Marine solutions and system integration expert Høglund signed a contract with German shipyard Abeking & Rasmussen to supply the fuel gas supply system (FGSS) for three vessels of the German government. Courtesy of Høglund The customised FGSS is developed to allow the LNG-fuelled vessels to take on hazardous roles such
German liner company Hapag-Lloyd has concluded two green financial deals worth a total of $889 million. The financing will be used for six ultra-large 23,500 TEU container ships, which were ordered in December 2020. The company said that the two deals include debut transactions according to the Green Loan Principles
Finnish shipping companies ESL Shipping and Meriaura are participating in a consortium that recently launched the E-fuel research project in Finland. In January, the commercialisation of the electrofuel (e-fuel) production using sustainable electricity and sequestered carbon dioxide got a EUR 3.3 million boost in funding from Business Finland. Coordinated by
TECO 2030, an Oslo-based engineering and equipment development company, has partnered up with Thecla Bodewes Shipyards in Holland to develop zero-emission hydrogen-based fuel cell propulsion. The partners are set to focus on all types of river going vessels, such as push tugs, dredgers, passenger and cargo ships and low-profile coasters.
French industrial gases and services specialist Air Liquide and Germany-based energy technology company Siemens Energy entered a partnership for sustainable hydrogen production. Courtesy of Air Liquide The companies signed a memorandum of understanding with the goal to combine their expertise in PEM (proton exchange membrane) electrolysis technology. The companies will
Japanese shipping company NYK has placed an order for its first two liquefied petroleum gas (LPG) dual-fueled very large gas carriers (VLGCs) at Kawasaki Heavy Industries Ltd. Both ships will be built at the KHI Sakaide Works shipyard and are set for delivery in 2022. LPG-powered VLGC design; Image credit
Peninsula Petroleum, the global company in marine fuel solutions, completed a record-breaking first LNG bunker supply to its customer H-Line in Malaysian waters. Courtesy of Peninsula Petroleum Peninsula Petroleum, in partnership with Petronas Marine, launched an LNG bunkering business and successfully completed its first LNG bunker supply. This operation represents
According to the latest Australian Bureau of Statistics (ABS) figures, the total value of 2020 LNG exports was A$36.2 billion, down 25.5 percent from A$48.6 billion in 2019. Courtesy of Woodside Monthly revenue from LNG exports reached its low in September with A$1.8 billion. This was due to the lagged
Qatar’s Nakilat, the world’s largest LNG shipper, reported its highest profit since inception. Courtesy of Nakilat The Qatari LNG shipping giant posted a net profit of 1.16 billion Qatari Riyals ($318.9 million) for the year ended December 31, 2020. This is an increase of 15.7 per cent from the 1