ZIM has signed a 10-year agreement with Shell, valued at more than $1bn, for the supply of liquified natural gas for ten LNG-fueled vessels chartered from Seaspan, the world’s largest containership leasing company. The agreement with Shell may also cover other trades where ZIM LNG vessels could be deployed. The 15,000 teu vessels are expected
G2 Ocean has launched a carbon offset program for its customers enabling them to digitally offset the emissions of their shipments by choosing to fund one or multiple climate projects. The introduction of the carbon offset program is a step for G2 Ocean toward its targets of becoming a net-zero emissions company by 2050 and
Nippon Yusen Kaisha (NYK) has won a long-term LNG charter contract with Q United Energy Supply & Trading, a subsidiary of compatriot Japanese firm Kyuden Group, which runs utility Kyushu Electric Power Co. NYK has contracted South Korea’s Samsung Heavy Industries to build a 174,000 cu m ship for delivery in 2024. However, prices for
The American government expects biofuel producers to be making more renewable diesel than biodiesel. According to the US. Energy Information Administration, renewable diesel production is expected to overtake biodiesel production in the United States in October. Renewable diesel capacity was estimated at 1.92 billion gallons per year in May, up from 1.75 billion gallons in
Reliance Industries Chairman Mukesh Ambani at the company’s 45th Annual General Meeting (AGM) said that Reliance aims to progressively commence transition from Grey Hydrogen to Green Hydrogen by 2025. On other new energy initiatives, Ambani said that the company aims to establish and enable at least 100GW of solar energy by 2030. Ambani also announced
Keppel Infrastructure Holdings Limited, through its wholly owned subsidiary Keppel Energy, has reached final investment decision (FID) to develop a 600MW state-of-the-art, advanced combined cycle gas turbine (CCGT) power plant. The engineering, procurement and construction (EPC) contract was awarded to a consortium comprising Mitsubishi Power Asia Pacific and Jurong Engineering for the construction of the
H2Carrier has been granted approval in principle (AiP) from class society DNV for the first design of an industrial scale floating green hydrogen and ammonia production and storage facility. The concept, called P2XFloater, is based around making a life extension of an existing very large gas carrier (VLGC) and expanding upon its design by extending
HAV Hydrogen, part of Norway’s HAV Group, is set to launch a deck-based containerised hydrogen energy system for ships. The solution is described as a stand-alone, scalable power supply where all support and safety systems as well as electrical power management are included. Based on 200kW hydrogen fuel cell modules, the system can be set
ABS is providing New Technology Qualification (NTQ) services for pioneering subsea storage technology from NOV. The Joint Development Project (JDP) includes NOV, ABS, Equinor, Shell, The Research Council of Norway and The Net Zero Technology Centre. This project unites a group of industry leaders actively enabling an economical subsea storage solution for the market. The
Chinese giants COSCO and China Merchants are looking at Methanol as fuel for shipping, while Bill Gates has also invested in tech to support the switch. The Danish startup Blue World Technologies has just raised €37m ($36.9m) from investors including Breakthrough Energy Ventures, which is backed by Bill Gates, to help it scale up production