Belgian tanker shipping company Euronav NV and its controlling shareholder CMB NV have entered into a share purchase agreement for the acquisition of 100% of shares in cleantech maritime group CMB.TECH for $ 1.150 billion in cash. Euronav said that the move fits its renewed strategy of diversificati
Japanese shipping company Mitsui O.S.K. Lines (MOL) has received approval in principle (AiP) from classification society ClassNK for the design of a floating storage and regasification unit (FSRU) for ammonia.
MAN Energy Solutions, in collaboration with Germany-based stainless-steel processor BUTTING, has revealed that the world’s first selective catalytic reduction (SCR) converter intended for an ammonia engine has passed its factory acceptance test. Measuring an impressive 3.9 meters in diameter and boa
China Classification Society (CCS) has signed a strategic cooperation agreement with Swiss turbocharger producer Accelleron to work on the development of green fuels and upgrade of ammonia and methanol engines for ships.
ACWA Power, a Saudi developer, investor and operator of power generation, water desalination and green hydrogen plants worldwide, has signed a framework agreement on the development of the first phase of a green hydrogen project in Egypt with a capacity of 600,000 tons per year of green ammonia, wit
Swiss marine power company WinGD has signed an agreement with Mitsui E&S Diesel United (MESDU), part of Japanese shipbuilding company Mitsui Engineering & Shipbuilding group, that will see WinGD engines being built at the latter’s main Tamano Works for the first time.
Singapore-based shipping company Pacific International Lines (PIL) has celebrated the beginning of the construction of its first 8,000 TEU LNG dual-fuel containership, Kota Ocean, at the Chinese shipyard Yangzijiang Shipbuilding. On December 19, representatives from PIL, Yangzijiang Shipbuilding, an
Australia-based green energy, technology, and metals company Fortescue has been awarded a grant of €203,7 million by the European Union for its flagship green ammonia plant in Norway, the Holmaneset Project. The EU investment in Fortescue’s project is part of the Innovation Fund, one of the world’s
Abu Dhabi National Oil Company (ADNOC) and OCI Global have entered into a sale and purchase agreement for ADNOC to acquire OCI’s entire majority shareholding in Fertiglobe, the world’s largest seaborne exporter of urea and ammonia. Headquartered in Abu Dhabi, Fertiglobe was formed as a strategic par
UK’s ports operator Associated British Ports (ABP) has launched a tender seeking a lead contractor or consortium to design and build a bulk liquid green energy terminal at the Port of Immingham. According to ABP, Immingham Green Energy Terminal (IGET) will be a multi-user bulk liquid green energy te
The governments of Singapore and Japan have signed a memorandum of cooperation (MoC) to establish first Singapore – Japan Green and Digital Shipping Corridor (GDSC), aiming to develop standards and best practices supporting the decarbonization, digitalization and growth of the maritime industry.
Japanese energy giant JERA and Indonesia’s largest state-owned oil and natural gas company Pertamina have signed a memorandum of understanding (MoU) to collaborate on business opportunities for infrastructure investment in low-carbon fuels such as LNG and hydrogen/ammonia. JERA and Pertmina announce
Finnish technology group Wärtsilä has been contracted to supply the cargo handling and fuel supply systems for four new 40,000 cbm gas carrier vessels.
French classification society Bureau Veritas has added its vote of confidence to Swiss marine power company WinGD’s ammonia-fueled X-DF-A dual-fuel engine, granting approval in principle (AiP) for the engine’s safety concept.
