Greek tanker owner Performance Shipping has signed a contract with China Shipbuilding Trading Company Limited and Shanghai Waigaoqiao Shipbuilding for the construction of a 114,000 dwt LNG-ready LR2 Aframax product/crude oil tanker worth $62.6 million. The shipowner said that the tanker is slated fo
A wave energy device, developed by the Spanish company Rotary Wave, has been installed in Valencia to provide clean electricity for the public lighting at the city’s seafront.
Methanol is the fastest-growing alternative fuel option being adopted by shipowners today next to LNG. The rise in popularity, especially over the past year, has been boosted by a massive vote of confidence by one of the world’s largest container shipping companies, Maersk, the example of which has
The consortium De Nederlandse Waterstof Delta (The Dutch Hydrogen Delta) has submitted a plan to Dutch MPs Bontenbal, Boucke, and Erkens to kickstart the electrolyser manufacturing industry and thus accelerate the hydrogen economy. According to the Port of Rotterdam, the plan, which ensures that the
Jan De Nul, Tractebel, and DEME have jointly developed a new offshore floating solar technology, said to be capable of operating in harsh marine conditions and in combination with offshore wind farms.
Westwood says offshore rig scrapping is at its lowest level in years, as the offshore drilling market’s recovery intensifies.
Italian shipbuilder Fincantieri has launched Sun Princess at its yard in Monfalcone, the first of two LNG-powered cruise ships being built for Princess Cruises, an American cruise line owned by Carnival Corporation. With 175,500 gross tons, Sun Princess is the largest ship built in Italy so far, as
Malaysian energy major Petronas has inaugurated LNG bunkering business with its long-term Chinese partner Tiger Gas through its Petronas Marine brand. The inauguration follows the completion of Petronas’ maiden ship-to-ship LNG bunkering operation of approximately 500 tonnes of LNG for Tiger Gas’ Ti
A new study has revealed that wave energy can play an instrumental role in the decarbonization of the steel manufacturing industry, which accounts for around 7% of global greenhouse emissions.
Santos Energy Solutions, an energy transition business of Australian oil&gas player Santos, has entered into an agreement with Osaka Gas Australia (OGA) to advance its project for producing carbon-neutral e-methane from green hydrogen. Santos entered into an agreement with the subsidiary of Japanese
Baker Hughes has joined forces with BP to further define and develop its new integrated suite of solutions for asset performance management and process optimisation.
Al Seer Marine, a unit of Abu Dhabi-based International Holding Company, confirmed an order for two additional MR tankers at Korea’s shipbuilder K Shipbuilding. The order was disclosed in a stock exchange filing, a month after K Shipbuilding announced the deal without disclosing the name of the ship
Singapore-based ship manager Synergy Group is rolling out new tailor-made Personal Protective Equipment (PPE) to its growing number of female seafarers. Synergy, which manages a fleet of over 540 vessels and employs over 20,000 seafarers, commissioned Hercules Safety to manufacture the new gear. The
Chevron and JERA have joined forces to explore carbon capture and storage (CCS) projects in the United States and Australia.
