May 12, 2026
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14 methanol-powered ships ordered in October

November 6, 2023 International Shipping, Fuel, Maritime, Ship Breaking, Trending News
HAMBURG : A total of 14 orders for methanol-powered ships were recorded in October as demand for alternative fuels in the maritime industry continues to rise in line with the ever-stringent regulatory landscape, data from

NYK commences conversion to Ammonia Fuel for Pioneering Tugboat

November 1, 2023 International Shipping, Fuel, LNG, Shipping Line, Trending News
Commencing modification to sail the World’s first ammonia-fueled vessel TOKYO : NYK has commenced conversion of the liquefied natural gas (LNG) fueled tugboat Sakigake to an ammonia-fueled tugboat at the Oppama factory of Keihin

India, Japan and South Korea should work together to protect shipping

October 31, 2023 EXPORT, Fuel, Global Trade, Maritime, Shipping, Trending News
TOKYO : The outbreak of warfare between Israel and Hamas is bringing reminders to Asian economies about their continued reliance on energy imports from the Middle East. In 2018, 76% of crude oil traveling

India’s imports of Saudi oil in September slump to a multi-year low

October 27, 2023 Fuel, Global Trade, Import, Trending News
NEW DELHI : India’s reliance on imported crude in the April-September period of the current financial year ending March rose to 87.8 per cent from 86.5 per cent in the corresponding period last year

India needs to reduce cost of fuel to boost inland waterways : Nitin Gadkari

October 21, 2023 Fuel, Logistics, Transport, Trending News
NEW DELHI : India needs to work towards reducing the cost of fuel to boost inland water transport within the country, MoRTH Shri Nitin Gadkari said recently. Addressing the third edition of the Global

Oil prices jump on concerns over Middle East supply disruptions

October 10, 2023 Fuel, Trade, Trending News
LONDON : Oil prices jumped by 4 per cent on Monday on concerns that the situation in Israel and Gaza could disrupt output from the Middle East.The West Texas Intermediate (WTI), the benchmark for

VOC Port in Tamil Nadu creates history with India’s first Green Ammonia import, to promote ‘Fuel Of Future’

September 26, 2023 Maritime, Fuel, Import, Ports, Trending News
TUTICORIN : The V O Chidambaranar (VOC) Port, located in Tamil Nadu has made history by becoming the first port in India to handle green ammonia. V O Chidambaranar Port Authority, a state-owned entity

Political instability is a “Risk Multiplier” which is putting a successful green energy transition in maritime in jeopardy ICS report shows

May 18, 2023 Fuel, Infrastructure, International Shipping, Maritime, Trending News
LONDON : The International Chamber of Shipping (ICS) Maritime Barometer Report 2022-2023 – published on Tuesday, 16th May, 2023 – reveals that uncertainty over fuel availability and infrastructure puts at risk ambitions to meet

India-Russia Ties : After S-400 Shipments, Russia could now suspend Oil Exports to India

May 8, 2023 Fuel, Business, COMMERCE, Economy, Import, Trade, Trending News
GOA : Russian foreign minister Sergei Lavrov, while answering a reporter’s question during his press conference in Goa on Friday, May 5, 2023, bluntly implied that in its dealings with Russia, India wants to

DNV forecasts oil demand in transport sector to half by 2050

May 8, 2023 Fuel, Logistics, Maritime, Transport, Trending News
OSLO : Electricity is continuing to gain traction in previously thought to be hard-to-electrify sectors including heavy trucking and aviation. Electricity’s share in transport will grow from 1% today to 23% in 2050, according
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