The global energy and commodity group, Mercuria, has partnered with maritime innovator ÈTA Shipping to establish a joint venture. This collaboration aims to build six initial electric short sea vessels, with an option for an additional ten ships. The construction of these vessels will be carried out
Methanol producer Proman and carbon-negative materials company Origin Materials have entered a strategic partnership centered on low-carbon biofuel production utilizing Origin’s technology platform and Proman’s fuels capabilities and expertise. Specifically, the two companies signed an agreement to
Crude oil tanker company DHT Holdings has completed the installation of three exhaust gas cleaning systems in the second quarter of 2023 and now all 23 very large crude carriers (VLCCs) in the company’s fleet are scrubber-fitted. Scrubbers, also known as exhaust gas cleaning systems, allow companies
Finnish crane manufacturer Konecranes has won an order from CMA CGM Kaohsiung Terminal Co. Limited to supply 7 hybrid Konecranes Noell Rubber-Tired Gantry (RTG) cranes to their container handling terminal at the main port in Taiwan. The order is part of CMA CGM Group’s efforts to streamline their op
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
Norwegian company Sunlit Sea has installed a 60kWp floating solar unit in Germany as part of the partnership with Rixen Cableway, formed to revolutionize water sports industry and to make it more sustainable.
Cedar LNG, a partnership between the Haisla Nation and Canadian energy infrastructure company Pembina Pipeline, has pushed the final investment decision (FID) to the fourth quarter of 2023 due to the second front-end engineering design (FEED) process for the floating LNG vessel. Prior to this, FID f
The world’s largest container shipping firm MSC has returned to Chinese shipbuilder Zhoushan Changhong International Shipyard with an order for an additional ten LNG-powered containerships. The deal will see Zhoushan Changhong International Shipyard build ten LNG-powered behemoths each boasting a 10
The North Sea oil & gas industry spent £1.6 billion on decommissioning redundant wells and infrastructure last year, more than in any of the previous five years, the latest report by the North Sea Transition Authority (NSTA) states. The industry spent a total of around £8 billion from 2017-2022 and
Japan’s Mitsui E&S has received orders for two units of WT-3 high-pressure boil-off gas (BOG) compressor from its compatriot Mitsubishi Shipbuilding. According to Mitsui, the WT-3 BOG compressors will be delivered as one of LNG fuel supply systems of dual-fuel engines to be equipped on 210,000 DWT L
Singapore-based tanker owner and operator Hafnia has leaped onto the methanol bandwagon with the recent order for four 49,800 deadweight dual-fuel methanol chemical IMOII Medium-Range (MR) tankers. The deal was signed with China’s Guangzhou Shipyard International (GSI) together with Hafnia’s joint-v
British tidal energy specialist SBS has signed a contract with Indonesia’s state-owned Prima Layanan Nasional Enjiniring (PLNE) for the provision of technical advice for tidal energy projects in the world’s largest archipelagic state.
Bermuda-based shipping company Himalaya Shipping, a rising star in the dry bulk industry, is well on its way on its transition path into a fully operational company, thanks to timely investments in the ‘right ships’. One of the key highlights of the first half of 2023 for the company was the deliver
The Association of Panamanian Shipowners (ARPA) has become an associate member of the International Chamber of Shipping (ICS). Launched in 2020, ARPA was created by shipowners and operators of vessels to strengthen Panama’s shipping industry. This membership will build on the relationships across th
