The agreement, valued at more than $3 billion, is scheduled to commence in the second half of FY2029 and is among the larger long-term green ammonia offtake contracts announced to date. The deal supports India’s ambitions under the National Green Hydrogen Mission, which aims to position the country as a global producer and exporter of
Growth round led by Verb Ventures, with ShipsFocus, DNV Ventures, and Nysnø Climate Investments. Oslo, London 18 March 2026: Ofiniti, the digital platform for maritime fuel operations, raises US$6.8 million in a growth round led by Verb Ventures, co-led by ShipsFocus with participation from DNV Ventures, Nysnø and other major investors. The growth round brings
Hefring Marine and Ecomar Propulsion have entered into a product development partnership to integrate vessel monitoring technology with electric and hydrogen propulsion systems. Under the agreement, Hefring Marine will install its Intelligent Marine Assistance System (IMAS) onboard MV Dirac, a hydrogen battery-powered vessel operated by Ecomar Propulsion. The deployment marks the first application of Hefring’s
Evos has started an expansion project to increase methanol and ethanol storage capacity at the Port of Rotterdam, as demand grows for low-carbon fuels in industrial and maritime sectors. The project includes the construction of five new storage tanks with a combined capacity of 67,500 cubic metres, along with a new pump station. In parallel,
Lomarlabs and Blaze Energy have entered into a collaboration to pilot a compact onboard fuel reforming system designed to support multi-fuel engine operations in commercial shipping. The project will focus on deploying Blaze Energy’s Flex-Fuel Reformer, a third-generation system engineered to convert fuels such as ammonia, methanol and liquefied natural gas (LNG) into hydrogen directly
Sumitomo Corporation, Kawasaki Kisen Kaisha (“K” Line) and NYK Bulkship (Asia) have signed a memorandum of understanding (MoU) to jointly study the development and ownership of a new ammonia bunkering vessel for deployment in Singapore. The agreement covers a front-end engineering design (FEED) study and an assessment of ownership structures for the proposed newbuild ammonia
Nippon Yusen Kabushiki Kaisha (NYK Line) has agreed to acquire a 50% stake in Avenir LNG from Stolt-Nielsen, forming a joint venture focused on small-scale LNG and bunkering operations. The transaction is being executed through Stolt-Nielsen Gas, a subsidiary of Stolt-Nielsen, and is expected to be completed by mid-2026, subject to regulatory and customary approvals.
Samsung Heavy Industries (SHI) has introduced a robotic pipe spool fabrication facility, marking a move toward greater automation in shipbuilding production processes. The new facility, named PIPE ROBOFAB, is located in Haman County, South Gyeongsang Province, and covers an area of approximately 6,500 square metres. It has an annual production capacity of around 100,000 pipe
Bernhard Schulte Offshore (BSO) has taken delivery of a new commissioning service operation vessel (CSOV), Windea Carnot, expanding its fleet supporting offshore energy operations. The vessel was built by Ulstein Verft in Norway for an institutional investor and was formally handed over to BSO upon completion. The ship was christened on 6 March 2026. Windea
Alfa Laval has completed a certified Factory Acceptance Test (FAT) for its FCM Ammonia fuel supply system, marking a step toward commercial deployment of ammonia-fuelled marine engines. The test, witnessed and certified by China Classification Society (CCS), verified that the fuel supply system meets required safety, functional and performance standards for integration with ammonia-fuelled two-stroke