War in Ukraine is transforming the outlook for the supply, demand, and price of hydrocarbons and the pace and cost of the energy transition. While the precise timing and implementation of future bans on Russian commodity imports are difficult to predict, a rewriting of energy trade flows is now underway,
Norwegian ship design company Breeze Ship Design has entered into an agreement with Nordic Green Ammonia Powered Ships (NoGAPS) project consortium to conduct feasibility studies and develop the concept design for the ammonia-fueled gas carrier MS NoGAPS. As informed, the design discussions kicked off at a workshop in Copenhagen on 23 May
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) and compatriot steel-making company POSCO have hit a new milestone in their technological collaboration to build eco-friendly dual-fuel propulsion vessels. Photo: DSME After more than 10 years of joint research with POSCO, DSME applied high-manganese steel to LNG fuel tanks for
South Korean shipbuilding giant Korea Shipbuilding & Offshore Engineering (KSOE) has received an order for the construction of two liquefied natural gas (LNG) carriers. The order, valued at KRW 617.3 billion (about $477 million), has been placed by an undisclosed Oceanian shipowner. The construction work will be performed by KSOE’s
Norwegian state-owned energy giant Equinor has joined the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, a nonprofit, independent R&D centre, on its journey to accelerate and boost the decarbonisation of the shipping industry. As part of its goal “to take a leading role in the energy transition,” Equinor has set
Houston-based LNG export company Freeport LNG has said that the shutdown of its Quintana Island liquefaction facility will last longer than initially expected following a fire incident earlier this month. As reported last week, the incident happened on 8 June at the Freeport LNG liquefaction plant on Quintana Island, Texas,
Indian steel-making company Tata Steel has entered into an agreement with Dutch firm Van Dam Shipping to develop a hydrogen-powered vessel. As informed, the vessel concept to be developed will have a loading capacity of approximately 5,000 tons and will be the first vessel of this type. Courtesy of: Tata
US-based supply solutions provider Eagle LNG Partners has partnered with compatriot cruise holding company Royal Caribbean Group to provide liquefied natural gas (LNG) bunkering for the company’s LNG ships. As disclosed, the LNG supply will be sourced from Eagle LNG’s liquefaction facilities in Jacksonville, Florida. Photo by: Eagle LNG Partners