Maersk to produce green methanol in Spain

A.P. Moller – Maersk is looking to produce up to 2m tonnes of green methanol a year in Spain by 2030 to supply fuel for its containerships and slash its carbon footprint. The world’s second-largest liner has agreed with the Spanish government to explore the opportunities for large-scale plants in the ports of Andalusia and

Sasaki bags contract to build methanol bunkering ship for Singapore

Global Energy Trading and Stellar Ship Management Services, wholly owned subsidiaries of Global Energy Group, have contracted Japan’s Sasaki Shipbuilding to build a 4,000 dwt tanker, which will become the first dedicated methanol bunkering ship in Singapore, the world’s largest bunkering hub, when it delivers at the end of next year. Tags: Bunkering, Methanol, Sasaki

Philly Shipyard bags $1bn order for three LNG ships

Under a contract valued atb$1bn, Philly Shipyard will construct three 3,600-TEU, LNG dual-fuel container ships for Matson Navigation. Among the largest container ships ever built in the US, the first of the three 260-m Aloha-class vessels will be delivered in Q4 2026, with subsequent ships handed over in 2027. The Big Board-listed Jones Act shipowner

NYK, K Line, MISC and China LNG order more gas ships

A quartet of Asian shipping powerhouses have won the next tranche of business in the huge QatarEnergy fleet expansion project. A consortium comprising Nippon Yusen Kaisha (NYK) and Kawasaki Kisen Kaisha (K Line) from Japan, Malaysia’s MISC and China LNG Shipping, the Cosco/China Merchants joint venture, have ordered five 174,000 cu m LNG carriers at

Nearly all companies will miss netzero goals

While more than one-third (34%) of the world’s largest companies are now committed to Net Zero, nearly all (93%) will fail to achieve their goals if they don’t at least double the pace of emissions reduction by 2030, according to a new report from Accenture. Based on an analysis of commitments to emissions reduction and

Stopping new offshore drilling can deliver 40% global emissions

Stopping new offshore drilling, along with other ocean-based solutions, can deliver nearly 40% of the global emission reductions needed by 2050, an analysis by Washington-based ocean advocacy group Oceana shows. The analysis released ahead of the 27th UN Climate Change Conference (COP27) in Egypt, has estimated that halting the expansion of offshore drilling, combined with

BP to supply hydrogen to Australian industry from 2025

The Australian hydrogen mega project proposed by a BP-led consortium will probably supply local industrial buyers from the mid-2020s, with the main export ambition realised from 2030, BP chief financial officer Murray Auchincloss. The first phase, to supply “nearby mining and other industries,” was relatively simple and could happen from the middle of the decade

CoolCo announces plans to add four LNG vessels to its fleet

LNG carrier owner Cool Company (CoolCo) has revealed plans to buy four vessels from Quantum Crude Tankers, an affiliate of Idan Ofer’s Eastern Pacific Shipping (EPS) and its largest shareholder. A spinoff of Tor Olav Trøim’s Golar LNG said it would pay around $660m for two modern two-stroke 174,000 cu m vessels Kool Firn and

Researchers produce biodiesel from leftover coffee grounds

Two Aston University researchers have produced high-quality biodiesel after ‘feeding’ and growing microalgae on leftover coffee grounds. Dr. Vesna Najdanovic senior lecturer in chemical engineering and Dr .Jiawei Wang were part of a team that grew algae which was then processed into fuel. In just the UK, approximately 98 million cups of coffee are drunk

KAUST scientists exploring to develop hydrogen fuel from seawater

KAUST scientists are exploring ways to produce hydrogen fuel from seawater, which is much more abundant than precious fresh water. Seawater, which comprises more than 95% of the Earth’s water, could become a key resource in the sustainable production of clean hydrogen fuel with use of water-splitting catalysts developed by a KAUST-led team. Water splitting