Norway-based liquefied petroleum gas (LPG) transporter Avance Gas has signed an agreement to sell another very large gas carrier (VLGC) as it is renewing its fleet. The company agreed to sell the 2009-built VLGC Promise with a time charter attached. The vessel is expected to be handed over to the ne
Korean shipping company KSS Line has signed an agreement with Samsung C&T, the construction and trading arm of Samsung Group, for the maritime transportation of clean hydrogen and ammonia, the Korea Economic Daily reports. Under the terms of the deal, Samsung’s trading arm would build supply for the
Shell and its partners have extended the limited notice to proceed (LNTP) period with BW Offshore and Saipem.
Swedish Furetank and Canadian Algoma Central Corporation are expanding the FureBear joint venture to include eight dual-fuel product tankers to trade in Northern Europe. The 50/50 owned joint venture was announced in August with an order for four dual-fuel tankers and is now extended with four addit
SBM Offshore is putting the wheels into motion to resume production by the year-end from an FPSO, which is working for Petrobras off Brazil.
SEA-KIT International has secured funding through the second round of the Clean Maritime Demonstration Competition (CMDC) to design a hydrogen-powered, zero-emission uncrewed surface vessel (USV). SEA-KIT and Bramble Energy will implement outputs from a Round 1 project that marinized a printed circu
Italian shipbuilder Fincantieri has handed over Viking Neptune, a new cruise ship equipped with hydrogen fuel cells, to Swiss cruise line Viking.
Spanish rigid sail developer bound4blue and dry bulk shipping company MMSL PTE. LTD., a wholly owned subsidiary of Marubeni Corporation based in Singapore, have signed an agreement to install four suction sails on the Crimson Kingdom. According to the preliminary studies, the 229-meter length Panama
Despite pushing forward new initiatives by the shipping sector to achieve zero emissions, 27% to 30% of vessels newly built between 2022 and 2050 will still require conversion to a different fuel in order to meet zero targets, a new whitepaper published by classification society Lloyd’s Register sho
International Maritime Industries (IMI) has awarded a detailed design engineering contract for the construction of jack-up rigs to Zentech.
German propulsion system manufacturer Schottel has revealed that installing its two EcoPellers onboard a RoPax ferry resulted in a 25 per cent reduction in energy consumption.
State-owned oil and gas company QatarEnergy has signed another long-term charter contract with a subsidiary of Japanese shipping company Mitsui O.S.K. Lines (MOL) for three newbuild liquefied natural gas (LNG) carriers. The contract includes three LNG carriers to be built at Hudong-Zhonghua Shipbuil
Swedish companies Stena Oil, Stena Teknik and OljOla have entered into a joint venture agreement to build a bunker supply vessel designed to carry chemicals as per IMO Type II, including methanol and various bio-fuels. “It is our greatest pleasure to inform that through the close cooperation between
ExxonMobil plans to order another floating production storage and offloading (FPSO) vessel for a project in Guyana from SBM Offshore.
