Seapeak, formerly known as Teekay LNG Partners, has entered into a deal with Jaccar Holdings to acquire Danish shipping company Evergas for $700 million. Evergas owns and operates two very large ethane carriers and eight multigas/LNG carriers. All are on fixed-rate time charters to Ineos and are cap
The upcoming liquefied natural gas (LNG) terminal in Bar, Montenegro, will serve Balkan countries, playing a crucial role as an LNG storage provider and distributor to provide energy security in the context of the current energy crisis, LNG Alliance said. Currently, there is no operating LNG termina
Ørsted and Copenhagen Infrastructure Partners (CIP) are entering into a 50/50 partnership to develop four large-scale offshore wind projects under the ‘open door’ scheme in Denmark. The projects are planned to include Power-to-X capabilities and to be built before or in parallel with the projects se
Vopak Singapore, a joint venture between Royal Vopak and the Port of Singapore Authority Corporation, is looking into the expansion of its ammonia storage infrastructure for low-carbon power generation and bunker fuels at its Banyan terminal. With a storage capacity of close to 1.5 million cbm, Vopa
The International Chamber of Shipping (ICS) has submitted a refined proposal to shipping’s UN regulator seeking the establishment of a fund and reward system to accelerate the sector’s uptake of alternative fuels and its transition to a net zero future. The refined proposal combines elements from it
The Cruise Division of MSC Group and French shipbuilding company Chantiers de l’Atlantique have announced the delivery of the world’s largest LNG-powered cruise ship and one of the first to incorporate fuel cell technology.
Saudi Arabia’s ACWA Power and the Industrial Development Corporation of South Africa (IDC) have signed an extensive memorandum of understanding (MoU) exploring a partnership in the development of green hydrogen and its derivatives in the Republic of South Africa. Under the MoU with the potential val
in an environment where there is a scarcity of renewable fuels, the question arises whether it is a sustainable pathway for shipping to take a limited amount of renewable energy and apply it to an industry where you only get 25% utilization of what you’re starting with.
Germany has received the first low-emission ammonia test shipment from the United Arab Emirates (UAE) in what is said to set an important milestone for the medium-term import of green hydrogen for Germany and Europe. As informed, the shipment was completed last week and the test cargo was handled by
Dutch multimodal operator Samskip has signed an agreement with compatriot marine biofuels provider GoodFuels to power four of its containerships with marine grade bio-residual fuels.
Nissos Kea, a recently delivered scrubber-fitted gas-ready crude carrier, managed to avoid damage after being targeted by explosions that took place on October 21 while the vessel was loading at an oil terminal in Ash Shihr in Yemen. “In the afternoon of 21 October 2022, while the vessel had called
The Green Hydrogen Organisation (GH2), a non-profit foundation under Swiss law, has appointed assurance and risk management expert DNV to support the assessment of green hydrogen projects in accordance with the Green Hydrogen Standard. GH2 launched the Green Hydrogen Standard at the Green Hydrogen G
The municipal government of China’s city of Chaozhou, Guangdong Province, has issued a new five-year plan for energy development which, among other things, kick-starts preliminary work on the potential development of two offshore wind projects with a total capacity of 43.3 GW. Green hydrogen product
Japenese shipping company Nippon Yusen Kabushiki Kaisha (NYK) is advancing its study on generating biofuel from the organic waste stored onboard oceangoing vessels with a new memorandum of understanding (MoU). NYK has signed an MoU with Astomos Energy, an LPG distributor, and Sustainable Energy, a c
