Business Developments & Projects
Rolls-Royce mtu engines with pure hydrogen pass trials
Technology company Rolls-Royce has conducted tests of a 12-cylinder gas variant of the mtu engines running on 100% hydrogen fuel, marking a step towards the commercial introduction of hydrogen solutions. The tests of a 12-cylinder gas variant of the mtu Series 4000 L64 engined powered by pure hydrog
CMB seeks dismissal of Euronav’s Supervisory Board members
Euronav’s shareholder Compagnie Maritime Belge NV (CMB) is asking for the dismissal of all five members of the tanker giant’s Supervisory Board following the failed merger with Frontline. The company has issued a request to Euronav requesting for a special general meeting of the Supervisory Board as
Semi-sub rig to sport new filterless ballast water management system
Island Drilling has decided to retrofit its semi-submersible drilling rig with Ecochlor’s EcoOne filterless ballast water management system (BWMS).
Trafigura commits to carbon dioxide removal
As a founding member of the First Movers Coalition (FMC), commodities group Trafigura has committed to carbon dioxide removal as well as to purchase at least 50,000 tonnes of durable and scalable net carbon dioxide removal credits by the end of 2030 generated through advanced carbon dioxide removal
Gasgrid Finland’s LNG floating terminal is fully up and running
With the integration of the LNG floating storage and regasification unit (FSRU) Exemplar into Gasgrid Finland’s gas transmission network, Finland’s first FSRU-based terminal, located in the deep harbour at Inkoo, is now fully ready for use. Esa Hallivuori, Senior Vice President of Transmission Busin
Magseis Fairfield delists from Oslo Stock Exchange
Norwegian survey services provider Magseis Fairfield has delisted its shares from the Oslo Stock Exchange (Oslo Børs) following the acquisition by TGS. The process with TGS started when the company announced a voluntary offer for all shares in Magseis Fairfield (ticker: MSEIS) on 29 June 2022. When
Incat: World’s largest LNG-powered aluminium catamaran to switch to batteries
South American ferry operator Buquebús is in talks with Australian catamaran builder Incat Tasmania on the possibility of replacing the LNG powerplant with a battery-electric solution on its newbuilding ferry under construction at the yard. Having an overall length of 130 metres, a width of 32 metre
Grimaldi adds five more ammonia-ready car carriers to orderbook in China
Neapolitan shipping company Grimaldi Lines has ordered five additional ammonia-ready car carriers in China. The order went to Shanghai Waigaoqiao Shipbuilding Company Limited (SWS) and China Shipbuilding Trading Company Limited (CSTC), two subsidiaries of China State Shipbuilding Corporation Limited
Enagás buys stake in UK-Netherlands subsea gas pipeline operator
Spanish energy company Enagás has reached an agreement with Germany’s Uniper to acquire a 20% stake in the Dutch BBL Company, an owner of a 235-kilometre subsea gas interconnection between the Netherlands and the UK. Enagás concluded the deal as part of the objectives of its strategic plan to contri
First LNG dual-fuel VLCC joins Maran Tankers Management fleet
Maran Tankers Management, an oil tanker shipping unit of the Angelicoussis Shipping Group, has taken delivery of its first LNG dual-fuel very large crude carrier (VLCC). The vessel, which was named Antonis I. Angelicoussis after the group’s founder, was delivered on 3 January by South Korean shipbui
N-Sea Subsea Cables adds more equipment to its inventory
N-Sea Subsea Cables has purchased new strategic modular subsea cable installation equipment in order to respond to the growing demand in the market.
Anthony Veder assigns LNG carriers for DRG’s LNG terminal in Lubmin
Dutch gas shipping company Anthony Veder has committed three LNG carriers to Deutsche ReGas (DRG) for its new floating LNG terminal in Lubmin, Germany. “We are proud that we have been selected by Deutsche ReGas for supporting in their floating LNG terminal,” Jan Valkier, CEO Anthony Veder said. “As
SOCAR and Masdar to jointly develop 2 GW of offshore wind & green hydrogen projects in Azerbaijan
The State Oil Company of the Republic of Azerbaijan (SOCAR) and the United Arab Emirates’ Masdar have entered into a partnership on offshore wind and green hydrogen projects in Azerbaijan. Under a joint development agreement, signed in Abu Dhabi on 15 January within the framework of Azerbaijan’s Pre
Clarksons: Ammonia-ready at 10.8 pct as alternative fuel orders hit new heights
The majority of the newbuilding tonnage ordered in 2022 was alternatively fuelled, according to the data from Clarksons Research. Insights from the shipbroker show that 61% of tonnage ordered last year (35% by number) was alternatively fuelled. Overall, 83.4 million dwt was ordered across vessel sec