Jiangnan Shipbuilding, a subsidiary of China State Shipbuilding Corporation, has delivered the world’s largest Very Large Liquefied Gas Carrier (VLGC) to Singapore-based shipping and trading company Petredec. Image credit CSSC/Jiangnan Shipbuilding This marks a significant milestone for the shipbuilding industry, as the 93,000 cubic meter VLGC is the largest VLGC
The UK-based Core Power has reached its $100 million funding milestone to develop new nuclear technology for the maritime industry. Image by Corepower The funding has been provided by the shipping industry, shipyards, shipowners, charterers, etc, according to the company’s CEO, Mikael Boe, with a large share coming from Japanese backers.
Canadian naval architectural company Robert Allan and Turkish shipbuilder and tugboat operator Med Marine have signed a Memorandum of Understanding (MoU) to design electric and hybrid tugs. Credit: Med Marine As disclosed, the agreement was signed in Istanbul on 24 March this year. Specifically, the partners will work on VoltRA series of
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Knutsen LNG France, a part of Knutsen OAS Shipping, has taken delivery of Grazyna Gesicka, a 174,000 cbm LNG carrier constructed by South Korean shipbuilder Hyundai Heavy Industries. Courtesy of Knutsen LNG France In a brief social media update, Knutsen LNG France said the LNG carrier was delivered on 28
Singapore-based integrated LPG company Petredec Global has secured a $ 315 million loan from a syndicate of international banks to finance six 93,000 cbm VLGCs with dual fuel LPG propulsion. Image credit Petredec The ships are on order at Jiangnan Shipyard (Group) Co. Ltd and are expected to deliver throughout
French energy major TotalEnergies, classification society Bureau Veritas (BV), LNG containment specialist GTT and ship designer LMG Marin have joined forces to develop a large-scale liquid hydrogen (LH2) carrier. Credit: GTT As disclosed, the partners signed a joint development project to work on a 150,000 cbm vessel which will be
Japan’s energy major JERA has signed a 20-year LNG sales and purchase agreement (SPA) with US LNG export project developer Venture Global CP2 LNG. Illustration / Courtesy of Venture Global LNG Pursuant to the LNG SPA, JERA is expected to purchase approximately one million tonnes per year of LNG produced
ISH, a 137,500 cbm floating storage unit (FSU), has arrived at Atlantic Gulf & Pacific’s (AG&P) Philippines LNG (PHLNG) import terminal in Batangas Bay, bringing affordable and clean LNG to the country for the first time. ISH FSU docks at Philippines LNG import terminal (Screenshot). Source: AG&P Chartered by AG&P
Maersk Growth, a venture arm of industry major A. P. Moller – Maersk, has together with VÅR Ventures, invested in Kvasir Technologies, a Danish technology company developing a proprietary technology for the production of carbon-neutral biofuel from non-edible biowaste material. Image credit: Kvasir Technologies The company has raised EUR 2.15 million