Container shipping major Maersk has launched the construction of its 16,200 TEU dual-fuel containerships that can run on green methanol. Namely, South Korean shipbuilder Hyundai Heavy Industries hosted a steel-cutting ceremony for what is believed to be the first vessel from the series on November 28, 2022, based on a
NEOM Green Hydrogen Company, a joint venture created by ACWA Power, Air Products and NEOM, has awarded an engineering, procurement and construction (EPC) contract to Indian Larsen & Toubro (L&T) for the planned mega green hydrogen plant in Saudi Arabia. On 22 December, NGHC announced that the contract was signed
South Korea’s defense and energy conglomerate Hanwha Group is reportedly looking to acquire a controlling share in compatriot marine engine maker STX Heavy Industries. Hanwha has set sights on buying a 47.81 percent share in the company from a local equity firm Pinetree Partners worth an estimated KRW 100 billion
Due to increases in the liquefied natural gas (LNG) fuel costs and a “non-sustainable financial situation”, Norwegian ferry company Fjord Line has decided to rebuild its two ships from LNG-only engines to dual-fuel LNG / marine gas oil (MGO) engines. “The energy crisis, caused by the Russian invasion of Ukraine,
Chinese energy company ENN LNG has decided to purchase additional volumes of liquefied natural gas (LNG) from NextDecade’s Rio Grande LNG export project in Brownsville, Texas. Earlier this year, the companies signed a 20-year sale and purchase agreement under which Enn committed to buying 1.5 million metric tonnes per annum (mtpa) of LNG.
TC Energy-led Coastal GasLink has set a strong foundation for the next and final year of construction, with the project achieving more than 80% its completion. Courtesy of Coastal GasLink The Coastal GasLink team said that among many achievements, the most notable ones include the 100% pipe installation in Sections
Chinese shipbuilding company Xiamen Shipbuilding Industry, part of Fujian Mawei Shipbuilding, has held a steel-cutting ceremony for the first liquefied natural gas (LNG)-powered pure car/truck carrier (PCTC) being built for Bank of Communications Leasing (Bocomm Leasing) and COSCO Haite. As disclosed, the steel-cutting ceremony took place at the company’s Wang Nenghua shipyard
Illustration; Image credit MOL This year saw an ordering spree for LNG carriers amid spiking demand for LNG driven primarily by the ongoing geopolitical turbulence in Europe as the EU battles to break away from dependence on Russian gas instigated by Russia’s war in Ukraine. A total of 162 new
Japanese electricity generator JERA has signed a key term sheet with Oman LNG for the long-term sale and purchase of liquefied natural gas (LNG). Under the 10-year agreement, JERA will purchase up to 12 cargoes (approximately 0.8 million tons) per year of LNG produced from the Oman LNG project starting
US liquefied natural gas (LNG) export project developer Venture Global and Japan’s oil and gas company Inpex have signed a long-term sales and purchase agreement for the purchase of one million tonnes per annum (1 mtpa) of LNG for 20 years. Under the agreement, Inpex Energy Trading Singapore (IETS), a