TotalEnergies to invest $300 mn in JV with Adani Green Energy

TotalEnergies to invest $300 million in a joint venture with Adani Green Energy for renewable energy project. French oil major TotalEnergies will invest $300 million to form a joint venture (JV) with Adani Green Energy on a project related to renewable energy, according to an exchange filing on Wednesday. The JV will have a capacity

GRSE inks pacts with global firms for hydrogen fuel cell ferry, engines

Defence shipbuilder Garden Reach Shipbuilders and Engineers (GRSE) on Wednesday said it has entered into non-binding MoUs with foreign companies for the development of a hydrogen fuel cell ferry and the sale and service of medium-speed engines, particularly for the Indian Navy and the Indian Coast Guard. GRSE, in its communication to the bourses, stated

Class society Bureau Veritas invests in OrbitMI

French class society Bureau Veritas (BV) has become an investor in US-based maritime software company OrbitMI. The collaboration will leverage combined strengths to address the dual opportunities of the digital transformation and the decarbonisation of shipping. Neither firm disclosed the size of the investment but reports have emerged that BV will receive a seat on

Nautilus Labs publishes white paper on charter parties to meet MEPC 80 goals

New York-based tech firm Nautilus Labs has published a white paper discussing revised charter parties to meet MEPC 80 goals. Owners and charterers will need to look at how they operate with approaches such as slow steaming and how they structure charter parties, the white paper argues, going on to argue: “It is no secret

Industry-wide cooperation, knowledge sharing vital for net zero: IUMI

Global ocean hull premiums rose in 2022 by 5.7% to reach $8.4bn, delegates attending annual gathering of the International Union of Marine Insurance (IUMI) were told. This was largely due to a combination of growing activity, increased vessel values and reduced market capacity. Claims for the same period remained moderate although early 2023 has witnessed

BiofuelCircle helps manufacturers, industries reduce carbon footprint

BiofuelCircle has created a digital platform to help large industries and manufacturers replace fossil fuels with briquettes and pellets made from agricultural waste. BiofuelCircle, a Pune-based startup operates an app that is an online marketplace for an unusual kind of product – briquettes, i.e. blocks of compressed agricultural residue, such as mustard husk, groundnut shells,

Several challenges ahead for Global Biofuel Alliance

On the sidelines of the G20 Summit, Prime Minister Narendra Modi announced the Global Biofuel Alliance (GBA), an initiative to bring together governments, international organizations such as the World Bank and industry to facilitate greater adoption of biofuels. These include the biggest consumers and producers of biofuels. Biofuels have the potential to reduce greenhouse gas

CMA CGM, Maersk join forces to accelerate the decarbonization

A.P. Moller – Maersk A/S (Maersk) and CMA CGM have decided to join forces on several areas relating to decarbonization, in full compliance with all laws and regulations. As frontrunners of the energy transition in shipping, both companies are convinced that joint action will help accelerating the green transition in shipping, learning from each other

Mitsui to launch biofuel-hydrogen tourist vessel

Japanese marine shipping company Mitsui O.S.K. Lines is set to launch Japan’s first biofuel-hydrogen tourist vessel next year. This move comes as part of a broader industry effort to decrease greenhouse gas emissions. The vessel, which measures 33 meters in length and has a roundish shape, has a capacity for 100 passengers. It is scheduled

Suiso Frontier, first liquefied hydrogen carrier makes visit to Oman

In a historic moment for Oman’s clean energy aspirations, the world’s first liquefied hydrogen carrier, the Suiso Frontier, has made its inaugural visit to Oman. And it was GAC that acted as its agent for its maiden call to Muscat’s Sultan Qaboos Port. For countries like Oman, which are dedicated to achieving Net Zero by