ClassNK issues approval in principle for MOL’s FSRU

ClassNK has issued an Approval in Principle (AiP) for an Ammonia FSRU (Ammonia Floating Storage and Regasification Unit) jointly developed by Mitsui O.S.K. Lines, Ltd. (MOL) and Mitsubishi Shipbuilding Co., Ltd.  Ammonia, which does not emit CO2 during combustion, is projected to be widely used as a source of clean energy for decarbonization, while the

CCS, Accelleron partner to develop green fuels

China Classification Society (CCS) has signed a strategic cooperation agreement with Swiss turbocharger producer Accelleron to work on the development of green fuels and upgrade of ammonia and methanol engines for ships. As informed, the cooperation agreement was signed during this year’s Marintec in China. CSSC Power (Group) Corporation also joined the partnership. Under the

Billerud keeps leading position in sustainability index for 2023

Billerud – including Billerud North America – retains its position as one of the world’s most sustainable companies in its industry sector. This year’s results from the globally recognized Dow Jones Sustainability Indices show that Billerud continues to be one of the leading companies in the Containers & Packaging category. The Dow Jones Sustainability Indices

Angola leaving OPEC

Angola is leaving the Organization of the Petroleum Exporting Countries because membership is not serving its interests, oil minister Diamantino Azevedo said. Angola, which joined OPEC in 2007, produces about 1.1 million barrels of oil per day, compared with 28 million barrels per day for the whole group. Confirming an earlier report by local news

Climate financing needs to be stepped up: NITI Aayog

Climate financing needs to be stepped up via a number of reforms for the global push for sustainable growth to be fruitful. These reforms include that of multilateral institutions, debt management strategies and regulation of credit rating agencies, the NITI Aayog said. “Financial safety nets need strengthening, bilateral swap lines need to be expanded, and

New EU oil cap sanction rules announced

The European Union has unveiled its 12th package of sanctions against Russia, with tankers very much included in the set of restrictions. The new sanctions call for notification rules for the sale of tankers to any third country in order to make more transparent their sale and export, in particular in the case of secondhand

ClassNK conducts third-party verification on GHG emissions

ClassNK has verified the measurement reports of GHG emissions and environmental data of Tsuneishi Holdings Corporation and 28 group companies and issued verification statements.  To address social issues including climate change, accurate measurement of environmental information such as GHG emissions and resource use resulting from a company’s business activities is a significant step in assessing

AT&T to buy Rivian EVs as part of electrification program

Electric vehicle startup Rivian has found a new Fortune 500 customer for its delivery vans after ending an exclusivity deal earlier this year with Amazon. On Dec. 14, Rivian announced that telecommunications giant AT&T will purchase Rivian electric vans as well as vehicles in its R1 platform of trucks and SUVs. The purchases are part

Ready to import oil from any country not under sanctions

India will buy crude oil from Venezuela as a number of Indian refineries are equipped to process heavy crudes, Petroleum Minister Hardeep Singh Puri said. With the United States (US) easing sanctions on Caracas in October, India’s imports of Venezuelan oil are set to resume after three years. The minister said that as a major

Scientists warn of threatening methane monster beneath Arctic ground

Scientists have warned that the Arctic has hidden beneath its frozen ground a methane monster that is threatening to show its ugly head. Scientists are still unaware of how big the threat is and who will suffer the most, however, what remains clear is that the permanently frozen soil – which is called permafrost –