Proman and Bahri ink a five-year agreement for Bahri Chemicals, a Bahri arm, to time-charter two methanol-powered ships, Stena Provident and Stena Progressive, to transport various products globally.
The Australian government is investing $70 million in the development of a hydrogen hub in Bell Bay, Northern Tasmania. The hub is expected to support the production of up to 45,000 tons of green hydrogen per year, create hundreds of jobs and support the manufacture of green metals and alloys like i
Valeura Energy has outlined its plans for 2024, which entail a drilling program across multiple offshore fields in the Gulf of Thailand to boost production.
Another vessel is set to join N-Sea Group’s fleet as the company has chartered a 2016-built offshore support vessel for IRM, survey, UXO and cable operations. N-Sea has entered into an agreement with Rederij Groen to long-term charter the modern offshore support vessel Aquarius-G. With its length of
Oslo-based shipping company Höegh Autoliners ASA has revealed a new contract with a major East Asian car producer to transport cars, predominantly electric vehicles (EVs), from Asia to Europe. Valid until the conclusion of 2028, the agreement signifies a significant step for the company in the autom
Norwegian supplier of subsea products and services IK Group has secured a contract to deliver clamps to an oil & gas pipeline emergency repair base in China, said to mark a giant leap for the company into the Asian market. IK Subsea and its in-country partner PAG Subsea Technology (Guangzhou) have s
Dong Kwan Kim, Vice Chairman of South Korean business conglomerate Hanwha Group, has unveiled a new vision for the decarbonization of shipping and introduced Hanwha’s plans to build a zero-emission gas carrier at the 2024 World Economic Forum (WEF) meeting in Davos, Switzerland.
Shanghai COSCO Shipping Heavy Industry, a subsidiary of COSCO Shipping Heavy Industry, has held a delivery ceremony for the floating storage and regasification unit (FSRU) Etyfa Prometheas, which will serve the first Cyprus LNG import terminal in Vasilikos. According to COSCO, the project is China’s
Japanese shipping company Kawasaki Kisen Kaisha (K Line) has embarked on an interesting fleet expansion move in the bulk shipping sector. Namely, K Line has inked a contract with compatriot shipbuilder Nihon Shipyard, a joint venture between Japan Marine United Corporation (JMU) and Imabari Shipbuil
Aside from European gas prices being down 45%, Wood Mackenzie’s forecast indicates that flat global demand is on the horizon this year.
Clean Hydrogen Partnership has launched a new hydrogen research call for proposals where a total of €113.5 million will be made available through Horizon Europe for projects to cover R&I activities across the whole hydrogen value chain. Furthermore, an additional €60 million, coming from the RePower
Container shipping industry giants Hapag-Lloyd and Maersk have signed an agreement for a new long-term operational collaboration called ”Gemini Cooperation”, which will start in February 2025. “Teaming up with Maersk will help us to further boost the quality we deliver to our customers. Additionally
Earlier today SAIC Group, a prominent Chinese automotive manufacturer, officially named and commissioned the LNG dual-fuel car carrier SAIC Anji Sincerity. Constructed by CSSC Jiangnan Shipyard, the vessel, featuring 7,600 parking spaces, is exclusively built for SAIC Anji Logistics, a subsidiary of
A geophysical survey is currently underway at a new proposed HVDC interconnector in the UK that will reinforce the electricity network between Suffolk and Kent, contributing to the UK’s 2050 net-zero goal. The 2 GW Sea Link, developed by National Grid Electricity Transmission (NGET), will be approxi
