Evergreen joins forces with CIP to explore hydrogen shipping fuels

To this end, Evergreen and CIP, on behalf of its Energy Transition Fund, have signed a memorandum of understanding (MoU) under which they will jointly explore the production and usage of carbon-neutral e-fuels. The cooperation will have several aspects including the production of e-fuels in Taiwan based on offshore wind, but also the exploration of

Regulatory structures needed for solar energy push

Among other challenges is the concentration of manufacturing in one or two countries which needs to be made more diversified geographically. Solar energy has the edge among other renewable energy options and is much more reliable, Power Minister R.K. Singh said on Wednesday. Addressing the 6th assembly of International Solar Alliance (ISA) here, the minister

Ethanol blending falls to 11.72% in August

The percentage of ethanol blended with petrol by oil marketing companies (OMCs) fell to 11.72 per cent in August this year from 11.77 per cent in July, due to unavailability of feedstock such as rice. The Ministry of Petroleum and Natural Gas (MoPNG) attributed the decline in blending to the discontinuation of rice supply by

Deutsche Bank reveals new emissions targets for shipping

Deutsche Bank has announced emissions reduction targets for loans to clients in the shipping, coal mining, and cement sectors with 55% of the bank’s loans now covered with a net zero plan. Deutsche Bank today published its initial Transition Plan and consolidates its path to net zero by 2050. This Plan focuses on the bank’s

Operational efficiency takes centre stage at Global Maritime Forum’s AGM in Athens

The Global Maritime Forum, a not-for-profit organisation working to create a decarbonised shipping industry, has identified five key action areas to improve the operational efficiency of vessels with 30 top names in maritime, attending the association’s AGM in Athens, committing to adopt these measures. The five actions cover: data collection and transparency; contractual changes; pilot

MOL makes significant stride in developing hydrogen-powered ships

Japanese shipowner Mitsui OSK Lines (MOL), along with yards Onomichi Dockyard, Kawasaki Heavy Industries and Japan Engine Corporation (J-ENG) have conducted a risk assessment of a multipurpose vessel powered by hydrogen, which has been granted approval in principle (AiP) for the ship’s parcel layout concept from Nippon Kaiji Kyokai (ClassNK). This marks the world’s first

See green hydrogen as a path to the future: Hardeep Puri

Union Minister of Petroleum and Natural Gas Hardeep Puri sees green hydrogen as a path to the future. Puri was speaking at a panel discussion at the US India Business Council meeting in New Delhi. “I am wedded to the movement away from fossil fuels, and see green hydrogen as a path to the future.

National carbon trading system to cover 15% of emissions

India’s national emissions trading system should begin operating within two years and could cover about 15% of the country’s emissions by 2030, according to an official involved in the preparations.  The market is likely to initially cover heavily polluting industries including steel, cement, paper and pulp, petrochemicals and aluminum, subject to their readiness, said Abhay

30% of ports worldwide unprepared for incoming IMO legislation

A new study suggests nearly a third of ports worldwide are unprepared to adopt the International Maritime Organization’s (IMO) maritime single window (MSW) mandate which becomes compulsory on January 1 next year. As from the start of 2024 every port is now mandated to have a single window system for digital information exchange between stakeholders

New report warns clock is ticking for shipping’s zero-emission fuels target

A new report has revealed that while it is possible for scalable zero-emission fuels to make up 5% of international shipping fuels by 2030 – shipping’s breakthrough target – the window of opportunity will close soon, and rapid action is required from the industry. The report named “Climate Action in Shipping, Progress towards Shipping’s 2030