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Canada’s Cedar LNG postpones final investment decision to Q4 2023
Outlook & Strategy

Canada’s Cedar LNG postpones final investment decision to Q4 2023

Cedar LNG, a partnership between the Haisla Nation and Canadian energy infrastructure company Pembina Pipeline, has pushed the final investment decision (FID) to the fourth quarter of 2023 due to the second front-end engineering design (FEED) process for the floating LNG vessel. Prior to this, FID f

about 3 years ago
MSC Mette
Outlook & Strategy

MSC makes waves again with a fresh order for 10 LNG-powered newbuilds

The world’s largest container shipping firm MSC has returned to Chinese shipbuilder Zhoushan Changhong International Shipyard with an order for an additional ten LNG-powered containerships. The deal will see Zhoushan Changhong International Shipyard build ten LNG-powered behemoths each boasting a 10

about 3 years ago
£1.6 billion spent on North Sea decommissioning in 2022, activity expected to remain high
Outlook & Strategy

£1.6 billion spent on North Sea decommissioning in 2022, activity expected to remain high

The North Sea oil & gas industry spent £1.6 billion on decommissioning redundant wells and infrastructure last year, more than in any of the previous five years, the latest report by the North Sea Transition Authority (NSTA) states. The industry spent a total of around £8 billion from 2017-2022 and

about 3 years ago
Mitsui E&S to supply WT-3 BOG compressors for LNG-fueled vessels
Outlook & Strategy

Mitsui E&S to supply WT-3 BOG compressors for LNG-fueled vessels

Japan’s Mitsui E&S has received orders for two units of WT-3 high-pressure boil-off gas (BOG) compressor from its compatriot Mitsubishi Shipbuilding. According to Mitsui, the WT-3 BOG compressors will be delivered as one of LNG fuel supply systems of dual-fuel engines to be equipped on 210,000 DWT L

about 3 years ago
Hafnia's CEO Mikael Skov. Courtesy of Hafnia
Outlook & Strategy

Hafnia reveals investment in methanol-powered newbuilds backed by TotalEnergies

Singapore-based tanker owner and operator Hafnia has leaped onto the methanol bandwagon with the recent order for four 49,800 deadweight dual-fuel methanol chemical IMOII Medium-Range (MR) tankers. The deal was signed with China’s Guangzhou Shipyard International (GSI) together with Hafnia’s joint-v

about 3 years ago
Illustration/Visualization of proposed Larantuka Strait tidal turbine array (Courtesy of SBS)
Outlook & Strategy

British tidal energy specialist to provide technical advice for projects in Indonesia

British tidal energy specialist SBS has signed a contract with Indonesia’s state-owned Prima Layanan Nasional Enjiniring (PLNE) for the provision of technical advice for tidal energy projects in the world’s largest archipelagic state.

about 3 years ago
New Times Shipbuilding Himalaya
Outlook & Strategy

Himalaya Shipping CEO: We have the right ships at the right time

Bermuda-based shipping company Himalaya Shipping, a rising star in the dry bulk industry, is well on its way on its transition path into a fully operational company, thanks to timely investments in the ‘right ships’. One of the key highlights of the first half of 2023 for the company was the deliver

about 3 years ago
shipping
Outlook & Strategy

Association of Panamanian Shipowners joins ICS

The Association of Panamanian Shipowners (ARPA) has become an associate member of the International Chamber of Shipping (ICS). Launched in 2020, ARPA was created by shipowners and operators of vessels to strengthen Panama’s shipping industry. This membership will build on the relationships across th

about 3 years ago
HydrogenPro revises business strategy, appoints new CEO
Outlook & Strategy

HydrogenPro revises business strategy, appoints new CEO

HydrogenPro, a Norwegian technology company and an OEM for high-pressure alkaline electrolyzers, has announced that the company will take a new strategic business direction. The company said: “The plan for building capacity in the U.S. stays firm, but with the current market sentiment, raising fundi

about 3 years ago
Lloyd’s Register awards UK first approval for remote inspection techniques
Outlook & Strategy

Lloyd’s Register awards first UK approval for remote inspection techniques

Lloyd’s Register has awarded Aberdeen-based 3D scanning company Viewport3 with the first UK approval for remote inspection techniques using underwater photogrammetry. “It is a huge honour for a small company like Viewport3 to receive such a credible certification. Our team are absolutely delighted t

about 3 years ago
Hapag-Lloyd
Outlook & Strategy

Hapag-Lloyd, DB Schenker ink biofuel-powered transport deal

German liner major Hapag-Lloyd has entered into a partnership with compatriot logistics provider DB Schenker for emission-reduced container transports with waste- and residue-based biofuel. The deal follows the launch of Hapag-Lloyd’s “Ship Green” product in May enabling customers to transport their

about 3 years ago
PortNola
Outlook & Strategy

Port NOLA hit with lawsuit aiming to halt construction of its new $1.8 bln terminal

In a clash that has ignited legal flames in the heart of Louisiana, the St. Bernard Parish District Attorney’s Office has filed a lawsuit against the Port of New Orleans to halt the construction of a proposed $1.8 billion container terminal, the Louisiana International Terminal, in the Violet area.

about 3 years ago
European Energy inks biogenic CO2 purchase deal for e-methanol production
Outlook & Strategy

European Energy inks biogenic CO2 purchase deal for e-methanol production

EE North America (EENA), a subsidiary of Denmark-based European Energy, has signed a Letter of Intent (LOI) with Pennsylvania-based Montauk Renewables to purchase biogenically produced CO2 for the production of e-methanol which will be used as a marine fuel. The strategic agreement will grant EENA t

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

ZeroNorth partners with Cargill to optimize over 600 vessels and drive green efficiency

Climate technology company ZeroNorth has signed a three-year contract with Swiss freight trader Cargill on the provision of software for optimisations across vessels and voyages. The deal will see ZeroNorth become the main optimisation partner for more than 600 vessels the aim being to drive efficie

about 3 years ago
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