3690 results found for 'methanol'

3690 results found for 'methanol'
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  • MOL Reveals Massive Restructuring

    28 February 2018
    Business & Finance

    Mitsui O.S.K. Lines is set to launch a massive restructuring of its organization on April 1, 2018.

  • Eco-Fuel to Drive Up Freight Rates at Stena

    25 September 2014
    Business & Finance

    Stena Line says that the new sulphur directive for shipping traffic within the North European SECA area, which comes into force on January 1, 2015, is forcing the company to increase freight prices. The company projects that the directive will add extra SEK 1 million (USD 135,000) of freight costs per day. “From an economic perspective, this […]

  • Shipowners urge UN Member States to set ambitious course for 2050 in July

    26 May 2023

    The International Chamber of Shipping (ICS),  which represents over 80% of the world’s merchant fleet, has submitted detailed proposals for the next round of IMO negotiations set for July this year with the aim of increasing decarbonization targets and setting a course for a net-zero future. The submitted proposals support the development of a Global […]

  • Study launched to assess power supply for green hydrogen/ammonia project in Malaysia

    12 September 2022
    Business Developments & Projects, Collaboration, Outlook & Strategy, Research & Development, Transition

    Five industry players, including Korean construction company Samsung Engineering, have signed a memorandum of understanding (MoU) to study the potential of supplying at least 900MW of hydro-based renewable power for a green hydrogen/ammonia project in Malaysia. The MoU was signed by SEDC Energy, Sarawak Energy Berhad, Lotte Chemical and POSCO Holdings for the so-called H2biscus […]

  • Yuexin Ocean Engineering to Build FOCAL 528 Duo

    7 January 2014

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  • China: Zheijang Shipyard Delivers UNGUNDJA First of 10 DP-3 IMR Vessels

    27 July 2011
    Business & Finance

    Zheijang Shipyard, part of the Sinopacific Shipbuilding Group, recently delivered the Ungundja, the first of 10 DP-3, 100-meter GPA 696 IMR (Inspection, Maintenance & Repair) vessels to Paris-based Bourbon Offshore. The highly maneuverable DP-3 and FiFi-1 certified GPA 696 IMR vessels are equipped with three 1,686 kW azimuthing drives, two 843 kW tunnel bow thrusters, […]

  • Matson taps MAN ES for dual-fuel boxship retrofit

    27 June 2022
    Business Developments & Projects, Outlook & Strategy, Vessels

    American transportation company Matson has signed a contract with German engine manufacturer MAN Energy Solutions (MAN ES) for the retrofit of the main engine aboard its containership to make it capable of operating on LNG and fuel oil. Under the contract, MAN ES’ after-sales division, MAN PrimeServ, will retrofit Matson’s 3,600 TEU containership, named Daniel […]

  • DSME wins $517 mln deal for LNG carrier duo

    14 March 2023
    Business & Finance, Business Developments & Projects, Green Marine, Vessels

    South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has won a construction order for two LNG carriers. The shipbuilder disclosed on the stock exchange that the company behind the order was a shipowner from Oceania, without revealing the company’s name. The delivery of the two LNG carriers is scheduled to be completed by mid-June […]

  • Boskalis to convert selected vessels into hybrids for ‘significant’ emissions reduction

    11 April 2022
    Business Developments & Projects, Outlook & Strategy, Transition, Vessels

    Papendrecht-based dredging and maritime services provider Boskalis has decided to convert numerous vessels within its Offshore Energy division into hybrid vessels through the retrofitting of energy storage systems.

  • BP, NYK Line to work together to decarbonise shipping, other sectors

    15 September 2021
    Business Developments & Projects, Collaboration, Environment, Infrastructure, Outlook & Strategy, Transition

    British oil and gas company bp and Japanese shipping major NYK Line have signed a memorandum of understanding (MOU) to collaborate on future fuels and transportation solutions to help industrial sectors, including shipping, decarbonise.

  • Amec FW returns to 1H profit. Upstream challenges persist

    10 August 2017

    Amec Foster Wheeler, a provider of services to the global energy industry, returned to profit in the first half of the year. The UK-based company on Thursday reported a net profit of 57 million pounds on a 2,3 billion pund revenue. This is compared to a loss of 429 million pounds a year ago and […]

  • Interview: How can smart shipping containers make the industry greener?

    13 February 2023
    Business Developments & Projects, Collaboration, Green Marine, Innovation, IT & Software, Market Outlooks, Outlook & Strategy, Technology, Transition, Vessels

    Cédric Rosemont, newly appointed CEO of Traxens, explains in an interview how smart containers can help shipping become greener.

  • Preparing for future fuel mix, Titan LNG rebrands as Titan

    16 June 2022
    Business Developments & Projects, Market Outlooks, Outlook & Strategy

    Dutch independent fuel supplier to the marine industry, Titan LNG, has decided to rebrand as Titan.

  • Fincantieri lands EUR 800 mln sustainability-linked loan

    27 September 2023
    Business & Finance, Business Developments & Projects, Green Marine, Infrastructure, Outlook & Strategy, Transition, Vessels

    Italian shipbuilding giant Fincantieri has secured a substantial €800 million (USD 845 million) medium/long-term sustainability-linked loan. The loan, which spans five years, with a pre-amortization period of three years, will support Fincantieri’s organic growth and burgeoning workload. As informed, 70 percent of the loan is backed by a SACE guarantee, a prominent insurance-financial group directly […]

  • MAN, Wärtsilä roll out new engines targeting decarbonization

    7 September 2022
    Green Marine

    German provider of marine engines MAN Energy Solutions has marked the debut of its MAN 49/60DF engine type at the SMM trade fair in Hamburg. The dual-fuel four-stroke engine is capable of running on LNG, diesel, and HFO as well as biofuel blends and synthetic natural gas. “Dual-fuel engines are the ticket to the maritime […]

  • SAL Heavy Lift orders carbon-neutral heavy lift project fleet

    7 September 2022
    Business Developments & Projects, Collaboration, Infrastructure, Outlook & Strategy, Transition, Vessels

    SAL Heavy Lift, a Germany-based maritime heavy lift and project cargo carrier, has signed building contracts for four firm plus two optional new generation heavy lift ships with Wuhu Shipyard, China.

  • ORNL, FMD team up on alternative fuel engines for ships

    10 August 2023
    Business Developments & Projects, Project & Tenders, Research & Development

    US Department of Energy’s largest multidisciplinary laboratory Oak Ridge National Laboratory (ORNL) and American manufacturing company Fairbanks Morse Defense (FMD) have signed a Memorandum of Understanding (MOU) to collaborate on the development and integration of alternative fuel technologies aimed at reducing the marine engine’s reliance on fossil fuels.

  • MAN ES reaches milestone in ammonia engine testing

    6 July 2023
    Business Developments & Projects, Green Marine, Outlook & Strategy, Research & Development, Technology

    German engine manufacturer MAN Energy Solutions (MAN ES) has reached a new milestone as its research engine successfully conducted combustion with ammonia at the company’s research centre in Copenhagen. This milestone was revealed in the company’s brief social media update on 6 July. According to MAN ES, tests will continue in the coming weeks and […]

  • IEA: Ensuring gas supply security and decarbonisation high on global energy market’s agenda

    19 July 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Market Outlooks, Outlook & Strategy, Project & Tenders, Transition

    A new report says closer dialogue between producers and consumers is required to ensure security of gas supply while curbing emissions.

  • Nor-Shipping 2023: Terntank wins next-generation ship award for its hybrid tanker

    7 June 2023
    Business Developments & Projects, Green Marine, Innovation, Outlook & Strategy, Vessels

    The winners of the Nor-Shipping 2023 awards have been announced, with Swedish/Danish tanker operator Terntank, wind power pioneer AlfaWall Oceanbird and Bound4Blue Co-founder and COO Cristina Aleixendri Munoz taking the top prizes. The award ceremony was held at the 29th Nor-Shipping, taking place this week in Oslo and Lillestrøm, Norway. Terntank secured the coveted Next […]

  • Fincantieri cuts steel for TUI Cruises’ 1st LNG-powered cruise ship

    23 June 2022
    Business Developments & Projects, Vessels

    Italian shipbuilding company Fincantieri has held a steel cutting ceremony for the first of two new liquefied natural gas (LNG)-powered cruise ships for TUI Cruises, a joint venture between TUI AG and Royal Caribbean Cruises.

  • Drewry: Chemical Tanker Fleet Set to Outpace CPP Fleet

    9 May 2017
    Business & Finance

    The shipping fleet trading in chemicals and vegoils is heading for an expansion moderately driven by a demand for methanol and vegoil, shipping consultancy Drewry informed. The orderbook contains 144 stainless steel vessels totalling 3.4 million dwt for delivery by 2020, almost 22% of the existing capacity for such vessels. Out of the number, 63 vessels […]

  • India: High-End PSV Sea Tantalus Departs Cochin Shipyard

    27 March 2013

    Cochin Shipyard Limited (CSL) delivered a high specification Platform Supply Vessel, “Sea Tantalus”, bearing the Hull No. BY-089, to PSV Holding Inc., Liberia. This is the first of a series of four similar vessels being built for the same client. The Protocol documents of the ship were signed by Capt. R.S. Sundar, Director (Operations) on […]

  • China: Zheijang Shipyard Delivers UNGUNDJA First of 10 DP-3 IMR Vessels

    27 July 2011

    Zheijang Shipyard, part of the Sinopacific Shipbuilding Group, recently delivered the Ungundja, the first of 10 DP-3, 100-meter GPA 696 IMR (Inspection, Maintenance & Repair) vessels to Paris-based Bourbon Offshore. The highly maneuverable DP-3 and FiFi-1 certified GPA 696 IMR vessels are equipped with three 1,686 kW azimuthing drives, two 843 kW tunnel bow thrusters, […]

  • Successful Testing of Kongsberg’s ICS on Olympic Commander

    15 March 2012
    Business & Finance, Equipment

    Sea trials testing the sophisticated Integrated Control System (ICS) developed by Kongsberg Maritime for Olympic Commander, a new Multi Purpose Supply Vessel (MPVS) built at Kleven Yard in Norway have been successfully completed. The ICS aboard Olympic Commander features an innovative new one touch control system for Ballast & Cargo tank operations as part of […]