3678 results found for 'methanol'

3678 results found for 'methanol'
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  • Study shows road to net zero in Pilbara-to-Asia export trade route through LNG

    6 June 2024
    Business Developments & Projects, Collaboration, Exploration & Production, Green Marine, Market Outlooks, Outlook & Strategy, Project & Tenders, Research & Development, Technology, Vessels

    A joint study by Pilbara Clean Fuels (PCF), Oceania Marine Energy and RINA has revealed that Well-to-Wake emissions in the Pilbara-to-Asia iron ore export trade route can be reduced by over 90% by 2050 through the use of liquefied methane (LNG).

  • Norsepower to fit rotor sails on low-emission RoRo fleet chartered by Airbus

    9 February 2024
    Exploration & Production, Vessels

    Finnish mechanical sail company Norsepower Oy and French shipowner Louis Dreyfus Armateurs SAS (LDA) have signed a deal to fit Norsepower’s rotor sails on the new low-emission RoRo fleet to be chartered to Airbus.

  • Wuhu Shipyard wins deal for up to ten methanol-powered bulk carriers

    23 January 2024
    Business Developments & Projects, Green Marine, Vessels

    Fujian Guohang Ocean Shipping (Group), a prominent Chinese bulker owner, recently inked a construction deal with compatriot Wuhu Shipyard Co. for up to ten 89,000 dwt methanol dual-fuel bulk carriers. Under the contract, Wuhu Shipyard will build four firm units and up to six additional sister vessels. Designed as net-zero emission intelligent ocean-going cargo ships, […]

  • Wallenius Wilhelmsen lands lucrative contracts worth $1.2 billion

    30 January 2024
    Business & Finance, Business Developments & Projects, Collaboration, Green Marine, Market Outlooks, Outlook & Strategy, Vessels

    Oslo-listed Wallenius Wilhelmsen has sealed two contracts worth over $1.2 billion with an unnamed global construction and mining equipment manufacturer and one of the largest automotive distributors in the Americas. The first multi-year shipping contract, valued at approximately $1 billion based on expected volumes is valid for three years with an optional two-year extension. The […]

  • Switching to ammonia as marine fuel may create more problems than it solves

    5 February 2024
    Business Developments & Projects, Outlook & Strategy, Research & Development, Transition

    Switching to ammonia as a marine fuel, with the goal of decarbonization, can instead create entirely new problems, a new study found.

  • China debuts its first methanol bunkering vessel

    19 January 2024
    Business Developments & Projects, Green Marine, Innovation, Outlook & Strategy, Transition, Vessels

    On January 13, 2024, China’s inaugural methanol bunkering ship, Hai Gang Zhi Yuan, embarked on its maiden voyage, following a conversion process at Zhoushan Putuo Changhong Shipbuilding Co. The ship left for Shanghai Port where it was put in operation as an integral part of Shanghai Port Clean Energy Center. The 16,000 cbm vessel, previously […]

  • LNG-powered CMA CGM Belem launched in China

    31 January 2024
    Business Developments & Projects, Green Marine, Infrastructure, Vessels

    Chinese shipbuilder Hudong-Zhonghua has launched a newbuild 13,000 TEU LNG dual-fuel containership for French shipping giant CMA CGM. The ship named CMA CGM Belem was launched four days ahead of schedule on January 29, 2024, at the Changxing Shipbuilding Base. LNG-powered CMA CGM Belem has a total length of 336 meters and a width of […]

  • Carnival inches close to its 2030 emission reduction targets

    7 February 2024
    Business Developments & Projects, Green Marine, Outlook & Strategy, Transition, Vessels

    The world’s largest cruise company Carnival Corporation & plc is on track to achieve an overall 18% reduction in greenhouse gas (GHG) emission intensity on a lower berth capacity basis in 2024 compared to 2019. The achievement is just a few points shy of its 20% reduction goal originally targeted for 2030, Carnival said. By year-end, […]

  • Shipbuilding giants rake in $2.5 billion from UAE player’s LNG fleet expansion rush

    3 July 2024
    Business & Finance, Business Developments & Projects, Project & Tenders, Transition, Vessels

    ADNOC L&S has gone on a spending spree to bolster its liquified natural gas (LNG) carriers’ arsenal with multiple newbuild vessels.

  • Hayfin strikes again with Post-Panamax pair at Oshima

    5 February 2024
    Business Developments & Projects, Green Marine, Vessels

    Europe’s shipping investor Hayfin Capital Management has signed a contract with Oshima Shipbuilding and Sumisho Marine to construct two 100,000 dwt Post-Panamax dry bulk carriers. Once constructed, the ships will be delivered to an unnamed international energy trader on a long-term charter. The vessels will be managed by Hayfin’s in-house ship management platform, Greenheart Shipping, […]

  • Green innovations usher renewable energy revolution

    16 February 2024
    Innovation

    The Offshore Energy Exhibition & Conference 2023 (OEEC 2023) was a great opportunity to get to know innovators and their innovative solutions from the offshore energy realm.

  • Wisdom Lines sets sail into 2024 with $80 million investment

    22 January 2024
    Business Developments & Projects, Green Marine, Market Outlooks, Outlook & Strategy, Vessels

    Taiwanese shipping company Wisdom Lines is starting 2024 with a $80 million investment in two 84,000 dwt bulk carriers. The company revealed that its Board of Directors approved the purchase of the vessels, which are set to be constructed by Tsuneishi Group (Zhoushan) Shipbuilding Inc. in China, the Chinese base of Japan’s Tsunesihi Shipbuilding.  Wisdom […]

  • TFG Marine welcomes LNG dual-fueled bunker tanker for Singapore operations

    30 January 2024
    Business Developments & Projects, Infrastructure, Vessels

    TFG Marine, an international marine fuel joint venture founded by Trafigura, Frontline and Golden Ocean, has christened the first liquefied natural gas (LNG) duel-fueled bunker tanker to join its fleet.

  • BP, Shell, TotalEnergies and Mitsui take stakes in ADNOC’s huge LNG project

    10 July 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Collaboration, Infrastructure, Outlook & Strategy, Project & Tenders, Transition, Vision

    Abu Dhabi National Oil Company (ADNOC) has signed agreements with industry majors BP, Mitsui & Co., Shell and TotalEnergies under which each will take a 10% equity stake in what will be the first liquefied natural gas (LNG) export facility in the Middle East and North Africa (MENA) region to run on clean power, with ADNOC […]

  • Bahri Chemicals to time-charter new methanol-powered tanker duo from Proman

    18 January 2024
    Business Developments & Projects, Collaboration, Infrastructure, Outlook & Strategy, Vessels

    Proman and Bahri ink a five-year agreement for Bahri Chemicals, a Bahri arm, to time-charter two methanol-powered ships, Stena Provident and Stena Progressive, to transport various products globally.

  • Liquid Wind and partners launch design & performance center to boost eFuel innovation and production

    22 February 2024
    Business Developments & Projects, Collaboration, Infrastructure, Innovation, Outlook & Strategy, Research & Development, Transition

    Swedish electrofuel developer Liquid Wind, together with its partners Alfa Laval, Carbon Clean, Siemens Energy, and Topsoe, has launched the eFuel Design & Performance Center (DPC) in Hørsholm, Denmark. The launch of DPC builds on Liquid Wind’s partnership formed in 2020 and the recently announced plans for developing and marketing ten additional eMethanol facilities in the […]

  • Uniper advances renewable electrofuel project in Sweden

    1 February 2024
    Business Developments & Projects, Infrastructure, Outlook & Strategy

    German energy group Uniper has signed an agreement with Swedish power company Jämtkraft to secure access to land and electricity grid connection for its sustainable electrofuel project NorthStarH2 in Östersund, Sweden. The aim of this project is to produce e-methanol from renewable hydrogen and captured biogenic carbon dioxide (CO2). The planned facility will be set […]

  • Santos signs up to join global initiatives for flaring and methane crackdown

    26 February 2024
    Business & Finance, Business Developments & Projects, Collaboration, Transition

    Santos has become the latest oil and gas player to join two climate change initiatives, related to flaring and methene reduction.

  • India rolls out program to support green hydrogen ship retrofits

    5 February 2024
    Authorities & Government, Regulation & Policy

    India’s government has released a new scheme that aims to support retrofitting existing vessels to run on green hydrogen.

  • Höegh Autoliners’ first LNG-powered Aurora-class PCTC hits the water in China

    29 January 2024
    Business Developments & Projects, Vessels

    Norway-based shipping company Höegh Autoliners has revealed that its first LNG-powered Aurora-class PCTC was floated out of the drydock in China.

  • TotalEnergies greenlights solar-powered gas project envisioned as Middle East’s first LNG bunkering hub

    22 April 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Collaboration, Environment, Exploration & Production, Innovation, Project & Tenders, Regulation & Policy, Transition

    TotalEnergies has made a final investment decision (FID) for an LNG project in Oman, which is designed to run on solar power.

  • Masdar and CMA CGM forge green maritime fuels alliance

    30 January 2024
    Business Developments & Projects, Collaboration, Green Marine, Outlook & Strategy, Transition

    Abu Dhabi-based clean energy company Masdar and French shipping major CMA CGM have signed a strategic supply partnership (SSP) to explore opportunities for long-term green maritime fuels offtake contracts. Masdar revealed the agreement on January 30, stating that the partnership aims to source, supply, and deliver green alternative fuels for CMA CGM’s dual-fuel vessels in […]

  • SIPG, Evergreen Marine sign green methanol supply deal

    16 January 2024
    Business Developments & Projects, Infrastructure, Ports & Logistics, Vessels

    SIPG and Evergreen Marine recently signed a memorandum of cooperation on green methanol fuel supply for ships in the port.

  • GSI wraps up China’s 1st methanol dual-fuel tanker construction project with delivery of Stena Progressive

    16 January 2024
    Business Developments & Projects, Green Marine, Outlook & Strategy, Transition, Vessels

    China’s shipbuilding major Guangzhou Shipbuilding International (GSI), a subsidiary of China State Shipbuilding Corporation, has handed over the 50,000-ton methanol dual-fuel oil tanker Stena Progressive to its owner Proman Stena Bulk, the joint venture between Stena Bulk and methanol producer Proman. The completion of this tanker vessel marks the conclusion of China’s inaugural methanol dual-fuel […]

  • Mitsui, Celanese joint venture starts CO2-to-methanol production

    15 January 2024
    Business Developments & Projects, Collaboration, Exploration & Production, Outlook & Strategy

    Fairway Methanol, a U.S.-based 50-50 joint venture (JV) between Japan’s Mitsui & Co. and U.S. Celanese Corporation, has begun the production of methanol by using carbon dioxide (CO2) emitted from plants surrounding the venture’s facility. According to Mitsui, Fairway Methanol is expected to capture 180 thousand metric tons of CO2 and produce 130 thousand metric […]