Norwegian shipowner Ocean Yield has finalized the terms of its previous announcement on the acquisition of up to ten ammonia-ready Newcastlemax dry bulk newbuildings. Bulk carrier CMB powered by ammonia Image credit: CMB Namely, in its latest announcement, the company said it had agreed with the charterer to finalize the
Gate LNG terminal, a joint venture of Dutch companies Vopak and Gasunie, has announced that energy majors BP and PetroChina International London Co. Ltd will each separately acquire two billion cubic metres (BCM) per year of regasification and corresponding storage capacity. Courtesy of Gasunie Gate terminal informed that both companies
To boost its efforts in the production and use of green hydrogen and ammonia as low-carbon energy sources, Singapore-based Keppel Corporation has joined the Central Queensland hydrogen (CQ-H2) project consortium to develop a large-scale green hydrogen project in Australia and signed a Memorandum of Understanding (MoU) with technology supplier Incitec
Swedish shipping company Erik Thun Group is investing $3.34 million in the installation of battery packs on nine of its existing vessels in the dry cargo fleet. Image credit: Erik Thun The ship owner explained that by installing battery packs and making the shore power connection smoother for the vessels, the need
French LNG containment specialist GTT has signed a technical services agreement (TSA) with the shipping and maritime company Eastern Pacific Shipping (EPS) and its LNG affiliate CoolCo. Illustration; Courtesy of Eastern Pacific Shipping (EPS) As part of the agreement, GTT is expected to support EPS and CoolCo with the maintenance
Dutch shipowner and operator Royal Wagenborg has revealed that one of its F-class vessels achieved a 68 per cent reduction of greenhouse gas (GHG) emissions while using biofuel during its first Transatlantic voyage. Royal Wagner/Foto: Hans Ravn As disclosed, the vessel’s voyage using co-processed marine fuel demonstrated the ease to
The International Chamber of Shipping (ICS), which represents over 80% of the world’s merchant fleet, has submitted detailed proposals for the next round of IMO negotiations set for July this year with the aim of increasing decarbonization targets and setting a course for a net-zero future. Illustration: ICS The submitted
Quadrise Plc, a supplier of energy solutions, and Vertoro BV, biorefinery specialists, have provided an update on their collaboration to develop a cost-effective supplement or alternative to glycerine in Quadrise’s bioMSAR™ fuel. Illustration only; Archive; Courtesy of MSC Quadrise informed it has produced stable blends of bioMSAR™ containing up to
Swedish sustainable solutions provider Alfa Laval has been contracted to provide FCM Methanol the low-flashpoint fuel supply system (LFSS) for four methanol-fuelled mega boxships. Alfa Laval As informed, the new vessel series will have a two-stroke WinGD methanol engine and four-stroke Wärtsilä methanol engines. FCM Methanol will work for WinGD