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Illustration; Source: Wood Mackenzie
Green Marine

Middle East conflict: Energy security risks and price shocks as market volatility hits supply chains

Since the ignition of the conflict between the U.S. and Israel on one side and Iran on the other, the global markets have been on tenterhooks, as fears continue to grow over the impact the hostilities will have not just on the Middle East region but also the world at large, especially in terms of ec

about 6 months ago
Stillstrom, Faber Group and Prysmian launch offshore charging pilot project
Green Marine

Stillstrom, Faber Group and Prysmian launch offshore charging pilot project

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Stillstrom has partnered with Faber Group and Prysmian to develop an offshore charging solution aimed at reducing emissions from vessels operating in the offshore wind sector. The first demonstration trial is scheduled for the fourth quarter of 2026 in Esbjerg. The companies will pilot a system that

about 6 months ago
US gov’t, TotalEnergies strike $1 billion deal; Company to invest reimbursed offshore wind fees in its oil & gas projects
Green Marine

US gov’t, TotalEnergies strike $1 billion deal; Company to invest reimbursed offshore wind fees in its oil & gas projects

The U.S. Department of the Interior (DOI) and TotalEnergies have signed settlement agreements to terminate the company’s two offshore wind leases in the United States, confirming recent reports that a deal was being drafted under which TotalEnergies would be reimbursed $928 million (around €806 mill

about 6 months ago
Stillstrom offshore vessel charging
Green Marine

Offshore vessel charging tech developer plans commercial rollout in UK

Stillstrom, part of A.P. Moller – Maersk and based in Denmark, has established a dedicated entity in Aberdeen, Scotland, with plans to roll out its offshore vessel charging solution commercially in the UK. The solution is transitioning from development to commercial deployment, and, according to a p

about 6 months ago
MOL buying into Deutsche Offshore Schifffahrt and newbuild C-CSOVs
Green Marine

MOL buying into Deutsche Offshore Schifffahrt and newbuild C-CSOVs

Japanese shipping major Mitsui O.S.K. Lines (MOL) is acquiring a stake in Hamburg-based Deutsche Offshore Schifffahrt (DO), a joint venture with Schoeller Holdings, as well as shares in construction commissioning service operation vessels (C-CSOVs) currently under construction. The joint venture bet

about 6 months ago
An offshore platform with a large vessel surrounded by several smaller vessels next to it
Green Marine

South Asia’s $107 billion LNG gamble facing finance and energy supply threats amid Middle East conflict

With instability and vulnerabilities looming across global markets and power systems in the wake of the U.S. and Israeli attack on Iran, South Asia’s planned multibillion-dollar liquefied natural gas (LNG) infrastructure expansion is exposed to economic and energy security risks, according to Global

about 6 months ago
Aker Solutions bags FEED contract for Lithuanian CO2 terminal
Green Marine

Aker Solutions bags FEED contract for Lithuanian CO2 terminal

Lithuanian liquefied natural gas (LNG) terminal operator KN Energies has awarded Aker Solutions with a front-end engineering and design (FEED) contract for its CO2 transshipment terminal infrastructure project in Klaipėda. The planned terminal is expected to have a capacity of approximately 2.8 mill

about 6 months ago
The first LNG bunkering for a VLCC in Hong Kong took place at the South Cheung Chau Anchorage, where approximately 4,700 cubic metres of LNG was delivered to the dual-fuel VLCC, Maran Dione, in 7 hour
Green Marine

Hong Kong sees first LNG ship-to-ship bunkering for very large crude carrier

CNOOC (Shenzhen) International Marine Clean Energy, a subsidiary of Chinese state-owned oil and gas giant China National Offshore Oil Corporation (CNOOC), and CLPe, a wholly owned subsidiary of CLP Holdings, have wrapped up Hong Kong’s first liquefied natural gas (LNG) ship-to-ship bunker operation

about 6 months ago
Everllence and Brazil’s Vale sign cooperation agreement for ethanol as marine fuel
Green Marine

Everllence and Brazil’s Vale sign cooperation agreement for ethanol as marine fuel

Everllence, formerly MAN Energy Solutions, has signed a cooperation agreement with Brazil’s Vale, a mining company and one of the country’s largest logistics operators, for the development of ethanol as a marine fuel. The partners will work on developing an advanced ethanol-powered engine, based on

about 6 months ago
FPSO Energean Power works at the Karish field offshore Israel; Source: Energean
Green Marine

Hormuz shutdown ramifications: Oil price hike to hit $100 as Asia-Europe LNG battle looms

As the closure of the Strait of Hormuz, through which 15% of global oil and 20% of global liquefied natural gas (LNG) supply flows, evokes fears of a major energy shock, analysts at Wood Mackenzie, an energy intelligence group, have warned that oil prices could surge past $100 a barrel (bbl), if flo

about 6 months ago
Shipping company secures fixed-rate e-methanol supply ahead of EU climate regulations
Green Marine

Shipping company secures fixed-rate e-methanol supply ahead of EU climate regulations

European shipping company RFOcean has signed a binding long-term off-take agreement with ETFuels to purchase e-methanol at a fixed price from 2030. According to ETFuels, the agreement positions RFOcean ahead of binding and punitive new EU maritime emissions rules, the FuelEU Maritime regulation, whi

about 6 months ago
With new MoU, Kongsberg Maritime commits to decarbonization efforts in Indonesia
Green Marine

With new MoU, Kongsberg Maritime commits to decarbonization efforts in Indonesia

Norway-headquartered Kongsberg Maritime has signed a memorandum of understanding (MoU) with Indonesia’s state-owned and largest shipyard, PT PAL Indonesia, to work on advancing energy efficiency and decarbonization across the country’s maritime sector. Kongsberg Maritime said that the agreement repr

about 6 months ago
Naming ceremony for CMA CGM Osmium; Source: CMA CGM
Green Marine

CMA CGM christens its newest methanol-powered ship (Gallery)

French shipping and logistics giant CMA CGM Group has held a naming ceremony for the latest vessel addition to its dual-fuel fleet.

about 6 months ago
First offshore vessel to operate on ammonia coming this autumn
Green Marine

First offshore vessel to operate on ammonia coming this autumn

Norwegian offshore vessel owner Eidesvik Offshore has tasked Halsnøy Dokk with the conversion of the platform supply vessel (PSV) Viking Energy to ammonia-powered operations. The conversion is planned to be completed in autumn, when the 95-meter-long vessel will continue operating for Equinor, with

about 6 months ago