NYK concludes first charter deal for methanol-fueled bulk carrier

NYK Bulk & Projects Carriers, a part of Japanese shipping major NYK, has reached a basic agreement with compatriot Kambara Kisen to time charter a methanol dual-fuel bulk carrier. The parties concluded the agreement on August 1 for the vessel currently under construction at Tsuneishi Shipbuilding in Japan. According to NYK, this ship will be

India aims to cover 50% of its electricity needs from renewable sources

In India, biofuels are seen as a key factor in sustainable development. India’s biofuels experts believe that the sector has huge potential for agriculture. It emphasises the importance of research and development to overcome barriers and realise the potential of biofuels. Ramakrishna YB, an expert at the working group on biofuels under the Ministry of Petroleum

Hong Kong receives first carbon fibre hybrid high-speed passenger ship

Hong Kong has taken a step toward more sustainable maritime transportation with the delivery of the region’s first carbon fibre hybrid high-speed passenger ship. The delivery of the New Pearl 6 took place in a ceremony that was held on 8 August in Guangzhou. Built with advanced carbon fibre materials, the ship offers benefits such

Navigator invests in US ammonia project

Handysize gas carrier owner and operator Navigator Holding is investing in clean ammonia developer Ten08 focused on an industrial scale, hybrid blue-and-green ammonia production facility on the Gulf coast of Texas. Ten08 aims to produce ultra-low carbon ammonia to cover the needs of power, shipping, fertilizer, and chemicals industries. The first phase expected to kickstart

COSCO SHIPPING builds smart, integrated global ecosystem

COSCO is integrating cutting-edge technologies like the Internet of Things (IoT) to drive the high-quality development of industrial and supply chains. The firm’s IoT technology was initially deployed in reefer containers, which demand precise temperature and time management. By incorporating the Smart Solution IBOX REEFER, traditional reefer containers are now equipped with smart features, including

Brunvoll propulsion for chemical tankers

Brunvoll has signed a contract with Tersan Shipyard for the delivery of propulsion and manoeuvring systems for two stainless steel chemical product tankers. Tune Chemical Tankers (TCT), which also is a part of Tersan Group, will be the owner of the vessels. The contract includes an option for two additional vessels. Brunvoll’s delivery for the

UPA signs agreement to create alternative marine fuel supply chain

Ulsan Port Authority (UPA) has announced that it signed an equity investment agreement worth US$17.6 million with Hyundai Oil Terminal Corporation on 1 August 2024, to establish  Korea’s alternative marine fuel supply chain centered on Ulsan Port. The investment is a follow-up to the ‘Plan to Establish an Alternative Marine Fuel Supply Chain’ announced at

NYK, TB Global get AiP from ClassNK for ship-to-Ship bunkering boom

A bunkering boom jointly developed by NYK and TB Global Technologies Ltd. (TBG) for the ship-to-ship supply of fuel ammonia received the world’s first Approval in Principle (AiP) on July 31 for this technology from Nippon Kaiji Kyokai (ClassNK). TBG is Japan’s top manufacturer of cargo-handling equipment for crude oil, liquefied natural gas (LNG), and

India sees EU carbon tax proposal as unfair and declines to accept

India has declined to accept a European Union proposal to levy higher taxes on its carbon-producing industries, which the 27-nation bloc said it was willing to offset when those products enter its borders. The latest suggestion was made by an EU delegation led by Gerassimos Thomas, director general for taxation and customs union within the

EU approves €1.5 bn French aid for biomethane production

The European Commission has granted approval to a substantial €1.5 billion French state aid package designed to stimulate the domestic production of sustainable biomethane. This strategic investment is intended to accelerate France’s transition to a net-zero carbon economy by promoting the development of a robust and resilient biomethane sector. The Commission’s decision is grounded in