Chinese shipping company China Merchants Energy Shipping (CMES) has moved forward with fleet expansion plans by signing contracts for the construction of two massive liquefied natural gas (LNG) carriers and two Aframax crude oil tankers. Dalian Shipbuilding has secured the shipbuilding contracts for
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
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
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
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
Dutch shipowner and operator Royal Wagenborg has revealed that one of its F-class vessels achieved a 68 per cent reduction of greenhouse gas (GHG) emissions while using biofuel during its first Transatlantic voyage.
The International Chamber of Shipping (ICS), which represents over 80% of the world’s merchant fleet, has submitted detailed proposals for the next round of IMO negotiations set for July this year with the aim of increasing decarbonization targets and setting a course for a net-zero future. The subm
Quadrise Plc, a supplier of energy solutions, and Vertoro BV, biorefinery specialists, have provided an update on their collaboration to develop a cost-effective supplement or alternative to glycerine in Quadrise’s bioMSAR™ fuel. Quadrise informed it has produced stable blends of bioMSAR™ containing
Swedish sustainable solutions provider Alfa Laval has been contracted to provide FCM Methanol the low-flashpoint fuel supply system (LFSS) for four methanol-fuelled mega boxships.
Oil and gas major ExxonMobil has signed an agreement to supply German liner major Hapag-Lloyd with B30 marine biofuel oil in the Amsterdam-Rotterdam-Antwerp (ARA) region. Biofuel is an important part of Hapag-Lloyd’s sustainability journey as biofuel blends can give a meaningful contribution to deca
Dutch shipping company Future Proof Shipping (FPS) has launched the first hydrogen-powered zero-emissions inland container ship, H2 Barge 1, in Rotterdam, the Netherlands. The official launch of H2 Barge 1 took place in Rotterdam on 25 May. Future Proof Shipping’s zero-emissions 110m x 11.45m inland
Ascenz Marorka, a GTT Group brand, has been awarded two contracts by Jovo, a China-based clean energy service provider, to equip two LNG carriers with its ‘Smart Shipping’ solution. According to GTT, a French LNG containment specialist, the contracts cover the installation of automatic data collecti
