Qatar Gas Transport Company (Nakilat) and its subsidiaries have achieved a consolidated net profit of QAR 1,44 billion ($395.3 million) in the fiscal year 2022, a significant increase of 6.3%, as compared to QAR 1,35 billion ($372 million) in 2021. It also achieved revenues of QAR 4,4 billion ($1.20
Dutch energy infrastructure firm Gasunie has decided to continue exploring further options for expanding existing capacity at Eemshaven and Gate terminals instead of adding a new floating LNG terminal in the port of Terneuzen which proved to be unfeasible in the short term. The move is part of Gasun
China’s shipping heavyweights COSCO Shipping Corporation Limited and COSCO Shipping Development have spearheaded the establishment of the China Electric Ship Innovation Alliance. The founding members represent over 80 companies from various industries including electric-powered propulsion, vessel de
German energy company RWE and global logistics company VTG have signed a Memorandum of Understanding (MoU) to jointly develop a logistics concept for supplying customers with ammonia. It includes exploring delivery routes and determining the necessary filling and transport capacities. The MoU builds
Neste’s Engineering Solutions has completed the construction work of the 2.2-kilometre gas transmission pipeline for Gasgrid Finland’s floating LNG terminal vessel FSRU Exemplar in the port of Inkoo. Finnish transmission system operator Gasgrid recently implemented the country’s first FSRU-based ter
Pacific Gas and Electric Company (PG&E) has partnered with Angel Island-Tiburon Ferry Company (Angel Island Ferry) to launch California’s first zero-emission electric ferry.
South Korean shipping company HMM has signed newbuilding contracts with compatriot Hyundai Samho Heavy Industries (HSHI) and HJ Shipbuilding and Construction (HJSC) for nine 9,000 TEU containerships powered by methanol dual-fuel engines. The company confirmed to our newsdesk that it was looking into
Cédric Rosemont, newly appointed CEO of Traxens, explains in an interview how smart containers can help shipping become greener.
Atlantic Shores Offshore Wind, a 50:50 U.S. partnership between Shell and EDF Renewables, has joined the Northeast Clean Hydrogen Hub, a major multi-state initiative in the U.S. that plans to develop a proposal to become one of up to 10 regional clean hydrogen hubs in the country. The developer of a
Japan’s energy company JERA has signed a Memorandum of Understanding (MoU) with the Philippines’ Aboitiz Power Corporation, a subsidiary of a conglomerate group Aboitiz Equity Ventures, to commence a joint study on ammonia co-firing for the decarbonisation of Aboitiz Power’s business. More specifica
Norwegian company YSA Design has become the latest member of a consortium led by Northern Xplorer, a recently established Norwegian cruise venture, that aims to build the world’s first zero-emission cruise ship.
The European Commission has proposed detailed rules to define what constitutes renewable hydrogen in the European Union (EU), with the adoption of two delegated acts required under the Renewable Energy Directive. The acts are part of a EU regulatory framework for hydrogen which includes energy infra
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has secured a contract to build one liquefied natural gas (LNG) carrier which represents the shipbuilder’s first order in 2023. Under the contract worth 314.5 billion won (around $248 million), DSME will build the LNG carrier f
Hydrogen production capacity is estimated to reach 4.5 million tons per annum (mtpa) worldwide by the end of 2023 despite the slowing global economy, representing 165% growth compared to 2022, according to a report by data and analytics company GlobalData. GlobalData’s recent publication called “Hyd
