The governments of Singapore and Japan have signed a memorandum of cooperation (MoC) to establish first Singapore – Japan Green and Digital Shipping Corridor (GDSC), aiming at developing standards and best practices supporting the decarbonization, digitalization and growth of the maritime industry. MPA Singapore The MoC was signed between the
Gastrade’s floating storage regasification unit (FSRU) Alexandroupolis, former 2010-built LNG carrier GasLog Chelsea, has arrived in Greece after completing an almost 10-month conversion at Seatrium shipyard in Singapore. Alexandroupolis FSRU. Courtesy of Gastrade The FSRU, which entered Keppel Shipyard in Singapore in early February 2023 for the regasification equipment to be installed, sailed
Polish shipbuilder Remontowa Shipbuilding S.A. has signed a contract to construct a hybrid-powered passenger-car ferry for Torghatten Nord AS, one of the largest ferry operators in Norway. Image credit: Remontowa Shipbuilding The ferry will be fitted with two azimuth thrusters with vertically mounted electric motors powered by batteries. In case of
AtoB@C Shipping, a Swedish subsidiary of Finland-based shipping company ESL Shipping, has taken delivery of Electramar, the first vessel in the series of twelve energy-efficient plug-in hybrid vessels. Electramar. Source: AtoB@C Shipping The delivery ceremony took place at India’s Chowgule Shipyard on December 15, 2023. Flying the flag of Cyprus, the
Geneva-based energy trading firm Gunvor Group has closed a €400 million loan to support the Italian industry by securing natural gas and LNG supplies while promoting the export of Italy’s goods and services. Illustration only. Image: Gunvor Group The five-year facility is guaranteed by SACE, the Italian Export Credit Agency
The UK-based marine energy solutions provider KPI OceanConnect has supplied two bulk carriers owned by India-based company ArcelorMittal Shipping with B24 very low sulfur fuel oil (VLSFO) at the Port of Fujairah, the United Arab Emirates (UAE). The bunkering of GCL Tapi and GCL Sabarmati took place at Fujairah anchorage
Spanish ferry operator Baleària has launched its second LNG dual-fuel fast ferry Margarita Salas at the Armon Shipyard in Gijón, where it is currently under construction. Margarita Salas; Image credit: Baleraria Worth a total investment of €126 million, Baleària’s Margarita Salas is set to commence operations next summer. “We already
Japanese energy giant JERA and Indonesia’s largest state-owned oil and natural gas company Pertamina have signed a memorandum of understanding (MoU) to collaborate on business opportunities for infrastructure investment in low-carbon fuels such as LNG and hydrogen/ammonia. Illustration only; Archive. Courtesy of JERA JERA and Pertmina announced the MoU on
Yale-based start-up Oxylus Energy has converted captured carbon dioxide (CO2) into methanol using an electrolyzer at room temperature and pressure at a production-level scale. On December 13, Oxylus Energy said it had passed the key benchmark test for the deployment and commercialization of its proprietary catalyst and electrolyzer technology in
U.S.-based tanker owner and operator Overseas Shipholding Group (OSG) has inked an engine upgrade program with German powerhouse MAN Energy Solutions for its Alaskan Class fleet. Illustration; Image credit MAN ES The upgrade program covers four vessels from the series including Alaskan Explorer, Alaskan Frontier, Alaskan Legend, and Alaskan Navigator, all approaching