South Korea’s shipbuilding giant Hyundai Heavy Industries, an affiliate of HD Hyundai, announced today that it has become the world’s first company whose cumulative production of two-stroke marine engines exceeds 200 million horsepower output. Image credit: HHI The company held a ceremony to mark the occasion at its Ulsan-based engine
Technip Energies, an engineering and technology company, has been selected by Texas Green Fuels (TGF) to commence a pre-FEED (Front End Engineering and Design) for the TGF Galveston Bay clean fuels export project. Archive / Illustration only / Courtesy of Technip Energies According to Technip Energies, TGF’s export complex will
US-based ammonia power solutions company Amogy Inc. today announced its $139 million Series B-1 fundraising. Illustration; Image credit Amogy The round was led by SK Innovation, joined by other global investors including Temasek, Korea Zinc, Aramco Ventures, AP Ventures, MOL PLUS, Yanmar Ventures, Zeon Ventures, and DCVC. The startup said that the
Qatar Gas Transport Company (Nakilat) and HSD Engine have signed a long-term service agreement for the provision of spares and maintenance services necessary to maintain the reliability of engines onboard Nakilat’s liquified natural gas (LNG) vessels. Nakilat This agreement is expected to improve the operational efficiency of the vessels’ engines
UK-based shipping company Carisbrooke Shipping has partnered up with Grafmarine, a compatriot manufacturer of modular clean energy generation, storage, and power management solutions, to pilot solar energy cells on a Carisbrooke vessel. Image credit: Carisbrooke Shipping Grafmarine’s NanoDeck AI Solar tile management solution is a modular system that turns any
Italian energy company Snam has completed docking operations for floating storage and regasification unit (FSRU) Golar Tundra in the port of Piombino. FSRU Golar Tundra. Courtesy of Snam According to Snam’s social media update, the docking operations were safely completed on Sunday, 19 March as the company expects to put
US-based LNG player Excelerate Energy has entered into an amended and restated senior secured credit agreement, including a $250 million term loan for the purchase of a floating storage and regasification unit (FSRU). Excelerate Sequoia. Courtesy of Excelerate Energy In addition to the new $250 million term loan maturing on
The Ukraine crisis brought about the global energy crisis in 2022, which put energy security at the forefront while ushering in the energy trilemma to ensure a secure, affordable and sustainable energy supply. Bearing in mind the challenges this raises, Shell, the UK-headquartered energy giant, has revealed two energy security scenarios,
Maersk, the Danish container shipping major, has announced the design details of its first methanol-powered vessel. Image credit Maersk The company shared photos of the vessel’s design on its social media channels, showing off the feeder vessel from multiple angles. This is a significant milestone for the company and the
Canada’s Chamber of Commerce (CMC), representing over 100 Canadian & U.S. ports, shipowners, and other marine transportation companies operating in the Great Lakes-St., has unveiled its 2023 wish list to legislators and policymakers targeting the creation of a “green corridor” in the Great Lakes–St. Lawrence region. Illustration, Image credit: Provided