In Denmark, Maersk reports the global shipping industry will grapple with significant challenges in the next few months due to the ongoing disruptions in the Red Sea. Extended travel times and logistical bottlenecks across the world are due to several factors. First, congestion at key Asian ports is causing widespread delays and chokepoints, disrupting the […]
In Finland, GENA’s Project Navigator Methanol reports significant growth among 176 active renewable and low carbon methanol plants and projects including 97 e-methanol projects with a total capacity of 15.8 Mt, 67 biomethanol projects totaling 10.3 Mt, and 12 low-carbon methanol projects with an 8.1 Mt capacity. The primary growth in biomethanol capacities is anticipated […]
In North Carolina, Honeywell has announced its acquisition of Air Products’ liquefied natural gas (LNG) process technology and equipment business for $1.81 billion in an all-cash transaction.Air Products’ LNG Business has approximately 475 employees with headquarters in Allentown, Pennsylvania and a 390,000-square-foot manufacturing facility in Port Manatee, Florida, where all sizes of coil-wound heat exchangers […]
In Singapore, LNG Prime reports Singapore’s LNG bunkering sales reached a new record of 51,662 metric tons in June. According to the report, this new record surpasses the previous records of 17,920 mt in June 2023 and 48,752 mt in May 2024. Throughout the first half of 2024, LNG bunkering volumes totaled 211,877 mt, marking […]
In France, LNG Prime reports in a deal valued at $2.66 billion, CMA CGM has ordered 12 15,500 TEU LNG dual-fuel containerships from South Korean conglomerate HD Hyundai. The ships will be constructed at HD Hyundai Samho and HD Hyundai Heavy, with six vessels at each yard. These vessels are set for delivery by June […]
In Switzerland, Nova Marine Group and Algoma Central Corporation have announced an order for the world’s largest and most eco-friendly cement carrier. The 38,000 dwt vessel will be built in China and delivered by the end of 2026. This groundbreaking vessel, part of the NovaAlgoma joint venture, will be equipped with a dual-fuel system capable […]
In The Netherlands, CVC DIF has agreed to sell a 29% economic interest in France LNG Shipping (FLS) to Ocean Yield AS, a KKR-backed ship-owning company. FLS operates advanced Liquefied Natural Gas (LNG) carriers under long-term charters with top European energy firms. The partnership and investment from CVC DIF funds have significantly expanded FLS’s LNG […]
In Massachusetts, a recent MIT study reveals that switching maritime fuel from diesel to ammonia could worsen air quality and pose significant health risks unless new emissions regulations are implemented. While ammonia is nearly carbon-free, its combustion produces nitrous oxide (N2O) and nitrogen oxides (NOx), contributing to severe air pollution and health problems such as […]
In Singapore, Aslan Energy Capital announced the signing of an MOU to acquire 35,000 hectares (approximately 135 square miles) of land in Sonora, Mexico, for the ANEM (Aslan Net-zero Energy Mexico) Project. Front-end engineering design is set to begin in Q3 2024, with the first green ammonia shipment planned for 2028. This solar-based green hydrogen […]
In the UK, Nuclear Engineering International reports South Korea’s Mokpo National University has inaugurated the world’s first Small Modular Reactor (SMR) Ship Research Institute, aiming to become a global leader in SMR ship research and education. The launch ceremony saw attendance from over 100 dignitaries, including key figures from Korea Hydro & Nuclear Power (KHNP), […]
