Pacific Ineos Grenadier; Image credit: INEOS Hong Kong-based Pacific Gas, a fully owned subsidiary of Shandong Shipping, has placed an order for four 99,000cbm very large ethane carriers with Chinese shipbuilder Jiangnan Shipbuilding (Group) Co, a subsidiary of China State Shipbuilding Corporation. The contract is estimated to be worth around $540 million,
Australia’s Fortescue Future Industries (FFI) and Italy’s Enel Green Power (EGP) are partnering up to explore the co-development of the green hydrogen value chain with an initial focus on Latin America and Australia. Through this collaboration, the companies aim to make green hydrogen cost-competitive with fossil fuel-based alternatives during this
Image credit: Wallenius Marine Longkou Shipyard in China held the keel laying ceremony for the first vessel from the Sleipner concept, which will be chartered out to Volkswagen Konzernlogistik GmbH & Co. OHG. The ships, which were ordered back in 2021, are being built and will be managed by Swedish
Horisont Energi and Neptune Energy are set to apply for the license to operate an area for CO2 storage in the North Sea that Norway’s Ministry of Petroleum and Energy announced on 2 November. The parties plan to apply together, with Neptune Energy having the operatorship for the development phase
Norway’s cleantech company TECO 2030, together with other partners, has received an invitation for HORIZON EUROPE funding of €5 million ($4.8 million) to realize the hydrogen-powered tanker concept HyEkoTank. Photo: TECO 2030 The partners involved in the project are Shell International Trading and Shipping Company Limited and Shell International Exploration
Norway’s Equinor and UK’s Centrica have signed a cooperation agreement to explore the development of a low-carbon hydrogen production hub at Easington in East Yorkshire, with the aim to strengthen the region’s status as the UK’s foremost hydrogen place. Under the agreement, the Centrica-operated area at Easington could transition to
Image credit: BV Singapore-based bunker supplier Global Energy Trading, and Stellar Ship Management Services, wholly-owned subsidiaries of Global Energy Group, together with Bureau Veritas classification society, have entered into an agreement for the construction of a methanol bunkering ship. The order was confirmed at a signing ceremony in Osakikamijima, Hiroshima,
Cool Company (CoolCo), a recently established LNG carrier operator, has decided to purchase four LNG carriers from Quantum Crude Tankers Inc, an affiliate of Eastern Pacific Shipping (EPS). As informed, the firm plans to spend $600 million on two 174,000 cbm LNG carriers and 170,200 cbm vessels. In a fleet renewal
Finnish shipbuilder Meyer Turku has delivered the LNG-powered Carnival Celebration cruise ship to Carnival Cruise Line. This is the second ship in Carnival’s Excel class and it was delivered on schedule. The cruise ship will start its maiden voyage already later this week. The vessel was launched at Meyer Turku
Sakhalin II liquefied natural gas (LNG) project in Russia has enough technical expertise to operate even without departed shareholder Shell, Reuters reported Mitsui & Co’s CEO Kenichi Hori as saying. Shell announced its plans to exit its 27.5% stake in the Sakhalin II LNG project, writing off an investment with