China’s Chengxi Shipyard has secured an order to build two LNG-powered 50,000-dwt product tankers. Image: Chengxi Shipyard CSSC Shipping, the leasing arm of China State Shipbuilding Corporation, is behind the order. Chengxi is also a unit of CSSC. The dual-fuel vessels have a price tag of $43 million, each. Several
The Japan Bank for International Cooperation (JBIC) has confirmed the $14.4 billion financing for the Mozambique LNG project has been finalized. Courtesy of Anadarko JBIC portion of the co-financing, a $3 billion loan agreement, was agreed on July 15. Total-led Mozambique LNG project is co-financed with the African Development Bank
The largest commercial shipbuilder in India Cochin Shipyard Limited (CSL) Kochi has signed contracts for construction and supply of two autonomous electric ferries for ASKO Maritime AS, Norway with an option to build two more identical vessels. Image courtesy: Cochin Shipyard ASKO Maritime AS is the subsidiary of Norges Gruppen
MISC Berhad, a Malaysia-based provider of energy-related maritime solutions and services, has entered into memoranda of agreement (MOA) with six subsidiaries of China-based Zhejiang Satellite Petrochemical for the purchase of six 98,000 cbm very large ethane carrier (VLEC) newbuilds. Image by MISC Concurrently, MISC, through its vessel-owning entity, Portovenere and
Nine Japanese industry majors, including shipping companies and shipyards, have joined forces in the Ship Carbon Recycling Working Group with the aim of studying carbon recycling for the purpose of powering ships. Participating members include EX Research Institute Ltd., Hitachi Zosen Corporation, JFE Steel Corporation, JGC Corporation, Mitsui O.S.K. Lines,
Canadian LNG distributor Cryopeak has joined forces with marine bulk fuels transporter Island Tug & Barge to deliver bunkering services in British Columbia. For illustration only (Image: Cryopeak) Cryopeak said in a statement on Wednesday it signed a memorandum of understanding with ITB, a unit of Tidewater Canada. The duo
French LNG containment specialist GTT has signed a global technical services deal with Norwegian shipowner Knutsen. Image: Knutsen Under the deal signed in June, the French company will support Knutsen with the maintenance and operation of 17 LNG carriers. GTT said in a statement on Wednesday the deal lasts until
German logistics services provider Hoyer Group is expanding its liquefied natural gas (LNG) transport business footprint. Courtesy of Hoyer Group The market for alternative energies is growing rapidly worldwide. This trend has prompted the Hoyer Group to take the step further. The company noted in its statement that LNG also
The UK gas network operator SGN has launched a project that will be world-first to employ a direct supply of offshore wind power to produce green hydrogen energy for heating. The project will start with heating around 300 homes in Fife, Scotland, using clean gas produced by an electrolysis plant,
