Norwegian tanker owner and operator Frontline has entered into an agreement to acquire six ECO-type VLCC newbuildings through resale. The six VLCCs are currently under construction at the Hyundai Heavy Industries shipyard in South Korea. The VLCCs are being bought for $565.8 million, including an es
Danish carrier of refined oil products TORM has signed an agreement to purchase three 2015-built scrubber-fitted and fuel-efficient LR2 vessels, splashing $120.8 million on the deal. The ships, named Nissos Schinoussa, Nissos Heraclea, and Nissos Therassia, are being bought from Okeanis Eco Tankers
Swedish ballast water treatment system (BWTS) manufacturer is to strengthen its ties with Asian shipyards as it decided to invest in a new production line in Qingdao, China.
In the first quarter of 2021, high-sulphur fuel oil (HSFO) has been the only bunker fuel to experience year-on-year growth in Singapore, the world’s largest bunkering hub, data from BIMCO shows. HSFO sales are up 47.2% from Q1 2020, reaching 3.1 million tonnes. This is, however, still less than a th
Ships with scrubbers will emit at least 10 gigatonnes (Gt) of scrubber washwater each year absent additional regulations, the International Council on Clean Transportation (ICCT) said in a report. As disclosed, the entire shipping sector carries about 11 Gt of cargo each year. Nearly all of the wash
Carbon capture technology provider Carbon Clean has entered into an agreement with power-to-fuels developer Liquid Wind to develop a carbon-neutral marine fuel. Under the terms of the deal, Carbon Clean’s technology will capture biogenic carbon dioxide emissions from a local industrial site. Within
The order intake in the scrubber sector is mainly driven by the newbuilding market of container shipping vessels at the moment, which has rebounded considerably from the last year’s lows. “For container newbuilds, the scrubber solution is the selected solution,” Håkan Agnevall, President and CEO of
Offshore Energy continues with its new In focus weekly feature, spotlighting the latest energy transition developments, after our first edition went online on 16 April. Following last week’s news on the U.S. oil giant Chevron’s entrance into the offshore wind market and note that the company has not
Norwegian engineering company TECO 2030 ASA has unveiled a newly developed TECO 2030 Future Funnel with hybrid and closed loop alongside the already existing open loop.
Danish marine consultancy Knud E. Hansen (KEH) has presented its design of a series of medium-capacity LNG bunkering tankers under the name of the X-gas Project.
Wärtsilä saw a record-breaking amount of scrubber deliveries in 2020 despite the COVID-19 pandemic. The company highlights the continued interest in exhaust gas abatement systems as long-term solutions for the global fleet.
ADNOC Logistics & Services, a shipping and maritime logistics arm of ADNOC, has acquired two additional Very Large Crude Carriers (VLCC).
Norway-based ballast water treatment (BWT) specialist Optimarin has seen its best-ever start to a year, with the company signing a series of fleet contracts, frame agreements and system orders to continue the positive trend recorded in Q4 2020.
South Korean majors Hyundai Heavy Industry (HHI) Group and Korean Register (KR) have signed an MOU laying the groundwork for a strategic partnership to address key environmental challenges facing the industry. Under the MOU, signed on April 12, the two sides plan to exchange technical information an
