Norwegian tanker owner and operator Frontline has terminated the combination agreement it entered into with Belgian counterpart Euronav in July 2022, the company revealed on Monday in a sudden turn of events. The stock-for-stock merger deal would have created a global oil tanker operator valued at $
Norway’s cleantech company TECO 2030 has completed the selection of all major component suppliers and procured the necessary parts for the first fuel cell modules FCM400, bringing the modules’ development close to completion. The first units are now ready for assembly, with the project now shifting
Bloom Energy, a US-based green energy company, has partnered up with Telam Partners, a senior advisory firm specialised in the financing and market entry of energy, infrastructure, and technology projects, to expand its services, which include electrolyzers and hydrogen, into Spain and Portugal. Acc
Singapore-based LNG Easy, a distributor and provider of LNG infrastructure, has reached a long-term mutually exclusive commercialisation agreement to develop new LNG carrier designs based on B type cargo containment system (CCS). The company signed the agreement with Shangai-based marine environment
Unipec, a wholly-owned subsidiary of China Petroleum & Chemical Corporation, remained the king of the VLCC charter market in 2022 with 746 reported fixtures, according to Poten & Partners. However, Russia’s Lukoil has dropped out of the top 20 spot charterers. This is mainly due to Russia’s war in U
Subsea Global Solutions has partnered up with Bermuda-headquartered Seapeak Maritime to provide underwater hull maintenance and repair services for their fleet of over 70 vessels that include LNG, LPG, and multigas carriers. Under the arrangement, all related underwater works for the Seapeak fleet a
Singapore’s Samudera Shipping Line has entered into agreements for the acquisition of two newbuild container vessels from an unnamed party. The aggregate acquisition price is approximately $66 million, the company said. The new ships have a capacity of 1,900 TEU each, and they are expected to be del
The State of Maryland has requested the Taiwanese shipping company Evergreen Marine to pay $676,200 to cover the costs for the restoration of oyster bars which were damaged following the grounding of Ever Forward. The massive 12,000 TEU container ship ran aground off Pasadena in the Chesapeake Bay a
Japanese shipping heavyweight NYK Line has voiced the need to bolster the company’s actions on decarbonization on the back of a reported rise in GHG emissions in 2022, which has been ascribed to various impacts of the COVID-19 pandemic. “Last year, the Group’s GHG emissions, unfortunately, increased
Japanese shipping major Mitsui O.S.K. Lines (MOL) has signed basic agreements with Japan Petroleum Exploration (JAPEX) and Hokkaido Gas for the supply of LNG fuel to two newbuilding LNG-fueled ferries. The LNG will be supplied in each port on the Oarai-Tomakomai route operated by MOL Group company M
Japanese shipping heavyweight Mitsui O.S.K. Lines plans to resume energy transport business, mainly of LNG, from Russia as long as possible, the company’s President & CEO Takeshi Hashimoto said in a New Year’s address. “Disruptions in supply chains, soaring energy and grain prices, global inflation,
Scandlines’ new zero-emission ferry is starting to take shape at the Cemre shipyard in Turkey. Danish ferry operator said in an update that two-thirds of the steel plates have now been cut at the shipyard, adding that the ferry currently consists of eight sections which have already been placed on t
Pilbara Clean Fuels (PCF) has teamed up with Oceania Marine Energy on the provision of low-carbon footprint LNG production and marine bunkering capability at Port Hedland, Western Australia. PCF is pursuing the development of an electrified liquefied natural gas (eLNG) plant in Port Hedland, world’s
Vessels calling at Israeli ports will need to burn marine fuels with a 0.10% maximum sulphur content under new regulations taking effect in February 2023, the North Club informed. As informed, the Israeli government is enacting new regulations that will put in place measures similar to the EU direct
