Japan’s Kawasaki Heavy Industries has decided to issue its first sustainability-linked bond amounting to JPY 10 billion ($90.8 million). As informed, Kawasaki plans to use the funds raised through public offering in the domestic market for projects to build a clean hydrogen supply chain and the popularization of the automated
The technology group Wärtsilä will supply the main engines and LNG fuel gas supply systems for two new LNG-fuelled escort tugs being built for Canada’s HaiSea Marine, a joint venture between the Haisla Nation and Seaspan Marine Transportation. LNG Pac; Image credit: Wartsila The two vessels will each be powered
Vinssen’s Hydrogenia, South Korea’s first commercialised hydrogen electric boat, has been revealed at the 2021 Busan International Boat Show. Courtesy of Danfoss Editron The Hydrogenia is developed by South Korean shipbuilder Vinssen. The development is part of South Korea’s 2030 Green Ship-K Promotion Strategy, which wants to increase the advancement
South Korean shipbuilding giant Korea Shipbuilding & Offshore Engineering (KSOE) has secured the order for two LNG carriers to be constructed by its unit Hyundai Heavy Industries. Courtesy of HHI The deal to build ten ships, of which two are LNG carriers, amounts to $1 billion (1.1 trillion won). The
US-based mobile energy supply company REV LNG has ordered modules to be used to transport renewable natural gas (RNG) from the global provider of clean fuel solutions Hexagon Agility. Courtesy of REV LNG REV LNG’s order for Hexagon Agility modules represents an estimated value of $7.8 million. REV LNG is
The ‘transition’ part of the energy transition is starting to show a more defined shape, and what the world’s path towards being net-zero one day entails, as concrete plans and initiatives increasingly emerge across the energy and transportation sectors. Judging by our headlines this week, in the years to come
Damen Shipyards Group has reached a major milestone in the construction of its first fully-electric Reversed Stern Drive tug, having installed the tug’s batteries. Damen Song Cam Shipyard in Vietnam is constructing the RSD-E Tug 2513, named Sparky, for New Zealand’s Ports of Auckland. RSD-E Tug 2513 Sparky is being
Teekay LNG Partners, one of the world’s largest owners of LNG carriers, has declared cash distributions on the Series A and B preferred units. Courtesy of Teekay LNG Teekay LNG is providing LNG and LPG services under long-term, fee-based charter contracts through its interests in 47 LNG carriers, 23 mid-size
Germany’s engine manufacturer MAN Energy Solutions has completed the acquisition of the majority of shares in German hydrogen tech company H-Tec Systems, replacing GP Joule as the main owner. Courtesy of H-Tec Systems MAN Energy is increasing its share in H-Tec Systems, an electrolysis technology company, to almost 99 per
Japanese shipping heavyweight Mitsui O.S.K. Lines (MOL) aims to deploy net-zero emissions ocean-going vessels in the 2020s in line with its environmental vision of achieving net-zero GHG emissions by 2050. MOL Wind Challenger; Image by MOL Under its revised vision, released earlier today, the company has set sights on reducing