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Germany Builds up LNG Import Terminals
![© JET-PIX / Adobe Stock](https://images.marinelink.com/images/maritime/w200h200c/jetpix-adobe-stock-146605.jpeg)
German utility RWE on Jan. 1 handed over floating liquefied natural gas (LNG) infrastructure at Brunsbuettel on the North Sea to state-owned Deutsche Energy Terminal (DET) as agreed when first imports arrived 10 months ago, it said.DET is now the sole operational manager and markets the capacity of the Brunsbuettel Elbehafen LNG project.Germany's quest to increase LNG capacity for regasification on its shores has intensified as it seeks to end reliance on Russian pipeline gasâŠ
Great Ships of 2023: Icon of the Seas
![Icon of the Seas (Photo: Royal Caribbean Group)](https://images.marinelink.com/images/maritime/w200h200c/icon-of-the-seas-photo-146593.jpg)
âTurku is building the real big ships,â said Meyer Turku CEO Tim Meyer.Meyer is not exaggerating. The yardâs latest newbuild, Icon of the Seasâthe first ship of Royal Caribbeanâs Icon classâis 248,655 GT, making it the largest cruise ship ever constructed.In general, the cruise ships rolling out of the nearly 300-year-old Finnish shipyard have been steadily increasing in size since the Meyer Group took full ownership in 2015.
Workboat Power: Alternatives Join Diesel to Power Currentâand FutureâVessels
![Crowleyâs new electric tug eWolf is being built by Master Boat Builders for scheduled delivery in 2024. (Image: Crowley)](https://images.marinelink.com/images/maritime/w200h200c/crowleys-new-electric-tug-ewolf-146542.jpg)
Analysts and commentators are quick to point out that fossil fuels will power maritime equipment, and indeed dominate the fueling marketplace, well into the future. However, they will do so alongside new fuels, and new technologies, that will be introduced to the maritime sector in the coming years. In its September, 2023 report âBeyond the Horizon: View of the Emerging Energy Value Chainsâ, the American Bureau of Shipping (ABS) explains thatâŠ
China Aims to Build More than Half the World's Cleaner-fuel Ships by 2025
![© Igor Groshev / Adobe Stock](https://images.marinelink.com/images/maritime/w200h200c/igor-groshev-adobe-stock-146538.jpeg)
China has set itself the goal of producing more than half of the world's ships powered by cleaner fuels by 2025, in guidelines published by the industry ministry on Thursday.It did not give any estimates of the number of ships involved.
"Green" Loan Secured for Low-Emission Cruise Ship
![Copyright UMB-O/AdobeStock](https://images.marinelink.com/images/maritime/w200h200c/copyright-umboadobestock-146533.jpg)
Fincantieri signed a "green" construction loan for a maximum amount of $461m with Intesa Sanpaolo (IMI Corporate & Investment Banking Division) and Cassa Depositi e Prestiti (CDP), the proceeds of which will be used to cover the financial needs linked to the construction of the Mein Schiff Relax, the first of two newly designed dual-fuel inTUItion class cruise ships (Liquid Natural Gas - LNG and Marine Gas Oil - MGO) that Fincantieri is building for TUI CruisesâŠ
SHI Stops Making Blocks for Russian Shipyard's LNG Carriers
![© ymgerman / Adobe Stock](https://images.marinelink.com/images/maritime/w200h200c/ymgerman-adobe-stock-146486.jpeg)
Samsung Heavy Industries (SHI) said on Tuesday it has stopped making blocks and equipment for 10 out of 15 Arctic LNG carriers contracted with Zvezda.Samsung has been delivering blocks and equipment for five of them to Zvezda, the Russian shipyard that is assembling the carriers, after receiving South Korean government approval.Samsung is nearing the end of making the blocks and equipment for the five ships, a Samsung spokesperson said on Tuesday.For the remaining 10 ships, Samsung has stopped m
Foreign Shareholders Suspend Participation in Russia's Arctic LNG 2 Project
![© Arctic LNG 2 Illustration - Credit: Saipem](https://images.marinelink.com/images/maritime/w200h200c/arctic-lng-2-illustration-credit-146478.jpg)
Foreign shareholders suspended participation in the Arctic LNG 2 project due to sanctions, renouncing their responsibilities for financing and for offtake contracts for the new Russian liquefied natural gas (LNG) plant, the daily Kommersant reported on Monday.The project, seen as a key element in Russia's drive to boost its LNG global market share to 20% by 2030 from 8%, was already facing difficulties due to U.S.
Lack of Arctic Tankers Puts Russia's LNG Development Dreams on Ice
![© KKF / Adobe Stock](https://images.marinelink.com/images/maritime/w200h200c/kkf-adobe-stock-146462.jpeg)
Russia is hoping its shipments of liquefied natural gas (LNG) will offset a sharp fall in pipeline gas exports to Europe, but a shortage of gas tankers and sanctions hold back its plans, analysts and industry sources said.Russia wants to boost its share of the LNG market to 20% by 2030 from 8% now, but a force majeure declaration by top producer Novatek over LNG supplies from its future Arctic LNGâŠ
Capital Product Partners Move Forward with $3.1B Acquisition of 11 LNG Carriers
![(Credit: Capital Gas)](https://images.marinelink.com/images/maritime/w200h200c/credit-capital-gas-146463.jpg)
New York-listed shipowner Capital Product Partners L.P. (CPLP) has closed the umbrella agreement from November 2023, moving forward with the $3.1 billion acquisition of 11 newbuild LNG carrier vessels.CPLP entered into umbrella agreement with Capital Maritime & Trading Corp. and Capital GP on November 13, providing for the acquisition of 11 newbuild liquefied LNG carriers.Upon the closing of the umbrella agreement on ThursdayâŠ
New Fortress Energy Takes Delivery of Energos Celsius FSRU
![FSRU Energos Celsius (Credit: Seatrium)](https://images.marinelink.com/images/maritime/w200h200c/fsru-energos-celsius-credit-seatrium-146460.jpg)
Seatrium has delivered a floating storage and regasification unit (FSRU) Energos Celsius to New Fortress Energy (NFE), one of the worldâs leading LNG project developers.Energos Celsius is owned by Energos Infrastructure, a global marine infrastructure platform backed by Apollo funds and NFE, and the vessel is on long-term charter to NFE in Brazil.The FSRU was completed on time and within budget, and has departed the Seatrium shipyard for Brazil.It will subsequently be deployed at NFEâs completed
MOL Gets ClassNK Blessing for Ammonia FSRU Design
![Credit: Mitsui O.S.K. Lines](https://images.marinelink.com/images/maritime/w200h200c/credit-mitsui-osk-lines-146449.jpg)
Mitsui O.S.K. Lines (MOL) has been awarded an approval in principle (AiP) by ClassNK for a design of Floating Storage and Regasification Unit (FSRU) for ammonia.The ammonia FSRU has been jointly developed by MOL and MHI Groupâs Mitsubishi Shipbuilding.Obtains AiP for Ammonia FSRU Design - A Step Toward Safe Utilization of Ammonia for DecarbonizingThe AiP gives MOL further assurances in its design and development of ammonia FSRUâŠ
As Shipping Preps to Meet Carbon Targets, Will fuels be Available?
![Chart courtesy BIMCO / Source: Clarksons Research](https://images.marinelink.com/images/maritime/w200h200c/chart-courtesy-bimco-source-clarksons-146422.jpg)
âThe International Maritime Organizationâs (IMO) targets for the use of zero or near-zero fuels in 2030 can be met using sustainable biofuels. Many different sectors will compete for those fuels, so shipping is focusing on transitioning to alternative green and blue fuels. Today, only 1% of bulk, container, and tanker ships are prepared for using these fuels and fuel availability is low,â says Niels RasmussenâŠ
WinGD Adds Mitsui E&S Tamano Factory to Engine Building Network
![(L-R) Dominik Schneiter, CEO, WinGD; Hiroyuki Takumi, President, MESDU (Source: WinGD)](https://images.marinelink.com/images/maritime/w200h200c/lr-dominik-schneiter-ceo-wingd-146413.jpg)
WinGD has concluded an agreement with Mitsui E&S Diesel United (MESDU), part of the Mitsui Engineering & Shipbuilding group, that will see WinGD engines being built at its main Tamano works for the first time.The agreement adds considerable engine building capacity and enables WinGD to meet growing demand in a leading shipbuilding market with a reputation for delivering sophisticated, high-quality vessels.WinGD engines have previously been built only at the companyâs Aioi FactoryâŠ
NYK to Install Energy-Saving Technology on LNG-fueled Car Carriers
![(Credit: NYK)](https://images.marinelink.com/images/maritime/w200h200c/credit-nyk-146378.jpg)
Japanese shipping company NYK has unveiled plans to install a Variable Compression Ratio (VCR) system on LNG-fueled car carriers in an effort to reduce greenhouse gas emissions and cut fuel costs.NYK said it will include a VCR system on LNG-fueled car carriers to be built by Shin Kurushima Dockyard, with the first vessel scheduled for delivery in 2026.The system is said to be able to adjust the airâŠ
Some LNG Carriers Avoiding the Red Sea as Attacks Increase
![© Wojciech WrzesieĆ / Adobe Stock](https://images.marinelink.com/images/maritime/w200h200c/wojciech-wrzesie-adobe-stock-146369.jpeg)
Several liquefied natural gas (LNG) vessels have changed their courses in recent days to avoid the Red Sea region amid maritime attacks by Yemen's Iran-aligned Houthis on the world's main East-West trade route.The Red Sea is linked to the Mediterranean by the Suez Canal, creating the shortest shipping route between Europe and Asia, and is connected to the Gulf of Aden by the Bab-el-Mandeb strait between Yemen and Djibouti.
How Could Red Sea Attacks Affect Oil and Gas Shipping?
![© Vallehr / Adobe Stock](https://images.marinelink.com/images/maritime/w200h200c/vallehr-adobe-stock-146363.jpeg)
Several shipping companies and a few liquefied natural gas (LNG) tankers have decided to avoid the world's main East-West trade route, following attacks launched by Yemen's Houthi group on commercial ships at the southern end of the Red Sea.The attacks raised the specter of another bout of disruption to international commerce following the upheaval of the COVID pandemic, and prompted a U.S.-led internationalâŠ
Shippers Mask Positions, Weigh Options Amid Red Sea Attacks
![© Image'in / Adobe Stock](https://images.marinelink.com/images/maritime/w200h200c/imagein-adobe-stock-146352.jpeg)
A number of container ships are anchored in the Red Sea and others have turned off tracking systems as traders adjust routes and prices in response to maritime attacks by Yemen's Iran-aligned Houthis on the world's main East-West trade route.Attacks in recent days on ships in the major Red Sea shipping route have raised the spectre of another bout of disruption to international commerce following the upheaval of the COVID pandemicâŠ
BP Pauses All Shipments Through Red Sea Amid Houthi Attacks
![© vladsv / Adobe Stock](https://images.marinelink.com/images/maritime/w200h200c/vladsv-adobe-stock-146330.jpeg)
Oil prices were little changed on Tuesday as investors eyed the impact on oil supply after attacks by Yemen's Iran-aligned Houthi militants on ships in the Red Sea disrupted maritime trade and forced companies to reroute vessels.Brent crude futures rose 6 cents to $78.01 a barrel at 0726 GMT. The front-month U.S. West Texas Intermediate crude futures contract , which expires on Tuesday, fell 18 cents to $72.29 a barrel.
MOL to Expand Fleet With 5 New LNG-fueled Capesize Bulkers
![(Credit: Mitsui O.S.K. Lines)](https://images.marinelink.com/images/maritime/w200h200c/credit-mitsui-osk-lines-146328.jpg)
Japanese shipping major Mitsui O.S.K. Lines (MOL) has decided to expand its fleet with the additional five newbuilding dual-fueled Capesize bulkers, which can burn either LNG or conventional marine fuel oil.Two of the vessels will be ordered to Nihon Shipyard and built by Imabari Shipbuilding, while there remaining three will be built by Chinese CSSC Qingdao Beihai Shipbuilding.The vessels are slated for delivery from 2026 to 2027, according to MOL.
Disruptions in Red Sea Unlikely to Have Large Effects on Oil, LNG, Goldman says
![© vladsv /Adobe Stock](https://images.marinelink.com/images/maritime/w200h200c/vladsv-adobe-stock-146327.jpeg)
The disruption to energy flows in the Red Sea is unlikely to have large effects on crude oil and liquefied natural gas (LNG) prices as vessel redirection opportunities imply that production should not be directly affected, Goldman Sachs said.Oil prices advanced on Tuesday, extending gains from the previous session, as attacks by Yemen's Iran-aligned Houthi militants on ships in the Red Sea disrupted maritime trade and forced companies to reroute vessels.Oil major BP temporarily paused all transi
Icebreaking LNG Carrier Vladimir Rusanov on Ice Trials
![](https://images.marinelink.com/images/storage/w150h150c/dzb9n6nw4aasept.jpg)
Maritime Reporter TV Interviews Timo Koponen, Wärtsilä
![](https://images.marinelink.com/images/storage/w150h150c/662036de.jpg)
Digitalization Driving Safety in the Maritime Sector
![](https://images.marinelink.com/images/storage/w150h150c/cropimg2546.jpg)
Designer seeks permit to send out United States gas to Mexico for LNG exports
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Video: LNG Carrier Transits the Northern Sea Route
![](https://images.marinelink.com/images/storage/w150h150c/eduard-toll-northern-sea-route-passage-1.jpg)
Crowley Christens LNG-Powered ConRo
![](https://images.marinelink.com/images/storage/w150h150c/0x4a1012-bhdisplay.jpg)
Pasha Hawaii Brings LNG Containerships Online
![](https://images.marinelink.com/images/storage/w150h150c/nicksouzahnl1.jpg)
LNG Investment Set to Grow
![](https://images.marinelink.com/images/storage/w150h150c/jim.png)
Maritime Reporter TV Interviews Leif Gross, Caterpillar
![](https://images.marinelink.com/images/storage/w150h150c/74b84e3d.jpg)
Inside Crowley's Commitment Class ConRo Ships
![](https://images.marinelink.com/images/storage/w150h150c/untitled-c616.png)