Navigator Holdings joins hands with Bumi Armada on CO2 shipping and injection JV

Gas carrier owner and operator Navigator Holdings has signed a non-binding memorandum of understanding with Bumi Armada Berhad, one of the world’s largest floating infrastructure operators, to establish a joint venture company to provide CO2 shipping and injection solutions in the United Kingdom. Courtesy of Navigator Holdings The Bluestreak CO2 Joint Venture, to be owned 50% …

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Japan: First trial of low-carbon LBM derived from biomass completed

Seven Japanese companies have completed the trial using liquefied bio-methane (LBM) derived from cattle manure as a marine fuel on the domestic liquefied natural gas (LNG) fueled vessel Ise Mirai in Ise Bay. MOL Teaming up on the project were shipping heavyweight Mitsui O.S.K. Lines, Air Water Inc., Techno Chubu Company, Kyoudou Kaiun Co., MOL Coastal Shipping, Cenergy …

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SBM Offshore wraps up $1.62 billion financing with 12 banks for Brazil-bound FPSO

Dutch FPSO operator SBM Offshore has completed the project financing of a floating production storage and offloading (FPSO) vessel, which is destined to work for Petrobras at the Mero field in the Santos Basin offshore Brazil, for a total of nearly $1.62 billion, secured by a consortium of 12 international banks.  Illustration; Source: SBM Offshore …

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Three Seadrill rigs joining Singapore player’s fleet

Singapore-based provider of tender-assist drilling solutions Energy Drilling Management (Edrill) is expanding its rig fleet thanks to a deal with Seadrill, which will enable it to buy three tender-assist drilling units. West Vencedor semi-submersible self-erecting tender assisted drilling rig; Source: Edrill Seadrill disclosed on Wednesday, 21 June 2023, that it had entered into definitive sale …

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FRS Iberia incorpora a su flota un fast ferry catamarán para reforzar sus operaciones en el Estrecho

La naviera FRS Iberia ha anunciado la incorporación de un fast ferry catamarán a su flota para reforzar sus operaciones en el estrecho de Gibraltar. Dicho buque operaba hasta ahora con el nombre de Artemis, bajo pabellón maltés, y fue construido en los astilleros australianos Incat en 1999. Ha sido rebautizado como Poniente Jet y sometido a una completa remodelación …

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Contecon Guayaquil recibe al buque más grande de la naviera danesa Maersk que ha llegado a Ecuador

El buque Gunhilde Maersk formará parte de la flota de naves de uno de los servicios de la línea naviera que arriba al puerto con una periodicidad semanal, con la transportación de productos locales como banano, cacao, camarón y otros. Contecon Guayaquil S.A. (CGSA), concesionaria de las Terminales de Contenedores y Multipropósito del Puerto Marítimo …

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MSC building shipping fleet suitable for multi-fuel future

MSC Group is building a fleet capable of running on multiple types of marine fuels in the shipping sector’s low-carbon transition, which will be driven by regulatory and customer requirements, a company executive told S&P Global Commodity Insights. Maritime transportation, which accounts for 2%-3% of the world’s greenhouse gas emissions, generally relies on oil-based fuels …

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Biofuels as a path to decarbonization

Biofuels look set to become the most viable option for widespread adoption as a bunker fuel for commercial shipping. Hydrotreated vegetables, blend-in combustibles and biomethanol are already being used as drop-in power on some ships, with the potential to replace fossil fuels. The International Maritime Organisation (IMO) has highlighted 2030 and 2050 as key milestones …

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