The recent pick-up in the development of carbon capture and storage (CCS) projects across the globe is expected to provide a new source of cargo demand for the maritime industry, helping offset demand for a declining trade of conventional hydrocarbon cargoes. CCS involves capturing carbon dioxide em
The Dutch government has awarded a €3 million grant to BW Offshore, Switch2, MARIN, TU Delft, and Strohm to develop a floating hydrogen and/or ammonia production and storage facility which will be connected to an offshore wind farm. The project, named OFFSET, involves building an industrial-scale fl
Japanese shipping major NYK Line has taken delivery of the second of four LNG-fuelled pure car truck carriers (PCTC), named Wild Rose Leader. The 7,000-CEU car carrier was built by Chinese shipbuilder China Merchants Jinling Shipyard (Nanjing) Co. The four units were ordered by NYK at the yard back
Energy company Idemitsu Kosan has signed a memorandum of understanding (MoU) with Korea Electric Power Corporation (KEPCO) to collaborate on the establishment of a blue/carbon-free ammonia supply chain in Japan and Korea. The companies will jointly do a study on the procurement, marine transportatio
South Korean shipbuilding major Samsung Heavy Industries (SHI) has teamed up with a Denmark-based startup focused on nuclear reactor technology Seaborg Technologies and Korea Hydro & Nuclear Power (KHNP), an owner and operator of nuclear power plants, in a consortium that aims to develop floating nu
The European Union (EU) and Norway have formed a Green Alliance to strengthen their cooperation on clean energy and industrial transition as well as joint climate action and environmental protection efforts. The agreement was signed on 24 April in Brussels by the President of the European Commission
As the global maritime industry embarks on a decarbonization journey, a recent survey conducted among industry stakeholders has revealed that the path towards decarbonization will be complex, with a wide range of fuels in the mix through 2050. The survey respondents expect their fleets to run on mul
Energy company Aramco has announced that a shipment of low-carbon ammonia has arrived in Japan for use as fuel in power generation. More specifically, this shipment, which is described as the first accredited low-carbon ammonia one to arrive in Japan, was transported to the Fuji Oil company’s Sodega
Energy companies RWE and Kellas Midstream have signed a memorandum of understanding (MoU) to explore the potential for large-scale green hydrogen production in Teesside, UK. RWE said the hydrogen production site will be located close to emerging hydrogen infrastructure and will leverage each of the
US-based LNG player Excelerate Energy has completed the purchase of the floating storage regasification unit (FSRU) Sequoia. The FSRU was purchased for a price of $265 million from Anemoesa Marine Inc., a company incorporated under the laws of the Republic of the Marshall Islands. Last month, Excele
French LNG containment specialist GTT has announced its revenues for the first quarter of the 2023 financial year. It said that in Q1, it achieved revenues of €80 million and received a high level of orders, 25 LNG carriers and one FLNG. The delivery of LNG carriers is scheduled between the first qu
Greek ship management company Alpha Gas has taken delivery of its new LNG carrier from South Korean shipyard Hyundai Samho Heavy Industries (HSHI). With a cargo capacity of 174,000 cbm, the LNG carrier Energy Fidelity is the newest addition to Alpha Gas’ in-house commercial and technical management.
American classification society ABS and Singapore-based shipping company Berge Bulk (BB) have signed a joint development project (JDP) to evaluate the feasibility of converting a bulk vessel to methanol fuel propulsion.
South Korean shipping major HMM has signed a Memorandum of Understanding (MoU) with compatriot specialty chemicals company LOTTE Fine Chemical for the marine transportation of ammonia. The MoU also covers the bunkering of ammonia and methanol fuel and comes after HMM made a major order for methanol-
