Kawasaki Kisen Kaisha (K Line) has signed a long-term bareboat charter contract with Northern Lights, a joint venture between Equinor, Shell and TotalEnergies for two liquefied CO2 carriers under construction in China. Northern Lights JV is developing an infrastructure to transport CO2 from European industrial emitters. As part of the project, an order was placed
Clarksons Research has tallied a record total of 170 LNG carriers ordered so far in 2022, up 95% on the 2021 full year total, with records also broken in terms of prices paid for these most prized ship orders. Spot rates for LNG carriers soared to incredible highs this year, peaking at close to half
Shell and Eneco have won the tender to build an offshore wind farm at Hollandse Kust (west) lot VI. The project will have an installed capacity of approximately 760 MW and will be located approximately 53 kilometres off the Dutch coast from the town of IJmuiden. The new wind farm will be delivered through a
Working with shipyards, ship owners and operators, ABS has developed an industry-leading set of requirements to guide the industry in the application of carbon capture technology at sea. Experience and insight derived from pioneering carbon capture projects with stakeholders such as shipyards, ship owners and original equipment manufacturers (OEMs) have informed development of the ABS
A.P. Moller – Maersk has signed a green methanol letter of intent with Houston-based SunGas Renewables, which provides technology and equipment systems for large-scale production of renewable fuels. This is Maersk’s ninth such partnership to drive the acceleration of global production capacity for green methanol. The letter of intent covers the production of green methanol
An international consortium has launched a study on the feasibility of shipping hydrogen at scale from Scotland to the Port of Rotterdam in the form of methylcyclohexane. Methylcyclohexane (MCH) is a chemically stable liquid produced from toluene and hydrogen that can be transported under ambient temperatures and pressure in chemical carriers. Parties behind the project
HMM is the latest shipping line to be veering towards methanol dual fuel orders with multiple local media outlets suggesting it has invited tenders from Korean yards to build up to nine 8,000 teu dual fuel ships. Hyundai Heavy Industries, Samsung Heavy Industries, Daewoo Shipbuilding & Marine Engineering and HJ Shipbuilding & Construction are all
The International Transport Forum (ITF), part of Paris-based OECD, has called for the swift implementation of carbon pricing for shipping to speed up the sector’s shift towards zero-emission ships. The price gap between conventional and zero-emission ship fuels hinders the adoption of known and sometimes available technological solutions, the ITF has argued in a new
Samudera Shipping Line is boosting its stake in the liquified natural gas shipping joint venture LNG East-West Shipping (LNG EW). The Singapore-listed company said in a filing it had struck a deal to purchase close to 8.6m ordinary shares from Japan’s Nippon Yusen Kaisha (NYK) corresponding to about 25% stake in the LNG EW. The
The first ever net zero transatlantic flight will take off from the UK next year, with Virgin Atlantic receiving government funding to fly across the pond using solely sustainable aviation fuel (SAF). In 2023, one of Virgin Atlantic’s flagship Boeing 787s, powered by Rolls-Royce Trent 1000 engines, will take off from London Heathrow and make