PLAGEN will develop the green methanol in Asia with BFI

PLAGEN is promoting a clean methanol production project utilizing biomass waste with Indonesia’s BFI. On the 13th, the two companies signed a business agreement to supply raw materials and invest funds for the clean methanol production project at the KORINDO Group in Jakarta, Indonesia. The ceremony was attended by PLAGEN CEO John Kyung, Vice President

ICS, IBIA propose energy pooling compliance mechanism

The International Chamber of Shipping (ICS) and the International Bunker Industry Association (IBIA) have jointly submitted a proposal to the International Maritime Organization (IMO) for what they describe as a simplified global greenhouse gas (GHG) fuel standard. The 2023 IMO strategy for the reduction of GHG emissions from ships identifies the development and finalisation of

Diana Shipping to get onboard CCS system

Ballast water management system specialist Ecochlor has signed a letter of intent with Greek bulker owner Diana Shipping and carbon capture and storage specialist Sinotech for the installation of a scrubber and CCS system onboard Diana Shipping’s 2014-built, 179,492 dwt capesize dry bulk carrier G.P. Zafirakis. This system is designed to capture 25% of the

Purus Marine orders two ethane VLECs

UK-based owner Purus Marine has placed an order for two very large ethane carriers (VLECs) at HD Hyundai Heavy Industries in South Korea. The 98,000 cu m units will deliver in 2026 and 2027 for a price tag of $170m each, according to a regulatory filing by HD Korea Shipbuilding & Offshore Engineering, the shipbuilding

‘Finding sustainable fuel sources a top priority’

Finding non-fossil sustainable resources which could replace traditional fuels should be a priority objective because “we are approaching a climate tipping point,” President Droupadi Murmu said while addressing a conference organised by the Aeronautical Society of India (AeSI) to commemorate its 75th Anniversary. The President added that to reduce the carbon footprint, “we need to

World’s richest 1% emit as much carbon as poorest two-thirds

The richest one percent of the global population are responsible for the same amount of carbon emissions as the world’s poorest two-thirds, or five billion people, according to an analysis published by the nonprofit Oxfam International. While fighting the climate crisis is a shared challenge, not everyone is equally responsible and government policies must be

Evalend Shipping orders more LNG carriers

Greece’s Evalend Shipping has doubled its orderbook of liquified natural gas carriers with two more units at HD Hyundai Heavy Industries in South Korea. UK shipbroking giant Clarksons has named the Kriton Lendoudis-led diversified owner behind the $530m deal for 174,000 cu m ships expected to deliver in 2027 and 2028. The Athens-based company marked

Europe to act tough on ship discharges

Ships in European Union seas could face significant fines not only for oil spills, but also for sewage and garbage discharge, transport and tourism committee MEPs said. The committee voted to update EU rules on preventing pollution from ships in European seas and ensuring perpetrators face fines. It would ensure all international standards on preventing

Hydrogen fuel cells offer a viable zero-emissions solution

Around 90% of everything we consume is moved by sea and maritime transport is responsible for around three per cent of global CO₂ emissions. According to Siemens Energy, due to these revised IMO standards, thousands of container vessels, yachts, and ferry operators worldwide will need to replace their heavy fuel oil and diesel generator drive

Biofuel for energy security

One of the key aspects of India’s climate strategy is the pledge to achieve net-zero emissions by 2070. Given that energy production is a major contributor to greenhouse gas (GHG) emissions, focusing on cleaner and more sustainable energy sources is paramount. Fortunately, India is blessed with abundant biomass resources, positioning the country favourably for sustainable