At one of the world's biggest bulk export ports in Western Australia, shippers safely completed the first transfer of ammonia from one vessel to another last month, a key test for its adoption as a marine fuel in the push for cleaner energy.The first cargo ships powered by ammonia are set to enter service in 2026
At least two people died and four were declared missing following the sinking of an oil barge operated by a contractor of Venezuelan state-run energy company PDVSA at Lake Maracaibo, PDVSA said on Thursday.Sources and an internal report from the company had indicated four fatalities from the accident earlier on Thursday. But PDVSA said rescue work to find the four missing people has not finished.
U.S. Gulf of Mexico energy firms on Friday were lumbering back from hurricane disruptions as offshore oil and gas producers ramped up operations after halving the key energy region's output, ports reopened, and onshore terminals accepted oil and liquefied natural gas (LNG) tankers.Hurricane Francine shut in up to 42% of the region's offshore oil and 53% of its natural gas production.
The first-of-its-kind hydrogen-fueled ferry Sea Change will soon begin public service, providing zero-emissions transport for passengers in San Francisco Bay.The groundbreaking commercial passenger vessel is the world’s first powered 100% by zero-emission hydrogen fuel cells. It was developed by owner SWITCH Maritime with grant support from the California Air Resources Board (CARB) as a solution
ABS chairman and CEO, Christopher J. Wiernicki, said he sees a universal, global carbon tax on shipping on the horizon, as alternative blue fuels made with carbon capture emerge as a growing part of the maritime industry's ongoing energy transition.“We need to recognize that there is an intermediate step in the energy transition
French container shipping group CMA CGM has taken delivery of the CMA CGM Mermaid, the first ship in a series of 10 new 2,000 TEU containerships powered by liquefied natural gas (LNG), which will be progressively deployed in the Mediterranean and Northern Europe.CMA CGM Mermaid containership is the result of collaboration between CMA CGM, Chantiers de l'Atlantique, and Hyundai Heavy Industries.
Greek shipowner Diana Shipping on Wednesday announced it has placed an order for two new methanol dual-fuel Kamsarmax bulk carriers from China's Tsuneishi Group (Zhoushan) Shipbuilding Inc.The 81,200 dwt newbuilds were ordered at a purchase price of $46 million each, Diana said. The vessels are expected to be delivered by the second half of 2027 and the first half of 2028, respectively.
NYK Stolt Tankers, a joint venture between NYK Line and Stolt Tankers, has placed an order with Nantong Xiangyu Shipyard in China to build six 38,000 deadweight tonne stainless steel chemical tankers for delivery between late 2026 and 2029.The newbuilds will be sisters to a series of six vessels Stolt Tankers ordered at Wuhu Shipyard in November.
Russia has pledged to disclose more data about the volume of its fuel refining and exports after OPEC+ asked Moscow for more transparency on classified fuel shipments from the many export points across the vast country, sources at OPEC+ and ship-tracking firms told Reuters.Russia is the only member of OPEC+ which contributes to export cuts rather than production cuts as part of its participation
Shipowner Naftomar Shipping announced an order for four very large ammonia carriers, to be built by South Korean shipbuilder Hanwha Ocean (formerly known as Daewoo Shipbuilding & Marine Engineering) for scheduled delivery from 2026. With a capacity of 93,000 m3, the ships are among the world’s largest ammonia carriers ordered to date.
MAN Energy Solutions has unveiled a dual-fuel version of its MAN 175D high-speed engine, capable of operating on methanol, that's scheduled to become available to the market by the end of 2026. The new variant, designated MAN 175DF-M, will be available both as newbuild and retrofit variants.
China Merchants Energy Shipping (CMES), the Shanghai-listed shipping giant and daughter company of China Merchants Heavy Industry (CMHI), has ordered an MAN B&W 7G80ME-LGIM (-Liquid Gas Injection Methanol) main engine in connection with the construction of a very large crude carrier (VLCC).