Volvo bags order for 300 electric trucks

Volvo Trucks and global logistics company DSV have signed a cooperation agreement for 300 electric heavy trucks. The deal is one of the largest commercial orders to date for Volvo electric trucks. With the order, DSV will have one of the largest company fleets of heavy electric trucks in Europe. The new trucks being supplied

Sustainable aviation fuel shows potential but issues remain

The aviation industry faces challenges in the effort to reduce its carbon footprint. Sustainable aviation fuel (SAF) shows potential as a promising alternative to fossil fuels if cost barriers and other concerns are addressed, according to the latest Institute for Energy Economics and Financial Analysis (IEEFA) briefing. Aviation is a substantial emission source across the globe,

GiGi Investment Group partners with Fuelre4m to drive sustainable energy solutions

GIGI Investment Group has gone into partnership with the Dubai-headquartered Fuelre4m, marking a significant milestone as the first Fuelre4m partner in Africa. This collaboration aligns perfectly with GiGi Investment Group’s commitment to innovation and sustainability, enhancing environmentally friendly energy solutions while expanding its global market presence. Fuelre4m MD Rob Mortimer, expressed his excitement about the

Wallem Group’s ESG report shows growing commitment to sustainable maritime practices

Wallem Group, a leading global maritime partner, has released its Environmental, Social and Governance (EGS) report, reinforcing its commitment to safe, sustainable and responsible practices across its ship management, ship agency and crewing businesses. In reaffirming its role as a trusted global partner delivering industry-leading services, the report stresses Wallem’s mission to support safe and

India’s petroleum products import rises 15.5% in July

In July, India imported 4.4 million metric tonnes (MMT) of petroleum products, compared to 3.8 MMT in the same period last year, according to oil ministry data. India imported 4.4 MMT of petroleum products in July. India’s import of petroleum products climbed 15.5 percent in July from last year, primarily on account of an increase

Stolt Tankers barge switches to 100% renewable fuel

Tanker operator Stolt Tankers, part of London-based transportation group Stolt-Nielsen Limited, has bunkered one of its barges with 100% renewable fuel for the first time, reaching a new milestone in its sustainability journey. The barge Stolt Main was bunkered with HVO100, a synthetic renewable diesel produced from processed vegetable oils or animal-based fats to reduce

Decarbonizing the global container fleet with heatpower

As capacity grows year-on-year, the race is on to decarbonize the global container fleet. Container shipping remains one of the most cost-effective and environmentally friendly ways to transport goods internationally, but the advent of emissions charges and penalties, in conjunction with a possible ‘carbon tax’, could send prices soaring.  To mitigate increasing operational costs, operators

IIT Madras-incubated Yotuh Energy secures ₹1.53 cr funding for cold chain logistics

Yotuh Energy Private Limited, an innovative cleantech startup specialising in electrifying vehicle refrigeration systems for mid-mile and last-mile cold chain logistics, incubated at the IIT Madras Incubation Cell, has successfully closed a ₹1.53 crore funding round led by Campus Angels Network. This investment will support Yotuh Energy’s product development, testing, operations, and team expansion to

Wärtsilä signs decarbonisation agreement for Madagascan power plant

Technology group Wärtsilä’s renewal of its existing Operations and Maintenance (O&M) agreement with QIT Madagascar Minerals S.A (QMM), part of the Rio Tinto group, has been expanded to include a Decarbonisation Agreement. The Agreement is a groundbreaking offering in the energy sector, and allows for optimising all of the assets in the microgrid, including renewable

Indian ports make bunkering activity gains amid Red Sea crisis

Indian ports reported a 64 per cent year-on-year (YoY) increase in the total number of bunkering and ship-to-ship (STS) calls during the first seven months of 2024, according to the S&P Global Commodity Insights. In shipping parlance, bunkering refers to the process of supplying fuel to ships. S&P said the Red Sea crisis has prompted