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Business Developments & Projects

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Wuhu Shipyard launches SAL’s next-gen methanol-ready vessel
Business Developments & Projects

Wuhu Shipyard launches SAL’s next-gen methanol-ready vessel

Chinese Wuhu Shipyard has launched the second methanol-ready 14,600 dwt Orca class multipurpose vessel ordered by Germany’s SAL Heavy Lift.

about 2 years ago
First sales and purchase agreement inked for UAE's low-carbon LNG project
Business Developments & Projects

First sales and purchase agreement inked for UAE’s low-carbon LNG project

Abu Dhabi National Oil Company (ADNOC) has signed a sales and purchase agreement (SPA) with Germany’s Securing Energy for Europe (SEFE) for the long-term supply of low-carbon liquefied natural gas (LNG) from the Ruwais LNG plant in the UAE, set to be the first LNG export facility in the Middle East

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about 2 years ago
Work starts on Portsmouth International Port’s shore power system
Business Developments & Projects

Work starts on Portsmouth International Port’s shore power system

At Portsmouth International Port in the UK, work has started on a shore power system that will allow ships to connect to clean electric power while berthed.

about 2 years ago
Two men holding a commemorative plaque
Business Developments & Projects

Singapore inks another deal with Asian partner in quest to become regional LNG hub

Singapore’s Energy Market Authority (EMA) has signed a memorandum of understanding (MoU) with PetroChina International, the trading arm of PetroChina, to collaborate on strengthening the island country’s supply and management skills in the liquefied natural gas (LNG) arena.

about 2 years ago
TNPA looking to trial green fuels on tugboat fleet
Business Developments & Projects

TNPA looking to trial green fuels on tugboat fleet

South Africa’s Transnet National Ports Authority (TNPA) has issued a request for information (RFI) for a strategic pilot project to use green and cleaner fuels for its diesel-operated tugboat fleet. According to TNPA, this pilot project seeks to retrofit existing tugboats to utilize alternative fuel

about 2 years ago
Hellenic Cables gets turnkey contract for project aimed at improving energy reliability of Greek islands
Business Developments & Projects

Hellenic Cables gets turnkey contract for project aimed at improving energy reliability of Greek islands

Greece’s Hellenic Cables has secured a turnkey contract with Greek transmission system operator (TSO) Independent Power Transmission Operator (IPTO) for the submarine interconnection of the Ionian islands. Under the contract, Cenergy Holdings’ cable segment is in charge of the design, supply, and in

about 2 years ago
EBDG partners with Centerline to bring methanol-fueled power barge into operation
Business Developments & Projects

EBDG partners with Centerline to bring methanol-fueled power barge into operation

The U.S. marine transportation company Centerline Logistics and compatriot naval architecture and marine engineering firm Elliott Bay Design Group (EBDG) have formed an exclusive partnership for the construction and deployment of a series of barge-based clean power solutions for ports lacking conven

about 2 years ago
Ursula von der Leyen, President of the European Commission; Image credit: World Economic Forum
Business Developments & Projects

Von der Leyen: Investment in European hydrogen to grow by 140% in 2024

Investment in European hydrogen is set to grow by 140% in 2024, according to European Commission President Ursula von der Leyen.

about 2 years ago
ExxonMobil buys FPSO working off Guyana for $1.23 billion
Business Developments & Projects

ExxonMobil buys FPSO working off Guyana for $1.23 billion

U.S.-headquartered ExxonMobil has closed the purchase of a floating production, storage, and offloading (FPSO) vessel working in Guyana from SBM Offshore, while the Dutch FPSO operator will continue operating and maintaining the vessel. ExxonMobil Guyana Ltd. and BM Offshore completed the transactio

about 2 years ago
A large vessel at sea
Business Developments & Projects

Four LNG carriers for QatarEnergy’s expanding fleet named in South Korea

Qatar’s state-owned energy giant QatarEnergy has inaugurated four new liquefied natural gas (LNG) vessels built at the Samsung Heavy Industries (SHI) and Hanwha Ocean shipyards in South Korea.

about 2 years ago
Madoqua and partners unveil plans for Portugal-Netherlands-Germany green fuels corridor
Business Developments & Projects

Madoqua and partners unveil plans for Portugal-Netherlands-Germany green fuels corridor

Dutch-Portuguese project development company Madoqua has signed a memorandum of understanding (MoU) with Port of Sines, Port of Rotterdam, and duisport to establish a green fuels corridor connecting Portugal with the Netherlands and Germany. Backed by the Portuguese government, the parties signed th

about 2 years ago
M4 wave energy converter deployed in King George Sound, Albany.
Business Developments & Projects

Australian wave energy device begins data transmission in King George Sound (Video)

The University of Western Australia’s (UWA) Moored MultiModal Multibody (M4) wave energy converter (WEC) has been deployed in King George Sound, Albany. The device already started transmitting performance data as it begins the six-month test phase. According to the Blue Economy Cooperative Research

about 2 years ago
Wilson Sons calculates GHG reduction of up to 55% from Santa Clara terminal cargo operations
Business Developments & Projects

Wilson Sons calculates GHG reduction of up to 55% from Santa Clara terminal cargo operations

Brazilian port and maritime logistics operator Wilson Sons has calculated greenhouse gases (GHG) from cargo handled at the Santa Clara waterway terminal, located in Triunfo, Brazil, and concluded that 55% less GHG emissions are produced on the waterway compared to road transportation.

about 2 years ago
Brazil-bound FPSO prepares for sailaway after christening at Seatrium’s yard
Business Developments & Projects

Brazil-bound FPSO prepares for sailaway after christening at Seatrium’s yard

Singapore’s Seatrium has hosted a naming ceremony for a floating storage, production, and offloading (FPSO) unit constructed by Japanese giant MODEC destined to work off the coast of Brazil.

about 2 years ago