Danish investment fund manager Navigare Capital Partners has taken delivery of its first liquefied natural gas (LNG) carrier, Marvel Swan. Courtesy of Pronav In a brief statement through its social media channels, Pronav Ship Management, part of the Schulte Group, said it has taken the LNG carrier into its full
German shipbuilder Meyer Werft hosted a keel laying ceremony for Disney Wish, the first of three new ships ordered by the US-based cruise company Disney Cruise Line that will feature environmentally friendly technologies. The ship will be powered by liquified natural gas, or LNG, one of the cleanest-burning fuels available.
French liquefied natural gas (LNG) containment specialist GTT, has been contracted to design tanks for two very large ethane carriers (VLECs). Courtesy of GTT/Roland Mouron The order has been placed by the South Korean Hyundai Heavy Industries (HHI) shipyard, on behalf of an Asian shipowner. GTT said in its statement
Japan’s Chiyoda Corporation has joined the Hydrogen Utilization Study Group in Chubu, with the aim to study the potential for large-scale hydrogen use. Courtesy of Chiyoda Corp The group will also look into the potential of building a supply chain for stable utilization of hydrogen in Chubu. The group includes
Puget LNG, a unit of Puget Energy, is the latest LNG supplier to join the liquefied natural gas bunkering coalition, SEA-LNG. Courtesy of Puget LNG In its statement on Thursday, the cross-industry coalition noted that Puget LNG strengthens its membership base in the North American west coast. Puget LNG has
Following highs in January and February of 2021, Japanese spot liquefied natural gas (LNG) prices plunged in March. Courtesy of JERA Data from Japan’s Ministry of Economy, Trade and Industry shows that the price of spot LNG contracted during March 2021 reached $6.6 per mmBtu. This is well below the
French shipping and logistics giant CMA CGM is launching the first low-carbon shipping offer based on biomethane that supports the group vision to become carbon-neutral by 2050. Image Courtesy: CMA CGM As of May 2021, the CMA CGM’s customers will be able to select biomethane via the Act with CMA CGM+
American global hydrogen supplier Air Products & Chemicals has unveiled a new hydrogen fueling station at its industrial gases facility in Ulsan City, South Korea. Courtesy of Air Products This is the the first station built and operated by the private sector in the city under the South Korea government’s
The Norwegian unit of energy giant Shell has sold its downstream LNG subsidiary Gasnor to Spain’s Molgas Energy. Courtesy of Navingo The transaction transfers Norske Shell‘s complete shareholding in Gasnor to Molgas. The sale of Gasnor has no effect on the operations or organization of Norske Shell. All of the
Lithuanian Klaipėdos Nafta has announced a consultation with market participants regarding the acquisition of floating storage and regasification unit (FSRU) for the Klaipėda LNG terminal. Courtesy of Port of Klaipeda The consultation, as part of the procurement process for FRSU, has the goal to familiarise market participants with the process
A new ShippingLab project aims to create an internationally recognized platform for testing and validating new fuel solutions that can aid in significantly reducing or eliminating greenhouse gas (GHG) emissions from the shipping industry. As such, the purpose of the platform is to assist the global transition towards sustainable marine
German-based engine manufacture MAN Energy Solutions has begun the ‘AmmoniaMot’ project to produce a dual-fuel, medium-speed engine capable of running on diesel fuel and ammonia. Courtesy of MAN Initiated by MAN, ‘AmmoniaMot’ stands for Ammonia Engine in German, and it gathers industry partners and research institutes including the University of