Oldendorff to use Norsepower’s rotor sails on vessel

German bulk carrier company Oldendorff has become the latest ship operator to embrace a resurgence in wind propulsion technology with a contract with Norsepower to fit three rotor sails to one of its vessels. Oldendorff will fit the 24m x 4m rotors to the Dietrich Oldendorff to create fuel savings and reduce emissions by assisting

Wärtsilä to deliver ammonia fuel system for two EXMAR carriers

Wärtsilä Gas Solutions, part of technology group Wärtsilä, will deliver the fuel supply system for two new gas carriers that will operate with ammonia fuel. The ships are being built at the Hyundai Mipo Dockyards (HMD) in Korea for ship owner EXMAR LPG, a joint venture between Exmar, a multi-disciplinary maritime and offshore solutions provider,

EU considering 90% GHG emissions cut by 2040

The European Commission presented policy documents confirming its preference for a 90% net greenhouse gas (GHG) emissions reduction by 2040 for the bloc, compared with 1990 levels. Excluding emissions from agriculture and forestry sectors, the commission calculates that net GHG cuts of 90pc would leave remaining EU GHG emissions in 2040 of under 850mn t/CO2

India will become largest source of global oil demand growth, says IEA

India will in seven years become the largest source of global oil demand growth as its domestic production shrinks 22 per cent, said the International Energy Agency (IEA) in the latest report titled ‘Indian Oil Market Outlook to 2030’. It further added that while growth in developed economies and China initially slows and then subsequently

NITI Aayog report bats for incentives to promote LNG

Government think tank NITI Aayog has pitched for providing fiscal and non-fiscal incentives to promote liquified natural gas (LNG) as a transportation fuel in medium and heavy commercial vehicles. In a report titled LNG as a Transportation Fuel in Medium and Heavy Commercial Vehicle’, the Aayog said the government’s think-tank suggested setting up a demand

Shell kicks off sale process of Sprng Energy

Global energy major Shell Plc has kicked off the sale process for its Indian renewable energy unit Sprng Energy and has started reaching out to prospective buyers for the portfolio, which could fetch an enterprise value of $1.6-1.8 billion, two sources aware of the development told Moneycontrol. Shell acquired the Sprng Energy platform from infrastructure

Essar Group unveils blueprint for green economy

Essar will invest $3.6 billion to build one of the world’s largest low-carbon (blue hydrogen) plants and the world’s first green refinery, he said without giving further details. Diversified conglomerate Essar Group will invest billions of dollars in setting up a green hydrogen plant, the world’s first green refinery, and building an LNG and electric

Aquator Marine, Centtrip announce strategic partnership to revolutionize yachting

Aquator Marine, a leading provider of yacht management solutions, and Centtrip, a pioneer in redefining yachting finances, are excited to announce a landmark partnership. This collaboration is set to bring unparalleled financial and operational efficiency to the yachting industry. Aquator Marine, headquartered in Singapore, has been at the forefront of delivering comprehensive yacht management software

EST-Floattech delivers octopus series energy storage solution

EST-Floattech, a leading provider of maritime energy storage solutions, announces the successful delivery and commissioning of the Octopus Series battery system on the SFK Ferry Laboe. The ferry was recently successfully delivered to Schlepp- und Fährgesellschaft Kiel (SFK) by Holland Shipyards Group. It is the 6 th ferry in a series of 7 ferries with

TERI to launch green-shipping portal

During the World Sustainable Development Summit in New Delhi, The Energy and Resources Institute (TERI) will launch a green-shipping portal to track practices by ports across the country and collate all information available at national and international levels for ports and shipping practices. At the summit, which will take place in New Delhi from 7-9