Search results for: hai long 2

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  • KfW IPEX-Bank to fund Smyril Line’s new e-methanol RoRo newbuilds

    22 February 2024
    Business & Finance, Business Developments & Projects, Infrastructure, Vessels

    Germany’s KfW IPEX-Bank has decided to support Smyril Line’s recently announced fleet-renewal program with a financing of €90 million.

  • New deal bolsters NFE’s presence in Brazil

    28 December 2023
    Business & Finance, Business Developments & Projects, Outlook & Strategy

    U.S. energy company New Fortress Energy (NFE) has signed a definitive agreement to acquire a 1.6 GW capacity reserve contract (PortoCem PPA) from Ceiba Energy that will be transferred to new power assets connected to NFE’s existing LNG terminals in Brazil, enabling NFE to become “leading LNG-to-power company” in the country. According to NFE, the agreement […]

  • World’s first: On-board ammonia cracking system generates pure hydrogen

    21 November 2023
    Business Developments & Projects, Green Marine, Infrastructure, Technology, Vessels

    Spanish hydrogen transport solutions provider H2SITE has commissioned the world’s first on-board ammonia cracking system, generating high-purity hydrogen coupled with a PEM fuel cell which is used to produce electricity for the ship’s auxiliary consumptions. The company shared the milestone on November 21, explaining that an integrated membrane reactor was installed and operated on board […]

  • Höegh Autoliners obtains new $720M loan for Aurora newbuilds, ship purchase

    9 April 2024
    Business & Finance, Business Developments & Projects

    Höegh Autoliners has secured new and long-term financing for all its existing bank debt, the purchase of two vehicles carriers as well as four of the LNG-powered Aurora newbuilds.

  • CMA CGM’s Mermaid makes a splash

    15 February 2024
    Business Developments & Projects, Green Marine, Innovation, Outlook & Strategy, Transition, Vessels

    French containership major CMA CGM has welcomed into the fleet CMA CGM Mermaid, the first ship in a series of ten new 2,000 TEU container ships powered by liquefied natural gas (LNG). The fleet has been designed in cooperation with French shipbuilder Chantiers de l’Atlantique and Danish engineering firm Odense Marine Technique (OMT), which converted […]

  • Dip in gas prices takes its toll on profit but multi-energy recipe still comes through for TotalEnergies

    26 April 2024
    Business & Finance, Business Developments & Projects, Exploration & Production, Transition

    TotalEnergies has set its cap on pursuing a balancing act between hydrocarbons and low-carbon and green sources of supply, which cushioned the fall in profit due to the downward trend in gas prices.

  • Mitsui & Co. invests in Arctic LNG 2 operating company

    3 November 2023
    Business & Finance, Business Developments & Projects

    Mitsui & Co., through Japan Arctic LNG (J-Arc), has invested in Arctic LNG 2 LLC, the operating company for the Arctic LNG 2 project in Russia. Japan Arctic LNG is a Dutch corporation 75% owned by Japan Organization for Metals and Energy Security (JOGMEC) and 25% owned by Mitsui. On November 2, the Office of […]

  • Ex-platform supplier ready for subsea operations

    3 November 2023
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Project & Tenders, Transition, Vessels, Vision

    Wagenborg Offshore has taken into service a subsea support vessel following the conversion from a platform supply vessel (PSV). The Kingsborg subsea support vessel is custom-made and specialized to support subsea activities and decommissioning works in the southern North Sea in a long-term agreement with an “energy major”. The DP2 PX121 vessel, previously named Aurora […]

  • Petrobras charters cargo transfer vessel from MOL while gearing up for talks about new CTV shipbuilding deal

    7 March 2024
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    MOL and Petrobras have inked a charter deal for a cargo transfer vessel (CTV) and plan to embark on negotiations to build a new CTV by year-end.

  • MPCC presses ahead with fleet renewal and decarbonization

    19 February 2024
    Business Developments & Projects, Infrastructure, Vessels

    Norwegian feeder vessel owner MPC Container Ships (MPCC) has unveiled new strategic initiatives that will significantly accelerate the company’s journey towards fleet renewal and decarbonization.

  • DET holds capacity allocation auctions for German North Sea coast terminals

    30 October 2023
    Business & Finance, Business Developments & Projects, Outlook & Strategy

    The state-owned operating company Deutsche Energy Terminal (DET), responsible for the marketing and operation of the four LNG terminals (FSRU) on the German North Sea coast, has for the first time marketed regasification capacities of the terminals in digital auction rounds. On a total of six marketing days, from October 16-19 and October 23-26, 2023, […]

  • Jinling Weihai delivers early Christmas gift to EPS

    26 December 2023
    Business Developments & Projects, Green Marine, Vessels

    China Merchants Jinling Shipyard (CMJL) Weihai, also known as Jinling Weihai, has delivered the 7,000-CEU LNG dual-fuel car carrier CMA CGM Indianapolis to Singapore-based ship management company Eastern Pacific Shipping (EPS). The shipbuilder said that the delivery took place 102 days ahead of schedule. The early delivery of this project marks the company’s entry into the fast lane of […]

  • Deal for ExxonMobil’s LNG project enables UK player’s first ‘long-term’ foray into Papua New Guinea

    21 November 2023
    Business & Finance, Business Developments & Projects, Project & Tenders

    Altrad Sparrows has tucked under its belt a new contract for the provision of comprehensive crane maintenance services with ExxonMobil.

  • Purus Marine orders another dual-fuel ethane carrier from HD KSOE

    29 January 2024
    Vessels

    UK-based shipping company Purus Marine has ordered an additional dual-fuel very large ethane carrier (VLEC) from South Korean shipbuilding giant HD Korea Shipbuilding & Offshore Engineering (HD KSOE).

  • N-Sea bolsters its subsea offering by prolonging charter deal for 2010-built vessel

    23 November 2023
    Business & Finance, Business Developments & Projects, Project & Tenders, Vessels

    N-Sea has extended its long-term charter agreement for a 73.2-meter-long and 16.5-meter-wide DP2 survey vessel.

  • Neste: Porvoo refinery to be gradually transformed into renewable and circular solutions refining hub

    25 December 2023
    Business Developments & Projects, Outlook & Strategy, Research & Development

    Finnish company Neste has completed the strategic study and begins a gradual transformation of its crude oil refinery in Porvoo into a renewable and circular solutions refining hub. Neste launched the strategic study in September 2022 with an aim to significantly grow its renewables and circular production in Porvoo long term, starting with the co-processing of both […]

  • World’s longest interconnector officially launched

    19 April 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Collaboration, Environment, Infrastructure, Outlook & Strategy, Project & Tenders, Regulation & Policy, Transition, Vision

    Deemed the world’s largest interconnector, Viking Link, connecting the UK and Denmark, has officially been inaugurated. The £1.7 billion Viking Link, which started operating on December 29, 2023, has a capacity of 1.4 GW and stretches for 475 miles under land and sea, joining the Bicker Fen substation in Lincolnshire, UK, with the Revsing substation in southern […]

  • With Red Sea quagmire running unabated, vessel attacks top 23 as oil prices drop down

    3 January 2024
    Business & Finance, Business Developments & Projects, Exploration & Production, Market Outlooks, Safety, Vessels

    Oil prices have now settled down, but is this just the calm before the storm or will prices remain stable without further spikes?

  • World’s largest 3D-printed eco boat unveiled in the UAE

    13 November 2023
    Business Developments & Projects, Collaboration, Environment, Infrastructure, Innovation, Outlook & Strategy, Transition, Vessels, Vision

    Al Seer Marine and Abu Dhabi Maritime, both based in the United Arab Emirates (UAE), have unveiled the world’s first 3D-printed water taxi.

  • New carbon insetting program unveiled to accelerate shipping’s zero-emission future

    5 April 2024
    Business Developments & Projects, Collaboration, Outlook & Strategy, Transition

    A consortium of maritime organizations has introduced ‘the world’s first’ Carbon Insetting Program for Zero Emission Shipping.

  • Performance Shipping inks construction deal for LNG-ready LR2 Aframax duo

    21 December 2023
    Business Developments & Projects, Green Marine, Outlook & Strategy, Transition, Vessels

    Greek tanker owner Performance Shipping has signed two contracts with China Shipbuilding Trading Co. and Shanghai Waigaoqiao Shipbuilding for the construction of two 114,000 dwt LNG-ready LR2 Aframax product/crude oil tankers. The oil tanker vessels are expected to be delivered in January and April of 2026, at a purchase price of $64,845,000 per vessel. The vessels will […]

  • Science Based Targets initiative approves Fugro’s net-zero targets

    24 April 2024
    Business & Finance, Business Developments & Projects, Environment, Outlook & Strategy, Project & Tenders, Transition, Vision

    The Science Based Targets initiative (SBTi) has approved Fugro’s near- and long-term science-based emissions reduction targets. Fugro’s net-zero target spans all three emission scopes, with the ultimate goal of achieving net-zero greenhouse gas (GHG) emissions across the value chain by 2050. “This validation by the Science Based Targets initiative underscores Fugro’s strong dedication to its […]

  • Baker Hughes lands work on Canada’s Cedar LNG project

    9 April 2024
    Business & Finance, Business Developments & Projects, Project & Tenders, Transition

    Baker Hughes has won a contract to supply Black & Veatch with electric-driven liquefaction technology for Canada’s Cedar LNG project.

  • Euronav brings its ammonia-powered VLCC tally to three, adds two Suezmax orders to the mix

    7 December 2023
    Business Developments & Projects, Green Marine, Outlook & Strategy, Transition, Vessels

    Belgian tanker company Euronav NV confirmed this morning that it has lifted the option for one more very large crude carrier (VLCC) at Chinese shipyard Qingdao Beihai and ordered two Suezmaxes at Daehan Shipbuilding in South Korea. The confirmation comes on the heels of shipbroker reports on the order and follows the lifting of VLCC […]

  • 11-meter-long Kongsberg AUV makes a splash

    30 October 2023
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Project & Tenders, Technology

    Kongsberg Discovery has commenced an extensive program of sea trials for its new long-range autonomous underwater vehicle (AUV) Hugin Endurance. Measuring approximately 11 meters in length, with a diameter of 1.2 meters and weighing around 8,000 kg, Hugin Endurance is said to be the largest member of Kongsberg Discovery’s Hugin family of AUVs. The AUV, […]