3678 results found for 'methanol'

3678 results found for 'methanol'
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  • WinGD methanol-fueled engines picked for six green boxships

    20 November 2023
    Collaboration, Infrastructure, Outlook & Strategy, Transition, Vessels

    WinGD is to supply X-DF-M methanol-fueled engines for a series of 6 container vessels to be built at Yangzijiang Shipbuilding.

  • ONE pulls trigger on new ships with order for 12 methanol dual-fuel boxships

    22 November 2023
    Vessels

    Singapore-based shipping company Ocean Network Express (ONE) has placed an order for twelve new methanol dual-fuel contanerships.

  • Petrobras and European Energy looking into e-methanol opportunities in Brazil

    20 November 2023
    Business Developments & Projects, Collaboration, Outlook & Strategy, Project & Tenders, Research & Development, Transition

    Brazilian state-owned oil and gas giant Petrobras and Danish company European Energy have signed a memorandum of understanding (MoU) to investigate business opportunities for developing an e-methanol plant in Brazil, on a non-binding basis. According to Petrobras, the companies have vertically integrated operations involving the energy transition, including generating renewables and providing green hydrogen-based solutions. […]

  • World’s first cost-efficient green methanol pilot plant inaugurated in Germany

    21 November 2023
    Business Developments & Projects, Collaboration, Green Marine, Infrastructure, Outlook & Strategy, Transition

    The German research consortium has inaugurated the world’s first pilot plant for the cost-efficient production of green methanol in the Leuna Chemical Park. The pilot plant was inaugurated on November 20 as part of the Leuna100 project which was launched in the Leuna Chemical Park in August 2023 and is set to run for three […]

  • LR, partners develop space-saving concept for methanol-powered ships

    20 November 2023
    Equipment, Vessels

    Classification society Lloyd’s Register (LR), in collaboration with SDC Ship Design and Consult, has developed a new concept for the use of ballast water tanks in place of cofferdams around methanol tanks, allowing ship operators more space for methanol fuel technology. 

  • CMA CGM welcomes 13,000 TEU LNG-powered CMA CGM Bahia

    8 December 2023
    Vessels

    Chinese shipbuilder Hudong-Zhonghua has delivered 13,000 TEU LNG-powered containership CMA CGM Bahia to French shipping giant CMA CGM Group.

  • Interview with Bureau Veritas: US LNG permitting freeze could unleash upsurge in renewables and hydrogen

    19 February 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Environment, Exploration & Production, Market Outlooks, Outlook & Strategy, Project & Tenders, Regulation & Policy, Transition

    two representatives from Bureau Veritas have provided their take on the current energy trends, highlighting that renewables and hydrogen are positioned to reap the benefits from the recent U.S. liquefied natural gas (LNG) permitting pause.

  • World’s 1st hydrogen-powered tug launched

    13 December 2023
    Authorities & Government, Business Developments & Projects, Green Marine, Innovation, Outlook & Strategy, Ports & Logistics, Regulation & Policy, Rules & Regulation, Transition, Vessels

    The Hydrotug 1, the world’s first hydrogen-powered tugboat, has been launched and is now ready to start operations in the Port of Antwerp-Bruges. The port ordered the tug in 2019 from Antwerp-based Compagnie Maritime Belge (CMB) as part of its strategy of becoming a climate-neutral port by 2050. “The Hydrotug 1 is the world’s largest hydrogen-powered […]

  • Engine roar and ammonia tanks soar: Höegh Autoliners’ reveals construction progress on its inaugural Aurora PCTC

    28 November 2023
    Business Developments & Projects, Green Marine, Innovation, Outlook & Strategy, Transition, Vessels

    Norwegian RoRo shipping company Höegh Autoliners announced the arrival of the main engine for the first car carrier vessel of its Aurora Class newbuilds. The engine, produced in Ulsan, South Korea, has completed its journey to the China Merchants Heavy Industry shipyard in Jiangsu, China, setting the stage for its integration into the inaugural Aurora […]

  • BP’s profit cut in half but $13.8 billion still cinched in 2023

    6 February 2024
    Business & Finance, Business Developments & Projects, Exploration & Production, Transition

    Despite a 50% fall in profit on a year-over-year basis, BP still reported a solid overall operational and financial performance during 2023.

  • Construction starts on Terntank’s second wind/methanol-ready tanker

    16 November 2023
    Business Developments & Projects, Infrastructure, Vessels

    Swedish/Danish tanker operator Terntank has celebrated the steel cutting ceremony of its second of three new wind and methanol-powered 15,000 dwt hybrid tankers.

  • Strife over US LNG permit freeze: Win for environmentalists and loss for Big Oil but is there more to it?

    13 February 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Regulation & Policy, Rules & Regulation, Transition

    The Biden administration’s imposed pause on pending approvals of liquefied natural gas (LNG) exports is seen as a controversial move, which has brought the strife between Big Oil and climate campaigners to the fore.

  • World’s 1st ship management company for methanol-powered vessels created

    13 November 2023
    Business Developments & Projects, Collaboration, Infrastructure, Outlook & Strategy, Vessels

    Dockendale Ship Management and Green Marine have created Dockendale Green Marine Ship Management, the world’s first ship management company exclusively dedicated to methanol-powered ships.

  • CCS, nuclear come under fire as EU sets 2040 climate goals, broadens scope of Net-Zero Industry Act

    7 February 2024
    Authorities & Government, Business Developments & Projects, Carbon Capture Usage & Storage, Green Marine, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition

    The European Council and Parliament reached a provision deal on Tuesday, February 6, on the ‘net-zero industry act’ (NZIA), a regulation that establishes a framework of measures for strengthening Europe’s net-zero technology products manufacturing ecosystem. The regulation aims at boosting the industrial deployment of net-zero technologies needed to achieve EU’s climate goals, by easing conditions […]

  • Pertamina and Karpowership forge LNG and alternative fuels alliance

    4 December 2023
    Business Developments & Projects, Collaboration, Infrastructure, Outlook & Strategy, Research & Development

    Indonesia’s PT Pertamina International Shipping (PIS), a subsidiary of PT Pertamina (Persero), and Turkey’s Karpowership have formalized a general partnership agreement (GPA) to develop sustainable energy infrastructure in Indonesia. Under the GPA, which was formalized during the COP28 in Dubai on Friday, December 1, the entities will join forces to explore and implement various initiatives […]

  • Hayfin unlocks $1 billion in shipping asset potential

    7 December 2023
    Business & Finance, Business Developments & Projects, Green Marine, Outlook & Strategy, Vessels

    Europe’s shipping investor Hayfin Capital Management has completed a fundraising process for its Maritime Yield strategy, attracting $400m in capital commitments for the fund. With the latest financing round, Hayfin will have the capacity to acquire up to $1bn of shipping assets when coupled with conservative debt financing. Hayfin said it plans to invest across […]

  • SCZONE, Scatec ink $1.1 billion MoU for green bunkering in East Port Said

    4 December 2023
    Authorities & Government, Business Developments & Projects, Collaboration, Infrastructure, Outlook & Strategy, Regulation & Policy

    On the sidelines of COP28, a $1.1 billion memorandum of understanding (MOU) for green bunkering in Egypt has been signed.

  • Green corridor surge: initiatives soar to 44, doubling from last year’s count

    4 December 2023
    Authorities & Government, Business Developments & Projects, Collaboration, Green Marine, Infrastructure, Market Outlooks, Outlook & Strategy, Ports & Logistics, Regulation & Policy, Rules & Regulation, Transition, Vessels

    The number of green corridor initiatives around the world went from 21 to 44 over the past year, according to the findings of the 2023 Annual Progress Report on Green Shipping Corridors released by the Global Maritime Forum. The report finds that there is a ‘substantial maturation’ among existing corridors, with multiple corridors clearing a progress […]

  • CNOOC’s plans for 2024: Upping hydrocarbon production, natural gas exploration, and green power ante

    25 January 2024
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Exploration & Production, Market Outlooks, Outlook & Strategy, Transition

    CNOOC plans to step up oil and gas production and scale up natural gas exploration activities while pursuing its energy transition agenda.

  • Unity is key to successful green transport corridors

    27 November 2023
    Business Developments & Projects, Collaboration, Infrastructure, Outlook & Strategy, Ports & Logistics, Transition, Vision

    Germany and Sweden have together made considerable advancements in establishing a green shipping and logistics corridor between Kiel and Gothenburg, participants at a recent port event in Gothenburg said.

  • PIL and DP World team up to decarbonize global supply chains by using alternative fuels

    7 December 2023
    Business Developments & Projects, Collaboration, Green Marine, Infrastructure, Outlook & Strategy, Ports & Logistics, Research & Development

    Singapore’s shipping company Pacific International Lines (PIL) and Dubai-based port operator DP World have signed a memorandum of understanding (MoU) to jointly develop green solutions, such as using alternative fuels, to decarbonize global supply chains. PIL and DP World signed the agreement at the UN Climate Change Conference (COP28) in Dubai, demonstrating their commitment to combating climate change […]

  • CMES exercises options for 4 methanol-fueled car carriers, orders 4 bulkers

    14 November 2023
    Business Developments & Projects, Vessels

    Shipping company China Merchants Energy Shipping (CMES), part of China Merchants Group, has ordered a total of eight new vessels from China Merchants Industry.

  • Pacific Basin closes sustainability-linked loan

    6 December 2023
    Business & Finance, Business Developments & Projects, Green Marine, Vessels

    Pacific Basin Shipping Limited, a Hong Kong-listed player in dry bulk shipping, has concluded its $150 million sustainability-linked 3-year senior unsecured committed revolving credit facility. This signifies Pacific Basin’s first foray into sustainability-linked loan facilities, the company said, adding that it would use the loan for general corporate purposes. “This facility enhances our financial capacity, […]

  • Cummins, partners get financial boost for methanol retrofit kit project

    13 November 2023
    Business & Finance, Business Developments & Projects, Project & Tenders

    US-based tech provider Cummins has received £4.4 million (about $5.36 million) for its methanol retrofit kit as part of the Zero Emission Vessels and Infrastructure (ZEVI) competition funded by the UK Government.

  • Seaspan ventures into PCTC sector with Hyundai Glovis-backed deal for up to 10 ammonia-ready newbuilds

    5 December 2023
    Business & Finance, Business Developments & Projects, Collaboration, Green Marine, Outlook & Strategy, Transition, Vessels

    Hong Kong-based containership owner Seaspan Corporation is entering a new market segment with a pivotal order for up to ten dual-fuel LNG Pure Car and Truck Carrier (PCTC) vessels in partnership with South Korean shipping company Hyundai Glovis. Seaspan has signed the construction contract with China State Shipbuilding Corporation’s Shanghai Waigaoqiao Shipbuilding. The deal entails the […]