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Methanol

ESL Shipping secures loan from NIB for 4 green methanol-powered bulkers

The Nordic Investment Bank (NIB), a Finland-based financial institution of the Nordic and Baltic countries, has signed a 10-year loan agreement with compatriot shipowner ESL Shipping to finance the construction of four IA ice-classed green Handysize ships.

about 1 year ago

Methanol

Karpowership unit invests in green hydrogen solutions for maritime industry

Kinetics, a new company launched by Turkiye’s Karpowership specializing in floating LNG assets and renewable energy, has made a strategic investment in Power to Hydrogen, a U.S.-based manufacturer of anion exchange membrane (AEM) electrolyzers, to support innovation and decarbonization in the energy

about 1 year ago

Methanol

Methanol-ready ONE Sparkle marks Latin America debut with inaugural port call

ONE Sparkle, the 13,800 TEU methanol-ready containership owned by Singapore’s maritime transportation player Ocean Network Express (ONE), recently made its inaugural port call in Ecuador. As part of its maiden journey to Latin America, ONE Sparkle made it to Terminal Portuario de Guayaquil (TPG), op

about 1 year ago

Methanol

SunGas and C2X advance green methanol project to final development phase

Beaver Lake Renewable Energy, a green methanol project jointly developed by C2X and SunGas Renewables in Louisiana, is moving toward final investment decision (FID) and the beginning of construction with technology licenses and front-end engineering design (FEED) contracts in place.

about 1 year ago

Methanol

Thyssenkrupp lands FEED deal for e-methanol plant in Finland

German chemical engineering company thyssenkrupp Uhde has secured an order to deliver front end engineering design (FEED) and its green methanol technology for an e-methanol plant in Kristinestad, Finland, set to supply maritime and e-gasoline fuel markets.

about 1 year ago

Methanol

Hazer and KBR partner to scale clean hydrogen technology

Hazer and KBR have entered into a binding alliance agreement to commercialize and license Hazer’s proprietary methane pyrolysis technology.

about 1 year ago

Methanol

Allseas enriches its fleet with newbuild next-gen vessel pair

Allseas has enlarged its fleet with two newbuild offshore construction vessels (OCVs) to position itself for long-term growth in a rapidly evolving market by strengthening its offshore capabilities.

about 1 year ago

Methanol

Shipping emissions can drop over 95% by 2050 with policy support, report says

International shipping can reach zero or very near zero tank-to-wake (TTW) CO2 emissions by 2050, and achieve 95%+ reductions in well-to-wake (WTW) greenhouse gas (GHG) emissions from 2018 levels, in scenarios aligned to a 1.5°C global temperature goal, according to a report from ERM, UMAS and UCL,

about 1 year ago

Methanol

India and Netherlands set the wheels in motion for green maritime corridor

India and the Netherlands have laid the groundwork for setting up a green and digital maritime corridor between the Port of Rotterdam and Indian ports.

about 1 year ago

Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier

Methanol

OOCL confirms massive $3.08B deal for 14 methanol-fueled boxships

Hong Kong-based container shipping company Orient Overseas Container Line (OOCL), a subsidiary of COSCO Shipping Holdings, has ordered a total of fourteen methanol-fueled containerships at two shipyards in China.

about 1 year ago

Methanol

KSB to build fit-for-future tanker pair for Greek shipowner

South Korea’s shipbuilder K Shipbuilding (KSB) has been commissioned by Greece-headquartered marine drybulk transportation services provider Steelships to construct a pair of future-fit oil and chemical tankers. According to Greek shipbroker Intermodal, the two medium-range 50,000 dwt product tanker

about 1 year ago

Methanol

Hy2gen secures €47 million to boost its hydrogen and derivatives projects

Hy2gen has completed a funding round of €47 million from existing shareholders to further accelerate the development of its hydrogen and derivatives projects.

about 1 year ago

Methanol

Wan Hai Lines seals $816M deal for methanol-ready boxship quartet

Taiwanese shipping player Wan Hai Lines has commissioned two shipbuilding companies based in South Korea to construct a total of four dual-fuel methanol-ready container vessels. According to the firm’s April 24, 2025 stock exchange filing, the contract entails two methanol-ready units that HD Hyunda

about 1 year ago

Methanol

BV classes Union Maritime’s wind-powered, methanol-ready tanker newbuilds

French classification society Bureau Veritas Marine & Offshore (BV) has been selected to class a series of methanol-ready oil and chemical tankers for UK shipping company Union Maritime, which are currently being equipped with wind propulsion systems, including Norsepower rotor sails.

about 1 year ago