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Container shipping majors score big as Evergreen, CMA CGM, and Maersk add over 40 orders to the yards

The container shipping market is bustling with activity as container shipping giants Maersk, Evergreen, and CMA CGM collectively place orders for up to staggering 44 containerships, valued at over $5 billion. Evergreen has emerged as the biggest spender with a reported order of twenty-four 16,000 TEU containerships. According to Intermodal, the order has been spread between Samsung Heavy Industries, South ...

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Yara and BASF to work on low-carbon blue ammonia project in U.S.

Yara Clean Ammonia (YCA), a subsidiary of Norwegian fertilizer company Yara International, and BASF, a German-based chemical producer, are collaborating on a joint study to develop and construct a low-carbon blue ammonia production facility with carbon capture in the U.S. Gulf Coast region. According to Yara, the companies are looking into the feasibility of a plant with a total capacity ...

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ORLEN’s LNG carrier Grażyna Gęsicka reaches Poland

The second vessel of the fleet of gas carriers being built for the ORLEN Group has arrived at the port in Świnoujście, Poland, with a cargo of liquefied natural gas (LNG). The vessel Grażyna Gęsicka delivered some 65,000 tons of LNG loaded at the Freeport terminal in the United States (U.S.). Daniel Obajtek, CEO and President of the PKN ORLEN Management ...

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CoolCo purchases two newbuild LNG carriers from EPS

Cool Company Limited (CoolCo), an owner, operator and manager of LNG carriers, has exercised its option to acquire two newbuild 2-stroke LNG carriers from affiliates of Eastern Pacific Shipping (EPS). The LNG carriers, named Kool Tiger and Kool Panther, are being built by Hyundai Samho Heavy Industries in Korea and are scheduled for delivery in September and December of 2024. The newbuilds will have ...

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UECC bunkers biofuel for 1st time on time-chartered vessel

Norwegian provider of shortsea RoRo transportation United European Car Carriers (UECC) has bunkered sustainable biofuel on a time-chartered vessel in collaboration with Dutch biofuel provider GoodFuels and vessel owner NYK. GoodFuels delivered the B30 blend, 470 tonnes of VLSFO and sustainable biofuel, to vehicle carrier m/v Emerald Leader in the port of Vlissingen, Netherlands on 27 May 2023. NYK, the joint ...

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MOL invests in clean hydrogen-ammonia production project in Louisiana

MOL Clean Energy (MCE), a subsidiary of Japanese shipping company Mitsui O.S.K. Lines, Ltd. (MOL), has made a strategic investment in Ascension Clean Energy (ACE), a proposed global-scale clean hydrogen-ammonia production and export facility in Ascension Parish, Louisiana. The strategic investment by MCE was announced on 15 June, through which the company became a joint venture shareholder in the project. ...

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Ports of Stockholm and Freeport of Riga to apply for joint EU funding

The Ports of Stockholm and the Freeport of Riga Authority have signed a Memorandum of Understanding (MoU) to work on a joint application for EU funding to reduce the impact of port activities on the environment. The partnership aims to enable further development of passenger terminals in the two capitals in an environmentally-friendly manner as well as build confidence in ...

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K Line sets up new company in Singapore for handling new fuels and tech

Japanese K Line has established a new company in Singapore to satisfy ever-diversifying needs for handling green fuels and technology. As disclosed, K Line Marine & Energy (KME), established on 7 June, was created to develop ship safety and quality management, securement and development of crew members capable of handling new fuels and new technologies. The company will also work ...

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Lithuanian KN has new long-term strategy focused on energy transformation and climate neutrality

Lithuanian LNG terminal operator Klaipedos Nafta (KN) has introduced its new corporate strategy for the period 2023-2050 which is centred around the efficiency of current activities, preparation for the energy transformation and transition towards activities in the new energy field. The strategy, which has been approved by the Supervisory Council of KN, takes effect on 14 June. With this strategy, ...

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FueLNG Venosa, Singapore’s 2nd LNG bunker ship, in 1st LNG bunkering op

FueLNG Venosa, Singapore’s second LNG bunker vessel, has completed its first bunkering operations with Eastern Pacific Shipping’s 210,000 dwt bulker Mount Tai. As informed, the event also marked a milestone for Eastern Pacific Shipping, since the bunkering is 100th LNG bunkering operation in Singapore. Like all EPS-managed LNG dual fuel vessels, Mount Tai, which is chartered on consecutive voyages with BHP, is equipped with ...

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