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Methanol Orders Dominate May Orderbook
![Source: DNV](https://images.marinelink.com/images/maritime/w200h200c/source-dnv-150609.jpg)
DNV has released its May figures from the Alternative Fuels Insight (AFI) platform, and according to the latest figures, 33 new orders for alternative fueled vessels were placed in May 2024. Methanol continues to be the biggest driver, accounting for 23 of these vessels. Ten of these are from the container segment, along with five bulk carriers, and four car carriers.LNG continues to lag behind methanol…
ABS 2024 Outlook Highlights Shift in Fleet Composition
![Source: ABS](https://images.marinelink.com/images/maritime/w200h200c/source-abs-150608.jpg)
According to the latest ABS research, geopolitical instability, scalability of fuel production and retrofits to existing vessels are key factors impacting the shipping industry’s journey to net zero by 2050.The sixth in an annual series, the 2024 Outlook, Beyond the Horizon, Carbon Neutral Fuel Pathways and Transformational Technologies, features an update of ABS’ long-term energy forecast.“The 2024…
Extreme Asian Heat Spurs LNG Demand Ahead of Summer Months
![© Evgenii Bakhchev / Adobe Stock](https://images.marinelink.com/images/maritime/w200h200c/evgenii-bakhchev-adobe-stock-150555.jpeg)
Extreme temperatures across Asia are driving up liquefied natural gas (LNG) demand in the region as importers seek cargoes ahead of summer, with imports in South Asia hitting records.This could tighten available supply and further lift Asian spot prices that have already gained a third since April, with heatwaves across South and Southeast Asia boosting air-conditioner use and other cooling demand.
NYK Opens LNG Ship Management Company in Hong Kong
![Source: NYK](https://images.marinelink.com/images/maritime/w200h200c/source-nyk-150509.png)
In December 2023, NYK jointly established OPearl LNG Ship Management Company, a ship management company to be based in Hong Kong that will manage LNG carriers. An opening ceremony for the office was held on April 18.OPearl was founded together with CMES LNG Shipping Company, a subsidiary of China Merchants Energy Shipping, and CETS Investment Management (HK), a subsidiary of the CNOOC Group, a Chinese energy company.OPearl will manage LNG carriers…
US Regulator Seeks New Emissions Data from Venture Global LNG
![© moofushi / Adobe Stock](https://images.marinelink.com/images/maritime/w200h200c/moofushi-adobe-stock-150496.jpeg)
U.S. liquefied natural gas (LNG) exporter Venture Global LNG must refile emissions data for its Calcasieu Pass 2 plant construction permits, regulators said on Wednesday.The Alexandria, Virginia-based LNG developer had not included the impact of tanker and support vessel emissions in its recently revised filing, the Federal Energy Regulator Commission (FERC) said.Venture Global LNG has been pushing…
Armada Raises $3.2 Million In Seed Funding
![(Image: Armada Technologies)](https://images.marinelink.com/images/maritime/w200h200c/image-armada-technologies-150462.png)
Armada Technologies announced the close of its seed funding round, raising a total of $3.2 million, including contributions from both strategic partners and traditional financial investors to advance eco-friendly maritime solutions.Cool Company Management Ltd. (CoolCo) a strategic partner within the liquefied natural gas (LNG) space, is to part-fund Armada equipment that will be installed on its vessels with this seed round. Ecochlor, Inc.
Brittany Ferries Taps Wärtsilä and Incat to Develop Zero-emissions Ferry
![(Image: Brittany Ferries)](https://images.marinelink.com/images/maritime/w200h200c/image-brittany-ferries-150455.jpg)
Brittany Ferries announced it is working with Wärtsilä and Incat to explore design and technical requirements for a 137-meter zero-emissions ferry.“This is an important project as we look at different ways to reach net zero by 2050,” said Christophe Mathieu, CEO of Brittany Ferries. “All-electric power is a potential solution, best suited to shorter ferry routes. At this stage we don’t know what is feasible…
Corvus Energy to Supply Battery Systems for Panama Canal Tugs
![Source: Corvus Energy](https://images.marinelink.com/images/maritime/w200h200c/source-corvus-energy-150370.jpg)
The Panama Canal Authority ordered 10 hybrid tractor tugboats from European shipbuilder, Astilleros Armón, with options for another 10 similar vessels, and Corvus Energy will supply the battery systems for the hybrid-electric vessels.The Panama Canal Authority / Astilleros Armón contract signed in October 2023 was valued at $150 million total for the first 10 vessels, each 30-meter tugboats with 70…
Seaspan's Ammonia-ready Feeder Ship Design Earns LR Approval
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A next generation feeder ship design developed by Technolog for Seaspan Corporation has been awarded approval in principle (AIP) from Lloyd's Register (LR), the classification society announced.The innovative vessel, measuring 198 meters long, is designed to be efficiently converted from liquefied natural gas (LNG) to ammonia fuel during its lifetime, trading efficiently in today’s market and being ready for tomorrow’s.
Developer Seeks Permit to Process US Gas in Mexico
![© moofushi / Adobe Stock](https://images.marinelink.com/images/maritime/w200h200c/moofushi-adobe-stock-150302.jpeg)
A Mexican energy developer is seeking U.S. permission to export gas to Mexico, turn it into liquefied natural gas (LNG) and send it to countries with U.S. free-trade agreements, its filing with the U.S. Department of Energy showed.Mexico-based Gato Negro Permitium Uno and partners including Houston-based Big River Energy plan to construct four LNG processing plants in Manzanillo on Mexico's Pacific coast to produce up to 4 million tonnes per annum (MTPA) of LNG…
Seatrium Wins Contract for LNG Carrier Repairs and Upgrades
![From left: Alvin Gan, Executive Vice President, Repairs and Upgrades, Seatrium and JinChul Hong, Vice President, Hyundai LNG Shipping (Source: Seatrium)](https://images.marinelink.com/images/maritime/w200h200c/from-left-alvin-gan-executive-150255.jpg)
Seatrium has won a Favoured Customer Contract (FCC) with Hyundai LNG Shipping, marking its first long-term strategic partnership agreement with a leading Korean LNG company for the repairs and upgrades of its LNG carriers.The contract includes the refit of a series of LNG carriers over the next two years, with responsibilities in joint planning, information and experience sharing with Hyundai LNG Shipping.The…
New LCO2 Carrier Design Unveiled
![(Image: Deltamarin)](https://images.marinelink.com/images/maritime/w200h200c/image-deltamarin-150172.jpg)
Greece-based mid-stream carbon capture, utilization and sequestration (CCUS) service provider ECOLOG has teamed up with Finnish naval architecture and marine engineering firm Deltamarin to develop a LCO2 carrier designed for tendering at shipyards worldwide.The new design is intra-EU, short range, low pressure and shallow draft.During the initial design, various solutions have been carefully studied in order to optimize the vessel for LCO2 transportation…
MOL Names LNG Carrier Newbuilding Greenergy Ocean
![The Greenergy Ocean (Credit: MOL)](https://images.marinelink.com/images/maritime/w200h200c/the-greenergy-ocean-credit-mol-150106.jpg)
Mitsui O.S.K. Lines has named a newbuilding LNG carrier, which will serve China National Offshore Oil Corporation (CNOOC), the Greenergy Ocean.The Greenergy Ocean is the first vessel to be launched under a long-term charter contract for six newbuilding LNG carriers for CNOOC signed in January 2022.The vessel is 299 meters long, with the breadth of 46.4 meters and draft of 11.5 meters.It features a membrane type tank of 174…
Future Fuels: Momentum Builds for Ammonia
![Ammonia Value Chain.
Illustration Courtesy ABS](https://images.marinelink.com/images/maritime/w200h200c/ia-value-chainillustration-courtesy-abs-150061.jpg)
Strong demand is driving development but emissions issues remain, writes René Sejer Laursen, ABS Director – Fuels & Technology, Global SustainabilityThe interest in ammonia stems both from its zero emissions when used as fuel and because its production isn’t dependent on biogenic carbon sources.To realize large-scale production of green ammonia to serve new markets, its production capacity, along with that of renewable electricity and green hydrogen…
Black & Veatch Completes Feasibility Study for Colombia’s New LNG Terminal
![© Photopia Studio / Adobe Stock](https://images.marinelink.com/images/maritime/w200h200c/photopia-studio-adobe-stock-150009.jpeg)
Black & Veatch has completed a feasibility study for the planned Andes Energy Terminal, a liquefied natural gas (LNG) regasification terminal and power plant.The study assessed site suitability, project design requirements, capital and operating costs, financial viability, financing options, climate resilience, and implementation and construction plans.Beginning with a site assessment that focused on the landscape of the area…
Eye on Design: Hybrid Blood, Sweat, and Tears
![Image courtesy the author's library.](https://images.marinelink.com/images/maritime/w200h200c/image-courtesy-the-authors-library-149980.jpg)
In earlier columns, I have discussed various approaches and issues with Hybrid Propulsion.I have now had the pleasure of a number of years of experience with the design, operation, upgrade, modification, and maintenance of ship (and car) hybrid propulsion systems and may be able to make a claim of gradually becoming a little less confused.It is still not easy, but at the same time, I am starting to…
Panama Canal in Talks with US LNG Producers to Increase Transit
![© moofushi / Adobe Stock](https://images.marinelink.com/images/maritime/w200h200c/moofushi-adobe-stock-149967.jpeg)
The Panama Canal is in talks with U.S. liquefied natural gas (LNG) producers on how to meet increased demand for crossings as water levels recover after a prolonged drought, the canal's administrator Ricaurte Vasquez told Reuters in an interview.The canal is typically used by U.S. Gulf Coast exporters to send LNG cargoes to Asia via the Pacific Ocean, but from last year low water levels forced cuts to daily crossings…
Classification and Building the New Fuels Pathway
![CCS issued the first AIP certificate for the marine liquid hydrogen fuel supply system which is developed by Weishi Energy Technology Hebei Co., Ltd.
Image courtesy CCS](https://images.marinelink.com/images/maritime/w200h200c/ccs-issued-the-first-aip-149946.jpg)
Long-term initiatives led by classification societies are building the foundation for future fuels uptake.About this time last year, ABS CEO Chris Wiernicki said: “When you look at where we are and the steepness of the curve ahead, the biggest risk is the unintended safety consequences of change.” Class, he says, is built for the intersection between technology, safety and regulations and must be prepared.Work is underway.
QatarEnergy and Nakilat Sign Long-Term Agreement for Nine QC-Max LNG Vessels
![(Credit: QatarEnergy)](https://images.marinelink.com/images/maritime/w200h200c/credit-qatarenergy-149931.jpg)
QatarEnergy has signed a long-term agreement with Qatar Gas Transport Company Limited (Nakilat), under which Nakilat will own and operate nine QC-Max class LNG vessels, the largest LNG vessels ever built.The nine QC-Max vessels, with a capacity of 271,000 cubic meters each, constitute half of the 18 advanced QC-Max class LNG vessels that will be constructed at China’s Hudong-Zhonghua Shipyard.To date…
Australia Backs Long-Term Gas Exploration
![Source: Woodside](https://images.marinelink.com/images/maritime/w200h200c/source-woodside-149919.jpeg)
Australia's resources minister said on Thursday she backs the long-term exploration of potential natural gas projects, setting up a potential clash with opposition lawmakers and some in the incumbent Labor Party that oppose its use.Australia, one of the world's largest producers of liquefied natural gas (LNG), is committed to reducing its emissions to net zero by 2050.But Resources Minister Madeline King said in a column in the Australian Financial Review on Thursday, ahead of the launch of the
Icebreaking LNG Carrier Vladimir Rusanov on Ice Trials
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Maritime Reporter TV Interviews Timo Koponen, Wärtsilä
![](https://images.marinelink.com/images/storage/w150h150c/662036de.jpg)
Digitalization Driving Safety in the Maritime Sector
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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
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Maritime Reporter TV Interviews Leif Gross, Caterpillar
![](https://images.marinelink.com/images/storage/w150h150c/74b84e3d.jpg)
Inside Crowley's Commitment Class ConRo Ships
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