Japanese shipping company Mitsui O.S.K. Lines (MOL) has signed a transition-linked loan to finance “one of the world’s largest” liquefied natural gas (LNG) bunkering vessels and the first one to be based in France, Gas Vitality. As informed, the loan is provided by French multinational investment bank and financial services
Massive investment announcements and ambitious new developments in the energy and shipping sectors marked this week on Offshore Energy (well, together with our Offshore Energy Exhibition & Conference), as work on the global energy transition is moving forward through numerous new initiatives. Premium content Checking for account. You need javascript
Meyer Neptun Engineering, a newly founded startup focused on green innovations and part of Germany’s shipbuilder Meyer Group, plans to cooperate with the Leibniz Institute for Catalysis (LIKAT Rostock) to explore climate-neutral fuels. For this purpose, Meyer Neptun Engineering supports a project proposal of LIKAT Rostock to the Federal Ministry
Norwegian offshore vessel operator Eidesvik Offshore has won a contract extension with Wintershall Dea for the platform supply vessel (PSV) Viking Princess. In October last year, Eidesvik was awarded a time charter contract by Wintershall Dea Norge for this PSV. The 12-month contract started in December 2020. Eidesvik confirmed on
Daphne Technology, a Swiss climate tech startup addressing the greenhouse gas (GHG) challenge, has attracted investments from industry majors in the second investment round. Investors include Shell Ventures – a corporate strategic investor for Anglo-Dutch energy major Shell, Swiss commodity trader Trafigura, Singapore-based shipping company AET, and Saudi Aramco Energy
Nordic energy company Gasum has bunkered liquefied biogas (LBG) for the first time to an offshore supply vessel (OSV) owned by Swedish oil firm Lundin Energy. The bunkering from truck to ship was performed to vessel Island Crusader at the Risavika harbor in Norway. Island Crusader is a battery hybrid unit
Canadian methanol producer and supplier Methanex Corporation and Japanese shipping firm Mitsui O.S.K. Lines (MOL) have concluded definitive agreements for MOL to acquire 40 per cent stake in Methanex’s subsidiary Waterfront Shipping (WFS). According to the companies, the definite agreements are in line with the previous contract signed in July
Germany has decided to provide subsidies in order to stimulate the construction of vessels for bunkering liquefied natural gas (LNG) and renewable fuels. Premium content Checking for account. You need javascript to validate your login status. Premium Premium content Subscribe to continue Become a PREMIUM Subscriber Do not want to
The UK government has announced GBP 380 million (around €450 million) of investment in offshore wind in its Autumn Budget and Spending Review. Up to GBP 230 million (around €272.5 million) of this will be available from GBP 1.4 billion (around €1.66 billion) that the government is allocating for the