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Microsoft to back Northern Lights CCS project
The Northern Lights Joint Venture and SLB have signed a memorandum of understanding (MoU) with Microsoft to optimize integrated cloud-based workflows for the operation of Northern Lights, one of the first CO2 transport and storage providers for cross-border carbon capture and storage (CCS). In the i
EU ETS will cost the shipping industry billions, says ITIC
The cost of the European Union’s (EU) new Emissions Trading Scheme (ETS) to the shipping industry could be in the billions, according to the forecasts from International Transport Intermediaries Club (ITIC). The extended EU ETS, which comes into force on 1 January 2024, will set an annual absolute l
Hapag-Lloyd studying 4,500 TEU wind-powered boxship concept
German container shipping company Hapag-Lloyd is eyeing a potential 4,500 TEU newbuilding vessel with wind-assisted propulsion as part of the company’s R&D activities involving alternative technologies and fuels.
DSIC progressing construction of CMES’ LNG carriers
China’s Dalian Shipbuilding Industry Company (DSIC) is pressing on with the construction of 175,000 cubic meter LNG carriers ordered by compatriot China Merchants Energy Shipping (CMES). On December 8, DSIC said it had held a keel laying ceremony for the first ship in the joint project with CMES and
JV seeking partners for block offshore Guyana to unlock its hydrocarbon potential
Canada’s CGX Energy and Frontera Energy are on the lookout for partners for the further development on the Corentyne block offshore Guyana.
Keppel allies with Indian energy firm for sustainable fuels production
Singapore-based Keppel Corporation, through its Infrastructure Division, and AM Green, which is wholly owned and controlled by the founders of India-based Greenko Group, have signed a memorandum of understanding (MoU) to jointly explore opportunities to produce biogenic carbon-based sustainable fuel
Can shipping go beyond the COP28 razmataz and deliver on net zero targets?
Following a day of active discussions at the Shaping the Future of Shipping: Delivering a Net Zero World summit yesterday, 60 maritime organisations and government partners agreed on a course to deliver the IMO’s net-zero strategy at Shaping the Future of Shipping, an event hosted by the Internation
Erik Thun picks Berg Propulsion’s fuel optimization software for ten new ships
Swedish shipping company Erik Thun Group has selected Berg Propulsion’s thrust and fuel optimization software technology to optimize efficiency on board all ten of its latest newbuildings.
HD Hyundai Heavy Industries hands out commissioning deal for Gulf of Mexico FPU to Gate Energy
Gate Energy has been awarded a commissioning contract for an FPU destined for Woodside’s deepwater oil project in the Gulf of Mexico.
US politicians introduce Renewable Fuel for Ocean-Going Vessels Act
U.S. Representatives Mariannette Miller-Meeks (IA-01) and John Garamendi (CA-08) introduced the Renewable Fuel for Ocean-Going Vessels Act, legislation that would allow companies to preserve RIN credits under the Renewable Fuel Standard (RFS) for renewable fuel used for ocean-going vessels.
WSC: We need to get regulations right in next two years to ensure renewable fuels’ availability
In a bid to secure a competitive landscape for the availability of renewable fuels to power maritime vessels, energy providers need to have regulatory frameworks established within the next two years. The call comes with the recognition that substantial investments in new fuels are imminent, conting
VARD to deliver ‘highly customized’ hybrid cable lay & construction vessel to Japan
Norway’s VARD has secured a contract worth over $200 million to deliver a highly customized hybrid power cable lay and construction vessel to what it says is a leading Japanese construction company. The contract was signed with Toyo Construction, a Japanese general construction company that operates
MacGregor’s equipment for world’s largest zero-carbon ready Aurora-class PCTCs
MacGregor, part of Cargotec, has been selected to supply comprehensive packages of RoRo equipment for an additional four multi-fuel and zero-carbon ready Aurora-class pure car and truck carriers (PCTCs) for Höegh Autoliners.
NNPC teams up with Wison for floating LNG project in Nigeria
Wison (Nantong) Heavy Industry, an affiliate of Wison Offshore & Marine (WOM), has entered into a memorandum of understanding (MoU) with Nigeria National Petroleum Corporation (NNPC) for the development of a floating LNG project in Nigeria, targeting the international LNG market. Wison and NNPC sign