Hamburg-based H2Global, a foundation dedicated to accelerating the emergence of markets for clean hydrogen and other low-emissions technologies, and the Japan Organization for Metals and Energy Security (JOGMEC) have signed a memorandum of understanding (MoU) to cooperate in the field of clean hydrogen. Courtesy of JOGMEC The MoU was signed
The maritime industry’s fervor for alternative fuels shows no signs of abating as we enter 2024. According to data from DNV-Maritime, since the beginning of the year, 23 methanol-fueled ships have been to the Alternative Fuels for Shipping Index (AFI) database. The ordering has been dominated by the containership sector
François Cornet d’Elzius, Ambassador of Belgium to Cairo, and Waleid Gamal El Dien, Chairman of the General Authority of the Suez Canal Economic Zone (SCZONE) have met to discuss new aspects of cooperation, including green fuel projects. Courtesy of SCZONE On February 7, SCZONE said it received d’Elzius within the
Euronav NV, the Belgian tanker shipping company, has secured approval for the acquisition of 100% of shares in cleantech maritime group CMB.TECH during a Special General Meeting held on February 7, 2024. Illustration; Photo by: Euronav The transaction, valued at $1.150 billion in cash, comes at a time of strategic
As part of the second phase of its massive LNG fleet expansion project, QatarEnergy has selected Qatar Gas Transport Company (Nakilat) to own and operate up to 25 conventional-size LNG carriers pursuant to time charter parties (TCP) to be entered into by affiliates of the two companies. Illustration only; Archive.
MidOcean Energy, an LNG company formed and managed by investment company EIG, has entered into a definitive agreement with energy company SK Earthon to acquire SK’s 20% interest in Peru LNG (PLNG). Peru LNG Plant-Pampa Melchorita; Courtesy of Peru LNG PLNG owns and operates the first LNG export plant in
Finnish state-owned energy company Gasum has been selected to manage shipping company Wasaline’s EU Allowances (EUA) portfolio. Gasum, Wasaline Wasaline has chosen Gasum Portfolio Services as its partner in EU Allowances (EUA) portfolio management. Managing and trading emissions allowances is topical for shipping companies as the EU Emissions Trading System
Norwegian companies Dalane Energi and Hydrogen Solution (HYDS) have launched a new hydrogen production facility in Egersund harbor as a part of the EU-funded ROBINSON H2020 project. Norwegian Minister of Industry Jan Christian Vestre and Knut Førland, Managing Director of Liquiline. Photo: Peter Tubaas/HYDS The official opening ceremony of the
Swedish shipping company Furetank aims to have its entire fleet renewed and environmentally friendly as it ordered two more dual-fuel Vinga product tankers in China. Furetank The two ships will be constructed at the China Merchants Jinling Shipyard in Yangzhou, with delivery expected at the end of 2026 and beginning
NYK Stolt Tankers (NST), a joint venture between shipping companies NYK Line and Stolt Tankers, has reached an agreement with Nantong Xiangyu Shipyard in China to build six 38,000 dwt stainless steel chemical tankers. NYK Stolt Tankers The 19,600 GT units are planned for delivery between late 2026 and 2029.