China, EU are top buyers of Russian fossil fuel; India’s share at 16.26%
NEW DELHI : Russia’s cumulative earnings from exporting fossil fuels since the war in Ukraine (February 24, 2022) surpassed $1 trillion at the beginning of the 2026 calendar year. China and the European Union
Rs. 22 lakh crore fuel import bill unsustainable; India must bet on EVs, ethanol and hydrogen: Nitin Gadkari
GURUGRAM: The Hon’ble Union Minister for Road Transport and Highways, Nitin Gadkari, said India’s continued dependence on fossil fuel imports, currently estimated at around Rs. 22 lakh crore annually – is economically unsustainable, and
Asian oil floating storage seen declining on lower exports
SINGAPORE : The volume of oil stored on board ships in Asian waters, which has tripled since September to a three-year high, is poised to decline as producers of sanctioned oil slow exports and
ClassNK issues Approval in Principle (AiP) for Multiple Alternative Fuels Ready (Ammonia/Methanol/LNG) and OCCS Ready Bulk Carrier by Oshima Shipbuilding
TOKYO: ClassNK has issued approval in principle (AiP) for a concept design of the Multiple Alternative Fuels Ready (Ammonia/Methanol/LNG) and OCCS Ready Bulk Carrier developed by Oshima Shipbuilding Co., Ltd. The certification confirms the
Green Hydrogen Pilot Project at Chidambaranar Port
NEW DELHI: The objective of the Green Hydrogen Pilot Project at VoC Port is to create a bunkering facility for Green Hydrogen or its derivatives to support the phased development of Green Fuel utilization
BIMCO adopts FuelEU Maritime and ETS clauses for the sale and purchase of ships
LONDON: The Documentary Committee of BIMCO has adopted a FuelEU Maritime Clause and an ETS Clause for incorporation into Memoranda of Agreements (MoAs) for the sale and purchase of ships. The FuelEU Maritime Regulation
Lloyd’s Register, EXMAR and the Belgian Federal Public Service for Mobility and Transport join forces to help develop new guidelines for ammonia cargo as fuel
The Interim Guidelines represent a significant step towards the safe and practical use of ammonia as a zero-carbon marine fuel. LONDON: Lloyd’s Register (LR), EXMAR and the Belgian Federal Public Service (FPS) for Mobility
Ship rates spiking 467% marks upended trade across commodities
LONDON: Rates to ship commodities from energy to bulk ores across the world’s oceans are heading for a rare year-end surge as conflicts, sanctions, and swelling output upend global supply lines. Daily earnings to