Bangladesh nods import of refined petroleum, LNG

State-owned Bangladesh Petroleum Corporation will import 1.85 million (18.50 lakh) tonnes of refined petroleum from State-owned suppliers of different countries on the G2G basis in the first half (January-December of 2024). The Energy and Mineral Resources Division placed the proposal on behalf of the BPC while Finance Minister AHM Mustafa Kamal presided over the virtually

China to make more green ships by 2025

China has set ambitious goals to lead the global shift toward greener shipping, aiming to build over half of the world’s ships using environmentally friendly fuels by 2025. The recommendations issued by the Ministry of Industry and Information Technology should have specified the number of vessels to be built. Still, they highlighted China’s commitment to

H-Line Shipping receives LNG dual-fuel carrier

CSSC Qingdao Beihai Shipbuilding, a subsidiary of China State Shipbuilding Corporation (CSSC), has delivered a 210,000 dwt LNG dual-fuel bulk carrier, HL Hope, to H-Line Shipping. The HL Hope reportedly has a primary engine, generator, and boiler that run on LNG as part of its dual-fuel propulsion system. Two IMO Type C LNG tanks, each

Container lines are leading the way with alternative fuels

Shipowners are investing in alternative fuel propulsion, but the availability of green and blue fuels will determine whether the IMO’s 2030 carbon goals are achieved, according to BIMCO. The shipping association’s latest forecast for green-power uptake has a positive outlook on alternative-capable and alternative-ready newbuild orders, especially in the container segment. About two percent of

Hutchison Ports BEST receives the largest LNG-powered vessel ever

Hutchison Ports BEST received the CMA CGM PALAIS ROYAL, one of the world’s largest Liquefied Natural Gas (LNG) powered vessels. This 23,000 TEU colossus, 400 metres long and 61 metres wide, built in 2020, marked a significant step towards sustainability in the maritime sector. The arrival of this vessel is not only historic for its

MOL strengthens fleet with 5 LNG-fueled newbuilds

Japanese shipping major Mitsui O.S.K. Lines (MOL) is expanding its fleet with five additional newbuilding LNG dual-fueled Capesize bulkers. Namely, MOL revealed that two vessels will be ordered at compatriot Nihon Shipyard and built by Imabari Shipbuilding Co. Furthermore, Chinese shipbuilding heavyweight CSSC Qingdao Beihai Shipbuilding Co will build the additional three. The vessels are

Northern Lights, Bernhard Schulte join forces on LNG-powered CO2 carrier

Norway’s Northern Lights, a joint venture consisting of Equinor, Shell, and TotalEnergies, has signed a charter deal with Bernhard Schulte for a new LNG-powered CO2 carrier that will be built in China. The 7,500-cbm liquefied CO2 ship will be the fourth in line to the sister ships currently under construction at Dalian Shipbuilding Offshore (DSOC),

Scale Gas signs for LNG bunker newbuild at CIMC SOE

Spanish owner Scale Gas has contracted China’s Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE) for a newbuild LNG bunkering vessel. No price has been placed behind the 12,500 cu m vessel Enagas unit is paying to see it delivered in 2026. The unit is set to have an electric propulsion. Founded in 2017, Scale

NYK strikes long-term LNG charter deal with Sinopec

Japanese shipowner Nippon Yusen Kaisha (NYK) has landed a long-term LNG charter deal with China Petroleum & Chemical Corporation (Sinopec). The contract will see NYK ship LNG to China for up to 23 years, beginning in 2024 or later. No further details have been disclosed. Sinopec has been working to secure vessels to facilitate the

Anthony Veder, Accelleron sign long-term turbocharger service partnership

Leading gas shipping company Anthony Veder has extended its turbocharger service agreement with Accelleron, securing Turbo LifecycleCare support across 13 vessels. The contract, covering 20 turbochargers on single-fuel and LNG dual-fuel four-stroke engines, build on a service relationship that began in 2017 with four vessels. Anthony Veder operates a fleet of innovative small-scale and mid-size