Singapore-based ship owner and operator BW Epic Kosan has secured its first sustainability-linked loan, valued at up to $140 million. Illustration; Image courtesy: J.Luaritzen The company plans to use the loan to refinance 19 vessels, while an additional acquisition line of $20 million will support potential growth opportunities. The loan
Hanseatic Energy Hub (HEH) has selected Enagás, the Spanish transmission system operator (TSO), as its industrial partner for the operation of the liquefied gases terminal in Stade, Germany. Courtesy of Hanseatic Energy Hub Enagás joined the HEH as an industrial partner and co-shareholder with a 10% stake, subject to compliance
Marine fuel supplier Bunker One has launched its first methanol-ready bunker tanker. Bunker One Bunker One has signed a long-term charter of the tanker MT Nore, which as of May 2023, received all bunkering permits and certifications for operating in the region. MT Nore is the fourth bunker tanker in
Koedood Marine Group in Hendrik Ido Ambacht has been a leading and innovative company for many years. After founding the company in 1961 by their father, Arie and Bert Koedood extended the family business into an established player when it comes to Mitsubishi shipping, offshore, and industrial engines. Koedood Marine
With the winds of change sweeping across the offshore energy landscape, skills shortages in the industry are coming under the spotlight, as the workforce spearheading the transition to low-carbon and green sources is facing an ever-increasing energy skills gap while it tries to navigate the switch to emerging sectors and
Subsea 7, in collaboration with OneSea Energy, has secured £150,000 (around $187,000) in funding from the Scottish government to investigate pairing a large-scale floating hydrogen production system with a floating wind farm offshore Scotland. Image: Subsea 7/OneSea Energy The funding was awarded as part of the Hydrogen Innovation Scheme under
QatarEnergy’s LNG trading arm, QatarEnergy Trading, has inked a long-term LNG sale and purchase agreement (SPA) with Bangladesh Oil, Gas and Mineral Corporation (Petrobangla). Courtesy of QatarEnergy The 15-year agreement will see QatarEnergy supply about 1.8 million tons per annum (mtpa) of LNG to Bangladesh, starting in 2026. Saad Sherida
Technology and engineering group Sener has completed the conceptual design of a new model of sustainable tanker that can carry heavy fuel oil (HFO), very low sulfur fuel oil (VLSFO), biofuels and marine gas oils (MGO), and can also store the captured CO2 from nearby vessels. Illustration; Courtesy of Sener
A recent analysis by Maersk Mc-Kinney Moller Center has identified four key constraints that may hinder the supply of renewable electricity to the maritime industry in the 2030s and 2040s, potentially leading to a shortage of e-fuels. Shipping/Illustration; Image by Offshore Energy The key constraints highlight the challenges that need
In what was described as a significant milestone, Omani hydrogen company Hydrom, a subsidiary of Energy Development Oman (EDO), has signed agreements to award three hydrogen projects to be developed in the Sultanate. Courtesy of Hydrom The agreements were signed today, 1 June, as a result of the first round of