Marine fuel supplier Peninsula has confirmed the renewal of its syndicated European credit facility, reporting an increase from $350 million to $450 million. Courtesy of Peninsula The supplier said that, together with the group’s Asian syndicated facility and other bilateral lines, the increase in the European credit facility provides it
Southern hydrogen corridor or SoutH2 Corridor, a hydrogen-ready pipeline corridor connecting North Africa to central Europe, has received support from Italian, Austrian and German ministries of energy for its development in the European Union and for the respective infrastructure projects to obtain the status of Project of Common Interest (PCI).
Svitzer, a towage provider and part of A.P. Moller-Maersk, has awarded a contract to Uzmar Shipyard to build two new TRAnsverse tugs for its Australian business. Illustration; Courtesy of Svitzer According to Svitzer, the TRAnsverse tugs, created in collaboration with Robert Allan Ltd., deliver an estimated 10-15% reduction in fuel
Dutch energy storage systems provider EST-Floattech has been awarded a contract to provide Octopus Series battery system for a new electric fast ferry built for German Ferry operator AG Reederei Norden-Frisia. EST-Floattech AG Reederei Norden-Frisia is taking steps towards achieving its vision of a green future. The company contracted Dutch
DAI Infrastructure GmbH and Freepan Holdings Corp have entered a ten-year green ammonia purchase agreement. The companies signed a Memorandum of Understanding (MoU) according to which Freepan will offtake 800 000 TPA of green ammonia. According to DAI, the green ammonia will be produced in East Port Said, Egypt, where
Cool Company (CoolCo), an owner, operator and manager of LNG carriers, has entered into a new time charter agreement for one of its TFDE vessels. Courtesy of CoolCo The multi-year charter with an undisclosed energy major starts early next year, upon redelivery from the vessel’s current charter. It will add backlog
UK-based HVDC cable company XLCC has completed model testing on its new cable laying vessel (CLV) that was announced last year and which will be deployed in the renewable energy sector. Source: XLCC The vessel will feature battery energy storage systems and shore power to reduce fuel consumption and has
Ricardo, a strategic, environmental and engineering consulting company, is working with the Sustainable Hydrogen Powered Shipping (sHYpS) consortium to design and develop hydrogen fuel cell propulsion technologies to power the next generation of zero-emissions passenger ships. Courtesy of Ricardo According to Ricardo, the project involving 13 partners in six European
Egypt has made a step towards establishing the country’s first green methanol production project which will include investments of about $450 million and produce 40,000 tons of green methanol per year. Courtesy of Egypt’s Ministry of Petroleum and Mineral Resources The joint development agreement for this project was signed on
Germany will almost halve planned capacity for liquefied natural gas (LNG) terminals in the Baltic Sea, Reuters reported a government source as saying. Archive; Courtesy of RWE Two floating LNG terminals are to be sited at Mukran off the Rügen coast with an annual capacity of around 10 billion cubic