U.S. energy infrastructure company New Fortress Energy (NFE) has revealed its financial results and business achievements for the second quarter of 2023. The company reported adjusted EBITDA of $246 million in the second quarter of 2023 and $686 million in the first half of 2023, as well as net inco
EE North America (EENA), a subsidiary of Denmark-based European Energy, has signed a Letter of Intent (LOI) with Pennsylvania-based Montauk Renewables to purchase biogenically produced CO2 for the production of e-methanol which will be used as a marine fuel. The strategic agreement will grant EENA t
Swedish firm ScanOcean and Finnish oil refining and marketing company Neste Oyi have unveiled a new lower-emission DMA Gasoil for the shipping sector.
Technology companies Technip Energies and Enerkem have signed a Memorandum of Understanding (MoU) to enter into a collaboration agreement aimed at accelerating the deployment of Enerkem’s technology platform for biofuels and circular chemical products from non-recyclable waste materials. Specificall
Danish shipping company Norden has acquired a minority stake in MASH Makes, a Danish-Indian biofuel scale-up which researches, develops and produces renewable fuels from biomass waste. Norden sees the investment as a strategic partnership that will help secure access to renewable fuels, specifically
The world’s first green methanol-powered containership owned by Danish shipping giant A.P. Moller Maersk has arrived in Singapore for bunkering.
Andorra-based marine battery maker AYK Energy has opened a new 5000 sqm factory in Zhuhai, China, to boost the company’s production capacity. According to AYK Energy Founder Chris Kruger, the factory will ramp up the capacity, using a new automated manufacturing system, to 300 MWH a year, with the a
German cruise line TUI Cruises has revealed that it has tested B30-blend fuel on its ship Mein Shiff 4 as part of a voyage beyond the Barents Sea to the islands of Svalbard.
As part of the Grand Canal du Havre call for projects, through the conclusion of state titles, Haropa Port has awarded French utility company Engie 24 hectares (ha) of land for the development of a benchmark platform for alternative new industrial fuels embodied by the Salamandre and France KerEAUze
The International Bunker Industry Association (IBIA) and Green Marine have signed a cooperation agreement to develop a methanol bunkering training programme, with support form the Methanol Institute. The aim of the agreement is to provide for existing and future crew operating on bunker tankers and
Singapore-based Eastern Pacific Shipping (EPS) and China Power International Development Limited have signed a Framework Cooperation Agreement (FCA) to collaborate on the production of green energy and renewable fuel solutions. Under the FCA, the two parties will cooperate to advance the development
bp Marine, a part of energy major bp’s trading and shipping business, has entered into a long-term supply agreement with integrated transport company StraitNZ, which includes the supply of marine biofuels in the port of Wellington.
The Clean Energy Marine Hubs Initiative (CEM-Hubs), the first-of-its-kind platform that brings together the private sector and governments across the energy-maritime value chain to transform maritime transportation and production hubs for future low-carbon fuels, has been adopted by the Clean Energy
South Korean shipbuilding major HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) has secured a contract for the construction of two liquified CO2 (LCO2) carriers from Greek shipowner Capital Ship Management.
