South Korea-based companies Doosan Fuel Cell and Kolon Global have signed a ‘Basic Agreement for Mid- to Long-term Business and Expansion of Cooperation Areas’ to cooperate step by step to develop an eco-friendly hydrogen fuel cell business model using biogas. Under the agreement, Doosan Fuel Cell w
South Korea’s shipbuilding giant Hyundai Heavy Industries, an affiliate of HD Hyundai, announced today that it has become the world’s first company whose cumulative production of two-stroke marine engines exceeds 200 million horsepower output. The company held a ceremony to mark the occasion at its
Technip Energies, an engineering and technology company, has been selected by Texas Green Fuels (TGF) to commence a pre-FEED (Front End Engineering and Design) for the TGF Galveston Bay clean fuels export project. According to Technip Energies, TGF’s export complex will produce industrial-scale, cos
US-based ammonia power solutions company Amogy Inc. today announced its $139 million Series B-1 fundraising. The round was led by SK Innovation, joined by other global investors including Temasek, Korea Zinc, Aramco Ventures, AP Ventures, MOL PLUS, Yanmar Ventures, Zeon Ventures, and DCVC. The start
Qatar Gas Transport Company (Nakilat) and HSD Engine have signed a long-term service agreement for the provision of spares and maintenance services necessary to maintain the reliability of engines onboard Nakilat’s liquified natural gas (LNG) vessels.
UK-based shipping company Carisbrooke Shipping has partnered up with Grafmarine, a compatriot manufacturer of modular clean energy generation, storage, and power management solutions, to pilot solar energy cells on a Carisbrooke vessel. Grafmarine’s NanoDeck AI Solar tile management solution is a mo
Italian energy company Snam has completed docking operations for floating storage and regasification unit (FSRU) Golar Tundra in the port of Piombino. According to Snam’s social media update, the docking operations were safely completed on Sunday, 19 March as the company expects to put the FSRU into
US-based LNG player Excelerate Energy has entered into an amended and restated senior secured credit agreement, including a $250 million term loan for the purchase of a floating storage and regasification unit (FSRU). In addition to the new $250 million term loan maturing on 17 March 2027, the credi
Shell has revealed two energy security scenarios, exploring how the world could evolve and looking into the possible energy and climate outcomes that could come to pass in a world that has security in all its shapes and forms as a prevailing concern.
Maersk, the Danish container shipping major, has announced the design details of its first methanol-powered vessel. The company shared photos of the vessel’s design on its social media channels, showing off the feeder vessel from multiple angles. This is a significant milestone for the company and t
Guangzhou Shipbuilding International Co., a subsidiary of China State Shipbuilding Corporation (CSSC), has secured a contract for the construction of three dual-fuel vehicle carriers continuing its winning streak in the sector. The order involves the construction of three 8,600 CEU pure car truck ca
Canada’s Chamber of Commerce (CMC), representing over 100 Canadian & U.S. ports, shipowners, and other marine transportation companies operating in the Great Lakes-St., has unveiled its 2023 wish list to legislators and policymakers targeting the creation of a “green corridor” in the Great Lakes–St
South Korean shipbuilder Samsung Heavy Industries (SHI) and Norwegian maritime technology group Kongsberg Maritime (KM) have signed an agreement for the development of autonomous LNG carriers. Under the joint development agreement, the companies aim to develop a 174,000 cbm next-generation LNG carri
In 2023, the world’s top eleven ocean carriers, which include nine members from three global alliances as well as ZIM and Wan Hai Lines, are set to add a whopping 89 large mainline container ships to their fleets, according to Alphaliner. This development is poised to have a significant impact on th
