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.
Danish engineering company Eltronic FuelTech has launched a new system for supplying fuel from tanks to engines of methanol-powered ships. According to the company, the system can reduce costs and save energy for shipping companies while enhancing safety. In the wake of the naming of Laura Maersk, A.P. Moller-Maersk’s first
Swiss marine power company WinGD and Japanese shipbuilder and technology developer Mitsubishi Shipbuilding have completed the initial design of an ammonia fuel supply system (AFSS) for vessels powered by WinGD’s X‑DF‑A ammonia-fueled engines. WinGD The AFSS design is the first result of a wide-ranging partnership announced last year that will
Vitol Bunkers, a wholly-owned bunker arm of energy and commodities company Vitol, has taken delivery of its first specialized biofuel bunker barge, Marine Future, in Singapore, bolstering its position in Asia’s biofuel bunker market. Courtesy of Vitol Built in China, the vessel is 102.6 meters long and can carry about
Oslo-based shipowner Norwegian Car Carriers (NOCC) has entered into an agreement with CIMC Raffles Shipyard in China for the construction of two LNG dual-fuel, ammonia-ready car carriers. As informed, the newbuilding will have a capacity of 7,000 CEU. They will be able to run on liquefied natural gas. Furthermore, the
Turkish natural gas company BOTAŞ and Egyptian natural gas company EGAS have agreed to strengthen their energy relations, putting an emphasis on natural gas and LNG trading opportunities, cooperation on natural gas infrastructure and underground storage, as well as sharing technical information and experience. Courtesy of BOTAŞ According to BOTAŞ,
Despite a slight decline in total cargo throughput, 2023 was a year of success for the Port of Rotterdam which is making significant strides in becoming more sustainable. Courtesy of Danny Cornelissen/Port of Rotterdam Last year saw major investment decisions that are contributing to making the port and the logistics
Galveston LNG Bunker Port (GLBP), a joint venture between Seapath Group and Pilot LNG, has joined SEA-LNG, a multi-sector industry coalition promoting LNG as a marine fuel. Galveston LNG Bunker Port facility render. Courtesy of GLBP By becoming a SEA-LNG member, Galveston LNG Bunker Port expects to further enhance the
Classification society ABS has issued an Approval in Principle (AiP) to China’s Yantai CIMC Raffles Offshore for its design of a methanol dual-fuel, heavy-duty offshore wind turbine installation vessel (WTIV). Illustration of the wind turbine installation vessel (WTIV) design; Courtesy Yantai CIMC Raffles Offshore Ltd. “Support vessels like WTIVs are
Australia’s ABEL Energy has awarded compatriot Worley with front-end engineering design (FEED) work for its A$1.7 billion ($1.116 billion) green hydrogen and methanol project at Bell Bay in Northern Tasmania. Courtesy of Worley Under the agreement, Worley said the company will design and engineer the facility, while also providing procurement
Finnish fuel supply systems provider Auramarine has signed a cooperation agreement with Yiu Lian Dockyards (Shekou) and Guangzhou Jihai Shipping Material in order to drive the implementation and uptake of methanol dual fuel systems. Auramarine Following the growth and opportunity of methanol as a future fuel, Auramarine will collaborate with Guangzhou Jihai to deliver