Energy Transformation News

Seaspan has signed a memorandum of understanding (MoU) with global energy company AES in collaboration mainly aimed at providing liquefied natural gas (LNG) bunkering services to shipping vessels crossing the Panama Canal, as well as exploring options to provide this and similar services in regional markets within the area of influence of the Costa Norte LNG terminal, owned by AES, located in Colón, Panama. Currently, AES is developing a project to expand the aforementioned terminal…

The OPEC Fund for International Development has signed an agreement with the International Renewable Energy Agency (IRENA) to join the Energy Transition Accelerator Financing (ETAF) platform.The platform is a global initiative that seeks to mobilise funds for renewable energy investments. The OPEC Fund plans to support the platform with up to USD 250 million financing until 2030 to finance renewable energy solutions in its partner countries.The ETAF platform, established by IRENA and backed by the United Arab Emirates, initially aimed to mobilise at least USD one billion of capital by 2030.

Following the news on Wednesday that Crest Wind, a joint venture between Crowley and ESVAGT, is set to build a service operation vessel for operations in the U.S. offshore wind sector, the partners have now selected a shipbuilder for the SOV construction.Fincantieri Marine Group said Wednesday it had reached an agreement on a contract with CREST Wind to design and build a 288-ft. HAV 832 Service Operation Vessel (SOV).SOVs are purpose-built vessels used to transport technicians to service and sustain the operation of wind turbines at sea. Crowley is a U.S.

There’s no energy shortage when it comes to projects promoting the viability of alternatively fueled marine vessels (alt-fueled vessels).Consider just a few examples:Crowley Maritime Corp will take delivery in 2023 of an electric tugboat, dubbed eWolf, built by Master Boat Builders in Coden, Ala.The Hydrogen One towboat, using methanol-to-hydrogen technology, is being developed by its owner Maritime Partners.Master Boat Builders and Robert Allan Ltd. announced last fall the creation of a new battery hybrid, the ElectRA 3000-H, designed for U.S.

Chinese oil giant Sinopec has signed a 20-year liquified natural gas contract with U.S. LNG producer and exporter Venture Global LNG on November 4, 2021, to purchase 4 million tons of LNG a year. Venture Global will supply the LNG from its plant in Plaquemines, Louisiana. Also, China International United Petroleum & Chemicals ("UNIPEC"), a subsidiary of Sinopec, will buy LNG resources totaling 3.8 million tons from Venture Global's Calcasieu Pass project.Ma Yongsheng, president of Sinopec…

Shipping line MSC Mediterranean Shipping Company (MSC) and oil firm Shell have partnered up to speed up the decarbonization of the global shipping sector."The long-term memorandum of understanding will help MSC and Shell to play enhanced roles in the energy transformation of shipping, as developers and early adopters of innovative technologies and fuel solutions," the companies said in a statement.The companies plan to develop a range of safe, sustainable and competitive technologies…

President Joe Biden and German Chancellor Angela Merkel failed on Thursday to settle their dispute over Russia's Nord Stream 2 natural gas pipeline but said they agreed that Moscow must not be allowed to use energy as a weapon to coerce its neighbors."Good friends can disagree," Biden told reporters after two meetings with Merkel at the White House, adding that both leaders had asked their teams to look at practical measures they could take together if Russia's actions posed a…

Canadian power producer Northland Power will acquire Dado Ocean Wind Farm, a development company with multiple early-stage offshore wind development sites in South Korea.Dado Ocean is currently owned by Eui Jeong Hwang, a wind power developer who will continue to support the project as a local partner, working together with Northland to achieve key milestones for the project. The acquisition is expected to close in the coming weeks, subject to customary closing conditions.According to Northland, the acquisition builds on the company's presence in Asia and specifically in South Korea. It is anticipated that South Korea’s installed capacity will more than double by 2050, with renewables accounting for approximately 59% compared to 8% in 2018.

Hyundai Heavy Industries (HHI) Group is to maximize the ship efficiency for Very Large Container Ships (VLCSs) with its latest technology to simplify the power system.HHI and Korea Shipbuilding & Offshore Engineering (KSOE) announced that Norwegian-German classification society DNV-GL recently awarded an Approval in Principle (AIP) for the South Korean shipbuilder’s multi-grid design of the power system for 15,000-TEU container ships.The key feature of this latest design is the…

Spanish-based engineering company Siemens Gamesa Renewable Energy  (SGRE) closed the fiscal year ended September 30 with double-digit growth (+10.9%) in offshore unit due to new markets, mainly Taiwan, which contributed 1.5 GW in firm orders.Meanwhile, Service orders increased by 13.4% in FY 2019, to €2,715m. This business unit, which contributes with very profitable contracts, accounts for 47% of the company's order book.Wind power has strong potential and significant growth opportunities in the long-term. According to the International Energy Agency, average annual wind installations will practically double by 2040, with €5 trillion of investment by 2050.The order backlog at Siemens Gamesa rose 12% year-on-year to €25.5bn as its order intake grew by 7.4% to €12.7bn.

The largest trimodal  container terminal in the European hinterland is being developed in the Port of Duisburg.Duisburger Hafen AG (duisport) is set to build a US$111.2mln  new 220,000 m² trimodal container terminal on the site of its current coal island in response to a sharp decline in coal handling as a result of the energy transformation.The trimodal terminal is to be developed with duisport’s intermodal partners COSCO Shipping Logistics, Hupac SA and HTS Group and aims to handle the port’s booming trade with China in particular.This is duisport's response to the sharp decline in coal handling resulting from the energy transformation. In the future, duisport will instead use the coal island in particular to handle the booming trade with China.

Ahead of the G7 meeting at Biarritz from August 24-26, French President Emmanuel Macron, accompanied by Economy and Finance Minister Bruno Le Maire, Minister of Labour Muriel Pénicaud, and Deputy Minister for the Ecological and Inclusive Transition Brune Poirson, this afternoon has invited to the Elysée Palace representatives of the shipping industry including global leader CMA CGM.On this occasion, Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, will…

According to the International Renewable Energy Agency (IRENA) eleven million people were employed in renewable energy worldwide in 2018. This compares with 10.3 million in 2017.As more and more countries manufacture, trade and install renewable energy technologies, the latest Renewable Energy and Jobs – Annual Review finds that renewables jobs grew to their highest level despite slower growth in key renewable energy markets including China.The diversification of the renewable energy supply chain is changing the sector’s geographic footprint. Until now, renewable energy industries have remained relatively concentrated in a handful of major markets…

XL Lifts, specializing in zero and low emissions forklifts and a Wiggins Lift dealer, announced it is working with SSA Marine to launch a 36,000 lb. capacity zero-emissions electric forklift suitable for marine terminal and rail yard operations.SSA Pacific, a subsidiary of SSA Marine, has committed to deploying the newly announced Wiggins Yard eBull for its operations at The Port of Stockton facility.Featuring a quick charge lithium battery, the innovative Wiggins Yard eBull offers high-performance and energy efficiency, features never possible in a large capacity forklift. The effort is part of the company's mission to explore, evaluate…

South Korean state-owned Korea Gas Corporation (KOGAS) will invest 10 trillion won (US$8.84 billion) by 2025 to expand its natural gas capacity and infrastructure for hydrogen vehicles and other clean energy sources, reports Yonhap.Kogas, which has a monopoly on domestic natural gas sales,  unveiled a long-term business plan on the 35th anniversary of its foundation as it expects to play a greater role under the government’s energy transformation policy. The world’s second-largest importer of LNG said it will buy LNG at cheaper prices in future contracts and make joint efforts with other Asian buyers to have greater bargaining power…

MAN Energy Solutions represents a new vision, as reflected by a new, corporate design. The new branding embodies a strategic and technological transformation, a process the company had already begun back in 2017 by implementing its new strategy for the future: to expand its business with sustainable technologies and solutions such that they become its main source of revenue by 2030. This strategic realignment is supported by the expansion of MAN Energy Solutions’ product range to include hybrid…

Crowley Puerto Rico Services, Inc. has selected Eagle LNG Partners as the liquefied natural gas (LNG)-supplier for the company’s new LNG-powered, Commitment Class ships, which will be delivered in 2017 for use in the U.S. mainland to Puerto Rico trade. To support Crowley’s LNG needs, Eagle LNG will build a natural gas liquefaction plant (LNG plant) offering a capacity of 200,000 gallons per day (87,000 gallons per day initially) in Jacksonville. The state-of-the-art facility is slated to be operational by early 2017.

Throughout the history of shipbuilding, the key challenge too often has been how to build the right ship around a given propulsion system, rather than creating tailored propulsion system for the ship. That was true when the best propulsion "engines" available were sails, and it is also true for today's diesel, gas turbine and electric hybrid systems as well. The ideal, of course, is to allocate cargo space, cabin space, the shape of propulsion units, and even the shape of the ship's itineraries around the needs of the marketplace rather than around the limitations imposed by the ship's propulsion system. Factors that remain in the path of that ideal include the underlying efficiency across a broad operational range with which chemical energy is turned into mechanical energy…