Danish shipping major A.P. Moller – Maersk, through its corporate arm Maersk Growth, has decided to invest in Dutch start-up Vertoro, a company focused on developing liquid lignin technology which can be used as a marine fuel. As disclosed, Maersk’s investment will be used to further develop and commercialise Vertoro’s
Norway’s energy storage company Corvus Energy has marked its 500th project order with three zero-emission harbor tugs to be built by Turkish Sanmar Shipyards to serve Canada’s Kitimat LNG project. Courtesy of Corvus Energy Corvus Energy will supply 5288 kilowatt/hour batteries for each of three battery-powered harbor tugs. Sanmar Shipyards.
AET, a Singapore-based petroleum logistics unit of Malaysian energy logistics group MISC Berhad, has completed its first-ever LNG bunkering in the United States. Photo: AET On 9 October 2021, AET worked in coordination with Shell to refuel the LNG dual-fuel Aframax tanker Pacific Ruby outside Port Canaveral in Florida. During the
LNG shipper Golar has secured a one-year fixed-time charter for one of its LNG carriers, generating approximately $36.5 million of revenue. Illustration only; Courtesy of Golar LNG In its commercial update, the Bermuda-based company said its seasonal strength of the LNG carrier segment remains encouraging. Increasing price arbitrages between LNG
The U.S. Department of Energy (DOE) has selected Shell-led consortium to demonstrate the feasibility and cost-effectiveness of large-scale liquid hydrogen (LH2) storage tank. Photo: Shell logo; Source: Navingo For the future energy system, it is of crucial importance that an effective hydrogen supply chain is established. This includes the ability
Greek owner and operator of LNG carriers GasLog has completed the sale of GasLog Salem LNGC to a subsidiary of China Development Bank Leasing (CDBL) for $128 million. Illustration only; Courtesy of GasLog By doing this, GasLog is releasing approximately $22 million of incremental liquidity. The company will also bareboat charter-in the
A rapid replacement of fossil fuels with renewable fuels based on green hydrogen and advanced biofuels could enable to cut up to 80% of CO2 emissions attributed to international maritime shipping by mid-century, a new report by the International Renewable Energy Agency (IRENA) finds. Renewable fuels should contribute at least
Bermuda-based Höegh LNG Partners has recently entered into a ten-year agreement with U.S.-based gas-to-power developer New Fortress Energy to charter the Höegh Gallant FSRU. Courtesy of Höegh LNG The ten-year charter will start in the last quarter of 2021. The Höegh Gallant FSRU will serve New Fortress’ Old Harbour facility
The Finnish technology group Wärtsilä will supply four shaft generator systems for two LNG Carrier vessels that the Sout Korean shipyard Hyundai Heavy Industries is building for the Greek ship management service provider Capital Gas. Courtesy of Capital Gas Each of the two 174,000 cubic metres LNG carriers will feature