South Korean shipbuilding major Daewoo Shipbuilding & Marine Engineering (DSME) has secured a construction order for an LNG carrier from an unidentified shipowner from Oceania. The order is worth KRW 339.6 billion ($ 257 million), according to DSME’s stock exchange filing. Under the contract, DSME i
Fairfield Chemical Carriers (FCC), a US operator specialising in chemical tankers, has launched the Fairchem Pioneer, its first LNG-powered stainless steel chemical tanker. The LNG dual-fueled (DF) vessel, jointly developed by Fukuoka Shipbuilding and Fairfield Japan, a subsidiary of FCC, was launch
Dalian COSCO KHI Ship Engineering (DACKS) has launched the newest 24,188 TEU mega containership for Hong Kong-based container shipping company Orient Overseas Container Line (OOCL).
Japanese energy giant JERA has signed a memorandum of understanding (MoU) with South Korea’s state-owned natural gas importer and transporter Korea Gas Corporation (KOGAS) for cooperation in the LNG business. Pursuant to the MoU which seeks to secure the stability of LNG supplies, JERA and KOGAS agr
Singapore-based shipping company Ocean Network Express (ONE) has launched a new tool that calculates carbon dioxide (CO2) emissions from the company’s operating vessels.
In a significant development for China’s shipbuilding industry, the China State Shipbuilding Corporation (CSSC) and French liner heavyweight CMA CGM have inked an agreement to construct 16 large container ships worth more than 21 billion Yuan ($3.06 billion). The order comprises of twelve 15,000 TEU
In a pressing need to reduce global greenhouse gas emissions (GHG), the shipping sector and offshore vessel services providers are certainly the protagonists in the whole decarbonization story. However, although we are seeing an increasing number of initiatives, we still have a long way to go.
ClassNK certification society has given an A rating to the LNG dual-fueled chemical tanker Fairchem Pioneer jointly developed by Fukuoka Shipbuilding and Fairfield Japan. The tanker is currently under construction at Fukuoka Shipbuilding, and is going to be chartered to FJL. The vessel was evaluated
A 93,000 cbm LPG carrier with dual fuel LPG propulsion, being built by China’s Jiangnan Shipyard, for Petredec Holdings (Eastern) PTE, has returned from sea trials. The vessel, named Harzand, is the first of a total of six 93,000 cbm LPG vessels Petredec has on order at the yard. The shipbuilder sai
Advario Projects B.V. has signed an agreement with Aluminium & Chemie B.V. (Aluchemie) to acquire Aluchemie’s land lease and develop a storage terminal for the energy products of the future.
International owners and operators of liquefied natural gas (LNG) carriers GasLog and GasLog Partners have entered into a definitive merger agreement. Following the offer announced in January 2023, the parties now signed the agreement pursuant to which GasLog will acquire all of the outstanding comm
Dutch shipbuilder Damen Shipyards Group posted a revenue of €2.5 billion for 2022 for the first time in the company’s history. The shipbuilder said that the achievement was made despite the effects of the war in Ukraine, which had, and continues to have, a significant impact on business operations.
The Carbon Capture, Utilisation and Storage Zero Emission Network (CCUS ZEN) has announced it will accelerate the rollout of CCUS in Europe by identifying two industrial clusters suitable for deployment of CCUS.
The Port of Virginia has revealed that it is investing $18 million in Virginia Inland Port (VIP) and Richmond Marine Terminal (RMT) to expand and modernize operations.
