Danfoss Power Solutions’ Editron division has signed a contract with Cheoy Lee Shipyard to deliver the hybrid-electric marine drivetrain system powering two new hybrid-electric ferries.
Purus Marine, a rapidly expanding UK-based shipping company, has placed an order for four new LPG carriers with a capacity of 45,000 cubic meters each. The vessels will be equipped with scrubber technology and built by Hyundai Mipo in South Korea, with delivery expected from the second half of 2025
Classification society DNV has joined a working group that aims to develop a technical reference (TR) for methanol bunkering for Singapore, the world’s largest bunkering hub. DNV announced at Singapore Maritime Week that it joined the multi-stakeholder working group on methanol bunkering, managed by
Navigator Gas, owner and operator of handysize liquefied gas carriers, has entered into a secured term loan facility which includes sustainability and gender diversity-linked performance indicators. The company entered into the facility agreement with among others, Nordea Bank Abp, ABM AMRO Bank N.V
Toro Corp., a tanker spinoff of U.S.-Listed Castor Maritime, has entered into agreements with an unnamed third-party to acquire three 2015 Japanese-built 5,000 cbm LPG vessels and one 2020 Japanese-built 5,000 cbm LPG vessel. The aggregate purchase price for the four LPG vessels is $70.7 million. Th
XFuel, a sustainable drop-in fuels producer, has engaged DORIS, an engineering, advisory, and project management services company, to provide front-end engineering and design (FEED) support for its modular energy conversion facilities. DORIS said it will support XFuel’s in-house engineering team to
Five finalists have made it to the shortlist for the second Nor-Shipping Ocean Solutions Award after o a heated jury debate. The accolade aims to showcase breakthrough innovations at, or approaching, commercialisation stage. Daphne Technology won the inaugural prize in 2022, with this year’s winner
APM Terminals Pipavav, an all-weather port located just 152 nautical miles from Nhava Sheva, Mumbai, has revealed plans that will see an investment of around $90 million in a new liquid berth. The port’s current capacity to handle 2 MMT of liquid bulk will increase to 5.2 MMT. The investment support
Jiangnan Shipbuilding, a subsidiary of China State Shipbuilding Corporation, has delivered the world’s largest Very Large Liquefied Gas Carrier (VLGC) to Singapore-based shipping and trading company Petredec. This marks a significant milestone for the shipbuilding industry, as the 93,000 cubic meter
The UK-based Core Power has reached its $100 million funding milestone to develop new nuclear technology for the maritime industry. The funding has been provided by the shipping industry, shipyards, shipowners, charterers, etc, according to the company’s CEO, Mikael Boe, with a large share coming fr
Canadian naval architectural company Robert Allan and Turkish shipbuilder and tugboat operator Med Marine have signed a Memorandum of Understanding (MoU) to design electric and hybrid tugs.
New projects in the transformation of the offshore energy sector are here. In this process, the industry is dealing with the following questions: to provide energy that is secure, affordable and lower in carbon. The European Union (EU) and Norway recently formed a Green Alliance to strengthen their
Knutsen LNG France, a part of Knutsen OAS Shipping, has taken delivery of Grazyna Gesicka, a 174,000 cbm LNG carrier constructed by South Korean shipbuilder Hyundai Heavy Industries. In a brief social media update, Knutsen LNG France said the LNG carrier was delivered on 28 April, bringing its RIF F
Singapore-based integrated LPG company Petredec Global has secured a $ 315 million loan from a syndicate of international banks to finance six 93,000 cbm VLGCs with dual fuel LPG propulsion. The ships are on order at Jiangnan Shipyard (Group) Co. Ltd and are expected to deliver throughout 2023 and e
