck maker RONN have entered a hydrogen propulsion partnership. The companies, which signed a Letter of Intent (LoI), are expected to develop clean hydrogen electric propulsio
Europe and the United States have set in place a number of funding programs designed to boost and accelerate the development of a very diverse ‘clean energy sector’, which is being backed by significant initiatives from the major players coming from the more established maritime and oil and gas indu
Chinese powerhouses Cosco Shipping Energy and Sinopec Kantons Holdings, a subsidiary of China Petroleum & Chemical Corporation (Sinopec), have signed an order for the construction of three 175,000 cbm liquified natural gas carriers with the compatriot shipbuilder Dalian Shipbuilding Industry Co. Det
Northern Lights, a joint venture (JV) of energy majors Shell, Equinor, and TotalEnergies, has placed an order for the third LNG-powered, wind-assisted CO2 carrier at China’s Dalian Shipbuilding Offshore Co. (DSOC).
Canadian renewable energy company World Energy GH2 has been granted approval of Crown land application by the province of Newfoundland and Labrador for its large-scale green hydrogen project – Project Nujio’qonik. The company said that the land approval marks its latest major achievement and propels
GasLog, owner and operator of LNG carriers, has decided to equip its entire fleet with a smart shipping solution from GTT Group brand, Ascenz Marorka. Under the contract with GasLog, Ascenz Marorka will equip the shipowner’s entire fleet of more than 35 LNG carriers with its Smart Shipping solution.
Japanese companies Mitsui & Co., Mitsui Chemicals, IHI Corporation and The Kansai Electric Power Co. have signed a memorandum of understanding (MoU) to execute a joint study to establish a hydrogen and ammonia supply chain based in the Osaka coastal industrial zone. Under the MoU, the four companies
Jiangnan Shipbuilding, a subsidiary of China State Shipbuilding Corporation, has launched a 7,600 CEU liquefied natural gas (LNG) dual-fuel vehicle carrier being built for SAIC Anji Logistics, a subsidiary of China’s automobile manufacturer SAIC Motor. The ship was ordered back in 2022 as part of a
Hong Kong-based shipowner Seaspan has taken delivery of the fifth 15,000 TEU containership powered by liquified natural gas (LNG) from South Korean shipbuilding company Samsung Heavy Industries (SHI).
The financial cost of building an ammonia-powered gas carrier is poised to outstrip that of an equivalent gas carrier by a staggering 50 to 130 percent over the forthcoming years. The estimate builds upon findings from interviews with actors across the ship finance space including banks, funds, priv
Petrobras has teamed up with Chinese companies to bring its strategic five-year plan to life and prepare for a more sustainable future.
Hamburg-based asset and investment manager MPC Capital AG has held a christening ceremony for two green methanol-ready containerships at renowned shipyard HJ Shipbuilding & Construction.
The European Commission (EC) has published terms and conditions for its upcoming pilot auction dedicated to European renewable hydrogen production under the umbrella of the EU Hydrogen Bank. The auction is funded by the Innovation Fund and is intended to open on 23 November 2023. It will award up to
Oman LNG has signed binding term sheet agreements with Shell International Trading Middle East FZE and OQ Trading for the supply of more than 1.5 million tonnes per annum (mtpa) of LNG. The company announced the signing of the two agreements on 30 August via social media update. The first agreement
