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Damen: Steel cut for BC Ferries’ third fully electric vessel

Romania-based Damen Shipyards Galati, a subsidiary of Dutch shipbuilder Damen Shipyards Group, has cut the first steel on the third all-electric Island-class vessel ordered by Canadian ferry operator BC Ferries. The post Damen: Steel cut for BC Ferries’ third fully electric vessel appeared first on Offshore Energy.

US DOE backs Plug Power’s hydrogen buildout with $1.66 billion loan guarantee

U.S. hydrogen solutions company Plug Power has closed a $1.66 billion loan guarantee from the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) to support its hydrogen buildout. The post US DOE backs Plug Power’s hydrogen buildout with $1.66 billion loan guarantee appeared first on Offshore Energy.

Thai player welcomes inaugural LNG shipment

Gulf LNG, a subsidiary of Thailand’s Gulf Energy Development, has received its first liquefied natural gas (LNG) cargo. The post Thai player welcomes inaugural LNG shipment appeared first on Offshore Energy.

Tanker under US sanctions discharges oil at Chinese port, LSEG data shows

A tanker subject to the new U.S. sanctions is discharging Russian oil at a port operated by Shandong Port Group in east China, shipping data on LSEG Eikon showed on Thursday. The tanker is the first since last week’s sanctions announcement to discharge in Shandong province where many of China’s independent refineries that have been …

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Intra-Asia Container Index Falls 6%

Drewry’s Intra-Asia Container Index (IACI), a weighted average of regional spot container freight rates, fell 6% in the fortnight to 15 Jan 25 to $828 per 40ft container. Intra-Asia Container Index assessment for 15 January 2025 Drewry’s Intra-Asia Container Index (IACI) decreased 6% to $828 per 40ft container in the first half of January. Currently, …

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