Hanwha in talks for $1.2b LNG vessel deal with Hapag-Lloyd

Hanwha Ocean is reportedly nearing a $1.2 billion deal with German shipping company Hapag-Lloyd to supply six dual-fuel container carriers powered by liquefied natural gas (LNG). According to reports from Norway-based maritime news outlet TradeWinds and local media on Sunday, the deal is based on unfinalized orders placed by Hapag-Lloyd in 2021 with what was

Yara Clean Ammonia and NYK sign first ammonia-fueled gas carrier charter

Yara Clean Ammonia, the world’s largest ammonia distributor, signed a time-charter contract with Nippon Yusen Kabushiki Kaisha (NYK) for an ammonia-fueled medium gas carrier (AFMGC) to be delivered in November 2026. Since 2021, Yara Clean Ammonia and NYK have jointly studied the practical application of an ammonia-fueled ammonia gas carrier, and the companies have now

Hambantota International port expands bunkering with new HSFO facilities

Hambantota International Port (HIP) marked a significant milestone in January 2025, by successfully integrating High Sulphur Fuel Oil (HSFO) into its range of bunkering services. Now offering a complete suite of marine fuels, including Very Low Sulphur Fuel Oil (VLSFO) and Marine Gas Oil (MGO/MDO). This development strengthens Sri Lanka’s position in the global maritime

EV charging sector needs regulatory clarity: Report

Despite $450 million in investments over the past five years in startups focused on charging networks and battery swapping, India’s EV charging infrastructure lags behind global standards. There is just one public charger for every 135 EVs—far below the global average of 1 per 6–20 EVs. A GameChanger Law Advisors and Speciale Invest report highlights

Fuel demand in January rises 3.2% to 20.49 million tonnes

India’s January fuel consumption hit its lowest monthly level since October, but was up 3.2 per cent year-on-year at 20.49 million metric tonnes, according to oil ministry data. India is the world’s third-largest consumer and importer of oil. The data is a proxy for the country’s oil demand. On a monthly basis, January fuel demand was

Farmers in MP show interest in maize cultivation due to ethanol

Farmers in Jujharpur are increasingly turning to maize cultivation, driven by stable and higher prices, experts said at a farmer outreach event in the region. The growing demand for maize is largely attributed to its use in ethanol production, which has kept prices favorable. The importance of maize has increased in recent times, as it

Partnership working to create methanol fuel cells for cruise ships

Meyer Werft, the German Aerospace Center, and Freudenberg Fuel Cell e-Power Systems have launched a collaboration with the aim of developing proton exchange membrane (PEM) fuel cell systems for use in marine propulsion. The Zero4cruise project will focus on the use of methanol with the PEM fuel cells, allowing the technology to be used to

Hydrogen train troubles in Germany: Alstom iLINT fleet undergoes overhaul

Germany has more hydrogen-powered trains in use than any other country, but regular operation has been hit by snags leading to the temporary replacement of the largest fleet by older diesel trains. In mid-December 2024, train manufacturer Alstom —first to build hydrogen-powered passenger trains with its iLINT design, launched in 2014 at the InnoTrans trade

India allocates $647 mn for strategic oil reserves

India has allocated 55.97 billion rupees ($646.78 million) to purchase oil for its strategic petroleum reserves (SPRs) for the fiscal years 2025-26, amid global supply uncertainties. The Indian Strategic Petroleum Reserve Ltd (ISPRL), which manages the federal oil inventories, currently operates three SPRs in southern India with a combined capacity of approximately 5 million tons.

Baidyanath Biofuels, ADVANTA Seeds work together to promote ethanol production

Advanta Seeds, a UPL group company, and Baidyanath Biofuels Private Ltd, both renowned for their expertise in their respective fields, are set to revolutionise India’s renewable energy sector with their strategic partnership. Advanta Seeds and Baidyanath Biofuels Private Ltd are fully committed to India’s National Biofuels Policy goal of achieving 20 per cent ethanol blending