The UK government has selected two clusters, led by energy majors, to receive the funding and develop their proposed carbon capture usage and storage projects starting from 2025. Carbon Capture, Usage and Storage, or CCUS, will be essential to meeting UK’s net-zero ambitions. The UK Prime Minister’s 10 Point Plan
Korean shipyard Samsung Heavy Industries (SHI) has awarded GE Power Conversion a contract to supply its SeaGreen Power take-off (PTO) system for Maran Gas’ new LNG carrier. Illustration only; Courtesy of Business Wire GE Power Conversion will supply the SeaGreen PTO system, incorporating its medium voltage, compact advanced permanent magnet
UK-based marine energy company Marine Power Systems (MPS) has joined forces with Marine2o to develop integrated solutions to support the production of green hydrogen from offshore renewable energy sources, using marine vessels to transport this energy vector to market. MPS’ floating offshore renewable energy technology (Courtesy of MPS) This first
Hyundai Glovis, the logistics arm of Korean Hyundai Group, has signed a deal with U.S.-based hydrogen and LNG supplier Air Products to work on establishing a global hydrogen supply chain. Courtesy of Hyundai Glovis The parties signed a memorandum of understanding (MoU) for the establishment of a domestic liquid and
Norway-based shipping company Kanfer Shipping is in talks for chartering of its first two small-scale LNG bunker and distribution ships ordered from the Chinese Taizhou shipyard. Courtesy of Kanfer Shipping Back in May, Kanfer signed a yard agreement with the Taizhou Wuzhou Shipbuilding Industry for the construction of two LNG
Danish ship owning company Celsius Tankers has ordered a new series of LNG carriers from Korean shipyard Samsung Heavy Industries that will be chartered to Swiss LNG trading company Gunvor. Illustration only; Courtesy of Celsius Shipping A unit of Celsius Shipping is expanding its LNG fleet with an order for
The Port of Valencia has revealed that it will be the first European port to install a green hydrogen plant to reduce the environmental impact of its terminal machinery operations. The station, which will be installed in January next year, will be mobile and will provide the necessary fuel, in the
Zero Emission Compressed Hydrogen (ZECH) study on hydrogen value chain for maritime is a part of the ZeroCoaster project study coordinated by Vard, a major shipbuilding company. Courtesy of Hexagon Purus Norway has set a target to reduce emissions by 50 per cent by 2030. There is also a growing
Maritime investments fund Pelagic Partners acquires two LPG carriers together with Danish gas shipping specialist B-Gas. Courtesy of Pelagic Partners With this acquisition, the ship-owning fund now owns in total five LPG carriers that it controls. The two semi-ref LPG carriers originate from 2003 and 2004. They offer capacities of
Russia’s natural gas producer Novatek held its first Arctic LNG Projects Shipowners Conference in Moscow with stakeholders in Russian Arctic shipping attending. Courtesy of Novatek Novatek says the following attended the conference: top management of the world’s major shipping companies; leading manufacturers of marine equipment; developers of state-of-the-art IT solutions for