ONE and Freightliner adopt HVO fuel to power rail cargo journeys in UK
LONDON : Following a successful 6-month pilot, Ocean Network Express (ONE) UK in partnership with Freightliner will extend their commitment to use Hydrotreated Vegetable Oil (HVO)100 fuel for all cargo transportation via rail. A 100% renewable
Charter owners’ share of fleet has fallen to 40%, lowest since 2002 : BIMCO
LONDON : The charter owners’ container fleet has grown at an average annual rate of 3.2% for the past twelve years and currently stands at 11.7m TEU. The operator owners’ fleet has however grown
Petroleum products exports up 3.3% in May
NEW DELHI : After registering a drop of over 11% in April, India’s export of refined oil products regained momentum and rose marginally last month as the demand increased. The country exported 1.24 million
ClassNK releases ‘Guidelines for Ships Using Alternative Fuels (Edition 3.0)’
TOKYO : ClassNK has released the ‘Guidelines for Ships Using Alternative Fuels (Edition 3.0)’. In addition to safety requirements for ships using methanol, ethanol, LPG, and ammonia as fuel, this edition newly adds requirements
India’s use of crude tankers to export diesel slows in May
NEW DELHI : Indian refiners’ use of crude oil vessels to ship refined fuels such as diesel to key European markets has diminished in May after volumes neared two-year high levels last month, trade
Petronet LNG Q4 PAT rises 24% YoY to Rs 734 cr
NEW DELHI : The LNG(liquefied natural gas) importer’s consolidated net profit jumped 24.16% to Rs 734.07 crore in Q4 FY24 as compared with Rs 591.24 crore reported in Q4 FY23. During the quarter, revenue
Lower crude oil prices likely to tilt Indian imports towards Iraq and UAE
NEW DELHI : Industry sources have said that crude oil purchases in the first quarter (April-June) of 2024-25 would remain tilted towards Russia if Brent crude prices remain above $81 per barrel, officials at
India saved $25 billion by importing Russian crude oil : Ministry data
NEW DELHI : Russian crude supplies and lower international oil prices helped India to save over $25 billion worth of foreign exchange in the year ended March 31 compared to 2022-23, although it imported