C-Zero Inc., a California-based clean energy company that has developed a technology for natural gas decarbonisation, has closed a $34 million dollar financing round led by SK Gas, a subsidiary of South Korea’s second-largest conglomerate, the SK Group. Courtesy of C-Zero SK Gas was joined by two other new investors
Italian cruise line Costa Cruises, part of Carnival Corporation, has christened its second cruise ship, Costa Toscana, powered by liquefied natural gas (LNG). As informed, the christening ceremony of the vessel, which was delivered to the company last December, took place in Barcelona on 16 June. The 185,000 GT cruise
Dutch independent fuel supplier to the marine industry, Titan LNG, has decided to rebrand as Titan. Illustration. Courtesy of Titan As explained, the new name better reflects Titan’s commitment to delivering all the fuels that decarbonize shipping and industry in a substantial way, such as liquefied biomethane (LBM), and any
War in Ukraine is transforming the outlook for the supply, demand, and price of hydrocarbons and the pace and cost of the energy transition. While the precise timing and implementation of future bans on Russian commodity imports are difficult to predict, a rewriting of energy trade flows is now underway,
Norwegian ship design company Breeze Ship Design has entered into an agreement with Nordic Green Ammonia Powered Ships (NoGAPS) project consortium to conduct feasibility studies and develop the concept design for the ammonia-fueled gas carrier MS NoGAPS. As informed, the design discussions kicked off at a workshop in Copenhagen on 23 May
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) and compatriot steel-making company POSCO have hit a new milestone in their technological collaboration to build eco-friendly dual-fuel propulsion vessels. Photo: DSME After more than 10 years of joint research with POSCO, DSME applied high-manganese steel to LNG fuel tanks for
South Korean shipbuilding giant Korea Shipbuilding & Offshore Engineering (KSOE) has received an order for the construction of two liquefied natural gas (LNG) carriers. The order, valued at KRW 617.3 billion (about $477 million), has been placed by an undisclosed Oceanian shipowner. The construction work will be performed by KSOE’s
Norwegian state-owned energy giant Equinor has joined the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, a nonprofit, independent R&D centre, on its journey to accelerate and boost the decarbonisation of the shipping industry. As part of its goal “to take a leading role in the energy transition,” Equinor has set
Houston-based LNG export company Freeport LNG has said that the shutdown of its Quintana Island liquefaction facility will last longer than initially expected following a fire incident earlier this month. As reported last week, the incident happened on 8 June at the Freeport LNG liquefaction plant on Quintana Island, Texas,
Indian steel-making company Tata Steel has entered into an agreement with Dutch firm Van Dam Shipping to develop a hydrogen-powered vessel. As informed, the vessel concept to be developed will have a loading capacity of approximately 5,000 tons and will be the first vessel of this type. Courtesy of: Tata
