Japanese major Mitsui O.S.K. Lines (MOL) has signed a Memorandum of Understanding (MoU) with compatriot The Kansai Electric Power Co. (KEPCO) for a study of marine transportation for the development of a carbon dioxide capture and storage (CCS) value chain.
CB Fenton, part of Ultramar (Chile), and Norwegian small-scale LNG sea transport and bunkering vessels developer Kanfer Shipping have signed a Memorandum of Understanding with the aim of establishing a hub for LNG bunkering and small-scale LNG distribution in/out of Panama. The duo is now seeking a
Rotterdam Shore Power B.V, a joint venture of Eneco and the Port of Rotterdam Authority, will supply shore power for part of the DFDS ships that dock in Vlaardingen, the port authority revealed.
German energy major Uniper has partnered with compatriot public seaports operator Niedersachsen Ports (NPorts) and green hydrogen provider Tree Energy Solutions (TES) for a new large joint import terminal for green gases in Wilhelmshaven. On the sideline of the opening ceremony for the first German
Swedish company Minesto has completed additional offshore infrastructure installation in Faroe Islands to double electricity production from two Dragon 4 tidal energy devices.
LNG has been described as a transitional fuel for the shipping industry for years now, and a practical solution for shipowners who want to act now on their emissions and not wait on the side-lines. Nevertheless, as of recently, we are also seeing that LNG is becoming a fuel in transition as owners s
Finnish transmission system operator Gasgrid Finland has completed construction work for the floating LNG terminal in the deep harbour area in Inkoo as it expects Excelerate Energy’s floating storage and regasification unit (FSRU) Exemplar to reach the terminal as early as 25 December. On 20 Decembe
Finland’s largest shipbuilder Meyer Turku is getting an €80 million ($85 million) financial lifeline from the Finnish government to overcome liquidity challenges caused by the ongoing geopolitical situation caused by Russia’s war in Ukraine. The European Commission approved the recapitalization meas
Germany’s first floating terminal for importing liquefied natural gas (LNG) in Wilhelmshaven has officially been commissioned for service. On 17 December, German energy major Uniper informed that the terminal was launched and that even before Christmas, LNG will be re-gasified and conveyed via the n
South Korea’s defense and energy conglomerate Hanwha Group has signed a $1.5 billion deal for the acquisition of a controlling stake in compatriot shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME). The troubled shipbuilder has been controlled by the state-run Korea Development Bank (KDB)
UK energy market regulator Ofgem has withdrawn the cap and floor regime awarded in principle for a 1.4 GW interconnector due to the project having encountered “significant delays”.
Floating storage and regasification unit (FSRU) Neptune has arrived at the industrial port of Lubmin in Germany, signalling that the tests can soon begin at the country’s first and so far only privately financed LNG terminal. Deutsche ReGas, the developer of the Lubming LNG terminal, informed that t
On 17 December, the governments of Azerbaijan, Georgia, Romania, and Hungary entered into an agreement under which the four countries committed to bringing forward a subsea link in the Black Sea that will, among other things, transfer electricity from future offshore wind farms in Azerbaijan’s part
In the final round of talks over the weekend, the EU Council and the European Parliament hammered out a provisional political agreement on legislative proposals of the ‘Fit for 55’ package that aim to further reduce emissions and address their social impacts. The ‘Fit for 55’ package is aimed at ena
