USD 48 billion at risk of being written off as gas tanker orders soar by 300% in five years, new res…
LONDON/HAMBURG: USD 48 billion invested in LNG carriers could be written off by 2035 as they will be in oversupply in a 1.5°C climate scenario with declining fossil energy use, according to new research
India’s Nayara Energy raises fuel supply to HPCL after EU sanctions
NEW DELHI : India’s Nayara Energy has raised fuel sales to state retailer Hindustan Petroleum Corp (HPCL.NS), opens new tab after the Russia-backed refiner’s exports were hit by European Union sanctions, a government source
GCMD’s Project LOTUS confirms long-term operational feasibility of B24 biofuel blend in vessels
SINGAPORE: The Global Centre for Maritime Decarbonisation (GCMD) today released its Project LOTUS (Long-term impact of continuous use of biofuels on vessel operations) report. Launched in partnership with NYK Line on 9 May 2024,
World Shipping Council deploys AI in fight against misdeclared cargoes
LONDON : The World Shipping Council (WSC) has unveiled its new Cargo Safety Program, aimed at tackling the critical issue of misdeclared and undeclared dangerous goods. Utilizing advanced artificial intelligence, this initiative seeks to
Lloyd’s Register launches Biofuel Advisory service to help accelerate shipping’s decarbonisation
LONDON: Lloyd’s Register (LR) has launched its new Biofuel Advisory service at London International Shipping Week to help shipowners, fuel suppliers and producers adopt biofuels safely and at scale. Biofuels are emerging as one
Sanctioned vessel with Russian oil switches Indian port after Adani ban, data shows
NEW DELHI : Sanctioned vessel Noble Walker carrying Russian oil has changed course to India’s Vadinar Port after the country’s Adani Group banned entry of blacklisted ships at its Mundra Port, ship tracking data
Transporters announce Indefinite Strike at Kandla and Mundra Ports from September 12
GANDHIDHAM: Trade operations at two of India’s busiest ports, Kandla and Mundra, are set to come to a standstill as transporters in the region announced an indefinite strike starting September 12, according to a
Shell and Hapag-Lloyd sign multi-year liquefied biomethane deal
HAMBURG: Hapag-Lloyd and Shell Western LNG B.V. (Shell) have signed a multi-year agreement for the supply of liquefied biomethane starting with immediate effect. The agreement builds on a strategic collaboration established in 2023 to