• 2023 June 15 09:23

  MOL makes strategic investment in Ascension Clean Energy

  

  MOL Clean Energy, US, LLC (MCE), a 100 percent subsidiary of Mitsui O.S.K. Lines, Ltd. (MOL), and Clean Hydrogen Works, LLC (CHW) announced MCE as a Joint Venture shareholder in Ascension Clean Energy (ACE), a proposed world-scale, clean hydrogen-ammonia production and export facility in Ascension Parish, Louisiana. Other shareholders are CHW, Denbury Inc., a world-leading carbon solutions provider with more than two decades of successfully managing carbon dioxide (CO2), and Hafnia, one of the world’s leading oil product tanker owners and operators.
  
  Expected to produce 7.2 million metric tons of clean hydrogen-ammonia annually, ACE will help meet the rapidly emerging demand for affordable, secure, and low-carbon fuels and feedstock around the world. This clean energy will help decarbonize hard-to-abate sectors including power generation, bunker fuel, heavy transportation, steel processing and industrial applications.
  
  With a projected investment of $7.5 billion, ACE is expected to generate approximately 1,500 construction jobs over five years and 350 permanent, full-time jobs with an annual average wage of more than $116,000, once fully operational. ACE is expected to create an additional 626 jobs in Ascension Parish, along with nearly $2.2 billion in new sales in firms across Louisiana.

  Project majority shareholder, Clean Hydrogen Works (CHW), is a sustainability-focused, commercially oriented project developer with extensive experience in developing integrated energy value chains. Established in early 2021, CHW is led by an experienced team of project executives from leading global energy companies.

  Mitsui O.S.K. Lines (MOL) is a leading global shipping company operating approximately 800 ships across the world and is headquartered in Japan. MOL develops social infrastructure businesses centered on ocean shipping, with technologies and services to meet ever-changing social needs including environmental protection. The MOL fleet includes dry bulk ships, liquefied natural gas (LNG) carriers, car carriers, and tankers.

---

2024 November 4

17:27	Hapag-Lloyd christens the “Hamburg Express” in the Port of Hamburg
15:52	Paradip Port to be fully mechanised by 2030
14:13	Autonomous vessel to sail 1,500 km from Mumbai to Tuticorin
13:48	DPA Kandla in a plan for new container terminal and multipurpose berth with ₹27,000 crore investment
12:18	China's 41st Antarctic expedition begins
10:34	10 years old Meyer Turku aims for carbon-neutral shipbuilding
09:41	Port of Vancouver vessel traffic management system enhances marine safety and trade efficiency throughout Burrard Inlet

2024 November 3

15:57	Babcock completes deep maintenance of Lambeth River Station
14:09	Fincantieri and BQ Solutions sign MoU to advance naval education and training in Qatar 31 October 2024
12:51	Rolls-Royce develops new mtu energy and automation solutions for future submarines
10:19	Cepsa changes its name to Moeve
09:46	Singapore says no oil sightings arising from oil-related incidents

2024 November 2

18:06	Singapore’s first fully electric cargo vessel wins Green Ship Award at SRS Forum
17:20	VTTI looks to buy into LNG terminals in Asia
16:48	Hudong-Zhonghua Shipbuilding signs contracts for 12 large container ships in the past 10 days
16:32	CHIMBUSCO secures its first LNG refueling service in Europe
15:46	SLB OneSubsea awarded subsea boosting contract for bp’s Kaskida project in Gulf of Mexico
15:24	Wilson Sons to start construction of three new eco-friendly tugboats in 2025
14:57	Rem Offshore holds keel laying ceremony for REM Pioneer
12:30	World's first conversion of large container ship to run on methanol successfully completed
11:52	New offshore platform taps into potential of heavy-oil reserves in China
11:24	HRDD completes desulphurization tower system conversion for a PCTC
09:48	TOWT launches its first cargo sailing ship in Le Havre

2024 November 1

18:00	Marlink to deploy Sealink NextGen hybrid solution on 26 tankers for Transpetro
17:38	Austal Australia delivers 8th Evolved Cape-class Patrol Boat to Royal Australian Navy
17:23	Acteon and Applied Fiber enter MoU to collaborate on mooring solutions
16:54	KOTUG International and Maritalia S.A. secure major marine services contract for bp’s Greater Tortue Ahmeyim gas project
16:24	BW LPG takes delivery of vessel BW Chinook from Avance Gas
15:44	HD Hyundai may nearly double shipbuilding capacity in Vietnam
15:24	Samsung Heavy Industries secures $390 mln contract for four Suezmax tankers
14:36	EU imposes duties on unfairly subsidised electric vehicles from China
14:23	Port of Montreal workers at two terminals start new strike
13:41	Chinese ports container volume rises 7.7 % from January to September of 2024
13:22	MOL, COSCO Co-host 6th Shanghai International LNG Shipping Forum
12:43	Global schedule reliability drops to 51.4% in September 2024
12:22	GTT secures technical services contract with Maran Tankers for eight LNG Dual-Fuel Suezmax vessels
11:45	MSC inks up $2.1bn container ship at the reborn shipyard Rongsheng Heavy Industries
11:28	China's first 'smart factory' for offshore oil, gas equipment fully operational
10:43	Yanmar completes land-based demonstration testing of a hydrogen engine for power generation in coastal vessels
10:23	Samsung Heavy wins W358 bln LNG ship order in Asia
09:58	EU greenhouse gas emissions fell by over 8% in 2023

2024 October 31

18:00	MAN receives multiple orders for MAN B&W G95ME-LGIM Mk 10.5 methanol engines to power a series of VLCV
17:23	The Marechal Duque de Caxias platform ship starts producing in the pre-salt layer
17:06	IWS Seawalker CSOV makes it 1000 ship designs from Kongsberg Maritime
16:45	“K” Line Wind Service and Japan Marine United sign agreement for Phase 2 of NEDO’s Green Innovation Fund Project
16:04	Wärtsilä introduces its innovative NextDF feature for the Wärtsilä 25DF dual-fuel engine
15:45	MOL plans to change charter contract for vessels related to Russia business
15:44	MABUX: Bunker price trends in the world's four largest hubs, Oct 8 - Nov 1, 2024
15:23	HHLA raises expectations for fiscal year 2024
14:59	Major fire extinguished at UK nuclear submarine yard
14:16	AD Ports Group and Somali Ministry of Fisheries & Blue Economy sign MoU for maritime sector development
13:44	Maersk reports Q3 results
12:43	UECC orders four advanced multi-fuel battery hybrid pure car and truck carriers from China Merchants Jinling Shipyard Nanjing
11:39	Japanese сonsortium produces design concept for eco-friendly VLCC
11:12	TMC Compressors bags contract to supply four LNG carriers
10:46	Panama Canal operating costs down 5% in FY2024
09:29	HIF Global and Antarctica21 promote sustainable tourism with e-Fuels

2024 October 30

18:00	East Java Multipurpose Terminal partners with Sinarmas LDA Usaha Pelabuhan
17:22	Container traffic at Iranian ports up 5% in the first half of the current Iranian calendar year
17:06	CIMC SOE delivers second 7,600 cbm LNG bunkering vessel to Seaspan Energy
16:42	Klaveness Combination Carriers makes first move into wind with bound4blue eSAIL system on CABU III newbuild
16:23	Transport workers' strike in Argentina to affect port operations
15:59	South Korea's seaport container cargo up 3.5 pct in Q3
15:46	Stena Line marks significant milestones in build of NewMax ships, Stena Futura and Stena Connecta
14:55	DNV and LR grant AiP to HD Hyundai Heavy Industries for ammonia duel-fuel large container vessel
14:45	Jiaxing Port adds a new sea-river intermodal operation area
13:32	Maersk signs long-term methanol sourcing deal
13:08	MOL and Pyxis sign Collaboration Agreement for development and market expansion of electric vessels in Singapore and Japan
12:40	AD Ports Group and the General Department of Vietnam Customs sign MoU
12:21	TE H2, CIP, and A.P. Møller Capital Partner for a large-scale project in the Kingdom of Morocco