Rumour has it that the European Commission is considering a massive increase in installed offshore renewable energy capacity by 2050, with as much as 300 GW of offshore wind, and 60 GW of ocean energies to be in place by that time. According to media reports from Reuters and Euractiv, …

Energy and commodity pricing service Argus has agreed to share its database of ammonia terminals with DNV GL’s Alternative Fuel Insight online platform, a website that provides information about and promotes the use of alternative fuels. Green ammonia is emerging as a possible future fuel in the shipping sector, supported …

Joint venture companies belonging to Sovcomflot, NYK Line and Samudera, have secured a $155 million loan to finance an LNG carrier pair. Tangguh Tawuti (Courtesy of NYK Shipmanagement) The credit facility with an eight-year term has been agreed with MUFG Bank and Development Bank of Japan Inc. The facility will …

MISC Berhad’s Future Horizon and Eaglestar Shipmanagement made their maiden foray respectively as the commercial operator and ship manager of Avenir Advantage LNG bunkering vessel. Image courtesy of Avenir LNG The vessel, with a 7,500-cbm LNG capacity, is chartered by Petronas LNG for a period of three years. Future Horizon …

ExxonMobil Upstream Research Company granted approval for KOGAS’ design of a fully protected onshore membrane for LNG storage tanks. Courtesy of ExxonMobil Building on R&D efforts following the completion of KOGAS’s original offshore membrane storage tank in 2007, KOGAS applied the technology to its Jeju LNG terminal, installing two storage …

Greek shipping company Capital Gas, a unit of Capital Maritime Group took delivery of its newbuild LNG carrier Aristos I. Courtesy of Capital Gas The vessel, capable of transporting 174,000 cubic meters of the chilled fuel, was built by the South Korean yard Hyundai Heavy Industries. The vessel features X-DF …

LNG exports from the three liquefaction plants located on Curtis Island off Gladstone edged up when compared to the corresponding month in 2019. Courtesy of APLNG Gladstone Ports Corporation’s shipping data shows that the three liquefaction plants exported a total of 31 cargoes during the month. The cargoes had a …

AidaNova; Image courtesy: Carnival Corporation The methanol-operated fuel cell system set to be installed on a cruise ship operated by AIDA Cruises, a Carnival Corporation brand, has reached a new milestone having secured an Approval in Principle (AiP) from DNV GL. As a result, AIDA Cruises will be the world’s …

Australian Industrial Energy (AIE) has signed a critical lease for up to 25 years with NSW Ports for the Port Kembla Gas Terminal (PKGT). Courtesy of AIE The company noted it is another crucial step towards securing gas supply certainty for NSW. AIE, part of Squadron Energy Group, is also …

Trillions of dollars could be misallocated if member states of the International Maritime Organization (IMO) fail to back an industry proposal for a global $5 billion research and development fund in order to de-risk the massive investment needed to decarbonize shipping. The call was made by the International Chamber of …