Energy major, Aramco, has signed definitive agreements to acquire a strategic minority stake in MidOcean Energy - an LNG company formed and managed by investment company EIG, for $500 million. Aramco has the option to increase its shareholding and...

Two of the world’s largest container lines – Maersk and CMA CGM – have decided to work together on decarbonisation of shipping.

Global operator of product and chemical tankers, Hafnia, has ordered four methanol-fuelled tankers– marking its first investment and step into the dual-fuel methanol landscape, further enhancing its values and ambitions towards a greener future.

The world’s largest container line Mediterranean Shipping Company (MSC) has joined SEA-LNG which promotes the use of LNG as a fuel.

Carriers are outperforming their customers in the race to decarbonise supply chains, although neither group rated very high in Ship It Zero’s report card system, launched today.

Bio-LNG has now become available in almost 70 ports worldwide according to SEA-LNG.

Spending on new LNG carriers since the beginning of 2022 represents 27% of total newbuilding investment and more than any other sector including containerships.

The Chinese energy supplier China Gas, shipping company Wah Kwong Maritime Transport and leasing company CSSC (Hong Kong) Shipping jointly set up a new company to develop LNG-related business.

Cosco Shipping Energy Transportation plans to further enlarge its LNG carrier fleet through the construction of two new large-size LNG carriers.

Panos Mitrou, Lloyd’s Register’s top gas expert, believes that limits on capacity to build new LNG carriers could actually prove a constraint on the world’s energy transition.