Electric vessels leading Singapore’s decarbonization journey

The Maritime and Port Authority of Singapore (MPA) recently commenced the country’s first pilot trial for an electric harbor craft charging point. Alongside other recent advances in maritime electrification, it marks another important step toward the city-state’s target of net zero emissions by 2050. Located at Marina South Pier, the new charging point features a

Neste and New Jersey Natural Gas to cut GHG emissions

Neste and New Jersey Natural Gas (NJNG), the principal subsidiary of New Jersey Resources, look to reduce greenhouse gas (GHG) emissions with Neste MY Renewable Diesel™. NJNG announced it is switching its medium-duty trucks and associated equipment to renewable diesel to help reduce GHG emissions. NJNG is now the first natural gas utility on the

Marriott International commits to achieve netzero by 2050

Marriott International has announced that its near and long-term science-based emissions reduction targets have been verified by the Science Based Targets initiative (SBTi), committing the company to achieving net-zero emissions across the value chain by 2050. The target boundary will include emissions removal from bioenergy feedstocks. The global hospitality company is aiming to reduce absolute

Crude oil consumption increased by 4.6% in FY24: PPAC

India’s total consumption of crude oil or petroleum products rose 4.6 pent in fiscal 2023-24 (FY24) to 233.3 million metric tonne (MMT), while domestic production of crude oil rose marginally at 0.6 per cent. The domestic crude oil production was almost unchanged at 29.4 MMT in 2023-24, compared to 29.2 MMT in the year-ago period.

Hapag Lloyd signs agreement with Seaspan Corp

Hapag Lloyd’s brand continues to appear on the radar of green shipping developments following last week’s announcement that Zemba (Zero Emission Maritime Buyers Alliance) has awarded the Hamburg carrier a zero-emission contract. In the latest decarbonisation drive involving Hapag Lloyd (HL) has signed an agreement with vessel owner Seaspan Corporation to retrofit five 10 100-TEU charter

IBIA collaborates with BIMCO on fuel and maritime challenges

IBIA – The International Bunker Industry Association and BIMCO have signed a Memorandum of Understanding (MoU) to collaborate on some of the monumental challenges and opportunities within the areas of bunker, marine energy and maritime sectors and help facilitate shipping’s decarbonisation efforts. The parties have agreed to leverage their respective expertise and resources to develop

Marine fuel oil exports from China plunge 32%

China’s exports of marine fuel oil fell 32 percent in March 2024 from the same month a year earlier, reaching 1.32 million metric tons, according to recent data from the General Administration of Customs. Industry sources attributed the stronger export volumes to lower bunker prices at key Chinese ports like Zhoushan and Shanghai, compared to

SBTi issues clarification on carbon offsetting

The Board of the Science-Based Targets initiative (SBTi) has issued a “clarification” after a surprise announcement on carbon offsetting, which appeared to breach the body’s own decision-making procedures. This clarification highlights that no change had been made to SBTi frameworks and that proper procedures will be followed to establish any inclusion of environmental attribute certificates

51% of top 100 cos disclosing emissions despite no mandate: PwC

Supplementing the efforts of the Indian government to achieve a net-zero emission target by 2070, as many as 51 per cent of the top-100 companies have started making disclosures on a voluntary basis about carbon emissions, says a PwC India survey. The survey further said that about 31 per cent of the respondent companies have

Schneider Electric joins project to provide green energy offshore charging station

Electric, the leader in the digital transformation of energy management and automation, has announced it will join a collaborative effort to develop and deliver the first cold-ironing buoy designed to power cruise ships at anchorage.    The project – which is being led by Orcades Marine Management Consultants – aims to reduce emissions from cruise ships