South Korean shipbuilding company develops ammonia dual-fuel vessel

Korean medium-sized shipbuilding company K Shipbuilding has successfully developed a medium-sized chemical product carrier powered by ammonia dual fuel. On the 10th, K Shipbuilding noted that it received the Approval In Principle (AIP) for the ammonia dual-fuel medium-sized chemical product carrier from the American Bureau of Shipping (ABS) on the 30th of last month. The

AM Green and DP World join forces to establish India as a global hub for green molecules

AM Green, a leader in green hydrogen and ammonia production, has partnered with DP World, a global logistics leader, to create a sustainable supply chain for green fuels and chemicals. This collaboration will significantly enhance global decarbonisation efforts by enabling seamless exports to key consumption markets. Under the Memorandum of Understanding (MOU), signed in December,

NTPC’s clean energy arm to build $21 billion green hydrogen hub

The clean energy unit of NTPC Ltd., India’s largest thermal power producer, is developing a green hydrogen hub at an estimated cost of Rs 1.8 trillion ($21 billion) as the country seeks to add more carbon-free fuel to meet its needs. NTPC Green Energy Ltd. is developing the project at Pudimadaka, near the city of Visakhapatnam,

Centre approves oil and gas exploration in Assam Wildlife Sanctuary area

The Centre’s wildlife panel has approved a proposal to carry out oil and gas exploration in the eco-sensitive zone of the Hoollongapar Gibbon Wildlife Sanctuary in Assam’s Jorhat district. The Standing Committee of the National Board for Wildlife (NBWL), chaired by Union Environment Minister Bhupender Yadav, approved the proposal by Vedanta Group’s Cairn Oil &

LNG powers unprecedented year for orders of alternative-fuelled vessels

According to the latest data from DNV’s Alternative Fuels Insights (AFI) platform, the maritime industry’s exceptional newbuilding year 2024 drove a significant rise in orders for alternative-fuelled vessels. A total of 515 such ships were ordered, representing a 38% year-on-year increase compared to 2023, underscoring the industry’s growing commitment to decarbonization. The growth in alternative-fuelled

CMA CGM launches first of six LNG-powered container ships

CMA CGM has unveiled CMA CGM Petra, an 85,700dwt vessel and the first in a series of six LNG-powered container ships joining its fleet. The Post-Panamax boxship, built by South Korea’s Hyundai Samho Heavy Industries (HD Hyundai Samho), measures 272m by 42.8m, with a draft of 14.5ms. The French-flagged ship boasts a capacity of 8,000TEU

Newbuilds returning to LNG amid green methanol shortages

The World Economic Forum estimates that since 90% of global trade occurs in the ocean, seagoing boats are responsible for nearly 3% of global greenhouse gas emissions. Although there are differing views on how to do this, the shipping industry is committed to stepping up its efforts to reach the Global Maritime Forum’s aim of

LNG exports grow at slowest pace since 2015

Global liquefied natural gas exports grew at the slowest pace since 2015, threatening to keep prices elevated until new supply comes online to meet rising demand. Annual LNG shipments are set to rise 0.4% to roughly 414 million tons this year. Delays to US projects and sanctions against Russia’s newest facility curbed new supply into the market.

Government initiates anti-dumping probe into LNG fuel tanks imports

India has initiated a probe into alleged dumping of LNG fuel tanks from China following a complaint by a domestic player, according to a commerce ministry notification. The commerce ministry’s investigation arm, Directorate General of Trade Remedies (DGTR), is probing the dumping of liquified natural gas (LNG) fuel tanks as imports are allegedly hurting the

NTPC inks pact to set up green hydrogen infra in Odisha

State-run power giant NTPC Limited said it has signed an initial pact with GRIDCO and CRUT to set up green hydrogen infrastructure in Odisha. NTPC has signed a Memorandum of Understanding (MoU) with GRIDCO, a Government of Odisha undertaking for Energy and Capital Region Urban Transport (CRUT), the public transit agency of the state government, on Monday,