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Panoramic view of Gwangyang 1st LNG Terminal; Source: POSCO International
Fossil Energy

South Korea’s LNG terminal fully operational, second due in 2026

POSCO International has completed the construction of the first non-state-owned liquefied natural gas (LNG) terminal at the country’s Gwangyang port, which is meant to increase energy security for the East Asian country.

about 2 years ago
CDB Leasing
Shipbuilding

TORM seals $340 million deal to buy eight MR tankers

Danish shipping company TORM has signed an agreement to purchase eight second-hand MR tankers for $340 million.

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about 2 years ago
Scarlet Ibis LNG vessel; Source: Northern Marine
Fossil Energy

Hyundai Glovis welcomes first LNG carrier to its fleet

Hyundai Glovis has entered the liquefied natural gas (LNG) transportation industry thanks to the delivery of its first LNG carrier, which was overseen by ship management and marine services solutions company Northern Marine.

about 2 years ago
WATCH: After 28 days at sea, Prysmian's new cable layer reaches Norway for final fit-out
Cabling

After 28 days at sea, Prysmian’s new cable layer reaches Norway for final fit-out (Video)

Prysmian’s new cable laying vessel (CLV) Monna Lisa has arrived at Vard’s shipyard in Norway from Romania, with outfitting completion, installation of main mission equipment and trials now on schedule. After the Italian cable giant disclosed plans to invest in the CLV Monna Lisa, a sister vessel to

about 2 years ago
Vard starts building final 86-meter ammonia-ready robotic vessel for Ocean Infinity
Alternative Fuels

Vard starts building final 86-meter ammonia-ready robotic vessel for Ocean Infinity

Construction of the sixth 86-meter ammonia-ready robotic vessel ordered by Ocean Infinity has begun at Vard Vung Tau shipyard in Vietnam.

about 2 years ago
Fugro to survey site for Norway's first large-scale offshore wind farm
Grid

Irish TSO awards €300 million multi-party survey contract for Phase Two offshore wind farms

Irish transmission system operator (TSO) EirGrid has awarded a multi-party framework agreement for surveys that the TSO will perform at the offshore wind area(s) the Irish government will put up for tender next. The companies that secured long-term contracts, valued at €300 million in total, are Fug

about 2 years ago
AAL
Clean Fuel

AAL names second methanol-ready Super B-Class vessel

Singapore-based shipping company AAL Shipping (AAL) is about to take delivery of the second methanol-ready dual-fuel multipurpose vessel following the naming ceremony at the CSSC Huangpu-Wenchong Shipyard in Guangzhou, China.

about 2 years ago
Longship launches, names third diesel-electric vessel
Alternative Fuels

Longship launches, names third diesel-electric vessel

Dutch shipping company Longship has held a launching and christening ceremony for the third out of four ultra-low-emission, diesel-electric general cargo ships at Türkiye’s Atlas Shipyard.

about 2 years ago
LNG heat exchanger; Source: Air Products
Fossil Energy

Honeywell splashes out $1.81 billion on LNG business to boost energy transition offering

Honeywell has agreed to buy Air Products’ LNG process technology and equipment business to offer end-to-end services for global customers.

about 2 years ago
CIPP picks potential operator for green ammonia export terminal in Brazil
Alternative Fuels

CIPP picks potential operator for green ammonia export terminal in Brazil

Stolthaven Terminals, in cooperation with Global Energy Storage (GES), has been selected by the Port of Pecém Authority (CIPP) as the only potential operator to plan, design, build and operate a green ammonia terminal in Pecém, in the State of Ceará, Brazil.

about 2 years ago
Höegh Autoliners launches third multi-fuel Aurora-class vessel
Alternative Fuels

Höegh Autoliners launches third multi-fuel Aurora-class vessel

Norway-based shipping company Höegh Autoliners has launched the third multi-fuel Aurora-class pure car and truck carrier (PCTC).

about 2 years ago
NKT confirmed as power cable supplier for Scottish subsea links
Cabling

NKT confirmed as power cable supplier for Scottish subsea links

Denmark’s NKT has signed a framework agreement with the Scottish transmission system operator (TSO) SSEN Transmission to deliver power cable systems for two high-voltage direct current (HVDC) transmission links in Scotland. NKT on August 28, 2023, confirmed the reservation of production and offshore

about 2 years ago
Karim Badawi, Minister of Petroleum and Mineral Resources; Source: Egypt's Ministry of Petroleum and Mineral Resources
Fossil Energy

Egypt sets its cap on attracting multibillion-dollar oil & gas investment while adding more renewables to its energy mix

Egypt is determined to stimulate investment in hydrocarbon exploration and field development to drill 586 oil and gas wells by 2030 while also pursuing opportunities in scaling up renewable energy deployment to bring further green power to its electricity grid.

about 2 years ago
SEA Europe
Energy Efficiency & Innovation

Sea Europe urges EC to improve recognition of wind propulsion tech under EU Taxonomy

The Shipyards’ & Maritime Equipment Association of Europe (SEA Europe) has called on the European Commission to upgrade and improve the recognition of wind propulsion technologies under the EU Taxonomy.

about 2 years ago