MOL inks charter contract with Yara

Japan’s Mitsui OSK Lines (MOL) has inked a time charter contract with Yara Clean Ammonia Switzerland part of part of Norwegian fertilizer maker Yara for the ammonia carrier Green Pioneer. The 2010-built 34,500 cu m vessel is expected to be engaged in the transportation of ammonia, mainly in the Pacific region. The unit, managed by

Color Line’s passenger ferries switch to B100 biofuel

Color Line’s two passenger ferries, linking Denmark and Norway, have been fueled exclusively with B100 biofuel, supplied and managed by marine fuel supplier Bunker One. Bunker One has supplied B100 biofuel to Color Line’s SuperSpeed 1 and 2 ferries travelling between Hirtshals in Denmark and Larvik and Kristiansand in Norway. The switch has enabled Color

IOC cuts jet fuel prices for January

State-controlled refiner IOC has reduced jet fuel prices for the third consecutive month, effective from 1 January in line with international prices. IOC cut jet fuel prices by nearly 4% from its last revision to 95,372.43rupees/kilolitre ($1,145/kl). The refiner reduced jet fuel price in Delhi by Rs3,850.81/kl to Rs101,993.17/kl. It cut prices in Chennai and

Limited sites worldwide offer methanol bunkering

For all the clamour surrounding methanol as shipping’s future fuel, there remains very limited sites worldwide with available bunkering for the in-vogue fuel. New research issued this week from Clarksons Research shows there are just 10 sites worldwide offering methanol bunkering, with another 11 under development. By contrast, for LNG, the other leading alternative fuel

Ethanol blending saved Rs 24,300 crore foreign exchange

Blending of ethanol into petrol has resulted in savings of over 24,300 cr of foreign exchange in the supply year 2022-23, said Union Petroleum Minister Hardeep Puri. Public sector oil marketing companies (OMCs) have saved about 509 crore litres of petrol on account of ethanol blending. Public sector oil marketing companies (OMCs) have saved about

ClassNK releases new features for GHG emissions

ClassNK has released new features for its GHG Emissions Management Tool, “ClassNK ZETA (Zero Emission Transition Accelerator)”.  ClassNK ZETA is a tool for visualizing GHG emissions and CII ratings of ships and is used for over 5,000 ships. Based on data submitted to “ClassNK MRV Portal”, a system for fuel consumption reporting in compliance with

ONGC exploring option to recoup $600 mn oil dividend

India’s ONGC Videsh said it is exploring options including allocation of oil by Venezuela’s state oil company PdVSA to repatriate its pending $600 million dividend for a stake in a project in the south American nation. Indian refiners have resumed purchase of Venezuelan oil following the easing of U.S. sanctions last year. ONGC Videsh (OVL),

Adani Total Gas signs pact with Shigan to decarbonise supply chain

Adani Total Gas, an arm of the billionaire Gautam Adani-led Adani group, has inked a memorandum of understanding (MoU) with Shigan Quantum Technologies Limited, an alternative fuel-system provider for automotive, locomotive and stationary engine applications, in a bid to decarbonise supply chains. The primary focus of both the partners will be on “adopting natural gas

Japan to test datacenter powered by hydrogen

Honda and Mitsubishi are to test the feasibility of powering a datacenter with fuel cells taken from electric vehicles, using hydrogen produced as a byproduct of an industrial process. The project is scheduled to run for two years from March 31 in Shunan City, Japan. It aims to assess any reduction in carbon dioxide emissions

Perovskite makeover could help make green hydrogen

The cost of green hydrogen has been dropping, but it still remains stubbornly high. The figure of $5.00 per kilogram for green hydrogen is commonly cited, compared to just $1.50 for hydrogen from natural gas. As part of the solution, researchers have been hunting for an alternative to conventional low-temperature PEM (proton exchange membrane) electrolysis