Chinese shipbuilding conglomerate China State Shipbuilding Corporation (CSSC) is rounding off 2022 with the delivery of 209 ships, the equivalent of 14 million dwt. CSSC said that this year it secured the largest portion of new shipbuilding orders in the world, despite the challenges caused by the p
An upgrade of the world’s largest floating storage and regasification unit (FSRU) MOL FSRU Challenger has been completed, increasing its regasification capacity before deployment to Hong Kong. Following the upgrade at Keppel Shipyard in Singapore, the FSRU with a storage capacity of 263,000 cubic me
Papua New Guinea’s Kumul Petroleum Holdings has extended the exclusivity period for the binding conditional offer made to Australian energy company Santos to acquire a 5% interest in PNG LNG for an asset value of $1.4 billion. The offer, which will now remain open until 30 April 2023, is conditional
South Korean shipbuilder Samsung Heavy Industries announced that it has successfully demonstrated its own Boil-off gas Recovery System (BReS), and received a Statement of Fact from the ABS classification society. BReS is a system that recovers boil-off gas that is naturally evaporated in the fuel ta
An Italian company specialising in producing green hydrogen using renewable energy sources has applied for a maritime concession to build a 675 MW floating offshore wind farm in the Strait of Sicily.
Japan and Saudi Arabia have signed memoranda of understanding (MoUs) for cooperation in the areas of circular carbon economy (CCE) and carbon recycling as well as clean hydrogen, ammonia and derivatives. The MoUs were signed during the first ministerial meeting of the Saudi-Japanese Ministerial Dial
Trade and investment agency AICEP, an independent public entity of the government of Portugal, has awarded a Potential National Interest (PIN) status to the GreenH2Atlantic project, which is developing a 100 MW green hydrogen production unit in Sines, Portugal. Martifier Group, one of the developers
US liquefied natural gas (LNG) export company Freeport LNG has updated the timing of the initial restart of its liquefaction facility in Texas which has been shut since June. To remind, the facility has been shut down following the explosion incident that occurred on 8 June. At first, the restart of
One of the world’s largest shipbuilders Hyundai Heavy Industries Group has validated the performance of a 1.5MW class LNG/hydrogen hybrid engine (HiMSEN) developed by proprietary technology. The company marked a major milestone last week with the completion of the performance verification of the hyb
Singapore-based tanker owner and operator Hafnia will soon add four new dual-fuel LR2 product tankers to its fleet, two of which are due for delivery at the beginning of 2023. The vessels are currently under construction and the first of them, HAFNIA LANGUEDOC, will be delivered in January 2023, wit
Germany’s Federal Ministry of Economics and Climate Protection (BMWK) has decided to fund the construction of three LNG bunkering ships with a total of around €62 million. The three ships, each with a capacity of 4,500 cubic metres, will be constructed by shipbuilder Flensburger Schiffbau-Gesellscha
TotalEnergies affiliate TotalEnergies LNG Services France (TELSF) is set to launch a campaign in January 2023 to market regasification capacity in its floating storage and regasification unit (FSRU) in Le Havre, France, from September 2023. TELSF said it is working on the installation of a new LNG i
Japanese major Mitsui O.S.K. Lines (MOL) has signed a Memorandum of Understanding (MoU) with compatriot The Kansai Electric Power Co. (KEPCO) for a study of marine transportation for the development of a carbon dioxide capture and storage (CCS) value chain.
CB Fenton, part of Ultramar (Chile), and Norwegian small-scale LNG sea transport and bunkering vessels developer Kanfer Shipping have signed a Memorandum of Understanding with the aim of establishing a hub for LNG bunkering and small-scale LNG distribution in/out of Panama. The duo is now seeking a
