In its recently launched Energy Outlook, BP forecasts that the fuel mix for decarbonization in the shipping sector up to 2050 is able to diversify into hydrogen, either as ammonia or in liquid form, and LNG, as well as biofuels.
The Korean classification society, Korean Register (KR) opened a new LNG fuel and bunkering simulation center at its headquarters in Busan.
In an effort to enhance northern oil and gas fields and boost Arctic shipping, Sovcomflot and NOVATEK entered into long-term charter agreements so as to build 14 Arc7 ice-class LNG tankers.
FURE VEN, a dual-fuel vessel owned and operated by Swedish chemical tanker operator Furetank, has become the first non-US flagged vessel to bunker LNG in a US port, building confidence in the case for LNG as an attractive solution for international trading vessels in the country.
LNG Terminal Wilhelmshaven invites market participants to express their binding interest in throughput capacities in the LNG terminal project.
The EU will allocate 27 million euros to the implementation of two projects in Spain through the Connecting Europe Facility (CEF) mechanism, which promotes more sustainable and efficient transport.
MOL announced that the Ice-Breaking LNG Carrier “Vladimir Rusanov”, made its first call at the LNG Terminal in Ohgishima, located inside Tokyo Bay in Japan, on 23rd July.
Shipping is experiencing increasing pressure to decarbonize its operations and to reduce emissions to air. In April 2018, the IMO adopted an ambitious GHG reduction strategy, aiming to reduce with at least 50% total GHG emissions from shipping by 2050. As it is expected, such an unprecedented change, poses challenges for a range of stakeholders, from ship owners, to ship builders, designers, and fuel suppliers financiers and policy makers.
The Russian oil and gas major, Novatek recently shipped the first LNG cargo to Japan from its Yamal LNG initiative, via the Northern Sea Route.
Golar Power will develop the first LNG terminal in the North of Brazil. The project will enable the supply of LNG to Norsk Hydro’s Alunorte refinery plant.
