Outlook & Strategy
BP and PetroChina secure regasification capacity at Gate LNG terminal
Gate LNG terminal, a joint venture of Dutch companies Vopak and Gasunie, has announced that energy majors BP and PetroChina International London Co. Ltd will each separately acquire two billion cubic metres (BCM) per year of regasification and corresponding storage capacity. Gate terminal informed t
Norden expands into wind energy and general cargo market with Thorco Projects acquisition
Danish shipping company Norden has entered into an agreement to acquire Thorco Projects, a business specializing in general cargo segments such as break bulk, steel, and wind energy. This strategic move marks Norden’s expansion into new markets including the wind energy segment, which is a growing s
Erik Thun to fit battery packs on nine ships
Swedish shipping company Erik Thun Group is investing $3.34 million in the installation of battery packs on nine of its existing vessels in the dry cargo fleet. The ship owner explained that by installing battery packs and making the shore power connection smoother for the vessels, the need to use t
GTT to provide technical services to EPS and CoolCo
French LNG containment specialist GTT has signed a technical services agreement (TSA) with the shipping and maritime company Eastern Pacific Shipping (EPS) and its LNG affiliate CoolCo. As part of the agreement, GTT is expected to support EPS and CoolCo with the maintenance and operation of a global
UK’s first HVDC cable factory granted another approval
UK-based XLCC has secured detailed planning approval to build what is said to be the UK’s first HVDC cable factory, located in North Ayrshire, Scotland. North Ayrshire Council Planning Committee granted full planning permission for XLCC’s HVDC subsea cable manufacturing operations in Hunterston, Sco
Quadrise-Vertoro partnership: First CSO bioMSAR trials completed
Quadrise Plc, a supplier of energy solutions, and Vertoro BV, biorefinery specialists, have provided an update on their collaboration to develop a cost-effective supplement or alternative to glycerine in Quadrise’s bioMSAR™ fuel. Quadrise informed it has produced stable blends of bioMSAR™ containing
Hapag-Lloyd inks biofuel supply deal with ExxonMobil
Oil and gas major ExxonMobil has signed an agreement to supply German liner major Hapag-Lloyd with B30 marine biofuel oil in the Amsterdam-Rotterdam-Antwerp (ARA) region. Biofuel is an important part of Hapag-Lloyd’s sustainability journey as biofuel blends can give a meaningful contribution to deca
Jovo to equip LNG carriers with Ascenz Marorka’s ‘Smart Shipping’ solution
Ascenz Marorka, a GTT Group brand, has been awarded two contracts by Jovo, a China-based clean energy service provider, to equip two LNG carriers with its ‘Smart Shipping’ solution. According to GTT, a French LNG containment specialist, the contracts cover the installation of automatic data collecti
Clarksons: 65 pct of cruise industry’s orderbook to run on alternative fuels
The cruise industry is pushing forward with the uptake of alternative fuels as part of its decarbonization efforts, with 65 percent of the current orderbook being capable of running on alternative fuels, data from Clarksons shows. What is more, the focus of the newbuilding intertest has shifted to s
Early Bird tickets for Offshore Energy Exhibition & Conference 2023 now available!
Great news! Tickets for Offshore Energy Exhibition & Conference 2023 (OEEC) are now available for purchase! OEEC takes place on 28 & 29 November 2023 in RAI Amsterdam. Benefit from the Early Bird price and buy your ticket here to get a 25 % discount by using the code EARLYBIRD2023. OEEC is a premier
Plagazi to work with Petrofac on development of Köping Hydrogen Park
Cleantech company Plagazi has announced it will collaborate with services provider Petrofac on the development of Köping Hydrogen Park in Sweden. Petrofac’s Engineering and Consultancy team will assist Plagazi in establishing and defining the plant battery limits in addition to refining the plant de
Global floating solar set to go above 6GW by 2031, Wood Mackenzie finds
The global floating solar market is expected to pass the 6GW threshold by 2031, with the Asia-Pacific region showing highest demand, according to the analysis from Wood Mackenzie.
Hanwha Ocean, formerly known as DSME, eyes $107 million in stock sale
Daewoo Shipbuilding & Marine Engineering, one of South Korea’s top three shipbuilders, plans to raise 141.3 billion won ($107.7 million) through a stock offering. The proceeds from this offering will primarily be used to pay off the company’s debts, according to regulatory filings. In the stock offe
Hydrogen Mobility Ireland reports on role of H2-derived e-fuels in maritime
Hydrogen Mobility Ireland (HMI), a group of Irish stakeholders looking to develop the use of hydrogen for transport in Ireland, has issued a report on how the development of a hydrogen ecosystem can facilitate the production of sustainable e-fuels for use in aviation and shipping transport. In the r