Dutch shipbuilder Holland Shipyards Group has started working on the second hydrogen-driven vessel retrofit for compatriot marine transportation service provider Future Proof Shipping (FPS). With the first vessel FPS Maas in the final phase of retrofit, the shipbuilder has now begun works on the ret
Yara Clean Ammonia, a subsidiary of Norwegian fertiliser company Yara International, is joining forces with Leipzig-based gas company VNG in the field of clean ammonia that will actively support the implementation plans outlined in the German Hydrogen Strategy. To this end, the companies signed an o
Lloyd’s Register (LR) has awarded Approval in Principle (AiP) to HD Hyundai Heavy Industries (HHI) and Korea Shipbuilding & Offshore Engineering (KSOE) for their ammonia floating storage re-gasification unit (FSRU), the first of its kind in Korea. HHI’s ammonia-FSRU will store liquefied ammonia tran
The International Maritime Organization (IMO) is urging Member States to contribute equipment to help UN-led efforts to prevent a possible catastrophic oil spill from the FSO Safer, a rapidly decaying floating storage offshore (FSO) unit moored off the Red Sea coast of Yemen. IMO is providing expert
The recent pick-up in the development of carbon capture and storage (CCS) projects across the globe is expected to provide a new source of cargo demand for the maritime industry, helping offset demand for a declining trade of conventional hydrocarbon cargoes. CCS involves capturing carbon dioxide em
Japanese shipping major NYK Line has taken delivery of the second of four LNG-fuelled pure car truck carriers (PCTC), named Wild Rose Leader. The 7,000-CEU car carrier was built by Chinese shipbuilder China Merchants Jinling Shipyard (Nanjing) Co. The four units were ordered by NYK at the yard back
South Korean shipbuilding major Samsung Heavy Industries (SHI) has teamed up with a Denmark-based startup focused on nuclear reactor technology Seaborg Technologies and Korea Hydro & Nuclear Power (KHNP), an owner and operator of nuclear power plants, in a consortium that aims to develop floating nu
As the global maritime industry embarks on a decarbonization journey, a recent survey conducted among industry stakeholders has revealed that the path towards decarbonization will be complex, with a wide range of fuels in the mix through 2050. The survey respondents expect their fleets to run on mul
US-based LNG player Excelerate Energy has completed the purchase of the floating storage regasification unit (FSRU) Sequoia. The FSRU was purchased for a price of $265 million from Anemoesa Marine Inc., a company incorporated under the laws of the Republic of the Marshall Islands. Last month, Excele
KCC Chartering AS, a subsidiary of Klaveness Combination Carriers ASA and South32 Marketing Pte, a subsidiary of mining and metals company South32, have agreed to include a carbon pricing mechanism in their existing contract of affreightment (COA). In the six-year COA between KCCC and South32, annou
Greek ship management company Alpha Gas has taken delivery of its new LNG carrier from South Korean shipyard Hyundai Samho Heavy Industries (HSHI). With a cargo capacity of 174,000 cbm, the LNG carrier Energy Fidelity is the newest addition to Alpha Gas’ in-house commercial and technical management.
South Korean shipping major HMM has signed a Memorandum of Understanding (MoU) with compatriot specialty chemicals company LOTTE Fine Chemical for the marine transportation of ammonia. The MoU also covers the bunkering of ammonia and methanol fuel and comes after HMM made a major order for methanol-
FueLNG, a joint venture between Keppel O&M and Shell Singapore Pte. Ltd., has named its newest LNG bunker vessel. The newest addition to FueLNG’s fleet was named FueLNG Venosa at a ceremony held on 21 April at Hyundai Mipo Dockyard in Ulsan, South Korea. Chartered from Korea Line LNG, the LNG bunker
Proman Stena Bulk, the joint venture between tanker company Stena Bulk and methanol producer Proman, has completed the first-ever barge-to-ship methanol bunkering on the US Gulf Coast. The JV tankers Stena Pro Marine and Stena Prosperous were refuelled with methanol via barge while discharging clean
