2013

Japanese shipping giant Mitsui O.S.K. Lines (MOL) has entered into a Memorandum of Understanding (MoU) with energy leaders Idemitsu Kosan, HIF USA, and HIF Asia Pacific to collaboratively spearhead the development of a synthetic fuel (eFuel) and synthetic methanol (e-methanol) supply chain. This groundbreaking initiative includes the transportation of CO2 by sea, marking a significant...

Electrofuel developer Liquid Wind has signed a Letter of Intent (LoI) with energy company Umeå Energi and shipping firm Wasaline to explore the sale and purchase of eMethanol for Wasaline’s ferry operations. This collaboration is centered around the eFuel facility, FlagshipTHREE, currently under development in Umeå, Sweden, by Liquid Wind and Umeå Energi.  The LoI...

Venture Global LNG, a leading U.S. liquefied natural gas (LNG) producer, is set to enhance its position in the global energy market with the acquisition of a new fleet of nine LNG-powered vessels. These state-of-the-art ships, currently being constructed in South Korea, are part of the company’s strategic move to integrate its operations across the...

Corvus Energy, a Norway-based company specializing in energy storage, has been awarded a contract to equip the Magellan Discoverer with a battery energy storage system, marking it as the first hybrid diesel-electric vessel to be built in South America. The vessel, destined for zero-emission operation, will feature Corvus Energy’s Orca Energy Storage System. It is...

China’s shipping giant, COSCO Shipping Development, has officially received two cutting-edge 700 TEU electric containerships, meticulously crafted by COSCO Shipping Heavy Industry (Yangzhou), a division of COSCO Shipping Group.  Unveiled and handed over on December 28, 2023, in Yangzhou, the vessels, christened COSCO Shipping Green Water 01 and COSCO SHIPPING Green Water 02 (N997 and...

French maritime company Louis Dreyfus Armateurs (LDA) has signed a construction contract with Chinese CSSC Wuchang Shipbuilding Industry Group for three low-emission roll-on/roll-off vessels featuring wind-assisted propulsion.  Airbus has commissioned the construction of these vessels as part of its fleet renewal efforts. According to the October 2023 announcement, LDA will be responsible for the construction,...

China COSCO Shipping Energy Transportation, listed on the Shanghai stock exchange, has finalized strategic shipbuilding contracts totaling $449 million (approximately RMB 2.9 billion) for six new tankers.  The subsidiary, Hainan COSCO Shipping Energy, inked agreements with Yangzhou COSCO Shipping Heavy Industry for the construction of three 114,200 dwt Aframax-type crude oil tankers, amounting to $289...

For the past month, Color Line’s two passenger ferries, which operate between Denmark and Norway, have exclusively utilized B100 biofuel, a product supplied and managed by marine fuel provider Bunker One.  Bunker One has been responsible for delivering B100 biofuel to Color Line’s SuperSpeed 1 and 2 ferries during their voyages between Hirtshals in Denmark...

MacGregor, a division of Cargotec, has secured a substantial contract to provide comprehensive RoRo (Roll-on/Roll-off) equipment packages for an additional four Aurora-class pure car and truck carriers (PCTCs) for Höegh Autoliners, marking a pivotal expansion in the Aurora class newbuilding program.  This noteworthy order, recorded in Cargotec’s fourth-quarter 2023 intake, is set to contribute to...

Norway’s VARD has secured a contract exceeding $200 million to deliver a highly customized hybrid power cable lay and construction vessel to Toyo Construction, a prominent Japanese construction company. Toyo Construction, engaged in civil and architectural construction both domestically and internationally, and possessing various working vessels, entered into this significant agreement with VARD.  VARD CEO...