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SEA-LNG: LNG has half the lifetime cost of methanol and ammonia

The lifetime fuel costs of meeting key European decarbonisation targets for shipping through the LNG pathway are expected to be roughly half that of the methanol or ammonia pathways, according to the findings of a new analysis from the SEA-LNG coalition. The multi-sector coalition promotes the commercial and environmental benefits of LNG as a decarbonization pathway. The coalition said that ...

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UNDP urged to ensure ‘clean and safe recycling’ of decaying FSO offshore Yemen

Human rights and environmental non-governmental organizations (NGOs) are urging UNDP to ensure the clean and safe recycling of the decaying floating storage and offloading (FSO) vessel Safer, moored offshore Yemen, that is threatening to cause a massive oil spill. In a letter addressed to UNDP, the International Federation of Human Rights (FIDH), the Basel Action Network (BAN), and the NGO Shipbreaking ...

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Yara partners with CEPSA on 1st green H2 corridor between Algeciras and Rotterdam

Norwegian ammonia producer Yara Clean Ammonia has joined forces with Spanish multinational energy company Cepsa on the development of first green hydrogen corridor between the ports of Algeciras and Rotterdam. The partnership comes on the back of the announcement made in October last year when CEPSA signed a memorandum of understanding (MoU) with Port of Rotterdam to establish the first green hydrogen corridor ...

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Port of Brisbane links up $500mln sustainability-linked loan

The Port of Brisbane, Australia’s largest and most diverse capital city port, has agreed to terms on a $500 million sustainability-linked loan. As informed, the loan will be financed by a syndicate of 10 banks. The sustainability linked loan was negotiated as part of larger $850 million syndicated bank loan transaction in November 2022 and will take effect from June ...

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MPCC builds a greener fleet with acquisition of five eco-design ships

Norwegian shipowner MPC Container Ships (MPCC) has finalized the acquisition of five eco-design vessels. With a total purchase price of $136.4 million, these acquisitions come with existing charter contracts from top-tier counterparties, which the company expects to solidify its revenue-generating capabilities. “The inclusion of five young, eco-design vessels enhances the overall composition of our fleet and will increase our earnings and distribution ...

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Dutch shipowner claims 68% emissions reduction during ship’s voyage using biofuel

Dutch shipowner and operator Royal Wagenborg has revealed that one of its F-class vessels achieved a 68 per cent reduction of greenhouse gas (GHG) emissions while using biofuel during its first Transatlantic voyage. As disclosed, the vessel’s voyage using co-processed marine fuel demonstrated the ease to switch to this type of drop-in biofuel. The project is part of the firm’s ...

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Quadrise-Vertoro partnership: First CSO bioMSAR trials completed

Quadrise Plc, a supplier of energy solutions, and Vertoro BV, biorefinery specialists, have provided an update on their collaboration to develop a cost-effective supplement or alternative to glycerine in Quadrise’s bioMSAR™ fuel. Quadrise informed it has produced stable blends of bioMSAR™ containing up to 40% of Vertoro’s crude sugar oil (CSO™) at a pilot scale at the company’s research facility, ...

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GTT to provide technical services to EPS and CoolCo

French LNG containment specialist GTT has signed a technical services agreement (TSA) with the shipping and maritime company Eastern Pacific Shipping (EPS) and its LNG affiliate CoolCo. As part of the agreement, GTT is expected to support EPS and CoolCo with the maintenance and operation of a global fleet of 33 vessels, including 24 LNG carriers operated by CoolCo, six ...

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Port of Rotterdam gets new leadership

The Port of Rotterdam is getting a new CEO after almost ten years. Namely, Boudewijn Siemons will be appointed interim CEO of the Port of Rotterdam Authority effective 15 July 2023, taking over the reins from Allard Castelein, who is stepping down as CEO after nearly a decade. Siemons is currently the COO of the Port Authority and therefore responsible ...

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KSOE enjoying ordering spree, inks $93.3mln deal for product carrier duo

South Korean shipbuilding company HD Korea Shipbuilding & Offshore Engineering Co. (KSOE) has received a contract for the construction of two product carriers. As informed, the vessels will be built for an unnamed Asian shipowner. Hyundai Mipo Dockyard Co., (HMD) one of HD Korea Shipbuilding & Offshore Engineering’s three subsidiaries, will construct the petrochemical product-carrying ships in its shipyard. The ...

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