South Korean shipbuilders are resuming their winning streak from last year as they reap fruit from the growing demand for high-end ships featuring dual-fuel propulsion and advanced technology. Illustration; Image by KSOE The country’s key ship manufacturers have secured over $7 billion in new orders since the beginning of this
French container shipping major CMA CGM is bunkering biofuels on 32 vessels across its vast fleet as part of its decarbonization efforts. Illustration; Image by Navingo “Biofuel is a big part of our roadmap to decarbonization,” Francois-Xavier Accard, Managing Director of CMA CGM’s International Shipping Company Pte. Ltd. said during
Technology company ZeroNorth, a digital spin-off of Maersk Tankers, has acquired Singapore-based platform for marine fuel suppliers BTS PTE Ltd. to support bunker suppliers to digitalise operations and reach decarbonisation goals. Archive; Illustration only. Courtesy of Maersk Tankers Under the agreement, ZeroNorth will acquire BTS’ flagship suite of services iBMS
Chinese shipbuilder New Times Shipbuilding (NTS) has started the construction of a new dual-fuel bulk carrier for Bermuda-based shipping company Himalaya Shipping. NTS The steel cutting ceremony was held at the company’s shipyard on 17 February. The vessel has an overall length of 299.95 meters, a molded width of 50 meters,
Singapore-based Global Centre for Maritime Decarbonisation (GCMD), together with its consortium partners, has completed trialling two supply chains of biofuel blends from different origins as part of a drop-in biofuels pilot project announced in July 2022. Archive; Illustration. Courtesy of GCMD The full pilot involves 19 industry partners, with 13
Shell Petroleum NV, a wholly-owned subsidiary of Shell plc, has completed the acquisition of 100% of the shares of a Denmark-based renewable natural gas producer (RNG, also known as biomethane) Nature Energy Biogas A/S. Courtesy of Nature Energy By purchasing the shares, Shell has acquired Nature Energy’s portfolio of operating
Spanish multinational energy company Cepsa has signed a Memorandum of Understanding (MoU) with the ACE Terminal in the Port of Rotterdam, the Netherlands to create a green hydrogen supply chain. Image credit ACE Namely, Cepsa is developing 2GW of green hydrogen at its two Energy Parks in Andalusia, southern Spain, as
Anglo-French oil and gas player Perenco has taken a final investment decision (FID) for the construction of a liquefied natural gas (LNG) production unit in Gabon. Archive; Illustration only. Source: Perenco The LNG plant will be built at the Cap Lopez oil terminal that Perenco acquired from TotalEnergies in 2021.
French LNG containment specialist GTT has finished the 2022 financial year with solid results, expecting market growth in the coming years. Illustration / Courtesy of GTT / Zéphyr and Borée It had consolidated revenues of €307.3 million and consolidated EBITDA of €161.1 million. As pointed out in the report, it