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These vessels, with a capacity of 16,000 DWT, will be powered by methanol, making them environmentally friendly and paving the way for sustainable shipping solutions, accoridng to the company.
The company announced that it has formed a consortium with a total of 14 European academia-industry institutions, including the American Bureau of Shipping (ABS) and the Dresden University of Technology, and will begin joint development of large-scale liquid hydrogen cargo tank technology starting next month.
Grieg Maritime Group said the 225 m long newbuilds will dwarf the 50,800 dwt L-class, previously the latest and largest vessels in its fleet.
The easing of US sanctions has seen nearly a quarter of Venezuelan crude head to the US in the first four months of 2023 in a dramatic shift for tanker trading patterns in the western hemisphere.
Blue Biofuels has signed a Memorandum of Understanding with World Energy Sustainable Products, for World Energy to purchase the finished products produced by Blue Biofuels and all their applicable environmental and tax attributes, including ethanol and sustainable aviation fuel. Blue Biofuels will register the various finished products with the relevant regulatory agencies such that the
The firm said the plants would be located in the port cities of Kokkola and Kristinestad (Kristiinankaupunki in Finnish) on Finland's west coast as well as in Porvoo in the southeast.
Oil and Natural Gas Corp. (ONGC) will spend ₹1 trillion on green initiatives by 2030 to reduce its carbon footprint as part of a broader effort to achieve net-zero emissions by 2038. ONGC’s chairman and managing director Arun Kumar Singh, told that the oil explorer has set an ambitious net-zero target and aims to cut
The oil marketing firm will utilise a third-party venture to set up the electrolyser-making facility, whereby the alkaline electrolyzers thus produced will likely cost 20 to 30 percent less than the current rate of about $800 per kW. BARC's technology enables the production of cost-effective electrolysers, with the potential for reducing the cost led by technological and economic innovations.
The off-shore projects commissioned from January 1, 2033, would be given graded ISTS charges. Earlier, all wind energy projects were provided waivers up to June 30, 2025.
The new vessel series will have two-stroke WinGD methanol engines and four-stroke Wärtsilä methanol auxiliary engines.
