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Final rig sets sail to Mexico as NFE nears first gas from Altamira Fast LNG
U.S. energy company New Fortress Energy (NFE) has provided new updates on its Fast LNG project in Altamira, Mexico. On September 27, 2023, the liquefaction rig Pioneer II set sail for Altamira, where it will meet Pioneer I and Pioneer III, NFE said in a brief social media update. Pioneer III was ins
AYRO secures $21 million financing for OceanWings wingsail solution
French designer and manufacturer of wingsail solution AYRO has secured a 19.2 million € ($21 m) Series B round financing for its OceanWings.
AL Group taps ABS to study Ultramax conversion to methanol
The American Bureau of Shipping (ABS) and Asiatic Lloyd Maritime LLP, member of the AL Group, have signed a joint development project (JDP) to study the feasibility of converting the fuel system of an ultramax bulk carrier, from conventional diesel to methanol. The study is focused on a series of up
Transocean raising cash to pay for its newbuild drillship
Transocean will use the net proceeds from the notes to partially finance the construction, acquisition, and alteration of a drillship.
Unboxing the ammonia-powered 15,000 TEU boxship: Seatrade and Foreship reveal key design features
Ammonia-powered container vessels are technically feasible and their development can meet acceptable preliminary safety concepts, according to the insights from a concept design study carried out by Maersk Mc-Kinney Moller Center for Zero Carbon Shipping, in partnership with Seaspan, ABS, and Foresh
Minesto’s Dragon gets its wings ahead of take off
Swedish ocean energy developer Minesto has completed the manufacturing of the Dragon 12 wing and started system integration at quayside in Uddevalla port in Sweden.
TotalEnergies’ energy transition roadmap comes under fire due to oil, gas and LNG ties
An analysis of TotalEnergies’ energy production diversification strategy was undertaken by Reclaim Finance.
Enova pumps $65.6 million into zero-emission ship and tech projects
Enova, a Norwegian government enterprise, has decided to invest NOK 709 million ($65.6 million) to provide financcial support for zero-emission ship and technology projects.
Value Maritime wraps up installation of Filtree system on Ardmore’s tanker
Value Maritime has completed the first in a series of nine installations of its emissions-reducing Filtree systems for chemical tanker company Ardmore Shipping Corporation.
Global low-emissions hydrogen growth threatened by lack of policy support and high costs, IEA report shows
While interest in new low-emissions hydrogen is on the rise, the slow roll-out of financial incentives and cost pressures put investment plans for future projects at risk, according to a new report published by the International Energy Agency (IEA). The latest edition of the IEA’s annual Global Hydr
DNV: Onboard CC and nuclear propulsion can compete with other decarbonization solutions
Onboard carbon capture and nuclear propulsion, previously regarded as ambitious concepts, are not only mere contenders in the quest for cleaner shipping but formidable ones, fully capable of taking on established decarbonization solutions, according to the recent findings from DNV. DNV has conducted
China enriches offshore oil & gas operations arsenal with its first and ‘world’s largest’ fracturing vessel
A design scheme of China’s first offshore oilfield fracturing vessel passed the basic design review of China Classification Society (CCS).
US DOE backs six small marine energy projects with nearly $7M R&D funding
The U.S. Department of Energy (DOE) has supported six small business-led marine energy projects with close to $6.8 million in an effort to drive innovation in marine energy industry.
NYK to use Marlink’s smart hybrid network on its vessels
Marlink, a French smart network and digital solutions company, has secured a contract to extend its smart hybrid network solutions onboard ships owned by Japanese shipping major NYK.