Egyptian President Abdel Fattah El- Sisi signed the law of the concession for Container Terminal 2 in East Port Said Port to the Suez Canal Container Terminal (SCCT), majority owned and operated by Maersk’s terminal brand APM Terminals. The contract includes financing, design, development, managemen
Dutch sustainability firm Value Group, which brings together sister companies Value Maritime and Value Carbon, revealed that Shell Ventures has joined Value Group’s investor base to accelerate and expand Value Group’s carbon capture utilisation and storage strategy. Shell Ventures, the corporate ven
The US Department of Energy (DOE) and the Department of the Interior (DOI) have unveiled plans to collaborate and jointly fund research to further support durable and environmentally responsible offshore wind and marine energy deployments in the United States.
Japanese companies Mitsui & Co., Mitsui Chemicals, IHI Corporation and The Kansai Electric Power Co. have signed a memorandum of understanding (MoU) to execute a joint study to establish a hydrogen and ammonia supply chain based in the Osaka coastal industrial zone. Under the MoU, the four companies
The financial cost of building an ammonia-powered gas carrier is poised to outstrip that of an equivalent gas carrier by a staggering 50 to 130 percent over the forthcoming years. The estimate builds upon findings from interviews with actors across the ship finance space including banks, funds, priv
Petrobras has teamed up with Chinese companies to bring its strategic five-year plan to life and prepare for a more sustainable future.
Houston-based Sempra Infrastructure has signed an agreement with a Japanese consortium to participate in the evaluation of a proposed project to produce e-natural gas, a form of carbon recycling, in the U.S. Gulf Coast and an LNG supply chain. The consortium is comprised of Tokyo Gas Company, Ltd.,
Prominent American financial institution JP Morgan has placed an order for two advanced dual-fuel methanol carriers with China’s Guangzhou Shipbuilding International (GSI). The two methanol-powered product tankers each boast a capacity of 50,000 deadweight tons (dwt), according to the data from Athe
Aker BP, Aker Solutions, and Subsea 7 have started the work on the first of three seabed installations for huge oil & gas projects.
Finnish marine technology supplier Wärtsilä and Swedish shipping company Furetank are co-developing and testing two technologies showing the potential to halve the methane slip of LNG-fueled ships. Methane slip on LNG-powered vessels refers to the unintentional release of methane, a potent greenhous
A collaborative renewable subsea power project, run by Mocean Energy and Verlume, alongside Baker Hughes, Serica Energy and others, has completed an initial four-month test program and secured extension for further testing in the North Sea.
COSCO SHIPPING Heavy Industry Technology (Weihai) has won test approval clearance for the company’s ammonia fuel supply system prototype. The marine product test approval was awarded by the China Classification Society (CCS) Qingdao Branch after the system successfully cleared its acceptance test. T
German energy supply company EnBW Energie Baden-Württemberg has entered into an investment agreement with Skipavika Green Ammonia (SkiGA), which is said to be one of Europe’s most advanced projects for emission-free ammonia production, in Western Norway. Under the agreement, EnBW will acquire a 10%
Slowly but surely the world’s first containership powered by green methanol is making its way from South Korea to its final destination of Copenhagen where it will be christened in September. The 2,100 TEU boxship, built by Hyundai Mipo Dockyard, has arrived in the Port of Rotterdam, the final stop
