Ardmore Shipping Corporation has signed a Letter of Intent with Element 1 Corp. and Maritime Partners to establish a joint venture that would deliver E1’s methanol-to-hydrogen technology to the marine sector. Oregon-based E1 has developed advanced hydrogen generation systems used to power fuel cells with broad use in mobile applications
KARMOL’s first FSRU starts the journey to Senegal
KARMOL, a joint venture between Karpowership and Mitsui OSK Lines, said its first floating storage regasification unit (FSRU) is set to begin sea trials off Singapore, ahead of its deployment to Senegal. Courtesy of MOL The FSRU, called KARMOL LNGT Powership Africa, was delivered on 15 March by Sembcorp Marine
EnergyQuest: Australian LNG exports slip month on month
Lower liquefied natural gas production at the North West Shelf and Ichthys LNG projects, and the shorter month of February hampered Australia’s LNG exports. Courtesy of Inpex During the month of February 2021, Australian LNG shipments reached 6 million tonnes, or 88 cargoes, down from 6.7 million tonnes spread across
U.S. LNG exports edge up in January 2021
The United States liquefied natural gas (LNG) export facilities have continued to up their LNG export volumes in the first month of the year 2021. Courtesy of Cheniere The U.S. Department of Energy reported export volumes of 308.1 Billion cubic feet in January 2021. The volumes increased 1.3 per cent
Van Oord steps up fleet decarbonisation efforts
Van Oord has entered into collaboration with FUELSAVE for the adoption of innovative combustion conditioning technology that is expected to further reduce the emissions on its fleet. Van Oord’s Bravenes vessel (Courtesy of Van Oord) An advanced combustion conditioning system with hydrogen and methanol will be installed on subsea rock
Tellurian slashes debt with $38 mln prepayment
US LNG project developer Tellurian has repaid its 2019 loan in full after a $38 million voluntary prepayment. Courtesy of Tellurian The company noted in its statement on Monday that, as a result of the prepayment, it has reduced its outstanding debt balance to approximately $21 million. President and CEO
Eni and Politecnico di Milano team up for carbon neutrality
Italian Eni and Polytechnic University of Milan signed a new framework agreement for the joint innovation and research centre for technologic acceleration in carbon neutrality. Courtesy of Eni The new framework agreement is signed on 15 March 2021 for five years, extendable to seven. The strategic goal of the agreement
4th giant hybrid Ro-Ro joins Grimaldi’s fleet
The Grimaldi Group has taken delivery of Eco Savona, the fourth of the twelve ultra-modern hybrid Ro-Ro units of the Grimaldi Green 5th Generation (GG5G) series ordered from the Jinling shipyard. The hybrid ro-ro ship has a length of 238 meters, a beam of 34 meters, a gross tonnage of 67,311 tonnes, and
Høglund scores LNG retrofit of Base Marine’s vessel
Norway-based Høglund Gas Solutions has signed a contract with oilfield services provider Halliburton to provide a turnkey LNG retrofit of the 5932-dwt RoRo – combination carrier Hannah Kristina. Courtesy of Base Marine norway Hannah Kristina, owned by Base Marine Norway can operate dry bulk, wet bulk and general cargo. The
Innovation Fund Denmark bankrolls consortium to commercialize sustainable fuels
A consortium of 17 partners from Denmark and other European countries have received more than DKK 30 million ($ 4.8 million) from Innovation Fund Denmark to bring the production of sustainable fuels for aircraft and ships to the stage of commercialization. The project, named Low Carbon fuels for aviation and
ITOCHU to supply marine ammonia fuel in Japan
Japan’s Itochu Corporation, Itochu Enex, Ube Industries and Uyeno Transtech reached an agreement to work together on the supply of marine ammonia fuel and the development of supply sites in Japan. Courtesy of ITOCHU The greenhouse gas (GHG) reduction strategy adopted by the International Maritime Organization (IMO) calls for a