South Korean shipbuilding major Korea Shipbuilding & Offshore Engineering (KSOE) has won an order for the construction of twelve very large container ships from an unnamed European shipping company. The vessels will be built by KSOE’s subsidiary Hyundai Samho Heavy Industries and the contract is wor
In its latest report, technology company IDTechEx has forecasted accelerated adoption of green fuel cells, notably hydrogen fuel cells, in marine markets. The maritime sector, which accounts for approximately 2.9% of global carbon emissions, is seeking to meet broader climate goals such as the Paris
Damietta LNG plant in Egypt, a joint venture between Italy’s Eni and Egypt’s EGAS, has produced and loaded its 500th LNG cargo since the operation start-up in 2005. Damietta LNG is one of two LNG export plants in Egypt with a capacity to produce up to 5 million tons of LNG per year. Italian energy c
Pilbara Ports Authority (PPA) has signed a Memorandum of Understanding (MoU) with the Port of Himeji to boost renewable energy trade opportunities between Western Australia and Japan.
Taiwanese bulk carrier company U-Ming Marine has taken delivery of its third 190,000-ton dual-fuel LNG bulk carrier from Chinese shipbuilder Shanghai Waigaoqiao Shipbuilding. According to a statement from the shipbuilder, the vessel named Ubuntu Integrity was delivered on 31 January. The length of t
The global market for oil and gas contractors is expected to rise to a peak of $1 trillion in 2025 and remain at high levels for several years, according to a report by energy intelligence group Rystad Energy. For the 2022-2028 period, overall oil and gas spending is anticipated to stay above $920 b
Singapore-based tanker owner and operator Hafnia has kicked off the year with the delivery of the first of four new dual-fuel LR2 product tankers. Guangzhou Shipbuilding International (GSI), a subsidiary of China State Shipbuilding Corporation, delivered the LNG-powered Hafnia Languedoc at a naming
Western Australia (WA) and South Korea have signed a letter of intent (LoI) to collaborate on energy transition and downstream processing of resources. In what was described as a historic LoI, the WA Government and the Republic of Korea’s Ministry of Trade, Industry and Energy (MOTIE) agreed to coop
French LNG containment specialist GTT has received a new order from its partner the Korean shipyard Hyundai Samho Heavy Industries (HSHI) for the tank design of two new LNG carriers (LNGCs). The order was received at the beginning of 2023 on behalf of a European shipowner. GTT will design the tanks
New Energy and Industrial Technology Development Organisation (NEDO) has adopted a feasibility study for a demonstration project of green ammonia production in Chile conducted by Mitsui & Co and Toyo Engineering Corporation as one of the ‘International Demonstration Projects on Japan’s Energy Effici
Norwegian energy companies Equinor and Vår Energi are withdrawing from the Horisont Energi-operated Barents Blue project, also known as Europe’s first large-scale blue ammonia production facility. Equinor and Vår Energi decided to leave the project as the cooperation agreement expired on 31 January.
Swedish Project Air is moving full steam ahead with Düsseldorf-based energy company Uniper commissioning the Dresden-based company Sunfire to build a 30 MW pressurized alkaline electrolysis plant which will generate green hydrogen using renewable electricity and purified wastewater. The final invest
Singapore-based shipowner Kumiai Navigation has doubled its order for dual-fuel VLGC newbuildings at Kawasaki Heavy Industries to two ships. Each vessel has a capacity of 86,700 cbm for LPG/liquefied ammonia gas. The first vessel from the series was ordered last year, and now the company has two VLG
South Korean shipbuilder Samsung Heavy Industries (SHI) has secured a new order for the construction of two LNG carriers worth $500 million, which increased its earnings in orders to $2 billion in the first month of 2023. SHI received the order for two LNG carriers from an undisclosed Oceanian shipp
