Crude oil consumption increased by 4.6% in FY24: PPAC

India’s total consumption of crude oil or petroleum products rose 4.6 pent in fiscal 2023-24 (FY24) to 233.3 million metric tonne (MMT), while domestic production of crude oil rose marginally at 0.6 per cent. The domestic crude oil production was almost unchanged at 29.4 MMT in 2023-24, compared to 29.2 MMT in the year-ago period.

ABS releases technical and operational advisory on methanol bunkering

ABS has released technical and operational advisory on using on methanol as a marine fuel. The new advisory provides the maritime industry with insight into the challenges of bunkering methanol and strategies to address them. The publication provides guidance regarding the technical and operational challenges of the supplier to the receiving vessel including critical design

Carras Aquataurus becomes world’s first vessel to earn ABS biofuel-1 notation

Carras (Hellas) S.A. is taking the next step in its sustainability journey by receiving the ABS Biofuel-1 notation for its Aquataurus ultramax bulk carrier, the first vessel in the world to qualify. The notation is assigned to vessels that use a biofuel blend of up to and including 30 percent biofuel in compliance with IMO

Hapag Lloyd signs agreement with Seaspan Corp

Hapag Lloyd’s brand continues to appear on the radar of green shipping developments following last week’s announcement that Zemba (Zero Emission Maritime Buyers Alliance) has awarded the Hamburg carrier a zero-emission contract. In the latest decarbonisation drive involving Hapag Lloyd (HL) has signed an agreement with vessel owner Seaspan Corporation to retrofit five 10 100-TEU charter

IBIA collaborates with BIMCO on fuel and maritime challenges

IBIA – The International Bunker Industry Association and BIMCO have signed a Memorandum of Understanding (MoU) to collaborate on some of the monumental challenges and opportunities within the areas of bunker, marine energy and maritime sectors and help facilitate shipping’s decarbonisation efforts. The parties have agreed to leverage their respective expertise and resources to develop

BHP to receive first ammonia-fuelled bulk carrier in 2026

BHP Group is planning to receive its first ammonia-fuelled bulk carrier in 2026 as part of the company’s plans to cut shipping emissions. The global mining giant has shortlisted eight companies for the building, operation and fuel supply for at least one such vessel, Rashpal Singh Bhatti, vice president of maritime and supply chain excellence at

Marine fuel oil exports from China plunge 32%

China’s exports of marine fuel oil fell 32 percent in March 2024 from the same month a year earlier, reaching 1.32 million metric tons, according to recent data from the General Administration of Customs. Industry sources attributed the stronger export volumes to lower bunker prices at key Chinese ports like Zhoushan and Shanghai, compared to

IBA partners with HAI to promote hydrogen

The Indian Biogas Association (IBA) and the Hydrogen Association of India (HAI) have forged an alliance to champion hydrogen as a bio-derived energy solution in the country’s energy sector. Their collaboration aims to propel the adoption of green and blue hydrogen, prioritizing sustainable energy projects and advocating for supportive policies. Anticipated to spur substantial market expansion, the partnership is poised to catalyze the

Wärtsilä cargo handling and fuel gas supply systems selected

Wärtsilä Gas Solutions, part of technology group Wärtsilä, will supply cargo handling and fuel supply systems for three new large sized ethane gas carrier (VLEC) vessels. The ships are being built at the HD Hyundai Heavy Industries (HHI) yard in Korea for owner Purus. The order, which was booked by Wärtsilä in Q1 2024, further

Undergraduates develop hydrogen-powered engine

A group of undergraduate students has built and successfully operated a hydrogen-fueled internal combustion engine. Engineering students at the University of Bath switched on their single-cylinder engine for the first time in March, and it worked seamlessly. Their work stands out because despite significant efforts by major automotive manufacturers to advance the technology, hydrogen-powered internal