Dutch energy storage systems provider EST-Floattech has received an investment of €4 million from Energy Transition Fund Rotterdam and existing shareholders to advance the electrification of the shipping industry. EST-Floattech The Energietransitiefonds Rotterdam, the investment fund of the municipality of Rotterdam, will contribute €3 million as the fund’s first investment
Armada to install air lubrication tech on CoolCo’s LNG carrier
UK-based tech firm Armada Technologies has signed a contract with Bermuda-based LNG carrier owner and operator Cool Company (CoolCo) to install an air lubrication system on a CoolCo’s vessel. Armada Technologies As informed, the technology will be installed on a CoolCo’s ship scheduled to dry dock in 2024. Once commissioned,
Venice Energy picks new FSRU supplier for Outer Harbor LNG terminal
Australian company Venice Energy has signed a new commercial understanding with AG&P LNG, a subsidiary of AG&P Group and developer of LNG terminals and downstream infrastructure, that guarantees that Venice Energy’s Outer Harbor LNG project at Port Adelaide will receive a converted FSRU. The new development was shared by Venice
HD KSOE bags $241 million order for two ammonia carriers
South Korean shipbuilder HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has received an order to build two very large ammonia carriers (VLACs) for a shipping company based in Africa. Illustration; Image credit HD HHI The contract is valued at KRW 322.8 billion (about $241.3 million), HD KSOE said in
Equinor inks 15-year LNG supply deal with India’s Deepak
Norwegian state-owned energy major Equinor and Indian fertilizer and petrochemical company Deepak Fertilisers and Petrochemicals Corporation Ltd. (DFPCL) have signed a 15-year agreement for supplies of liquefied natural gas (LNG) with deliveries starting in 2026. Hammerfest LNG; Image: Harald Pettersen / © Equinor Equinor’s portfolio, based on LNG from the
Greece’s first FSRU receives commissioning LNG cargo
Greece’s first floating storage regasification unit (FSRU) based LNG import terminal is gearing up for commissioning tests with the arrival of the first LNG cargo. Alexandroupolis FSRU. (Archive; Courtesy of Gastrade) The commissioning cargo to the Alexandroupolis FSRU was delivered on February 18, 2024, onboard GasLog Hong Kong LNG carrier. Once
MPCC presses ahead with fleet renewal and decarbonization
Norwegian feeder vessel owner MPC Container Ships (MPCC) has unveiled new strategic initiatives that will significantly accelerate the company’s long-term journey towards fleet renewal and decarbonization. In the first initiative, MPCC has partnered with Danish short sea operator Unifeeder in a joint investment for the construction of a 1,250 TEU
Unifeeder opts for two additional methanol-powered boxships
Danish short sea operator Unifeeder has confirmed a long-term charter agreement for two additional methanol-powered containerships, following a deal signed in October 2023 for two initial methanol-capable vessels. Photo: Unifedeer The latest agreement is in partnership with German-based shipowner Elbdeich Reederei and Norwegian shipowner MPC Container Ships (MPCC), who are responsible
12,000 cbm Brassavola concludes first ship-to-ship LNG bunkering operation
Singapore’s newly built LNG bunker vessel Brassavola has completed its first ship-to-ship (STS) LNG bunkering operation. LNG bunker vessel Brassavola (Archive/Courtesy of Seatrium) Pavilion Energy, charterer of the LNG bunker vessel, announced the milestone on February 19, 2024. In its maiden STS LNG bunkering operation, Brassavola delivered LNG to Rio
Low-emission tugboats ordered for Texas LNG export facility
Texas LNG, a subsidiary of Glenfarne Energy Transition, has selected Gulf LNG Tugs of Texas to build, deliver, and operate tugboats under a long-term agreement to assist LNG carriers arriving at the LNG export facility to be constructed in the Port of Brownsville. Texas LNG According to Texas LNG, the