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Outlook & Strategy

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

Kirby names 1st US plug-in hybrid electric inland towing vessel

Kirby Inland Marine, a subsidiary of Houston-based Kirby Corporation, christened the Green Diamond, the first US plug-in hybrid electric inland towing vessel at a ceremony held in Houston on Friday, August 25, 2023. Following the ceremony, the vessel will be time chartered by Shell Trading (US) Comp

about 3 years ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Outlook & Strategy

K Line kick starts use of ChatGPT-powered tool across offices in Japan

Japanese shipping heavyweight Kawasaki Kisen Kaisha (K Line) has started using AIplicity Chat Powered by ChatGPT API (AIplicity Chat) provided by Japan Business Systems, Inc. across its offices in Japan. The system is an AI chat service based on the Azure OpenAI Service which Microsoft offers on its

about 3 years ago
HD Hyundai LNG-pšowred bulker with AI driver
Outlook & Strategy

HD KSOE builds world’s 1st ship featuring an ‘AI engineer’

South Korea’s shipbuilding major HD Korea Shipbuilding & Marine Engineering (HD KSOE), the intermediate holding company for shipbuilding under HD Hyundai, has constructed and delivered the world’s first ship equipped with an ‘AI engineer’. The company has delivered and installed an AI-based engine a

about 3 years ago
Goodwyn Alpha; Source: Woodside
Outlook & Strategy

Woodside irons out deal to ward off strike at Australian gas assets but Chevron still in hot water

Woodside has reached an in-principle agreement with the Australian Workers’ Union (AWU), the Electrical Trades Union, and other bargaining representatives on an enterprise agreement (EA) covering 150 employees on its North West Shelf offshore platforms, in a bid to avert industrial action.

about 3 years ago
SunAsia Energy and Blueleaf Energy to develop floating solar plant in Laguna Lake
Outlook & Strategy

SunAsia Energy and Blueleaf Energy to develop floating solar plant in Laguna Lake

SunAsia Energy and its investment partner Blueleaf Energy have signed the lake lease agreements with the Launa Lake Development Authority (LLDA), securing the right to develop and construct what is said to be one of the world’s largest floating solar projects on Laguna Lake in the Philippines. Bluel

about 3 years ago
AMSA
Outlook & Strategy

AMSA bans bulker for ‘appalling treatment’ of seafarers

The Australian Maritime Safety Authority (AMSA) has banned the Liberian-flagged bulk carrier MSXT Emily from Australian waters for one year, after finding several violations of the Maritime Labour Convention. Following a tip-off from the International Transport Workers’ Federation (ITF), AMSA inspec

about 3 years ago
Northern Lights
Outlook & Strategy

Blue ammonia to be abundantly available for maritime industry by 2027, says Maersk Mc-Kinney Moller Center

Blue ammonia, an attractive fuel for the maritime industry, is expected to become available in significant quantities by 2027, with the potential for significant scale-up in production over subsequent years, according to a recent report by Maersk Mc-Kinney Moller Center for Zero Carbon Shipping. The

about 3 years ago
Wave energy and subsea solutions specialists unite to extend O&G hubs’ lifetime
Outlook & Strategy

Wave energy and subsea solutions specialists unite to extend O&G hubs’ lifetime

Scottish wave energy specialist Mocean Energy and Norway-based offshore energy services provider Aker Solutions Subsea have teamed up to explore how locally generated wave energy can extend the lifetime of existing oil and gas hubs by accessing stranded reserves. To this end, the two companies signe

about 3 years ago
Evergreen
Outlook & Strategy

Evergreen launches Taiwan’s 1st fully-automated container terminal

Taiwanese shipping firm Evergreen Marine Corp. (EMC) held an official opening ceremony for the newly built Terminal 7 at Kaohsiung Port, Taiwan, on Monday, August 14. This is the first and largest fully-automated container terminal equipped with remote-controlled gantry cranes in Taiwan. The facilit

about 3 years ago
Strohm’s deep-water TCP makes a splash in South America
Outlook & Strategy

Strohm’s deep-water TCP makes a splash in South America

Strohm has installed and commissioned its first deep-water, high-pressure thermoplastic composite pipe (TCP) jumper in South America for ExxonMobil Guyana. The jumper, incorporating advanced carbon fiber and polyamide12 materials, is used for water alternating gas (WAG) injection at ExxonMobil Guyan

about 3 years ago
Safe Concordia; Source: Prosafe
Outlook & Strategy

Prosafe sees new opportunities for its vessels as tender activity for 2024 and beyond heats up

Prosafe is optimistic about the demand outlook for 2024 and beyond thanks to a substantial boost in tendering activity for this period.

about 3 years ago
ADNOC Gas and JAPEX conclude 5-year LNG supply deal
Outlook & Strategy

ADNOC Gas and JAPEX conclude 5-year LNG supply deal

UAE’s integrated gas processing company ADNOC Gas has signed a five-year LNG supply agreement with energy company Japan Petroleum Exploration (JAPEX). ADNOC said the agreement, valued between $450 million (AED 1.65 billion) and $550 million (AED 2 billion), builds on the long-standing bilateral rela

about 3 years ago
Perenco and Carbon Catalyst win two more carbon storage licenses
Outlook & Strategy

Perenco and Carbon Catalyst win two more carbon storage licenses

Following the carbon storage license award to progress the Poseidon project over the Leman fields, Perenco UK and Carbon Catalyst have secured two further CO2 storage licenses in the Southern North Sea sector of the UK Continental Shelf (UKCS). The Orion carbon capture and storage (CCS) project enco

about 3 years ago
Tufton Anemoi rotor sails
Outlook & Strategy

Tufton’s bulker to save 10 pct of fuel after fitting rotor sails

China-based Chengxi Shipyard has completed the installation of Anemoi’s rotor sails on TR Lady, an 82,000 dwt Kamsarmax bulk carrier. The installation was completed in June 2023. TR Lady is owned by TR Lady Shipping Ltd, a portfolio company of Tufton Investment Management and is on a time charter wi

about 3 years ago
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