Hydrogen production is expected to see a significant hike in investment in 2021, as more hydrogen projects get the green light. Market intelligence provider Fitch Solutions noted that increasingly stringent emissions laws have driven plans to develop commercial-scale hydrogen production capacity. Overall, Fitch Solutions expect to see a clear increase
Japanese engineering company JGC Corporation has been contracted to deliver EPC and commissioning work for an LNG-fueled facility for its compatriot Sumitomo. JGC received an order for engineering, procurement, construction and commissioning work for a gas turbine power generation facility in Sodegura City, Chiba. Courtesy of Sumitomo The facility will
Prices of spot liquefied natural gas (LNG) imported into Japan and contracted during the month of November rose for the third month running. For illustration purposes only (Image: Tokyo Gas) Data from Japan’s Ministry of Economy, Trade and Industry shows that the price of spot LNG contracted during November stood
Energy Capital Vietnam (ECV), a Vietnam-focused company, has formed an LNG trading and shipping joint venture with Gunvor. Courtesy of ECV The joint venture will supply LNG to the joint venture on a long-term basis. An ECV-led consortium is developing an LNG-to-power project in Mui Ke Ga, Binh Thuan Province,
A coalition of four players promoting sustainable shipping have collaborated on a joint industry project to enable product tanker charterers and shipowners to use methanol as fuel regardless of the cargo carried. South Korean shipbuilder Hyundai Mipo Dockyard (HMD), German engine manufacturer MAN Energy Solutions, and the Methanol Institute, a
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has signed a Letter of Intent (LoI) to build 10 LNG-powered very large crude carriers (VLCCs) for an undisclosed European client, Business Korea reported citing the shipyard. If the contract for the ten 300,000-ton dual fuel VLCCs moves forward, its value
Houston-based LNG exporter Cheniere Energy has reached new milestones at its Corpus Christi LNG facility in Texas. Illustration only (Image courtesy of Cheniere) The company said in a brief statement through its social media channels that it has started loading the commissioning cargo from Corpus Christi’s Train 3 on Monday,
Damen RSD-E Tug 2513; Image courtesy: Damen Vietnam-based Song Cam Shipyard launched the world’s first fully-electric ship-handling tug of 70 tonnes bollard pull, the Damen RSD-E Tug 2513, on December 4. Damen is building the vessel in support of New Zealand’s Ports of Auckland ambitious sustainability targets. Specifically, Ports of
French liquefied natural gas containment systems specialist GTT has been contracted to deliver tank designs for two LNG carrier newbuilds. Courtesy of Roland Mouron – GTT GTT said in its statement that the order was placed by the South Korean shipbuilding major Hyundai Heavy Industries. The vessels are being built
The Korean Register (KR) has developed new class rules revising the existing structural rules for membrane-type LNG carriers. Courtesy of KR The new class rules apply the concept of EDW (Equivalent Design Wave) based on direct load analysis to determine structural arrangements and scantling that meet the structural strength, buckling