South Korean shipbuilding heavyweight Korea Shipbuilding & Offshore Engineering (KSOE) has received an order for three liquefied natural gas (LNG) carriers. KSOE’s unit Hyundai Heavy Industries will construct the 200,000 cbm LNG vessels for an undisclosed shipowner from Oceania. The value of the contract is KRW 971.4 billion ($784 million).
As a founding member of the First Movers Coalition (FMC), commodities group Trafigura has committed to carbon dioxide removal as well as to purchase at least 50,000 tonnes of durable and scalable net carbon dioxide removal credits by the end of 2030 generated through advanced carbon dioxide removal technologies. This
Chinese shipyard Hudong-Zhonghua Shipbuilding Group Co. has started construction of the second liquefied natural gas (LNG) carrier ordered by Mitsui O.S.K. Lines (MOL) as part of QatarEnergy’s massive LNG shipbuilding program. The construction of the 174,000 cbm carrier started on 16 January at the Changxing Shipbuilding Base in the presence
A new three-part plan to unleash American energy confirms the reign of oil and gas is far from over, but the shift to low-carbon is the industry’s paradigm. Premium content Checking for account. You need javascript to validate your login status. Premium Premium content Subscribe to continue Become a PREMIUM
With the integration of the LNG floating storage and regasification unit (FSRU) Exemplar into Gasgrid Finland’s gas transmission network, Finland’s first FSRU-based terminal, located in the deep harbour at Inkoo, is now fully ready for use. Esa Hallivuori, Senior Vice President of Transmission Business at Gasgrid Finland, said: “We have
Image credit Incat South American ferry operator Buquebús is in talks with Australian catamaran builder Incat Tasmania on the possibility of replacing the LNG powerplant with a battery-electric solution on its newbuilding ferry under construction at the yard. Having an overall length of 130 metres, a width of 32 metres
Neapolitan shipping company Grimaldi Lines has ordered five additional ammonia-ready car carriers in China. The order went to Shanghai Waigaoqiao Shipbuilding Company Limited (SWS) and China Shipbuilding Trading Company Limited (CSTC), two subsidiaries of China State Shipbuilding Corporation Limited (CSSC). The contract to build five new Pure Car & Truck Carrier
The US, Canada, and Mexico have ‘committed to combatting the climate crisis’ by working together on the development of a clean hydrogen market in North America. At the conclusion of the North American Leaders’ Summit, the countries agreed to work together in six areas, including methane emissions reduction, electric vehicle
Spanish energy company Enagás has reached an agreement with Germany’s Uniper to acquire a 20% stake in the Dutch BBL Company, an owner of a 235-kilometre subsea gas interconnection between the Netherlands and the UK. Enagás concluded the deal as part of the objectives of its strategic plan to contribute
Maran Tankers Management, an oil tanker shipping unit of the Angelicoussis Shipping Group, has taken delivery of its first LNG dual-fuel very large crude carrier (VLCC). Courtesy of Maran Tankers Management The vessel, which was named Antonis I. Angelicoussis after the group’s founder, was delivered on 3 January by South