Transport of Hydrocarbons News

Borealis and IINO Lines Sign Second Long-term Time Charter Contract for Very Large Gas Carrier
Japan >> 6/6/2024 - World’s first Very Large Gas Carrier (VLGC) of Ice Class IB is equipped to reduce fuel consumption and emissions
Long-term time charter improves cost competitiveness of transatlantic feedstock sh...
Capital Product Announces Further Expansion With $756.0M Investment
Greece >> 6/3/2024 - Capital Product Partners L.P. an international owner of ocean-going vessels, announces an important strategic investment in 10 latest technology gas carriers.

Highlights of the transaction<...
New prices for natural gas transmission services have been approved
Lithuania >> 5/30/2024 - AB Amber Grid, legal entity code: 303090867. Address: Laisves ave. 10, LT-04215 Vilnius, Lithuania.

On 30 May 2023, the National Energy Regulatory Council approved Amber Grid natural gas t...
First LNG Tugboat with Hybrid System Goes into Operation in Singapore
Singapore >> 5/24/2024 - - Seatrium puts 65-tonne bollard pull tug into regular service
- Dynamic and reliable: Two 16-cylinder mtu gas engines meet demanding operating requirements
- mtu gas engines power eleven ve...
Deltamarin and ECOLOG unveil LP LCO2 carrier design
Finland >> 5/16/2024 - Deltamarin and ECOLOG have collaborated on LCO2 carrier design for the purpose of tendering at shipyards worldwide. The new design is intra-EU, short range, low pressure, and shallow draft.

...
“K” LINE Conducts First Trial Use of B100 Biofuel for Carbon-free Operations on Car Carrier
Japan >> 5/16/2024 - Kawasaki Kisen Kaisha, Ltd. (“K” LINE) is pleased to announce that we have conducted our first trial use of marine B100 biofuel which was supplied by global energy management company World Fuel Serv...
Shofu Maru, World's 1st Wind Challenger-equipped Coal Carrier, Achieves Fuel Savings of 17%
Japan >> 5/15/2024 - Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) announced that its owned and operated Shofu Maru (Note 1), the world's first coal carrier equipped with the Wind Challenger hard sai...
Used Vehicle Lashing Belts on Oceangoing Ships to Be Recycled into Solid Fuel
Japan >> 5/7/2024 - On April 6, NYK Line ("NYK"), NYK Trading Corporation ("NYKT"), Azbil Yamatake Friendly Co., Ltd. (”Azbil Yamatake Friendly”), and Kayama Kogyo Co., Ltd. ("Kayama Kogyo") began recycling well-worn veh...
Porthos kicks off: first drilling under seawall
Netherlands/Holland >> 5/1/2024 - After a period of preparation, there is now a noticeable start to construction of the infrastructure on the Porthos project for transportation and storage of CO2. Today, the first drilling took place....
Decision to Increase capacity project proposal for the border between Poland’s and Ukraine’s
Poland >> 5/1/2024 - The decision constitutes the basis for an incremental capacity auction at the GAZ-SYSTEM/UA TSO GCP interconnection point. The auction will be held on 1 July 2024 on the GSA Platform.

On 26...
Newbuilding LPG-Fueled 'LPG & Ammonia Carrier' for GYXIS
Japan >> 4/25/2024 - Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced that the LPG (Note 1)dual-fuel LPG/ammonia carrier (VLGC) Aquamarine Progress II (Note 2), ordered by its group comp...
Avenir LNG Orders two 20,000cbm LNG Bunker & Supply Vessels
United Kingdom >> 4/25/2024 - Avenir LNG Limited (NOTC: AVENIR) announces that it has entered into a shipbuilding contract with Nantong CIMC Sinopacific Offshore & Engineering Co. Ltd (“SOE”) in China, a subsidiary of CIMC Enric, ...
Belgian ministers visit Vlissingen in North Sea Port
Belgium >> 4/24/2024 - Concrete building blocks for Belgium's Princess Elisabeth Energy Island are being constructed in Vlissingen. The first of the 23 so-called caissons is just about finished – an excellent reason for Bel...
Wärtsilä cargo handling & fuel gas supply systems continue to be the choice for VLEC
Finland >> 4/22/2024 - Wärtsilä Gas Solutions, part of technology group Wärtsilä has been contracted to supply the cargo handling and fuel gas supply systems for three new 98k Very Large Ethane Gas Carrier (VLEC) vessels. T...
Höegh LNG: 2023 Annual Report and Sustainability Report
Bermuda >> 4/19/2024 - Höegh LNG Holdings Ltd. ("Höegh LNG") has published its 2023 Annual Report and 2023 Sustainability Report. Both reports are available at hoeghlng.com.

Strong performance driven by FSRU del...
Cross Timbers Royalty Declarers April Distribution
United States >> 4/19/2024 -  Argent Trust Company, as Trustee of the Cross Timbers Royalty Trust (the "Trust") declared a cash distribution to the holders of its units of beneficial interest of $0.135867 per unit, payable on May...
Wärtsilä cargo handling and fuel gas supply systems selected for 3 Very Large Ethane Gas Carriers
South Korea >> 4/18/2024 - Wärtsilä Gas Solutions, part of technology group Wärtsilä, will supply cargo handling and fuel supply systems for three new large sized ethane gas carrier (VLEC) vessels. The ships are being built at ...
Five northern European countries conclude arrangements on transport of carbon across borders
Netherlands/Holland >> 4/15/2024 - A European infrastructure for carbon capture and storage is underway. Today, arrangements between Denmark, Norway, Belgium, the Netherlands, and Sweden allow cross-border transport and geological stor...
Banle Energy Supports Yang Ming’s inaugural B24 Biofuel Bunkering in Yantian
Hong Kong >> 4/15/2024 - Banle Energy International Limited, a subsidiary of the Banle Group (NASDAQ: BANL), a reputable marine fuel logistic company in the Asia Pacific region, in collaboration with PetroChina Fuel Oil Co. L...
Flex LNG - Time Charter for Flex Endeavour Extended to 2032
Bermuda >> 4/12/2024 - Flex LNG, Ltd. ("Flex LNG") (OSE/NYSE: FLNG) is pleased to announce that the charterer of Flex Endeavour has exercised an option to extend the firm period of the Time Charter by 500 days, from the thi...

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