MISC Berhad (MISC), an owner and operator of liquefied natural gas (LNG) carriers, has strengthened its partnership with ExxonMobil’s unit SeaRiver Maritime with new long-term time charter contracts. MISC’s subsidiaries Polaris LNG Three Pte. Ltd. and Polaris LNG Four Pte. Ltd. have secured long-ter
International Maritime Industries (IMI), the largest shipyard in the MENA region, has launched Global Maritime Fund (GMF), which aims to provide up to 100% financing for ships and rigs built at IMI’s yard in Ras Al Khair, Saudi Arabia. The independent fund, managed by Pelagic Partners, wants to beco
Thai state-owned oil and gas company PTT and AET, the petroleum arm of MISC, have signed a Memorandum of Understanding (MOU) for the development and construction of two zero-emission Aframaxes to be powered by green ammonia. Under the agreement, AET will select a suitable shipyard and the two zero-e
South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) has developed a land-based test site for electrification within its research and development center at the university campus in Siheung. The test site would be used for the development of advanced eco-friendly and smart ship technologies,
Norwegian RoRo shipping company Höegh Autoliners has committed to using either green ammonia or green methanol in at least 5 % of its deep sea operations by 2030, the company announced. The plan was revealed as the company joins the First Movers Coalition (FMC), which targets hard-to-abate sectors i
Fratelli Cosulich Bunkers Singapore and Nantong CIMC Sinopacific Offshore & Engineering Co., Ltd have signed a memorandum of understanding (MOU) for the construction of an ammonia bunker tanker.
The UK Government is launching a £60 million (approximately $64.7 million) clean maritime competition aimed at helping finance innovative projects that can facilitate the maritime sector to cut its greenhouse gas emissions. The announcement coincides with World Maritime Day, which this year focuses
Petrobras has signed a contract with Keppel Shipyard for the construction of the P-83 FPSO for the Santos Basin pre-salt area off Brazil.
Converting containership vessels to alternative fuels is technically and economically feasible, Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping said citing findings of a new report. As the industry moves to decarbonize its fleet, numerous questions remain to be answered on the best pathways f
An ammonia bunkering vessel (ABV) developed by Nippon Yusen Kabushiki Kaisha (NYK Line) has won approval from the Japanese classification society ClassNK. The company has developed its own design drawings, and introduced a method of creating 3D models linked to the drawings at an early stage of the
An LNG dual-fueled and ammonia fuel prepared very large crude carrier (VLCC), developed jointly by China Merchants Energy Shipping (CMES), TotalEnergies, Dalian Shipbuilding Industry (DSIC), and GTT has received approval from the Bureau Veritas classification society. The approval in principle (AiP)
Construction of the Hydromover, a fully-electric cargo vessel with swappable batteries, has officially been kick-started at today’s keel-laying ceremony at the shipyard of Lita Ocean Pte Ltd, Singapore. The vessel was developed by Goal Zero Consortium partners. Green technology solutions provider Yi
Tidewater has ordered a battery package for one of its platform supply vessels (PSVs) from Norway’s Norwegian Electric Systems (NES).
Japan’s Imabari Shipbuilding Co and Hitachi Zosen Corporation have signed an agreement on the acquisition of a 35 percent stake in the marine engine business that would be spun off from Hitachi Zosen. Hitachi Zosen, which has been working in the marine engine sector since 1940 as the only licensee o
