Shell, DMC Sign MoU to Explore Alternative Energy

Marinelink.com
Tuesday, September 17, 2013
VP Global LNG receiving a memento from Khamis Juma Buamim, Chairman of Drydocks World & Maritime World

Dubai Maritime City signed an MOU with Shell to explore the diverse business options related to promoting alternative sources of energy such as Liquefied Natural Gas (LNG).

The primary focus would be on exploring opportunities that would enable the adoption of LNG as a fuel in markets including marine transportation, road transportation, power and industries in the United Arab Emirates (UAE) and the wider Middle East, North Africa and South Asia (MENASA) region.


The team from Shell including Mr Roger Bounds, Global Head of Shell, LNG and Mr Mounir Bouaziz, Vice President Commercial & New Business Development were met by His Excellency Khamis Juma Buamim Chairman Drydocks World & Maritime World. They discussed the possibility of future business opportunities as well as the ongoing cooperation between the two companies including the building of the world’s largest Turret Mooring system for the floating LNG facility at DDW’s Dubai facility.


 “We are privileged to have reached this understanding with Shell in an area of mutual and topical interest of developing sustainable and environment friendly sources of energy in the maritime sector. This is part of our Dubai Maritime Green Initiative, which seeks to develop and propagate viable and environment-friendly alternatives especially in the field of renewable energy and alternative fuels for improved fuel efficiency,” said His Excellency Khamis Juma Buamim, Chairman of Drydocks World & Maritime World.     


The first step of such cooperation is to form a Joint Working Committee on the terms and conditions set out in the MoU to discuss and agree on detailed work plans to mature the business opportunity with a view to concluding a Joint Development Agreement. Both DMC and Shell will jointly investigate and develop the business opportunity.  
 
DMC and its affiliates are global leaders in providing infrastructure and services to the maritime and energy (oil & gas) sectors. Shell Exploration Company B.V. and its affiliates are global leaders in the LNG industry and are developing and operating downstream LNG businesses across the globe.


The Dubai Maritime Green Initiative is a strategic movement to encourage all-round environmental excellence in maritime and allied sectors including oil, gas and energy. The main aim of the Initiative would be to encourage companies engaged in research and development on green design to disseminate green solutions for efficiency improvement in the maritime industry including areas related to shipyard concepts, demolition and waste management, project financing, equipment manufacturers & suppliers, classification societies & regulators, shipbuilding and offshore fabricators and integrated solution providers. The role of the Initiative would also to be to encourage government departments to arrive at environment friendly policies.

 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

NASSCO Lays Keel for Jones Act Tanker Liberty

U.S. shipbuilder General Dynamics NASSCO hosted a keel laying ceremony on Thursday, May 26 for the Liberty, one of three new ECO Class Jones Act tankers under a

DSC Dredge Receives President’s E-Star Award

DSC Dredge, LLC, based in Reserve, La., has received the 2016 President’s “E-Star” Award for exports.   In a ceremony held on May 16, 2016, at the U.S. Department

TT Club Reports Robust Financial Results for 2015

TT Club has announced its financial results for the year ended December 31, 2015, and AM Best affirms its A- (Excellent) rating for the 10th consecutive year.   Knud Pontoppidan,

Ports

Long Beach Port Maintains Strong Bond Rating

Fitch Ratings, one of the top three U.S. credit analysis agencies, has affirmed the Port of Long Beach’s “AA” rating on its outstanding debt. Fitch stated the AA rating — its highest for U.

Portugal PM Warns Lisbon Dock Workers to End Strike

Portugal's prime minister warned Lisbon dock workers on Friday that his patience was running out after a strike that has lasted a month, paralysing the city's ports.

Gender Identity Spat Sinks Spending Bill

The rancorous political debate over sexual identity unexpectedly prompted the Republican-controlled House of Representatives to rejected an energy and water spending

Environmental

GloMEEP Project Forges Ahead with Train-the-Trainer Workshop

A global Train-the-Trainer workshop on energy efficiency has been delivered in China (23-27 May), preparing the personnel needed to cascade knowledge on energy

Long Beach Port Maintains Strong Bond Rating

Fitch Ratings, one of the top three U.S. credit analysis agencies, has affirmed the Port of Long Beach’s “AA” rating on its outstanding debt. Fitch stated the AA rating — its highest for U.

Hansa Offenburg, Hansa Drakenburg Sail Scale-free

Leonhardt & Blumberg was founded in 1903 and has managed more than 180 vessels, the majority of which were general cargo vessels and bulk carriers. Today the company

Energy

GloMEEP Project Forges Ahead with Train-the-Trainer Workshop

A global Train-the-Trainer workshop on energy efficiency has been delivered in China (23-27 May), preparing the personnel needed to cascade knowledge on energy

Hercules Offshore Filing for Bankruptcy Again

Hercules Offshore Inc said it planned to file for prepackaged Chapter 11 bankruptcy, just six months after the rig contractor emerged from bankruptcy protection.

Strike Idles 38 Oil Tankers at Fos-Lavera

Some 38 oil tankers have been held up at the Fos-Lavera oil port in southern France, the country's biggest, including 25 at harbour, up from 12 the previous day,

LNG

NASSCO Lays Keel for Jones Act Tanker Liberty

U.S. shipbuilder General Dynamics NASSCO hosted a keel laying ceremony on Thursday, May 26 for the Liberty, one of three new ECO Class Jones Act tankers under a

Höegh LNG Turns to Profit in 1Q

Höegh LNG returned to profit following a Profit after tax of USD 6.3 million for the first quarter of 2016, up from USD 4.0 million net loss in the fourth quarter 2015.

World’s Biggest LNG Buyer Becomes Seller

EDF Trading, a wholly-owned subsidiary of French power giant EDF, has signed an LNG sales and purchase agreement with Japanese LNG aggregator Jera Co Inc, one

Logistics

Higher Capesize Demand Pushes up Baltic Index

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday buoyed by higher demand for capesize vessels.

DSC Dredge Receives President’s E-Star Award

DSC Dredge, LLC, based in Reserve, La., has received the 2016 President’s “E-Star” Award for exports.   In a ceremony held on May 16, 2016, at the U.S. Department

Portugal PM Warns Lisbon Dock Workers to End Strike

Portugal's prime minister warned Lisbon dock workers on Friday that his patience was running out after a strike that has lasted a month, paralysing the city's ports.

 
 
Maritime Security Maritime Standards Naval Architecture Offshore Oil Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1800 sec (6 req/sec)