NEWS
Larvik Shipping Renews Long-Term Management Agreement with Nippon Gases for CO₂ Transport
12/11/2024
Larvik Shipping AS is pleased to announce the renewal of its long-term ship management agreement with Nippon Gases, part of Nippon Sanso Holdings Corporation. This renewal continues our long-term partnership dedicated to the specialized transport of liquefied CO₂.
TOKYO-Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto; Headquarters: Minato-ku, Tokyo) announced that it concluded a Memorandum of Understanding (MoU) with Petroliam Nasional Berhad (PETRONAS), the state-owned energy company of Malaysia, to study liquefied CO2 transportation required for carbon capture, utilization, and storage (CCUS) value chain.
Liquefied CO2 ocean transport plays a key role in the CCUS value chain as a means of effectively connecting collection sites with and storage or usage sites. CCUS is drawing attention as a technology to collect and store CO2 or use it effectively, and a step toward realizing a low-carbon society. MOL and LS want to expand the business upstream and downstream of the CCUS business value chain, including the study of increasing the size of the vessel.
As global economies evolve their energy systems to tackle climate change challenges, a broad spectrum of solutions is under active evaluation. Carbon capture, utilisation and storage (CCUS) is a powerful technological enabler on the path towards sustainable energy future that is acknowledged in European Green Deal
MOL is investing in Larvik Shipping. The combination of the expertise of the two companies will enable them to contribute to carbon dioxide capture utilization and storage (CCUS) projects around the world.
The vessel M/T Helle (Ex Carol Carbonic) was taken over by Nippon Gases on the 8th of November 2019.
Vessel will be integrated in Nippon Gases already existing fleet of CO2 carriers, M/T Helle have changed register to NIS and will sail under Norwegian flag and be classed by DNVGL.
– Vi har opplevd en fin stigning i godsmengden fra i fjor vinter. Starten ved forrige årsskiftet var tung med lite last utover bulklaster, men nå ser vi at dette fungerer godt og at vi får stadig mer gods om bord.
The autonomous ship YARA Birkeland
Skal utvikle konseptstudier for frakt av CO₂ med skip fra øst til vest.
“We’re very pleased to award contracts to Larvik Shipping and Brevik Engineering covering conceptual studies for transporting CO₂ by ship,” says Gassco CEO Frode Leversund.
Today we have signed a new management agreement for the vessel MV Hannah Kristina. For the coming years we will do the technical management and crewing for the vessel. Vessel will be registered in NOR and manned with 32 Norwegian sailors.
Gassco has commissioned Knutsen OAS Shipping and Larvik Shipping to study transport of CO2 by ship in connection with the Norwegian government’s full-scale project for managing this greenhouse gas.
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