Shipbroker Simpson Spence Young (SSY) claims forward freight agreements (FFAs) will play an integral role in the volatile LNG market. SSY: FFAs will play a key role in LNG market LNG freight futures contracts based on Spark Commodities’ price assessments were launched by Intercontinental Exchange (ICE), a company that operates
French container shipping major CMA CGM reduced the overall emissions of its fleet by 4% in 2020 compared to 2019, the company said in its annual report for 2020. Since 2008, the group has reduced its CO2 emissions by 49% (TEU-km), in line with its objective of reaching -50% emissions by 2030.
Image credit: RINA Classification society RINA has issued an Approval in Principle (AiP) Certificate to Marine Design and Research Institute of China (MARIC) for its 157,000dwt dual fuel crude oil tanker. The vessel features an innovative propulsion system featuring two four-stroke dual-fuel engines and an electric power demand arrangement system. According
The Port of Rotterdam, Europe’s leading trading hub, is working on the development of a new hydrogen pipeline together with Gasunie to form the backbone of the future hydrogen infrastructure. Courtesy of Port of Rotterdam The project, named HyTransPort.RTM, is a key step forward in establishing Rotterdam as a major
Russian shipping giant has teamed up with Shell to complete the first LNG bunkering of an Aframax tanker in the United States. Courtesy of Sovcomflot Sovcomflot’s Gagarin Prospect, on long-term charter to Shell, was en-route from Corpus Christi to Europe. The vessel received 1,075 cubic metres of LNG from the
Finnish wave energy company AW-Energy has welcomed Patrik Pykälä-Aho to its team to help optimise its process of producing green hydrogen using WaveRoller technology. Patrik Pykälä-Aho (Courtesy of AW-Energy) Studying a Master’s degree in Energy Systems and Markets at Aalto University, Patrik Pykälä-Aho has previous fuel cell and electrolyser experience
MAN Energy Solutions unveiled yesterday its latest low-speed, dual-fuel engine, a MAN B&W ME-GA type, at a ceremony live-streamed from its Copenhagen Research Centre. The new engine is an Otto-cycle variant of the company’s ME-GI engine, designed for LNG/fuel-oil running. The engine manufacturer said that the ME-GA engine is inherently
French energy major Total’s energy transition policy and the orientation of investments towards carbon neutrality will be put to the vote of the shareholders at the annual shareholders’ meeting. Courtesy of Total The board of directors of Total met on 17 March and decided on the shareholders’ meeting to be
South Korean fuel cell manufacturer Doosan Fuel Cell is partnering up with local shipbuilder Korea Shipbuilding & Offshore Engineering Co. (KSOE) to jointly develop eco-friendly solid oxide fuel cells (SOFC) for ships. On 18 March 2021, the duo signed a memorandum of agreement (MOU) at Korea Shipbuilding & Marine Engineering Research
U.S. engineering company Black & Veatch has been selected by Eneegix Energy to undertake feasibility studies of the world’s largest green hydrogen plant. When operational, Enegix Energy’s Base One facility in Ceará, Brazil, will produce more than 600 million kilogrammes of green hydrogen annually. The new-build electrolysis facility will be