South Korean shipbuilding heavyweight HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has secured an order for the construction of four LNG carriers. Illustration; Archive; Courtesy of Hyundai Samho Heavy Industries Four LNG carriers have been ordered by an unnamed shipping company from Oceania, HD KSOE said in a stock exchange
Dutch offshore drilling services provider Glomar Offshore has revealed that it has achieved CO2 emissions reduction by 28% by transitioning from traditional fuels to GoodFuels’ HVO30, a sustainable marine biofuel blend. FincoEnergies As disclosed, Glomar Offshore took its first steps towards making its operations more sustainable several years ago by
State-owned oil and gas giant QatarEnergy has revealed the name of the first LNG carrier to be delivered as part of its historic LNG fleet expansion program. Illustration only; Archive. Courtesy of QatarEnergy On February 23, the company said it had named the first vessel “Rex Tillerson” in recognition of
Swiss renewable energy company Axpo has become a shareholder in compatriot H2Uri AG, a company building the first green hydrogen production plant in central Switzerland. The hydrogen produced at this plant will be used to power the first hydrogen passenger vessel operated by Lake Lucerne Navigation Company (SGV) on Lake
The Maritime and Port Authority of Singapore (MPA) has shortlisted a total of 11 passenger launch and cargo lighter vessel designs submitted by seven companies and consortia for the full electric harbor craft (e-HC) program. The expression of interest (EOI) launched by the MPA on July 10, 2023, for e-HC program in Singapore received 55
The Export-Import Bank of Korea (Korea Eximbank) has signed a Memorandum of Understanding with Germany’s KfW IPEX-Bank in Frankfurt to boost high-tech innovation and fortify supply chains. Korea Eximbank As informed, the two banks agreed to join efforts in identifying and co-financing projects in strategic sectors like high-tech, decarbonization, and
Flex LNG, the owner and operator of LNG carriers, has received a notice that the charterer of its vessel Flex Courageous will exercise the first extension option. Flex Courageous. Courtesy of Flex LNG Together with Flex Resolute, Flex Courageous was fixed on a three-year time charter on November 1, 2021,
Swedish electrofuel developer Liquid Wind, together with its partners Alfa Laval, Carbon Clean, Siemens Energy, and Topsoe, has launched the eFuel Design & Performance Center (DPC) in Hørsholm, Denmark. Liquid Wind eFuel facility (Illustration). Courtesy of Liquid Wind The launch of DPC builds on Liquid Wind’s partnership formed in 2020 and
Germany’s KfW IPEX-Bank has decided to support Smyril Line’s recently announced fleet-renewal program with a financing of €90 million. Courtesy of Smyril Line Headquartered on the Faroe Islands, the shipping company operates year-round transport between Denmark and the Faroe Islands, Iceland and the Netherlands. As informed, the funds will be
Japan’s IHI Corporation and Singapore’s ST Engineering have signed a memorandum of understanding (MoU) on the joint promotion of smart and sustainable solutions. Courtesy of IHI Corporation Specifically, under the MoU, the two parties will explore the application of their smart and sustainable solutions in new use cases and markets.