Japan’s Itochu Corporation has decided to make an equity investment in Purus Marine, a recently formed, environmentally focused maritime vessel and infrastructure company. UK-based Purus Marine owns and manages various environmentally advanced vessels. Its business purpose is to provide vessels that
French LNG containment specialist GTT has received a new order from the South Korean shipyard Hyundai Samho Heavy Industries for the tank design of two new liquefied natural gas carriers (LNGCs). It will design the tanks of the two vessels, which will each offer a total cargo capacity of 174,000 m3
In 2021, LNG was the most popular alternative fuel considered by shipowners for use in the (then) next five years; twice as many as those who said they were considering biofuels. That position has now virtually reversed, with biofuels at the same level of response as LNG in 2021 while LNG has fallen
Dutch tank storage company Vopak has provided updates on its LNG projects, including EemsEnergyTerminal, Gate terminal Rotterdam, and Hong Kong LNG terminal project. EemsEnergyTerminal Vopak’s first update is in regard to EemsEnergyTerminal, an LNG import terminal located in the Eemshaven in the Net
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
French LNG containment specialist GTT and PipeChina Innovation, a subsidiary of the state-owned PipeChina Group, have signed a cooperation agreement on GTT’s membrane technology for PipeChina’s upcoming LNG projects. The agreement was signed on the occasion of the visit of French President Emmanuel
Poland’s natural gas transmission system operator GAZ-SYSTEM has completed a non-binding market research procedure for the demand for additional regasification capacity of the FSRU terminal in the Gulf of Gdańsk. The operator collected information on the level of market interest in additional regasi
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 global maritime industry faces unprecedented challenges due to rapidly changing market conditions and technological advancements driven considerably by the ever-stricter environmental regulations. The current model of maritime transport operations, which relies heavily on traditional practices,
The most effective way of complying with the CII index and having a good rating is to utilize the emerging alternative, low and zero-carbon fuels, John Kokarakis, Vice President of Technology & Business Development Hellenic-BS-ME Zone at Bureau Veritas, said. Kokarakis was speaking at the 6th Annual
French LNG containment specialist GTT has received two orders from its partner the South Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) for the tank design of new liquefied natural gas carriers (LNGCs). According to GTT, the orders were made in the first quarter of 2023 for a total
Low and zero-emission fuels supplier Titan has completed gas-up and cool-down service for an LNG carrier owned by Japanese shipping company NYK Line. Specifically, Titan performed gas-up and cool-down of one of the tanks on NYK’s LNG carrier Grace Emilia. The vessel was built in 2021 by Hyundai Samh
Adani Total Private Limited (ATPL), a 50:50 joint venture between Adani and TotalEnergies, has announced that LNG vessel Milaha Ras Laffan, supplied by TotalEnergies and Qatargas, safely berthed at Dhamra LNG, marking the commencement of the terminal’s commissioning with a number of stages to be com
