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CoolCo secures sale and leaseback financing for two newbuild LNG carriers
Other Fuels

CoolCo secures sale and leaseback financing for two newbuild LNG carriers

Cool Company (CoolCo) has entered into sale and leaseback financing arrangements with Huaxia Financial Leasing for two LNG carriers that are being built by Hyundai Samho Heavy Industries in South Korea. Following the earlier announcement of the purchase of two 2-stroke LNG carrier newbuilds, namely

about 3 years ago
GTT receives new LNGC tank design orders
Other Fuels

GTT receives new LNGC tank design orders

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French LNG containment specialist GTT has received, in the third quarter of 2023, two orders for the tank design of three new liquefied natural gas carriers (LNGCs). The company said the first two LNGCs will be built by the South Korean shipyard HD Hyundai Heavy Industries (HD HHI), on behalf of a E

about 3 years ago
QatarEnergy and Shell agree on 27-year LNG supply to the Netherlands
Other Fuels

QatarEnergy and Shell agree on 27-year LNG supply to the Netherlands

QatarEnergy and Shell, through their affiliates, have signed two long-term LNG sale and purchase agreements for the supply of LNG from Qatar to the Netherlands. Pursuant to the agreements, up to 3.5 million tons per annum (mtpa) of LNG will be delivered to the Gate LNG terminal in the port of Rotter

about 3 years ago
MYTILINEOS and SK E&S enter energy partnership
Other Fuels

MYTILINEOS and SK E&S enter energy partnership

Greece’s MYTILINEOS Energy & Metal has signed a memorandum of understanding (MoU) with South Korean SK E&S to explore means of cooperation in the energy sector. Specifically, under the MoU, the companies agreed to cooperate in the following sectors: To note, MYTILINEOS is already a part of the Asian

about 3 years ago
Eagle LNG takes delivery of first LNGC from Anthony Veder
Other Fuels

Eagle LNG takes delivery of first LNGC from Anthony Veder

U.S.-based supply solutions provider Eagle LNG Partners has taken delivery of its first LNG carrier (LNGC), the Coral Favia, from Dutch gas shipping company Anthony Veder. The 10,000 cubic meter LNG supply vessel is said to be the first of a planned fleet from Eagle LNG offering LNG supply and bunke

about 3 years ago
CIMC SOE hosts delivery ceremony for Fratelli Cosulich’s LNG bunkering ship
Other Fuels

CIMC SOE hosts delivery ceremony for Fratelli Cosulich’s LNG bunkering ship

China’s CIMC SOE has held a delivery signing ceremony for Italian shipowner Fratelli Cosulich’s 8,200 m3 LNG bunkering ship Alice Cosulich. The vessel has a total length of 113 m, a molded width of 20 m, a molded depth of 13.5 m, a design draft of 6.35 m and a load capacity of about 5,300 […]

about 3 years ago
Engine concepts for maritime hydrogen applications next on MAN ES’ agenda
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Engine concepts for maritime hydrogen applications next on MAN ES’ agenda

German engine manufacturer MAN Energy Solutions (MAN ES) has formed a partnership with industry leaders and research institutes to develop concepts for hydrogen-fueled medium-speed engines in the maritime sector. The partnership will work on the project dubbed ‘HydroPoLEn’, which is supported and fu

about 3 years ago
DNV: Despite falling short of Paris Agreement requirements, hydrogen technology set to bring significant changes to energy transition by 2050
Other Fuels

DNV: Despite falling short of Paris Agreement requirements, hydrogen technology set to bring significant changes to energy transition by 2050

Renewable and low-carbon hydrogen is expected to play an important role in decarbonizing and reducing emissions from hard-to-electrify sectors and reaching the Paris Agreement climate goals. While these targets require hydrogen to account for approximately 15% of the world’s energy demand by 2050, D

about 3 years ago
CRI and Jiangsu Sailboat inaugurate CO2-to-methanol plant
Other Fuels

CRI and Jiangsu Sailboat inaugurate CO2-to-methanol plant

Iceland’s Carbon Recycling International (CRI) and China’s Jiangsu Sailboat Petrochemical have started up a CO2-to-methanol plant, marking a milestone in the global effort to boost the production of sustainable methanol. The opening ceremony took place on September 25, 2023, at the Shenghong Petroch

about 3 years ago
North Field off Qatar; Source: QatarEnergy LNG
Other Fuels

TotalEnergies and QatarEnergy strengthen ties with 27-year LNG supply deals to bolster France’s energy security

QatarEnergy has inked two long-term LNG sale and purchase agreements (SPAs) with TotalEnergies for the supply of up to 3.5 mtpa of LNG.

about 3 years ago
Electriq secures €1.1M RVO grant for hydrogen powder plant in Amsterdam port
Other Fuels

Electriq secures €1.1M RVO grant for hydrogen powder plant in Amsterdam port

Israel-based company Electriq Global has received a €1.1 million grant from the Netherlands Enterprise Agency (RVO) for its proposed hydrogen powder manufacturing plant to be located in the Port of Amsterdam. Scheduled to begin operation in 2026, the hydrogen powder manufacturing plant is slated to

about 3 years ago
Safe Bulkers buys two dual-fuel methanol Kamsarmax newbuilds in fleet renewal quest
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Safe Bulkers buys two dual-fuel methanol Kamsarmax newbuilds in fleet renewal quest

Monaco-based dry bulk shipping company Safe Bulkers has entered into contracts for the acquisition of two dual-fuel newbuild Kamsarmax class dry-bulk vessels as part of its fleet renewal strategy. The two 81,200 dwt vessels which are capable of running on methanol and fuel will be acquired at attrac

about 3 years ago
Gate terminal awards owner engineer services deal for 4th LNG tank at Rotterdam port
Other Fuels

Gate terminal awards owner engineer services deal for 4th LNG tank at Rotterdam port

Gate terminal, a joint venture of Dutch gas operators Vopak and Gasunie, has selected Sacyr Engineering and Infrastructure to deliver the owner engineering services for the fourth LNG storage tank in the port of Rotterdam. The contract was awarded to Sacyr’s engineering subsidiary Sacyr Proyecta as

about 3 years ago
TEN
Other Fuels

TEN welcomes its first LNG-powered Aframax tanker

Greek shipping company Tsakos Energy Navigation (TEN) has taken delivery of its first newbuild LNG-powered Aframax tanker. According to TEN, the Njord DF vessel is the first in a series of four high-spec eco-designed vessels built against long-term employment to a major European state-owned oil conc

about 3 years ago