Famatown Finance Limited, a company indirectly controlled by shipping billionaire John Fredriksen, has acquired an additional 964,000 shares in Belgian tanker owner Euronav, taking its total stake to 26.46 pct. The share increase of 5.90 percent was disclosed in an SC 13D/A form with the Securities
Singapore-based energy solutions provider Pavilion Energy, a subsidiary of Temasek, has loaded the first termed small-scale LNG cargo bound for Chinese city gas distributor Zhejiang Hangjiaxin Clean Energy. The first cargo was loaded on board LNG Jia Xing, a 46,200 cbm small-scale LNG vessel from th
A groundbreaking ceremony has been held in Qidong for the construction of an FPSO, destined to work for Petrobras offshore Brazil.
Cemre Shipyard starts construction of Molslinjen’s electric ferry
Two tankers collided on Tuesday, April 4 in the Great Bitter Lake region, part of the Suez Canal, a key artery for the movement of goods between Europe and Asia. According to the head of the canal authority Lieutenant-General Osama Rabie, the ‘minor friction’ occurred when the tanker Lyric Magnolia
The International Maritime Organization’s (IMO) Legal Committee has highlighted the risks and consequences of ship-to-ship transfers in the open ocean and the methods used to obscure ship identities. At its 110th session in London, the committee was informed that a fleet of between 300 to 600 tanker
This is a free premium article to give you a sample of what Offshore Energy has to offer as part of our premium section. Upgrade for premium access here. The decarbonization conundrum in the shipping industry persists due to a multitude of challenges, including the high cost of alternative fuels, th
Taiwanese container shipping giant Yang Ming has been described as the container industry’s ‘emission hero’ for all relevant CEI-covered trades in Q4 2022, according to an analysis of Xeneta’s Carbon Emissions Index (CEI). Xeneta said that Yang Ming was the industry’s only major player to score belo
elkon, an Istanbul-based electrical systems integrator for the marine industry and a part of the Schottel group, has awarded Leclanché, a Swiss energy storage solutions company, with the contract for two Navius MRS-3TM 1.1 MWh capacity battery storage systems. The battery technology will be supplied
Vitol’s Singaporean bunker operations company, V-Bunkers, has revealed that it will be taking delivery of its first electric-hybrid bunker tanker, Marine Charge.
Low and zero-emission fuels supplier Titan has completed gas-up and cool-down service for an LNG carrier owned by Japanese shipping company NYK Line. Specifically, Titan performed gas-up and cool-down of one of the tanks on NYK’s LNG carrier Grace Emilia. The vessel was built in 2021 by Hyundai Samh
Taiwanese shipping major Wisdom Marine has revealed an order for the construction of two more 40,000 dwt bulkers. The company said that the vessels would be built by Japanese Imabari Shipbuilding or its affiliated shipyard Nihon Shipyard, a joint venture between Japan Marine United Corporation (JMU)
Global renewable energy company e1 Marine has been commissioned by Switzerland-based Current AG to build an S Series 130 methanol to hydrogen generator that would capture waste heat and CO2 from the exhaust stream produced during the reforming process. Successful lab-based tests will improve the eco
Singapore-based ship management company Eastern Pacific Shipping (EPS) and the Dutch maritime technology company Value Maritime have completed their first-ever CO2 liquid bunkering. According to Value Maritime’s social media post, the operation, which is also the first in the world, took place in Ro
