Airbus to install new fuel-saving sails for maritime operations

Airbus will equip one of the vessels it uses to transport aircraft subassemblies, chartered from shipowner Louis Dreyfus Armateurs, with a wind-assisted propulsion technology that captures wind energy to generate thrust and, therefore, delivers savings in fuel consumption and CO2 emissions. The eSAIL, developed by the Spain-based firm bound4blue, creates as much as six to

PTP joins Malaysia-Australia decarbonization initiative

The Malaysian Port of Tanjung Pelepas (PTP), a joint venture between APM Terminals (30%) and the MMC Group, has been selected to join the Partnerships for Infrastructure (P4I) initiative, a government-to-government decarbonization scheme between Malaysia and Australia. The P4I project aims to spearhead Malaysia’s decarbonizing effort in the maritime industry and to foster inclusive growth

Saudi Aramco announces first global LNG deal

Saudi Aramco announced its first global investment in liquefied natural gas, part of a broader bid by the energy giant to expand beyond oil. The company seen as the jewel of the Saudi economy said it would acquire a minority stake worth $500 million in MidOcean Energy, which is managed by the US investment firm

1% SAF use to be mandatory from 2025: Gadkari

Union Minister for Road Transport and Highways Nitin Gadkari, during a press conference in New Delhi, said by 2025, there’ll be a mandate to use 1% sustainable aviation fuel, with plans to escalate to 5% blending in India in the future. Gadkari says he is a strong proponent of creating an “ethanol economy” and that

UNCTAD calls for bold global action to decarbonize shipping

The United Nations Conference on Trade and Development (UNCTAD) has called for a “just and equitable transition” to a decarbonized shipping industry in its Review of Maritime Transport 2023 launched ahead of World Maritime Day. The agency highlights the pressing need for cleaner fuels, digital solutions and an equitable transition to combat continued carbon emissions

Can reversal of fortunes position shipyards for decarbonisation

The current newbuilding cycle is proving remarkably persistent, with demand for containerships and LNG carriers consistently exceeding expectations over the last year. MSI’s Q3 shipping market reports illustrate how the upward pressure on newbuilding prices has been maintained. Although there was a divergence in the rate of increases between different ship types last year, prices

New decarbonisation survey by GCMD and BCG

A new survey by the Global Centre for Maritime Decarbonisation (GCMD) and Boston Consulting Group (BCG) shows that most shipowners and operators see decarbonisation as a must, but data shows that major differences appear in their approach and urgency. The same can be said when it comes to adopting green fuels.  To incorporate views from

Biofuels vs synthetic fuels

Biofuels face several challenges that raise skepticism about their viability as a sustainable energy source. One of the primary concerns is the inherent inefficiency of photosynthesis, which operates at a mere 1% efficiency. This limitation is further compounded by the seasonal nature of plant growth, meaning that biomass is not available throughout the year in

Indonesia launches carbon credit market

Indonesia launched a carbon credit trading market as part of its goal to reduce carbon emissions and achieve net zero by 2060. Southeast Asia’s largest emitter selected the Indonesia Stock Exchange (IDX) as the exchange for trading carbon credits. The carbon exchange will also promote energy transition and mitigate the climate impact of the country’s

ONGC, NTPC Green tie up for RE projects

Oil and Natural Gas Corporation (ONGC) inked a memorandum of understanding (MoU) with NTPC Green Energy Limited (NGEL) to develop renewable energy projects. A statement from ONGC said that the MoU will primarily explore the feasibility and setting up of renewable energy projects in various domains. It envisages collaboration of the two mega entities in