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Clean Fuel

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Danish Shipping
Clean Fuel

Industry titans Maersk and Hapag-Lloyd forge operational cooperation deal

Container shipping industry giants Hapag-Lloyd and Maersk have signed an agreement for a new long-term operational collaboration called ”Gemini Cooperation”, which will start in February 2025. “Teaming up with Maersk will help us to further boost the quality we deliver to our customers. Additionally

about 2 years ago
illustration
Clean Fuel

Clarksons forecasts 40 million CGT output for 2024-2025 after record year for car carriers

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As the maritime industry charts a course for robust growth, Clarksons Shipbroking foresees a substantial increase in global shipbuilding activities, primarily driven by the growth in South Korean output. Clarksons’ estimations project a noteworthy 40 million compensated gross tonnage (CGT) output fo

about 2 years ago
Hyundai KSOE
Clean Fuel

HD KSOE resumes winning streak with order for VLGC pair

In a remarkable start to the new year, HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) has reaffirmed its industry dominance by securing an order for the construction of two Very Large Gas Carrier (VLGC) ships. The undisclosed shipping company based in the Middle East placed the order, va

about 2 years ago
Illustration; Image: Saad Sherida al-Kaabi,Minister of Energy in Qatar, and the President and CEO of QatarEnergy/Courtesy of QatarEnergy
Clean Fuel

QatarEnergy linked to $2.4 billion deal for 8 Q-Max LNG carriers, set to be world’s largest

Qatar’s LNG heavyweight QatarEnergy has sealed a contract with Chinese shipbuilder CSSC Hudong Zhonghua shipbuilding for the construction of eight Q-Max ultra-large LNG carriers, according to broker reports. Valued at over $2.4 billion, these cutting-edge vessels, part of QatarEnergy’s “Hundred Ship

about 2 years ago
ICCT: Liquified gas tankers to blame for 82% of shipping’s methane emissions in 2021
Clean Fuel

ICCT: Liquified gas tankers to blame for 82% of shipping’s methane emissions in 2021

In 2021, an overwhelming 82 percent of methane emissions from international shipping could be traced back to liquefied gas tankers, primarily LNG carriers, according to the International Council on Clean Transportation (ICCT). The data is derived from an analysis conducted using the ICCT’s Systemati

about 2 years ago
DNV: Orders for alternative-fueled vessels grow, methanol in spotlight
Clean Fuel

DNV: Orders for alternative-fueled vessels grow, methanol in spotlight

According to the latest stats from DNV’s Alternative Fuels Insight (AFI) platform, a total of 298 ships with alternative fuel propulsion were ordered in 2023, with methanol going mainstream. The classification society revealed that by a small margin, methanol proved the most popular alternative fuel

about 2 years ago
Nakilat books LNG and LPG carriers at Hyundai Samho in fleet expansion move
Clean Fuel

Nakilat books LNG and LPG carriers at Hyundai Samho in fleet expansion move

Qatari LNG shipping operator Nakilat has placed orders at South Korean Hyundai Samho Heavy Industries (HSHI) for the construction of six vessels – two LNG carriers and four very large LPG/ammonia carriers – as part of its strategic shipping expansion. The order was revealed on January 9, 2024. It in

about 2 years ago
Clarksons: 2023 a positive year for shipping as China delivers 50% of shipbuilding output
Clean Fuel

Clarksons: 2023 a positive year for shipping as China delivers 50% of shipbuilding output

Seaborne trade has witnessed a notable uptick in 2023, registering a 3% increase to a $12.4 billion, according to data from Clarksons Research. The global maritime landscape further unveils a 3% growth in the world fleet, reaching an 2.3 billion deadweight tons (dwt). Despite this expansion, the new

about 2 years ago
Clarksons: 45% of ships ordered in 2023 embrace alternative fuels, with LNG still in the lead
Clean Fuel

Clarksons: 45% of ships ordered in 2023 embrace alternative fuels, with LNG still in the lead

The renewal of the global shipping fleet made a significant stride in 2023, with a total of 539 ships, equivalent to 45% of all newbuild orders placed last year by gross tonnage, being capable of running on alternative fuels, Clarksons Research said. “2023 was a hugely significant year in the shippi

about 2 years ago
2023 in review: A transformative year for shipping and maritime
Clean Fuel

2023 in review: A transformative year for shipping and maritime

In the maritime realm, 2023 has been a year marked by transformative projects and announcements, on both the regulatory side, ship designing, and shipbuilding front as well as demand signals for the production of alternative fuels. Amidst geopolitical turbulences in the Middle East, the ongoing conf

about 2 years ago
Vitol
Clean Fuel

Vitol completes first biofuel delivery in UAE, consolidates shipping activities

Switzerland-based energy and commodities company Vitol has completed its first biofuel deliveries in Fujairah, the United Arab Emirates (UAE).

about 2 years ago
methanol bunkering Singapore
Clean Fuel

Meeting IMO’s 2030 targets not out of grasp?

Despite the challenges that defined this year, the maritime industry may be closing the chapter on 2023 with a sense of optimism. Namely, BIMCO’s recent analysis provides a beacon of hope, suggesting that the International Maritime Organization’s (IMO) ambitious goal of achieving 5% zero or near-zer

about 2 years ago
Asyad and Oman LNG seal long-term deal for two 5th generation LNG carriers
Clean Fuel

Asyad and Oman LNG seal long-term deal for two 5th generation LNG carriers

ASYAD Shipping, a part of Oman’s national logistics provider ASYAD Group, and Oman LNG have signed a long-term agreement for the charter of two 5th generation LNG carriers. According to Asyad, the agreement for two 170,000 cubic meter LNG carriers affirms the company’s commitment to boost local adde

about 2 years ago
ACWA Power gearing up to develop $4 billion green hydrogen project in Egypt
Clean Fuel

ACWA Power gearing up to develop $4 billion green hydrogen project in Egypt

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

about 2 years ago