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Excelerate Energy and Petrobangla pen 15-year LNG supply deal
U.S.-based LNG company Excelerate Energy and the Bangladesh Oil, Gas & Mineral Corporation (Petrobangla) have signed an LNG sale and purchase agreement (SPA) under which Petrobangla agreed to purchase 0.85 to 1 million tons per annum (MTPA) of LNG from Excelerate for a term of 15 years beginning Jan
World’s first ammonia dual-fuel Handymax bulker in the making
NYK Bulk & Project Carriers (NBP), a subsidiary of shipping major NYK Group, has joined forces with Corporación Nacional del Cobre de Chile (CODELCO), Oshima Shipbuilding Co. and Sumitomo Corporation to study, design and construct the world’s first ammonia dual-fuel Handymax bulk carrier.
Liquid Wind and partners eye ten additional eMethanol facilities by 2027
Swedish electrofuel developer Liquid Wind, through its partnership with Alfa Laval, Carbon Clean, Siemens Energy, and Topsoe, has revealed plans for developing and marketing ten additional eMethanol facilities in the Nordics by 2027. The newly-announced plans build on the partnership that was initia
New investor to help drive ESL Shipping’s green transition
Finnish conglomerate Aspo has attracted a new investor for ESL Shipping to accelerate the green transition of its shipping subsidiary.
Next-gen FPSO hull design concept gets ABS approval
Classification society American Bureau of Shipping (ABS) has given approval in principle (AIP) for a next-generation FPSO hull design concept. The AIP was granted for the Sterling Streamline next-generation concept design for large FPSO newbuild hulls from Shapoorji Pallonji Energy (SPE). The design
NAVTOR, Voyager Worldwide merge to advance maritime tech industry
NAVTOR, a Norway-based e-navigation and performance technology provider to the maritime industry, and Voyager Worldwide, a Singapore-headquartered provider of maritime technology solutions, have agreed to merge in an industry combination.
MSC names 24,000 TEU giant in Türkiye
MSC Mediterranean Shipping Company, the world’s biggest shipping company, has named MSC Türkiye, one of the world’s largest and most fuel-efficient containerships by design to date.
Vale to retrofit large ore carrier with Anemoi rotor sails
Brazilian mining giant Vale has decided to install five rotor sails from Anemoi Marine Technologies, the UK-based supplier of wind-assisted propulsion technology, onboard a 400,000 dwt Valemax.
Van Oord wins export cable work on Taiwan’s new offshore wind farm
Van Oord has been awarded contracts for Baltic Power offshore wind farm in Poland and Greater Changhua 2b and 4 offshore wind farm in Taiwan valued at more than €500 million. For the Baltic Power offshore wind project in the Polish Baltic Sea, Van Oord will transport and install 78 foundations, incl
TGE pressing on with construction of third LNG tank at Świnoujście
TGE Gas Engineering, an EPC contractor for the storage and handling of liquefied gases, is advancing the construction of the third LNG tank as part of the expansion project of the LNG terminal in Świnoujście, Poland. TGE Gas is building the LNG tank in consortium with Polish construction company POR
Njord to install energy-saving tech on another Greenheart vessel
Njord and Greenheart, a subsidiary of Hayfin Capital Management, have added an extra vessel to their partnership.
Report: Fossil fuel age not running out of gas, as production ramp-up undermines net-zero transition
A new report warns that plans to scale up fossil fuels threaten net-zero targets, derailing the transition to a sustainable future in line with the 1.5°C warming limit.
New clean hydrogen partnership to promote electrolyzers
U.S. Plug Power, South Korean SK E&S and K-water as well as SK Plug Hyverse, a joint venture between SK E&S and Plug Power, have signed a memorandum of understanding (MoU) to “promote the growth of green hydrogen and rejuvenate the industry.” Specifically, the companies will collaborate on advancing
US DOE picks first round winners for novel wave energy technologies prize
The U.S. Department of Energy (DOE) has unveiled the winners of the first round of the Innovating Distributed Embedded Energy Prize (InDEEP), that will share $285,000 in cash prizes to further advance their novel wave energy concepts.