Business Developments & Projects
Bernhard Schulte orders LNG dual-fuel CO2 carrier backed by Northern Lights’ long-term charter
Germany-based shipowning company Bernhard Schulte has placed an order for its first CO2 tanker. The LNG dual-fuel newbuilding will be constructed at Dalian Shipbuilding Offshore (DSOC) and feature innovative technologies aimed at significantly reducing its carbon footprint such as wind propulsion an
Molgas becomes Titan’s strategic partner in boosting clean fuels market
Low-emissions marine fuels supplier Titan has closed a funding round for a 45% equity stake with further follow-on rights from downstream LNG and renewable gases company Molgas Energy, backed by infrastructure fund investor InfraVia Capital Partners. As explained, the investment in Titan aims to acc
Clarksons and Hydrogenious team up on large-scale commercialization of clean hydrogen
Clarksons Specialised Products, a unit of UK shipbroker Clarksons, has signed a Memorandum of Understanding (MoU) with Germany-based Hydrogenious LOHC Technologies to collaborate on a roadmap to establish a maritime supply chain for the bulk transportation of green hydrogen in chemical tankers using
ERMA FIRST wins BV approval for shore power system
Bureau Veritas (BV) has granted Approval in Principle to Greek company ERMA FIRST for its BLUE CONNECT system, a high voltage alternative maritime power solution. ERMA FIRST’s system, which can be housed in a container or provided in a stand-alone configuration, enables ships to connect with differe
Tripartite partnership pursues GHG storage acreage offshore Australia
DeepC Store and Azuli International have agreed to jointly pursue and acquire greenhouse gas (GHG) storage acreages in Commonwealth waters offshore Australia said to have strong potential for significant CO2 storage capacities. The two companies have jointly bid for GHG Assessment Permits released b
bound4blue, ITER conduct wind tunnel testing to enhance eSAIL
Spanish cleantech engineering company bound4blue has collaborated with the Institute of Technology and Renewable Energies (ITER), a Tenerife-based energy institute, for aerodynamic tests at the ITER wind tunnel facilities, focusing on optimizing suction sail systems for large vessels.
4th Poseidon Principles report shows improvement in banks’ alignment with decarbonization targets
The Poseidon Principles, a regulatory framework for responsible financing of shipping, has released its fourth annual disclosure report sharing signatories’ climate alignment scores. The initiative has grown in number, with 34 signatories from 13 different countries together representing around 80%
Fourth LNG carrier for charter with ORLEN delivered to Knutsen
Norwegian shipowner Knutsen Group has welcomed the fourth newbuild LNG carrier, Ignacy Łukasiewicz, that will be chartered to Poland’s PGNiG Supply & Trading, a part of ORLEN Group. South Korean shipyard Hyundai Samho Heavy Industries (HSHI) delivered the 174,000 cubic meter vessel to Knutsen on Dec
All main approvals in place for €2.8 billion UK-Germany link
NeuConnect, the first-ever energy link between the UK and Germany, has been granted all key regulatory approvals following the second partial approval for the construction and operation of the converter station on the German side. The Oldenburg State Trade Inspection Office (GAA Oldenburg) has grant
UK reveals winners of first hydrogen allocation round
UK government has concluded the first hydrogen allocation round (HAR1) and selected eleven projects, totaling 125 MW capacity, to receive over £2 billion (around $2.5 billion) of revenue support from the Hydrogen Production Business Model. Launched in July 2022, HAR1 represents the largest number of
WinGD gets BV AiP for dual-fuel ammonia engine safety concept
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.
Carnegie becomes industry partner on project testing novel concrete material for WECs
CETO Wave Energy Ireland (CWEI), a wholly-owned subsidiary of Carnegie Clean Energy, has secured €45,238 in funding to participate as an industry partner in the WECHULL+ Project which will investigate and test a novel concrete material for wave energy converters (WECs). The funding was provided by S
As Shell divests its stake in Norway’s ‘largest undeveloped gas discovery,’ Equinor snaps it up
Shell is in the process of selling its interest in a giant gas discovery on the Norwegian Continental Shelf (NCS) to Equinor.
Floating solar not yet up to par to be brought into offshore wind tenders, says BP’s Benelux head of offshore wind
System integration is what is needed for the next leap in offshore wind, however, not all technologies that can integrate with offshore wind farms have the same starting point. Floating solar still has some way to go in becoming more resilient to harsh offshore conditions. On the other hand, hydroge