The French outfit GTT has secured an order to design and build tanks for a trio of liquefied natural gas (LNG) carriers. Courtesy of GTT The company noted it won the contract from the Chinese shipyard Hudong-Zhonghua Shipbuilding. Additionally, the LNG containment specialist noted that the trio of tankers is
The European Commission adopted two energy strategies on an EU-level on 8 July, which prioritise hydrogen production powered by offshore wind and other renewable energy sources, and set the stage for linking different energy carriers, infrastructures, and consumption sectors. “The priority for the EU is to develop renewable hydrogen, produced
China’s Hudong-Zhonghua Shipbuilding is to deliver another LNG carrier that will serve the Novatek-operated Yamal project in the Arctic. LNG Phecda (Image: Hudong-Zhonghua) Hudong said in a statement the 174,000-cbm LNG Phecda left the Shanghai yard for gas trials on July 3. The Chinese yard noted it faced many difficulties
On 7 July, Vietnam-based Damen Song Cam Shipyard, together with joint venture partner Song Cam Shipyard, hosted a keel-laying ceremony for the fully electric tug that Damen is building for the Ports of Auckland, New Zealand. Scheduled for delivery in 2021, the newbuild is said to be the world’s first
Japanese spot LNG cargo prices are showing signs of slight recovery following a record drop in May. For illustration only (Image: NYK LNG) The effects of the Covid-19 coronavirus pandemic have weighed down on Japan’s spot LNG prices pushing them to record lows in previous months. The average contract price
Pale Blue Dot, the lead developer of the Acorn Carbon Capture and Storage (CCS) project, has conducted a corporate restructuring following a strategic investment by multinational independent investment bank and financial services company Macquarie Group. Pale Blue Dot said on Thursday that the corporate restructure would see Storegga Geotechnologies become
Russian Zvezda shipyard has started building another liquefied natural gas-powered Aframax tanker for compatriot Rosneft. Image: Zvezda Shipbuilding Complex The yard held a keel laying ceremony for the LNG-powered vessel on Monday, according to a statement by Russian state-owned energy company Rosneft. The vessel will be named after Nursultan Nazarbayev,
A Shell study released on Tuesday exploring how the shipping industry is working to slash its emissions has confirmed LNG as one of the main transition fuels. For illustration only (Image: Shell) The report named “Decarbonizing Shipping: All Hands on Deck” is a joint research by Shell and Deloitte. Shell
Qatari LNG shipping giant Nakilat continued the fleet management transition from Shell’s trading and shipping unit. Courtesy of Nakilat Nakilat said on Wednesday it has assumed full ship management and operations of Q-Max LNG carrier Bu Samra from Shell International Trading and Shipping Company. The transition is in effect from