HST Marine orders three new battery hybrid CTVs

Offshore services provider HST Marine has contracted Dutch shipbuilder Damen Shipyards for the supply of three new battery hybrid crew transfer vessels (CTVs). The trio is already under construction at Damen Shipyards Antalya in Turkey and is scheduled for delivery in early 2024 for an undisclosed price. Once operational, the vessels will receive ongoing support

Japan moves forward with LH2 carriers

The Japanese have taken a notable step forward in developing larger sized liquefied hydrogen (LH2) carriers. ClassNK has issued an approval in principle (AiP) for a dual fuel generator engine using hydrogen gas as fuel and related machinery systems and arrangements for a 160,000 cu m liquefied hydrogen carrier developed by Kawasaki Heavy Industries (KHI),

UK marine sector needs $90bn for meeting shipping netzero target

UK maritime sector will need around £75bn ($90bn) of investment over the coming three decades to transition to net zero, a new report released by London-based shipping asset manager Marine Capital estimates. In 2019, the UK became the first major economy in the world to legislate to reach net zero by 2050 including the domestic

EU agrees preliminary ETS deal for shipping

EU institutions have hammered out a preliminary agreement to include shipping within the scope of the emissions trading system (ETS). Under the deal struck late Tuesday evening, all ships of 5,000 gt and over within the EU will be required to pay for 100% of their emissions, while 50% of the emissions on voyages between

Celsius orders LNG carrier from Samsung

Celsius Tankers has ordered an additional 180,000 cu m LNG carrier at Samsung Heavy Industries. With this its orderbook of ultra-eco ships at the yard reaches to 10 and adding to the fleet of four units already delivered in 2020 and 2021. The vessel will be built to Lloyds’ Register class EEDI 3 meeting IMO

CSSC begins development of new bunker fuels

The project was launched by Tian Yulong, member of the Chinese Communist Party (CCP) and Chief Engineer of the Ministry of Industry and Information Technology, who encouraged CSSC to “accelerate the development of new green fuel engines” powered by methanol, ammonia, and hydrogen. Tian Yulong highlighted all units of CSSC to “conscientiously implement” the spirit

NITI Aayog proposes policy framework for CCUS

Carbon Capture Utilisation and Storage (CCUS), the technology for decarbonising carbon dioxide (CO2) from high polluting sectors such as steel, cement, oil, gas, petrochemicals, chemicals and fertilisers, has a critical role to play for the country to halve CO2 emissions by 2050, says a report on the policy framework of the CCUS prepared by the

Germany approves withdrawal from Energy Charter Treaty

Germany is exiting the Energy Charter Treaty, Economy Minister Robert Habeck announced. The treaty has been criticized for hampering efforts to reduce the use of fossil fuels, allowing companies to sue for compensation. The agreement binds its members to its provisions for 20 years. Germany’s coalition government announced plans to leave the treaty in November.

Centrica to work along with Ryze Hydrogen for hydrogen development

Energy giant Centrica and Ryze Hydrogen will jointly build and operate hydrogen production facilities aimed at providing a reliable supply of hydrogen for industry and transportation, it was announced (TUES). Under the landmark agreement the firms will jointly develop hydrogen production projects on existing Centrica sites and work with third-parties to build production on their

ConocoPhillips to supply LNG to Germany

ConocoPhillips signed two contracts to buy LNG from QatarEnergy and deliver it to Germany beginning in 2026, marking the first ever long-term supply agreement to move the super-chilled fuel to Europe’s largest gas-consuming nation. Under the agreements, Conoco would purchase 2 million tons (Mt) of liquefied natural gas annually for a term of at least