Outlook & Strategy
LNG is currently the most developed alternative fuel, ABS says
LNG is currently the most developed alternative fuel in terms of bunkering infrastructure and its usage is expected to increase significantly, according to the latest research published by classification society ABS.
Tianjin backs Vopak’s infrastructure repurposing for new energies
Vopak has signed a strategic cooperation agreement with the Vice Mayor of Tianjin delegation to support the repurposing of Vopak Tianjin’s infrastructure for new energies.
Capital Product Partners pouring $756 million into LCO2 and LPG/ammonia carriers
Capital Product Partners L.P. is expanding further into the gas sector with a new strategic investment in ten LCO2 and LPG/ammonia carriers.
Stena Line shaping a sustainable future with the use of AI
Swedish ferry company Stena Line has reported a significant reduction in fuel consumption thanks to the use of artificial intelligence (AI).
Incat Crowther-designed hybrid ferries gearing up for Liberty Lines’ service
The first of twelve new hybrid high-speed ferries designed by Incat Crowther for Liberty Lines will soon begin servicing the latter’s routes between Sicily and nearby islands.
European Commission launches new mechanism to boost hydrogen market
To support the development of the European hydrogen market, the European Commission has started work on a pilot mechanism that aims to accelerate investments by providing a “clearer” picture of the market situation of both off-takers and suppliers and facilitating contacts between them.
New ammonia-fueled 3,500 TEU ship design wins AiP
Classification societies ABS and Lloyd’s Register (LR) have awarded Approval in Principle (AiP) to a new ammonia-fueled 3,500 TEU container feeder vessel design.
Repeat client brings SeaBird’s backlog to combined 33 months of OBN source work
Cyprus-headquartered seismic firm SeaBird Exploration has secured a contract with a repeat client that will take its seismic research vessel Eagle Explorer to the Western Hemisphere. The duration of the contract is six months, including options to extend by another 6+6 months. Mobilization has start
Wärtsilä joins RINA, Gas and Heat for ammonia-fueled bunkering vessel project
RINA, Gas and Heat, and Wärtsilä have signed an agreement to develop a bunkering vessel specially designed to deliver and operate on green ammonia fuel.
UMAS parts ways with UCL Energy ‘to better serve’ shipping’s decarbonization
UMAS, formerly a close collaboration between the UCL Energy Institute shipping research group and UMAS International, is to take on a new configuration in order to better serve the shipping sector’s needs, as it moves into an era of rapid technological change and development related to decarbonizati
EU’s natural gas demand in 2023 hits lowest level in 15 years
The demand for natural gas in the EU has taken a downturn for the second year in a row, reaching the lowest level since 2008.
Main suppliers revealed for NKT’s second cable layer as it gets its name
Denmark-based power cable manufacturer and installation company NKT has named its new cable laying vessel (CLV) NKT Eleonora, meaning shining light. According to NKT, the name is a reference to the company’s central position in transmitting power through its cable solutions and to the bright future
Drilling to return to seven-year-old UK field as it hits oil production milestone
EnQuest has reached a milestone of 70 million barrels of oil produced during May from its field in the Northern North Sea which has been online since 2017. The UK oil and gas company noted it had delivered strong operational performance across its operated portfolio so far this year, with full-year
European Commission approves up to €1.4 billion for fourth hydrogen IPCEI
The European Commission has approved a fourth IPCEI to support research, innovation and the first industrial deployment in the hydrogen value chain.