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YM EFFICIENCY Owner, Manager, Shipyard
Yang Ming Marine Transport Corp.
Eastaway, a subsidiary of Singapore-based X-Press Feeders Group, has ordered eight dual-fuel, methanol-powered containerships.The order, which was reportedly placed with Chinese shipyards, includes options for additional ships. The first of the new 1,170 TEU vessels will be delivered in late 2023, and all ships are scheduled to be operational by the end of 2024. .X-Press Feeders said it will operate the ships in its Europe and America trade routes.The new containerships have been designed by naval architects TECHNOLOG Servies GmbH. Each will be outfitted with dual-fuel engines capable of operating on regular bunker fuel or green methanol.
Naval architecture firm LMG Marin has secured a contract to design a zero-emissions tanker for Grieg Edge, the dedicated innovation unit of the Grieg Maritime Group. The vessel is said to be the world’s first green ammonia-fueled tanker, according to the Norway-based designer, a wholly-owned subsidiary of Singapore-headquartered Sembcorp Marine.The new ship, to be named Green Ammonia, will transport and distribute green ammonia fuel from a production facility in Berlevåg, Norway, to Svalbard, a Norwegian archipelago between mainland Norway and the North Pole from 2024, replacing coal-fired power.
The world's first liquefied hydrogen carrier could leave Japan for Australia to pick up its first cargo of hydrogen late this month though the return date has yet to be set due to COVID-19, Japan's Kawasaki Heavy Industries Ltd said on Friday.The A$500 million ($353 million) pilot project, led by Kawasaki and backed by the Japanese and Australian governments, was originally scheduled to ship its first cargo of hydrogen extracted from brown coal in Australia in spring. It was delayed to the second half of Kawasaki's financial year in October to March due to the COVID-19 pandemic.
Windfall revenues from high European gas prices mean Russia's Gazprom will not start pumping gas through the Nord Stream 2 pipeline before certification and it will not press Germany to speed up the process, two sources said.Pumping gas without the German approval would only incur a modest fine, but as Germany gets new political leadership and Russia's ties with the West are severely strained, a source at Gazprom said it was content to wait."We don't want to seek faster approval for the pipeline. Now it's Germany that is in charge," the source said on condition of anonymity.
3i Infrastructure has agreed to acquire AMP Capital's stake in the Danish offshore vessel owner ESVAGT.The deal will result in 3i Infrastructure owning a 100% of the equity in ESVAGT. "This further investment is expected to be £268 million. Completion is subject to certain third party consents and is expected to take place in the first quarter of 2022," 3i Infrastructure said.Peter Lytzen, CEO of ESVAGT said: "ESVAGT has for a while been subject to a strategic sales process undertaken by our owners 3i and AMP. The process has now been concluded and 3i has decided to buy AMP’s 50% share so ESVAGT in the future will be fully owned by 3i," Esvagt said.