The Finnish technology group Wärtsilä’s has been contracted to deliver its advanced hybrid solution for a new Canadian ferry. Courtesy of Wärtsilä The order was placed in January 2021 by the British Columbia Ministry of Transportation and Infrastructure. Delivery is scheduled for the second half of 2022. The vessel is
Norwegian fertilizer company Yara International ASA revealed it is taking further steps to enable the hydrogen economy by establishing a new global unit – Yara Clean Ammonia. With this move, the company wants “to capture growth opportunities within carbon-free food solutions, shipping fuel and other clean ammonia applications”, as explained by Svein
French LNG containment specialist GTT is contracted to design the tanks for an LNG carrier newbuild. Courtesy of GTT/Roland Mouron The tank designs are ordered by the South Korean shipyard Hyundai Samho Heavy Industries. The vessel will be capable of transporting up to 174,000 cubic meteres of chilled fuel. The
Malaysian energy giant Petronas and Japan’s power generation company Jera partnered up to collaborate on a wide range of low-carbon energy initiatives, covering LNG, ammonia, and hydrogen. Courtesy of Petronas The companies entered into a memorandum of understanding (MoU) on 9 February 2021. The signing is a result of both
Prices of spot liquefied natural gas (LNG) imported into Japan have hit levels that initially prompted the government to start monitoring the market in March 2014. Courtesy of Tokyo Gas Data from Japan’s Ministry of Economy, Trade and Industry shows that the price of spot LNG contracted during January 2021
Norwegian floating LNG player Höegh LNG, has secured charter extensions of its current interim LNG carrier deals with Trafigura and Cheniere. Courtesy of Höegh LNG The company noted that it has reached an agreement with Trafigura for an extension of the existing interim LNGC time charter for Höegh Gannet by
The consortium behind the Gazprom-led Nord Stream 2 natural gas pipeline has resumed pipe laying offshore Denmark despite mounting pressure on the project from Washington. According to an article by Reuters, construction of the link, which would double the capacity of the existing Nord Stream pipeline to 110 billion cubic
GasLog Partners, the New York-listed spinoff of LNG shipper GasLog, appointed Roland Fisher as an independent director to the partnership’s board of directors. Courtesy of GasLog GasLog Partners is focused on owning, operating, and acquiring LNG carriers under multi-year charters. GasLog Partners’ fleet consists of 15 LNG carriers with an
LNG giant Qatar Petroleum has taken the final investment decision for developing the North Field East Project (NFE). Courtesy of Qatar Petroleum The project will raise Qatar’s LNG production capacity from 77 million tons per annum (mtpa) to 110 mtpa. In addition to LNG, the project will produce condensate, LPG,
HitecVision, a Norwegian capital provider for the energy industry, and compatriot Agder Energi, a provider of renewable energy solutions, are teaming up to develop new companies for the coming energy transition. HitecVision said in a statement on Monday that their aim is to take advantage of Norway having some of
Marine solutions and system integration expert Høglund signed a contract with German shipyard Abeking & Rasmussen to supply the fuel gas supply system (FGSS) for three vessels of the German government. Courtesy of Høglund The customised FGSS is developed to allow the LNG-fuelled vessels to take on hazardous roles such
German liner company Hapag-Lloyd has concluded two green financial deals worth a total of $889 million. The financing will be used for six ultra-large 23,500 TEU container ships, which were ordered in December 2020. The company said that the two deals include debut transactions according to the Green Loan Principles