Flex LNG bags charter extension for Flex Resolute with ‘super major’

LNG shipping company Flex LNG has secured an extension of the charter of its LNG carrier Flex Resolute that will keep the vessel on a fixed-hire contract until at least the first quarter of 2027. Archive. Courtesy of Flex LNG The 2020-built Flex Resolute was fixed on a three-year time …
Yesterday, container shipping heavyweights Hapag-Lloyd and Maersk made waves in the liner shipping industry after revealing a groundbreaking operational cooperation deal, leading to Hapag’s withdrawal from THE Alliance. The move marks a strategic shift that promises to reshape the dynamics of the global shipping landscape. Berling Express; Image credit: Hapag-Lloyd …
Swiss methanol producer and tanker owner Proman and Saudi Arabia’s national shipping carrier Bahri have announced a five-year agreement for Bahri Chemicals, a Bahri arm, to time-charter two methanol-powered ships, Stena Provident and Stena Progressive, to transport various products globally. Proman The vessels were officially named during a ceremony hosted at Guangzhou …
The third plug-in hybrid vessel ordered by AtoB@C Shipping, a Swedish subsidiary of Finland-based shipping company ESL Shipping, has been launched in India. AtoB@C Shipping The launching ceremony for the 5,350 dwt Ecomar took place at Chowgule Shipyard on January 18, 2024. The outfitting, including the final painting, will continue at the …
Spanish EPC contractor Técnicas Reunidas has completed the engineering design for the hydrogen and blue ammonia plant co-developed by Canada’s Pembina Pipeline Corporation and Japan’s Marubeni Corporation in Alberta, Canada. Técnicas Reunidas Under the contract awarded last year, Técnicas Reunidas carried out the preliminary design of an industrial-scale facility dedicated …
Dong Kwan Kim, Vice Chairman of South Korean business conglomerate Hanwha Group, has unveiled a new vision for the decarbonization of shipping and introduced Hanwha’s plans to build a zero-emission gas carrier at the 2024 World Economic Forum (WEF) meeting in Davos, Switzerland. Hanwha Group Powered entirely by alternative fuels, …
Shanghai COSCO Shipping Heavy Industry, a subsidiary of COSCO Shipping Heavy Industry, has held a delivery ceremony for the floating storage and regasification unit (FSRU) Etyfa Prometheas, which will serve the first Cyprus LNG import terminal in Vasilikos. Courtesy of COSCO Shipping Heavy Industry According to COSCO, the project is …
Japanese shipping company Kawasaki Kisen Kaisha (K Line) has embarked on an interesting fleet expansion move in the bulk shipping sector. Namely, K Line has inked a contract with compatriot shipbuilder Nihon Shipyard, a joint venture between Japan Marine United Corporation (JMU) and Imabari Shipbuilding, for the construction of three methanol-ready …
Neste and the partners have concluded a three-year e-fuel research project demonstrating high-temperature electrolysis (SOEC), carbon capture, and hydrocarbon synthesis technologies and covering all parties in the value chain from carbon capture to green hydrogen and fuel production, logistics, and users of the transportation fuels in aviation, road, and marine …
Container shipping industry giants Hapag-Lloyd and Maersk have signed an agreement for a new long-term operational collaboration called ”Gemini Cooperation”, which will start in February 2025. Image credit: Maersk “Teaming up with Maersk will help us to further boost the quality we deliver to our customers. Additionally, we will benefit …
Earlier today SAIC Group, a prominent Chinese automotive manufacturer, officially named and commissioned the LNG dual-fuel car carrier SAIC Anji Sincerity. Image credit: Saic Motor Constructed by CSSC Jiangnan Shipyard, the vessel, featuring 7,600 parking spaces, is exclusively built for SAIC Anji Logistics, a subsidiary of SAIC Group. Saic Motor …
Singapore-based shipping company Ocean Network Express (ONE) has confirmed the order for twelve 13,000 TEU methanol dual-fuel containerships at Jiangnan Shipyard and Yangzijiang Shipbuilding. Ocean Network Express (ONE) As informed, each shipyard will build six vessels. The ships will have dual-fuel methanol propulsion and are all scheduled to be delivered from …