In Korea, Business Korea reports the shipbuilding industry is experiencing a significant shift, with a rising preference for liquified natural gas (LNG) dual-fuel container ships over methanol-powered vessels. According to Clarkson Research, the first half of this year saw orders for 40 LNG dual-fuel container ships, double the 20 methanol dual-fuel ships ordered. This is […]
In Greece, Capital-Executive Ship Management Corp. took delivery of four new 2,862 TEU container vessels equipped with Alternative Marine Power, also know as ‘shore power’, SOx exhaust gas cleaning systems, and are configured for future liquified natural gas adaptation. Built by HD Hyundai Mipo Dockyard Co. Ltd. in South Korea, the vessels incorporate optimized hull […]
In France, green hydrogen producer Lhyfe announced a partnership with low-carbon molecule innovator Elyse Energy to produce e-methanol from green hydrogen for maritime transport within the Loire Estuary’s industrial and logistics port ecosystem. Lhyfe was selected by the Nantes Saint-Nazaire port authority to develop green hydrogen production and distribution at the authority’s 73 hectare Montoir-de-Bretagne […]
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 […]
