Distribution And Storage News

ABB has secured an order from Norwegian shipyard Ulstein Verft to supply an advanced power and propulsion system for a new cable-laying vessel (CLV) being built for Nexans.Upon delivery in 2026, the vessel will join Nexans Skagerrak and sister ship Nexans Aurora – also equipped with ABB technology – as the third and most advanced CLV in the Nexans fleet.An integrated system comprising main power generation and distribution, energy storage, and electric propulsion will allow the new CLV to execute its cable laying…

Commercial maritime shipping has a fuel problem. While the industry has cemented its position as the essential piece of the global supply chain—moving more than 80% of all international goods by volume—its dependence on carbon-emitting fuel has come with a high cost.Maritime shipping is responsible for roughly 3% of all greenhouse gas emissions, according to the International Maritime Organization. The longer that ships continue to run on carbon-emitting fuel, the harder it will be to reach net zero emissions by 2050 and to prevent the worst damage predicted by climate scientists.

The UK Government has tasked the Offshore Renewable Energy (ORE) Catapult and the Workboat Association (WA) with the development of a Technology Roadmap, outlining a route to the decarbonization of North Sea offshore wind operations and maintenance (O&M) vessels.The roadmap will consider key areas such as vessels, ports, and alternative fuels. As part of this engagement, ORE Catapult and the WA will undertake one-to-one interviews and focus groups with a wide range of stakeholders…

New Zealand Port Nelson said that continued growth in cargo volume has contributed to the port's delivering an operating profit of $30.5 million for the 2018/2019 financial year.This is an increase of $3.4 million compared to the $27.1 million reported in 2018. Net Profit After Tax, including a $2.6 million increase in the valuation of investment property, was $15.3 million.In consideration of the steady growth of the region’s exports through the port and the promising returns on investments, Port Nelson’s Chair, Phil Lough, announced an additional $800,000 dividend payment would be made to shareholders, this is on top of the full-year…

Hydrogen can play a significant role in decarbonizing world energy supply to mitigate climate change, according to a new research paper by DNV GL, the technical advisor to the oil and gas industry.According to new DNV GL research paper, decarbonization could drive an estimated 100,000-fold rise in demand for hydrogen for energy by 2050. The paper lays out a viable business concept for producing low-carbon transportable hydrogen offshore from natural gas.'Hydrogen as an energy carrier' predicts demand for hydrogen for heating residential and commercial space, heat for industry, and transport to reach between 39 and 161 million tonnes of hydrogen per annum (Mtpa) in 2050, under various modelled scenarios.

Chart Industries, Inc., an independent global manufacturer of highly engineered equipment used in the production, storage and end-use of hydrocarbon and industrial gases, today announced that Chart Ferox, a.s., a member of its Distribution and Storage (D&S) segment in Europe, has been awarded a contract by Hybrid Port Energy Gmbh & Co. KG (HPE), a subsidiary of Becker Marine Systems Gmbh & Co. KG, to provide LNG fuel storage and processing equipment for an LNG-Hybrid Barge, which will operate in Hamburg's HafenCity. The LNG-Hybrid Barge is a unique project between HPE and cruise liner operators and will provide power to cruise liners…

Damen EcoLiner provides new vessel on LNG and integrated shipping concept for the inland shipping industry; ‘Total solution’ concept combines shipbuilding, ship management, the environment and economics. Bodewes Binnenvaart B.V., Damen Shipyards Group’s inland waterway shipyard, and inland shipping company QaGroup are set to launch an entirely new inland shipping concept, which they believe will set a new industry standard in inland shipping. Both companies have combined their knowledge as to designing and operating the vessel.

Dutch-based chemical distribution and storage company Vopak NV said on Thursday it had sold one third of its 30 percent stake in unit Heavy Transport Group NV to unlisted Dutch partner Heerema. The transaction will generate a book profit of about 20 million euros ($18.15 million), which will be included in the 2001 results as an extraordinary gain, Vopak said in a brief statement. Last week, the group said it planned to trim its ownership in the shipping sector. Vopak was formed in November 1999 through the merger of Dutch sector peers Van Ommeren and Pakhoed NV. - (Reuters)

Dutch-based chemical distribution and storage company Vopak NV said on Monday it was not considering selling its tank storage activities despite interest from another company. Vopak's statement followed a report that the company had received a 1.1 billion euro bid for its tank storage activities from a foreign company. But Vopak said hiving off the tank storage activities, which contributed about two-thirds of the company's cash flow, was not consistent with its strategy. "Capitalizing on the prevailing cohesion between logistics and chemical distribution continues to be the cornerstone of our strategy, particularly since the oil and chemical industry is increasingly striving for consolidation of its logistics and distribution activities," company officials said.

Dominion agreed to sell its offshore natural gas and oil exploration and production operations to Eni Petroleum Co. Inc., a subsidiary of Italian energy company Eni, for approximately $4.76 billion. These operations include approximately 967 billion cubic feet equivalent of proved natural gas and oil reserves in the Gulf of Mexico shelf and deep water as of Dec. 31, 2006, with 2006 average daily production of approximately 503 million cubic feet equivalent. "Today’s announcement is a significant step in Dominion’s previously announced strategic plan to refocus on the power generation and energy distribution, transmission, storage and retail businesses," said Chairman, President and CEO Thomas F. Farrell II.

Dutch-based chemical distribution and storage company Vopak NV said it signed a memorandum of understanding to sell its bitumen fleet to Swedish Tarbit Shipping AB. No financial details of the planned sale were released. Vopak had earlier said the bitumen fleet member Theodora Tanker no longer fitted with its strategy. Earlier this year Vopak sold one-third of its 30 percent stake in unit Heavy Transport Group to unlisted Dutch partner Heerema. Vopak was formed in November 1999 through the merger of Dutch sector peers Van Ommeren and Pakhoed NV. - (Reuters)