3678 results found for 'methanol'

3678 results found for 'methanol'
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  • Cargill joins global trade association for methanol industry

    7 November 2023
    Business Developments & Projects, Outlook & Strategy

    Swiss freight-trading organization Cargill Ocean Transportation has become the newest member of the Methanol Institute, a global trade association for the methanol industry. Founded in 1956 in Geneva, Cargill Ocean Transportation charters around 650 vessels worldwide. According to Rakhi Rastogi, Shipping and Energy Analytics Lead for Cargill’s ocean transportation business, the company’s commitment to zero-carbon […]

  • Producers vow to deliver 11 million tons of hydrogen-derived marine fuel by 2030

    6 December 2023
    Business Developments & Projects, Collaboration, Green Marine, Outlook & Strategy, Regulation & Policy

    Green hydrogen producers have agreed to produce 11 million tons of the low-emissions fuel for use by the shipping sector by 2030 as part of a Joint Commitment that aims to enable the use of renewable hydrogen-derived shipping fuel this decade to meet maritime industry decarbonization targets. The Joint Commitment, organized by the UN High Level […]

  • Conoship and Bouman join forces on ship-based carbon capture joint venture

    22 January 2024
    Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Green Marine, Outlook & Strategy, Transition, Vessels

    EverLoNG ship-based carbon capture project partners Bouman Industries and Conoship International have signed an agreement to create a joint venture that would build ship-based carbon capture (SBCC) systems. The new partnership, called Carobotreat Maritime, aims to use its combined expertise to help shipowners and operators reduce CO₂ emissions on their newbuild and existing vessels.  “It’s my […]

  • ONE to test containerized wind assist devices

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

    Singapore-based shipping company Ocean Network Express (ONE) has launched a new trial aimed at unlocking the potential of wind propulsion as a sustainable solution for the maritime industry.

  • 14 methanol-powered ships ordered in October

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

    A total of 14 orders for methanol-powered ships were recorded in October as demand for alternative fuels in the maritime industry continues to rise in line with the ever-stringent regulatory landscape, data from DNV’s Alternative Fuel Insights (AFI) database shows. Some of the most recent orders saw Norwegian shipping and logistic company Wallenius Wilhelmsen signing […]

  • SCI, Wärtsilä to explore converting vessels to run on green methanol

    7 November 2023
    Business Developments & Projects, Research & Development, Vessels

    Finnish technology group Wärtsilä and Shipping Corporation of India (SCI) have signed a Memorandum of Understanding (MoU) to explore options for converting at least two SCI’s vessels to be capable of operating on green methanol.

  • TotalEnergies achieves ‘robust’ multi-billion profit while balancing energy transition scales

    7 February 2024
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Transition

    TotalEnergies has managed to tuck strong financial and operating results for the fourth quarter and full year 2023 under its belt.

  • Hudong-Zhonghua delivers scrubber-fitted ONE Fantastic

    28 November 2023
    Business Developments & Projects, Infrastructure, Vessels

    Chinese shipbuilder Hudong-Zhonghua Shipbuilding has handed over a new 15,500 TEU containership to Seaspan Corporation, a ship manager and owner located in Hong Kong and the Marshall Islands.

  • ‘West Green Shipping Corridor’ to link North America and Asia

    8 December 2023
    Business Developments & Projects, Collaboration, Infrastructure, Market Outlooks, Outlook & Strategy, Ports & Logistics, Transition, Vessels

    Canada has signed a memorandum of understanding (MOU) to pursue the establishment of a green shipping corridor between Canada’s West Coast and ports in the United Arab Emirates, Korea and Japan.

  • Delta and Ceres enter hydrogen energy technology collaboration

    19 January 2024
    Business & Finance, Business Developments & Projects, Collaboration, Outlook & Strategy, Technology

    Taiwan-based electronics manufacturing company Delta Electronics has signed a long-term collaboration agreement, which includes technology transfer and licensing, with Ceres Power Limited, a subsidiary of UK-based developer of clean energy technology Ceres Power Holdings, to access Ceres’ hydrogen energy stack technology portfolio for approximately £43 million ($54.52 million). Through this partnership, Delta said the company […]

  • MAN to power Wallenius Wilhelmsen’s methanol dual-fuel car carriers

    7 November 2023
    Business Developments & Projects, Collaboration, Equipment, Green Marine, Outlook & Strategy, Vessels

    Norwegian shipping and logistic company Wallenius Wilhelmsen has ordered four methanol dual-fuel marine engines from German engine manufacturer MAN Energy Solutions. The engines are intended for the recently confirmed four 9,300 car equivalent unit (CEU) car carriers that will be built in China at the Jinling Shipyard (Jiangsu). The ships are scheduled for delivery from mid-2026. […]

  • Höegh Autoliners and Sumitomo Corporation forge alliance on ammonia bunkering in Singapore and Jacksonville ports

    5 December 2023
    Business Developments & Projects, Collaboration, Green Marine, Infrastructure, Outlook & Strategy, Ports & Logistics, Transition, Vessels

    Japanese conglomerate Sumitomo Corporation and Norwegian RoRo shipping company  Höegh Autoliners have joined forces to explore the adoption of clean ammonia as a bunker fuel for Ro-Ro cargo vessels. The agreement targets ports in Singapore and Jacksonville, USA, with plans set to kick in from 2027. The duo signed a Letter of Intent to collaborate […]

  • Hayfin invests in up to four methanol-ready Suezmaxes

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

    Europe’s shipping investor Hayfin has placed an order for up to four ‘enhanced methanol ready’ Suezmax tankers at South Korean shipbuilder Hyundai Heavy Industries (HHI). The contract includes two firm 158,000-dwt tankers and options for two more sister vessels with the delivery of the firm units scheduled for the first half of 2026.  “The newbuild program […]

  • Wärtsilä receives CCS’ type approval for methanol engine

    31 October 2023
    Certification & Classification, Equipment

    China Classification Society (CCS) has issued a type approval certificate for methanol engine developed by Finnish technology group Wärtsilä.

  • Project for implementing Scotland-Rotterdam hydrogen export route moves forward

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

    The consortium behind the LOHC for Hydrogen Transport from Scotland (LHyTS) project, which aims to establish a hydrogen export route from Scotland to Rotterdam via liquid organic hydrogen carrier (LOHC), has conducted engineering studies targeted at developing a pilot project as a precursor to large-scale export.  The LHyTS project was launched at the end of […]

  • MOL, DP World team up on clean fuels for maritime and port-based applications

    7 December 2023
    Business Developments & Projects, Collaboration

    Japanese shipping company Mitsui O.S.K. Lines (MOL) and UAE-based ports and logistics giant DP World have signed a memorandum of understanding (MoU) to explore opportunities to enhance auto logistics capabilities at Jebel Ali Port and reduce carbon emissions in port and maritime applications in the UAE and beyond.

  • Diana Shipping to trial carbon capture system on Capesize bulker with Ecochlor and Sinotech

    21 November 2023
    Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Equipment, Green Marine, Innovation, Outlook & Strategy, Research & Development, Transition, Vessels

    Greek dry bulk shipping company Diana Shipping is set to test a carbon capture system (CCS) onboard one of its capesize bulk carriers in cooperation with Ecochlor and Sinotech CCS. The trio has signed a Letter of Intent (LOI) for the installation of a Sinotech scrubber and CCS system onboard Diana’s MV G.P. Zafirakis. This system is […]

  • Stamford Shipping, Green Marine Group to invest in methanol-powered ships

    31 October 2023
    Business & Finance, Business Developments & Projects, Green Marine

    Stamford Shipping, a Singapore-based shipowning, commercial, and investment management group, and Copenhagen-based Green Marine Group have entered into a joint venture to explore investment opportunities in methanol-powered ships. The JV sets out on a mission to build and manage, both commercially and technically, methanol dual fuel propulsion vessels across multiple market segments. The decision is being […]

  • Aasen Shipping orders three hybrid methanol-ready ships at Royal Bodewes

    3 November 2023
    Vessels

    Norwegian shipping company Aasen Shipping has placed an order for three new hybrid-powered
    methanol-ready self-dischargers. 

  • API: Derailing US gas exports and LNG infrastructure build-out could undermine global energy security

    26 January 2024
    Business & Finance, Business Developments & Projects, Exploration & Production, Regulation & Policy, Transition

    API has joined dozens of other industry groups in urging the Biden administration to reject calls to halt permits for U.S. LNG export facilities.

  • SWS breaks annual target with delivery of 7000TEU newbuild to X-Press Feeders

    24 November 2023
    Business Developments & Projects, Green Marine, Vessels

    Shanghai Waigaoqiao Shipbuilding (SWS), a subsidiary of China State Shipbuilding Corporation (CSSC), has delivered the X-Press Pisces, a 7000TEU container vessel to Singapore-based shipowner X-Press Feeders. The delivery comes on the heels of SWS surpassing its annual delivery targets with 23 merchant vessels and offshore products delivered throughout the year. The IMO Tier III containership […]

  • Maersk adds Swiss renewable methanol producer to its low-carbon fuel portfolio

    20 October 2023
    Business & Finance, Business Developments & Projects, Collaboration, Green Marine, Outlook & Strategy

    Maersk Growth, the venture arm of Danish shipping giant A.P. Moller-Maersk, has added Switzerland-based cleantech and engineering company Methanology AG to its low-carbon fuel portfolio. Methanology focuses on developing technologies capable of producing large quantities of renewable methanol using the power of enzymes and advanced catalytic materials. On October 19, 2023, Maersk Growth and Methanology […]

  • ExxonMobil and Chevron amass over $57 billion in profits during 2023 while new acquisitions fuel portfolio growth

    2 February 2024
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Exploration & Production, Project & Tenders, Transition

    ExxonMobil and Chevron have raked in huge profits over the course of the past year, recording $36 billion and $21.37 billion, respectively.

  • MOL, Hy2gen Deutschland to explore use of e-methanol for ships

    25 October 2023
    Business Developments & Projects, Research & Development

    Japanese shipping major Mitsui O.S.K. Lines and Hy2gen Deutschland have signed a Memorandum of Understanding (MoU) to explore the use of e-methanol as a fuel for ships.

  • Shipbuilder: Cutting down construction risks for offshore vessels with digitalization

    15 December 2023
    Business & Finance, Business Developments & Projects, Innovation, IT & Software, Technology, Vessels

    Shipbuilder’s director believes companies can avoid a big chunk of risks involved in vessel construction with digitalization.