South Korean shipbuilder Hyundai Samho Heavy Industries, a subsidiary of Korea Shipbuilding & Marine Engineering Co., has won an order for the construction of two LNG dual-fuel pure car truck carriers (PCTC). The order is worth KRW 331 billion ( approximately $ 237 million) and it has been placed by
Greek shipping company Tsakos Energy Navigation (TEN) is accelerating its fleet modernization efforts as it seeks to invest in greener ships. The company said it was looking into divesting some of its older vessels and replacing them with more modern, eco-friendly vessels. The strategy builds upon the recent sale of
Renewable-based power systems, backed by grid balancing engines and energy storage, can enable Southeast Asian countries to reach net zero by mid-century whilst cutting the levelised cost of electricity (LCOE) by over 20%, when taking into account likely future carbon taxes, according to technology group Wärtsilä. The modelling, published in
Irish green hydrogen company EIH2 and Port of Cork have signed a memorandum of understanding (MoU) with the Dutch Port of Amsterdam to establish a supply chain for green hydrogen between Ireland and Europe via the Port of Amsterdam. The agreement is said to reflect the collaboration between Ireland and
Canada-based supplier of clean energy solutions Shift Clean Energy (Shift) has received type approval from both the Indian Register of Shipping (IRS) and Japanese Marine Standards (NK) for its energy storage system. The backing comes on the heels of a type approval from the American Bureau of Shipping (ABS) revealed
Classification society American Bureau of Shipping (ABS) has granted approval in principle (AIP) to CSSC Qingdao Beihai Shipbuilding CO., LTD and China Ship Design & Research Center Co., Ltd (CSDC) for the world’s first methanol-powered Newcastlemax bulk carrier. The dual-fuel, 210,000 dwt vessel is also equipped with the methanol tank
The Middle East and North Africa (MENA) region could emerge as a leader in global steel decarbonisation with investment in green hydrogen and renewable energy, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). As the global steel industry moves to switch to direct
As demand for marine fuel solutions increases, oil and shipping company Monjasa has acquired Monjasa Shaker, a 9,600 dwt oil and chemical tanker, to be deployed for cargo and bunkering operations in the Arabian Gulf. According to the company, the vessel allows onboard product blending and is capable of supporting
BP’s Tortue FPSO; Photo courtesy of COSCO Chinese shipyard COSCO Shipping Heavy Industry has completed the construction of a floating production storage and offloading (FPSO) vessel for BP’s Greater Tortue Ahmeyim (GTA) LNG project in Mauritania and Senegal. The completion ceremony for BP’s Tortue FPSO was held at the COSCO