South Korean shipbuilder Samsung Heavy Industries (SHI) and Norwegian maritime technology group Kongsberg Maritime (KM) have signed an agreement for the development of autonomous LNG carriers. Courtesy of Samsung Heavy Industries Under the joint development agreement, the companies aim to develop a 174,000 cbm next-generation LNG carrier that will use
In 2023, the world’s top eleven ocean carriers, which include nine members from three global alliances as well as ZIM and Wan Hai Lines, are set to add a whopping 89 large mainline container ships to their fleets, according to Alphaliner. Image credit Yangzijiang Shipbuilding group This development is poised
While energy and climate crises take their toll on countries worldwide, occasionally pulling them in different directions, the energy transition takes root, steadily gaining ground in pursuit of the low-carbon and green shift. As it is estimated that investments amounting to a whopping $10 trillion are needed for the U.S.
OCI Global, a producer and distributor of hydrogen-based products, and Lotte Fine Chemical, an ammonia distributor based in South Korea, have signed a Memorandum of Understanding (MoU) for the supply of low carbon and green ammonia, with first shipments starting this year from OCI’s US facilities. Courtesy of OCI Global
The first unloading of liquefied petroleum gas (LPG) across the deck of the floating storage and regasification unit (FSRU) according to the ship-to-ship principle has been completed at the Elbehafen LNG terminal in Brunsbüttel, Germany. Courtesy of Höegh LNG Höegh LNG, the owner of the FSRU Höegh Gannet which was
French hydrogen producer Lhyfe has acquired a 49% stake in the Finnish company Flexens, a developer of renewable and green hydrogen and Power-to-X projects. Courtesy of Lhyfe Lhyfe said the move will accelerate the commercial deployment and Finland-based projects of both entities. According to Lhyfe, the companies first started working
Guangzhou Shipbuilding International Co., a subsidiary of China State Shipbuilding Corporation (CSSC), has secured a contract for the construction of three dual-fuel vehicle carriers continuing its winning streak in the sector. Image credit: GSI The order involves the construction of three 8,600 CEU pure car truck carriers (PCTCs) that will
Sempra Infrastructure, a subsidiary of Sempra, has reached a positive final investment decision (FID) for the development, construction and operation of the Port Arthur LNG Phase 1 project in Jefferson County, Texas. Courtesy of Sempra Infrastructure On 20 March, Sempra revealed reaching the FID and closing its joint venture with
Cochin Shipyard Limited (CSL), India’s top shipbuilder, has won a contract from Dutch logistics company Samskip for the design and construction of two zero-emission feeder container vessels. Illustration; Image credit: Cochin Shipyard The project, which includes an option for two more vessels, represents one of the world’s first zero-emission container vessels
In a move to further reduce the environmental impact of their vessels, Finnish shipping company Langh Ship and Dutch multimodal operator Samskip have agreed to switch to biofuel operations. Courtesy of Langh Ship The companies said they switched to biofuel operations for the Langh Ship-owned 750 TEU container vessel Edith