Ever Given made headlines yesterday following its grounding in one of the key bloodlines of the global trade, namely the Suez Canal. Specifically, 12% of world trade takes place through the Suez Canal, and estimates from Bloomberg indicate that the blockage has halted $9.6 billion worth of traffic a day.
Global energy giant Shell completed its first LNG bunkering services at the Port of Gibraltar. Courtesy of Port of Gibraltar Shell-chartered LNG bunker vessel Coral Methane supplied LNG to Lomonosov Prospect, an Aframax tanker operated by Sovcomflot. This is also an important milestone for the Port of Gibraltar and its
Danish shipping company A.P. Moller – Maersk is the newest member of the Methanol Institute trade association. Courtesy of A.P. Moller – Maersk A methanol dual fuel ship with a capacity of around 2000 twenty-foot equivalent units will be the Maersk’s first carbon-neutral vessel. The vessel will be deployed in
Singapore’s Energy Market Authority (EMA) named ExxonMobil and Sembcorp as new term LNG importers. Courtesy of Singapore LNG Corporation EMA licenses term LNG importers to ensure that their import and supply of regasified LNG to gas users in Singapore on a term basis are competitive and reliable. There are currently
Saga Pure, a Norwegian green investment company that recently switched its focus from shipping to renewables, has committed to subscribe for NOK 30 million ($3.5 million) in a private placement of new shares in IC Technologies AS (ICT). Based in Trondheim, Norway, ICT is developing a storage solution for liquid
Aker Solutions and Doosan Babcock have agreed to jointly deliver low-carbon and renewable energy projects in the UK. Courtesy of Aker Solutions The partners will particularly focus on pursuing and winning contracts for new hydrogen production plants, and facilities for carbon capture, utilization and storage (CCUS). Opportunities for other projects
Italian energy infrastructure operator Snam has signed a memorandum of understanding with Mubadala Investment Company to collaborate on joint investment and development initiatives on hydrogen. Courtesy of Mubadala As part of the agreement, the two companies will carry out a number of assessment activities, including technical and economic feasibility studies
French major Total and MSC Cruises put pen to paper on a supply deal for the latter’s upcoming LNG-powered cruise ships to make calls in the port of Marseille. Courtesy of Total Under the agreement, Total will supply approximately 45,000 tons per year of LNG to MSC Cruises’ vessels. Commenting
Malaysian energy giant Petronas has hit a milestone with the first LNG cargo delivery from its second FLNG facility, PFLNG Dua, on Wednesday, March 24. Courtesy of Petronas The company noted in its statement this feat makes it the first company to produce LNG from two floating facilities. The cargo
Intercontinental Exchange said that the LNG freight futures contracts based on Spark Commodities’ price assessments which launched on March 22, traded on the first day. Illustration. Courtesy of Vitol First-day trading included 15 lots of Spark30S Atlantic and 15 lots of Spark25S Pacific LNG freight futures contracts for the June