Norwegian shipping company Avance Gas has raised long-term financing for the two last remaining liquefied petroleum gas (LPG) dual-fuel very large gas carriers (VLGCs) newbuildings. Illustration only; Courtesy of Avance Gas On 31 August 2022, Avance Gas revealed this information in its unaudited results for the second quarter of 2022.
Knutsen NYK Offshore Tankers (KNOT), a joint venture between Japanese shipping company NYK and Norway’s shipping company TS Shipping Invest, has taken delivery of its second dual-fuel LNG shuttle tanker. Courtesy of NYK Named Sindre Knutsen, the newbuilding was delivered at South Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME)
The Bill Gates-founded investment fund Breakthrough Energy Ventures (BEV) has entered as an investor in Danish fuel cell company Blue World Technologies alongside Vaekstfonden, DEUTZ AG, and existing investors who invested back in December 2021 to complete the company’s €37 million series B round. Courtesy of Blue World Technologies As
Classification society DNV has issued approval in principle (AiP) to Norway-based H2Carrier for its industrial-scale concept for a floating production unit to produce green ammonia at sea, confirming the technical feasibility of the design. H2Carrier is the designer and owner of the proprietary P2XFloater concept, based on the conversion of
e1 Marine, a global renewable energy company, said that its M-series methanol to hydrogen generator has received Approval in Principle (AiP) for marine applications from the Republic of the Marshall Islands (RMI) Maritime Administrator. The AiP covers application on any vessel type and comes on the heels of an AiP
The U.S. classification society American Bureau of Shipping (ABS) is providing new technology qualification (NTQ) services for pioneering ammonia subsea storage technology from the provider of tech solutions NOV. Illustration only; Courtesy of NOV The joint development project (JDP) includes NOV, ABS, Equinor, Shell, The Research Council of Norway and
With prices soaring 400 per cent, Wood Mackenzie, an energy intelligence group, points out that the Australian energy crisis has highlighted the need for a new gas supply, challenging the government to find the delicate balance between energy security and net-zero goals. Wood Mackenzie said on Monday that the Australian east
French classification society Bureau Veritas (BV) has issued a new ‘biofuel ready’ notation to support the wider deployment of biofuels in the shipping industry. BV said that this notation will help the maritime industry address the main challenges related to the use of biofuels by ships, providing requirements to ensure
The energy transition progress towards a sustainable future has encountered roadblocks in the form of fossil fuel subsidies, based on an analysis by the International Energy Agency (IEA) and the Organisation for Economic Co-operation and Development (OECD), which outlines that the backing for fossil fuels almost doubled in 2021, reaching
A recently established company that focuses on the development of renewable energy and green hydrogen projects has submitted an application for a maritime concession for a site offshore Bari. There, the Italy-based developer plans to build a 1.2 GW floating wind farm whose electricity would be used for hydrogen production