Global Demand for Containers and LNG Vessels Likely to Shrink: VesselsValue

VesselsValue in its latest report predicted that orders for bulkers and tankers will gain momentum, while demand for containers and LNG/LPG vessels will decline. Despite the expected rise in bulker and tanker orders, the overall orderbook will likely shrink due to a surge in deliveries for container and gas vessels. Geopolitical tensions, such as the

AD Ports Group joins project to develop green methanol facilities

UAE-based port operator the AD Ports Group, Egyptian container shipping line Transmar, and Cairo-based Orascom Construction have entered into a memorandum of understanding (MOU) for the development of a green methanol storage, export, and bunkering facility in the Suez Canal area. The AD Ports Group said the new facility will supply low-carbon fuel for maritime

Suez Canal, Shell considers alternative fuel bunkering

General Authority for Suez Canal Economic Zone (SCZONE) recently met with Shell officials, during its roadshow tour to the Netherlands, to discuss the development of alternative fuels bunkering. The SCZONE delegation, headed by Waleid Gamal El-Dien, met with Shell officials, Roberto Maria Batumli, Regional lead of the Hydrogen industry EU, and Rene Smeets, Marine LNG

Green methanol-powered ship on its maiden voyage docks in Egypt

The world’s first containership powered by green methanol has reached East Port Said, Egypt, its third bunkering stop on its maiden journey from Ulsan, South Korea to Copenhagen, Denmark. The ship, owned by industry major Maersk, arrived at the port on Tuesday, August 15, the Suez Canal Economic Zone (SCZONE) said. Maersk also shared footage

Egypt and India agree to build a green hydrogen factory

Egypt has signed a memorandum of understanding (MoU) with an Indian company to build a green hydrogen factory in the Suez Canal Economic Zone. According to the MoU, Indian ReNew Power Private Limited will build a factory to produce 20,000 tonnes of green hydrogen a year, with investments worth $8 billion. Tags: Egypt, Hydrogen, India,

Egypt signs two MoUs with UAE for the production of green hydrogen

Egyptian Prime Minister Mostafa Madbouly witnessed the signing of two new Memoranda of Understanding on cooperation in the development of green hydrogen production plants in the Suez Canal Economic Zone and on the Mediterranean coast. According to a statement, the first memorandum of understanding was signed between the General Authority for the Economic Zone of

Egypt signs an MoU with Norway for green hydrogen

Egypt signed a five-billion-U.S. dollar deal with Scatec, a Norwegian renewable energy company, to establish and operate a green hydrogen production facility with a capacity of 100 megawatts in the Suez Canal Economic Zone, Egypt’s cabinet said in a statement. Egypt also signed an agreement on the purchase of the produced green hydrogen with Scatec,

SCZone meets with A P Moller-Maersk to talk green fuel

The Head of the Suez Canal Economic Zone (SCZone) Yahya Zaki met with a delegation from the A P Moller-Maersk Group to discuss cooperating to implement projects for the production of green fuels and the use of methanol and green ammonia. A.P. Moller-Maersk held a three-day workshop to discuss implementing projects within the SCZone, especially