MoU

DNV and Seatrium team up for marine and offshore innovation and development

Both parties will work closely on optimizing existing processes and improving efficiencies across newbuilding, conversion and retrofit projects.

Published

2 years ago

November 25, 2024

Admin

DNV and Seatrium team up for marine and offshore innovation and development

Classification society DNV on Monday (18 November) said it signed a Memorandum of Understanding (MoU) with Singapore-headquartered engineering solutions provider Seatrium to cooperate on strategic activities and projects in the areas of engineering, technology and new product design.

Under the MoU, DNV will provide Seatrium with expert advice on market and regulatory trends, emerging technologies, and best practices for environmental, safety and quality standards, in the maritime and offshore sectors. Both parties will work closely on optimizing existing processes and improving efficiencies across newbuilding, conversion and retrofit projects.

Collaboration opportunities with other organizations and institutes will also be explored to advance technologies that tackle key challenges in the marine and offshore sectors.

Additionally, the cooperation will leverage DNV and Seatrium’s combined capabilities to drive and support technological and digital advancements in the marine and offshore industries. Key focus areas include floating offshore wind turbines, hydrogen and ammonia production platforms, and next-generation Floating Production Storage and Offloading (FPSO) units. The collaboration will also draw on DNV’s expertise in the integration of advanced cyber security and digital solutions into Seatrium’s suite of digital services.

Remi Eriksen, Group President and CEO of DNV, said: “This agreement with Seatrium marks an important step in building marine and offshore solutions for a more sustainable and resilient future. By combining our innovation and execution strengths into the decarbonization and digitalization space, we are well-positioned to deliver transformative solutions that can address challenges and opportunities across key industries.”

Chris Ong, CEO of Seatrium, said: “At Seatrium, we firmly believe that innovation is the cornerstone of a sustainable future for the marine and offshore industry. Our collaboration with DNV signifies a pivotal leap forward in harnessing state-of-the-art technologies and engineering solutions that not only address today’s energy challenges, but also lay a strong foundation for maritime decarbonization.”

“Leveraging our deep expertise in advanced engineering and project execution, Seatrium is committed to driving transformative change that enhances safety, quality and efficiency, as well as providing strategic stewardship towards a cleaner and greener energy future for our industry.”

Cristina Saenz de Santa Maria, Regional Manager South East Asia, Pacific & India, Maritime at DNV, added: “We are excited to strengthen our long-standing collaboration with Seatrium to drive sustainable advancements in the marine and offshore sectors.”

“Enhancing process efficiencies and harnessing digitalization are key enablers of the energy transition. By working together with Seatrium we can help the industry meet the rapidly evolving environmental, technological and regulatory challenges in its journey towards a decarbonized future.”

During the ceremony, DNV also awarded two Approval in Principle (AiP) certificates to Seatrium for two new floating offshore wind turbine designs, the FWSS (Floating Wind Semi-Submersible) and SWACH (Small Waterplane Area Cylindrical Hull).

The FWSS design is a floating column foundation for 15MW wind turbines, optimized for efficient fabrication and cost-effectiveness, while the SWACH design features a cylindrical floating foundation for 15MW turbines, engineered for ease of fabrication and handling.

With the floating offshore wind market set for significant growth over the coming years, these innovative designs are important in offering new floating wind solutions that can contribute to the advancement of the energy transition. The AiPs were awarded based on DNV’s recently updated DNV-RU-OU-0512 (Floating wind installations) offshore rules.

Photo credit: DNV
Published: 25 November, 2024

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Ammonia

Peninsula and ITOCHU establish ammonia bunkering joint venture for European ports

I&P Marine Ammonia has been created to promote the supply of ammonia as a next-generation zero carbon bunker fuel, with an initial focus on major strategic European and Mediterranean hubs.

Published

2 weeks ago

July 9, 2026

Admin

Peninsula and ITOCHU establish ammonia bunkering joint venture for European ports

Global marine energy supplier Peninsula on Wednesday (8 July) announced the establishment of I&P Marine Ammonia Ltd. (IPMA), a joint venture with ITOCHU Corporation, to accelerate the development of ammonia marine fuel bunkering across key European ports.

IPMA has been created to promote the supply of ammonia as a next-generation zero carbon marine fuel, with an initial focus on major strategic European and Mediterranean hubs. These locations represent critical regions in global maritime logistics and will play a central role in enabling the adoption of alternative fuels at scale.

The formation of IPMA builds directly on the Memorandum of Understanding (MoU) signed between Peninsula and ITOCHU in September 2023, which established a framework for the joint development of ammonia bunkering infrastructure and supply chains.

Manifold Times previously reported the European Commission (EC) approving the creation of a joint venture by ITOCHU and Peninsula under the EU Merger Regulation.

“Ammonia is widely seen as the most reasonable option among zero‑carbon marine fuel alternatives, supporting the shipping industry’s transition in line with increasingly stringent regulatory and environmental requirements,” Peninsula said.

“The creation of IPMA marks a significant step towards the commercialisation of ammonia as a marine fuel.”

Peninsula has been advancing the alternative fuels landscape, with established capabilities across LNG, Bio LNG, biofuels and other alternative solutions such as methanol and ammonia. This joint venture represents a natural progression of the company’s strategy to provide customers with practical, scalable decarbonisation pathways.

The partnership combines Peninsula’s global bunkering expertise, an established global supply network and deep customer relationships covering over 500 ports across all major bunkering hubs with ITOCHU’s integrated approach, spanning fuel production and supply chain development.

“Together, Itochu and Peninsula will combine these strengths to develop a robust ammonia bunkering framework, pairing upstream supply and infrastructure with the customer-facing expertise required to deliver ammonia as bunker fuel reliably at scale,” the company added.

With an initial focus on Europe, IPMA is well positioned to accelerate the emergence of an operational ammonia marine fuel supply chain, complementing and reinforcing the broader industry initiatives already underway across the region.

Photo credit: Peninsula
Published: 9 July, 2026

Bunker Fuel

AD Ports Group and IRH Global Trading to advance bunkering at Khalifa Port

Both signed a MoU, outlining potential collaboration in bunkering services to vessels calling at Khalifa Port and the development of alternative bunker fuels such as LNG, biofuels, and methanol.

Published

3 weeks ago

July 1, 2026

Admin

AD Ports Group and IRH Global Trading to advance bunkering at Khalifa Port

AD Ports Group on Tuesday (30 June) said it has signed a Memorandum of Understanding (MoU) with IRH Global Trading Ltd. to explore strategic cooperation in bunkering services and alternative marine fuels at Khalifa Port.

The MoU outlines potential collaboration across a range of areas, including the provision of bunkering services to vessels calling at Khalifa Port, the development of alternative fuel solutions such as Liquefied Natural Gas (LNG), biofuels, and methanol, and the exploration of opportunities related to fuel storage infrastructure, terminal facilities, and fuel sampling and testing capabilities.

Saif Al Mazrouei, CEO, Ports Cluster – AD Ports Group, said: “This collaboration reflects our commitment to forging strategic alliances that create long-term, sustainable value.

“By working alongside trusted partners such as IRH, we are enhancing our capabilities and supporting the development of future-ready infrastructure and services that reinforce the UAE’s position as a leading global trade and logistics hub, in line with the vision of our wise leadership.”

Ali Rashed Alrashdi, Group CEO – International Resources Holding, said: “This collaboration with AD Ports Group reflects IRH’s commitment to build strategic partnerships that drive real economic impact.

“As we continue to develop our global energy trading platform, bunkering and alternative marine fuels represent a high-potential area of growth. We see Khalifa Port as an ideal base from which to explore these opportunities, and we look forward to working closely with AD Ports Group to bring them to life.”

Through this collaboration, AD Ports Group and IRH Global Trading aim to further enhance Khalifa Port’s value proposition as a multi-purpose, deep-water port that supports efficient, sustainable, and future-oriented maritime operations.

IRH Global Trading is a global commodities trading firm with interests across the mining and energy value chain and plans to build a diversified global minerals and energy trading platform, including LNG, Liquefied Petroleum Gas (LPG), crude oil, and petroleum products.

Photo credit: AD Ports Group
Published: 1 July, 2026

Methanol

Agastya inks MoU with Andhra Pradesh to develop green methanol hub at Mulapeta Port

Project will establish a 1 MMTPA green methanol export-oriented unit on the East Coast of India, positioning Andhra Pradesh as a global hub for sustainable bunker fuels and green industrial products.

Published

1 month ago

June 11, 2026

Admin

Agastya inks MoU with Andhra Pradesh to develop green methanol hub at Mulapeta Port

India’s clean energy conglomerate Agastya Group recently said it has signed a strategic Memorandum of Understanding (MoU) with the Government of Andhra Pradesh for the development of Agastya’s green fuels hub at Mulapeta Port, Srikakulam District, Andhra Pradesh.

The project will establish a 1 million tonnes per annum (MMTPA) green methanol export-oriented unit (EOU) on the East Coast of India, positioning Andhra Pradesh as a global hub for sustainable marine fuels and green industrial products.

With an estimated investment of over ₹54,000 Crore (USD 6.5 billion), the Agastya Green Fuels Hub will integrate large-scale green hydrogen production, green methanol manufacturing, carbon capture, renewable energy, and port infrastructure.

“Strategically located in the Indian Ocean Region, the facility will serve key global markets including Japan, South Korea, Singapore, Europe, and other emerging green shipping corridors, supporting the decarbonization of international maritime transport and industrial sectors,” the firm said.

The company added that the project represents a transformational step toward making India a net exporter of RFBNO RED III compliant green methanol to the world.

Manifold Times previously reported Agastya Green Fuels signing a long-term green methanol offtake agreement with Sri Lankan bunker supplier SAR Maritime Agencies, a SAR Group company, for the supply of 250,000 metric tonnes (mt) per annum of EU RFNBO RED III Compliant green methanol.

Photo credit: Agastya Group
Published: 11 June, 2026