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Avance Gas sells ammonia-ready dual fuel VLGC newbuilds

Norwegian shipping company Avance Gas has agreed to sell its two remaining 91,000 cbm dual fuel newbuildings scheduled for delivery next year. The company said that the two newbuildings would be sold for $240 million en bloc. The buyer of the vessels was not disclosed. The very large gas carriers (V

about 2 years ago

Transition

UAE bans ship beaching in new recycling regulation

The United Arab Emirates (UAE) is introducing a comprehensive ship recycling regulation aimed at curbing environmentally harmful practices and promoting responsible ship ownership. The UAE Ship Recycling Regulation (UAE SRR) explicitly prohibits beaching and landing activities, emphasizing the need

about 2 years ago

Transition

VTTI and Höegh LNG propose to develop FSRU-based energy terminal in Vlissingen port

Dutch energy infrastructure company VTTI and Norwegian owner and operator of LNG carriers and FSRUs Höegh LNG have signed an agreement to study options to develop and operate the FSRU-based Zeeland Energy Terminal in the Vlissingen port area in the Netherlands. Expected to become operational in the

about 2 years ago

Transition

ADNOC and MHI add new link to UAE-Japan low-carbon fuel value chain

UAE’s Abu Dhabi National Oil Company (ADNOC) and Japan’s Mitsubishi Heavy Industries (MHI) have agreed to explore potential opportunities for collaboration on the development of value chains for blue ammonia and blue hydrogen. The companies formalized their intention through an agreement signed on D

about 2 years ago

Stena DrillMAX drillship; Source: Stena Drilling

Transition

Stena rig becomes first drillship to don DNV’s notation for emission reduction

Stena Drilling has welcomed the award of DNV’s Abate (P) notation, which now adorns one of its drillships.

about 2 years ago

Transition

COSCO, bp to bolster cooperation on hydrocarbons transportation, methanol bunkering and offshore wind

Chinese shipping major COSCO Shipping and global oil giant bp inked a Memorandum of Understanding (MoU) of strategic cooperation at Marintec in Shanghai. The strategic cooperation memorandum outlines plans to expand the scope of collaboration, exploring new avenues for cooperation. Key areas of focu

about 2 years ago

Transition

Container shipping majors enter green fuel deals with Nestlé

Container shipping companies Hapag-Lloyd and CMA CGM revealed that they entered into collaboration with Nestlé, a Switzerland-based food & beverage company, aiming to advance cleaner shipping.

about 2 years ago

FPSO Prosperity working at ExxonMobil's third oil project on the Stabroek Block offshore Guyana; Source: ExxonMobil

Transition

ExxonMobil, Chevron set sights on more oil & gas along with low-carbon and new energies

ExxonMobil and Chevron have disclosed their capital investment expectations, encompassing oil and gas plays along with emission-reduction solutions.

about 2 years ago

Transition

Euronav brings its ammonia-powered VLCC tally to three, adds two Suezmax orders to the mix

Belgian tanker company Euronav NV confirmed this morning that it has lifted the option for one more very large crude carrier (VLCC) at Chinese shipyard Qingdao Beihai and ordered two Suezmaxes at Daehan Shipbuilding in South Korea. The confirmation comes on the heels of shipbroker reports on the ord

about 2 years ago

Transition

HMM seals massive deal with CSSC for dual-fuel PCTC behemoths backed by Hyundai Glovis charter

South Korean shipping giant HMM has inked a landmark contract with China State Shipbuilding Corporation (CSSC) for the construction of up to ten 10,800 CEU LNG dual fuel car carriers. The vessels are set to be constructed at CSSC’s Guangzhou Shipyard International (GSI) for a price of $732 million.

about 2 years ago

Transition

CCS awards flurry of AIPs at Marintec for homegrown ammonia/methanol engines, and ship designs

China Classification Society (CCS) has awarded dozens of Approvals in Principle (AIP) at this year’s China International Maritime Exhibition (Marintec China). The exhibition is one of the most authoritative B2B platforms for the international maritime industry and it has seen numerous business deals

about 2 years ago

Transition

COSCO Line to retrofit containership quartet to methanol

Following in the pioneering footsteps of Maersk, Chinese shipping heavyweight COSCO Line is embarking on a journey to retrofit some of its containerships for methanol propulsion. Namely, COSCO Line has partnered with compatriot China’s COSCO Heavy Industry Shanghai, a COSCO Group shipyard, to retrof

about 2 years ago

Transition

Alfa Laval fuel supply system for industry’s first methanol boxship retrofit project

Danish shipping giant Maersk has selected Alfa Laval’s fuel supply system FCM Methanol for its pioneering methanol retrofit project.

about 2 years ago

Dr. Sultan Ahmed Al-Jaber, UAE Minister of Industry, CEO of ADNOC, and COP28 President; Source: COP28

Transition

COP28: Reconciling great expectations with reality in a highly polarized world

A deep dive into COP28 and the clash between those calling for a phase-out of fossil fuels and the ones lobbying to keep oil, gas, and coal firmly entrenched in the energy mix.

13 minutes read