South Korean shipping behemoth HMM has reportedly entered the fray in the race to acquire Hyundai LNG Shipping, the nation’s leading transporter of liquefied natural gas (LNG). Market reports indicate that HMM has made its intentions known to IMM Private Equity, expressing its desire to conduct due
European Marine Energy Centre (EMEC) has won funding, totalling over £500,000 (around $623,000), for four feasibility projects supporting green hydrogen innovation and development. More specifically, the funding is expected to be used to conduct feasibility studies supporting the development of nove
The world’s largest container shipping company Mediterranean Shipping Company (MSC) has signed a Memorandum of Understanding (Mou) with Lloyd’s Register (LR), Shanghai Merchant Ship Design & Research Institute (SDARI) and MAN Energy Solutions (MAN-ES) for a design for the ammonia dual-fuel operation
Singapore-based energy solutions provider Sembcorp Industries (Sembcorp) has revealed plans to develop a new multi-utilities centre which will include a 600 MW hydrogen-ready power plant on Jurong Island. According to Sembcorp, the new multi-utilities centre will supply power, steam, firewater and d
HaiSea Wamis, the world’s first fully electric harbour tugboat, has left Sanmar Shipyards, Turkey, and is now on its way to Seaspan in Vancouver, Canada. Shipping company Seaspan announced the news on its social media, informing that the tugboat left Sanmar late last week. Seaspan noted that the Hai
Authorization of the Alaska LNG project was lawful and reasonable, a U.S. appeals court ruled, dismissing environmental groups’ petition to review federal approvals. Alaska Gasline Development Corporation (AGDC) sought authorization to build and operate the $39 billion project that would produce up
The North Sea Transition Authority (NSTA) has offered 12 companies awards for 20 carbon storage licenses in the UK’s first-ever CO2 storage licensing round. The NSTA launched the UK’s first-ever carbon storage licensing round in June 2022, with applications closing in September. The 20 licenses in t
Marine fuel supplier Peninsula has confirmed the renewal of its syndicated European credit facility, reporting an increase from $350 million to $450 million. The supplier said that, together with the group’s Asian syndicated facility and other bilateral lines, the increase in the European credit fac
Southern hydrogen corridor or SoutH2 Corridor, a hydrogen-ready pipeline corridor connecting North Africa to central Europe, has received support from Italian, Austrian and German ministries of energy for its development in the European Union and for the respective infrastructure projects to obtain
Svitzer, a towage provider and part of A.P. Moller-Maersk, has awarded a contract to Uzmar Shipyard to build two new TRAnsverse tugs for its Australian business. According to Svitzer, the TRAnsverse tugs, created in collaboration with Robert Allan Ltd., deliver an estimated 10-15% reduction in fuel
Dutch energy storage systems provider EST-Floattech has been awarded a contract to provide Octopus Series battery system for a new electric fast ferry built for German Ferry operator AG Reederei Norden-Frisia.
DAI Infrastructure GmbH and Freepan Holdings Corp have entered a ten-year green ammonia purchase agreement. The companies signed a Memorandum of Understanding (MoU) according to which Freepan will offtake 800 000 TPA of green ammonia. According to DAI, the green ammonia will be produced in East Port
Cool Company (CoolCo), an owner, operator and manager of LNG carriers, has entered into a new time charter agreement for one of its TFDE vessels. The multi-year charter with an undisclosed energy major starts early next year, upon redelivery from the vessel’s current charter. It will add backlog thr
UK-based HVDC cable company XLCC has completed model testing on its new cable laying vessel (CLV) that was announced last year and which will be deployed in the renewable energy sector. The vessel will feature battery energy storage systems and shore power to reduce fuel consumption and has been des
