Shipping still falls short on decarbonisation after climate talks

The organisation that regulates shipping made little fresh progress toward decarbonising the industry during a series of meetings last week.  The main outcome from talks hosted by the United Nations’ International Maritime Organization was agreement to revise, in 2023, its decarbonisation strategy – and that wasn’t really new. A non-binding proposal on zero emissions didn’t

RIL to restructure, repurpose gasification assets

Mukesh Ambani-led Reliance Industries (RIL) informed in an exchange filing that the company will restructure and repurpose gasification assets as the board of RIL has decided to implement a Scheme of Arrangement to transfer Gasification Undertaking into a Wholly-Owned Subsidiary. The board has accordingly approved a Scheme to transfer the Gasification Undertaking as a going

Designated ‘net-zero’ lanes could push the shipping industry to clean up its act

The world’s ever growing global economy runs on shipping– this means that supplies from food to building materials. Some of the items and materials we order online (including from huge companies like Amazon) from overseas often make it to our doorsteps thanks to shipping lanes and canals that connect the world. Shipping canals all over

MSC to Test Wartsila Retrofit Engine Conversion for Clean Future Fuels

After successful tests working alongside MSC, Wartsila is preparing for the commercial launch of a future fuel conversion solution that they believe could be a critical piece of the industry need to address existing vessels as part of the effort to reduce and eliminate carbon emissions. After the commercial launch in the first quarter of

Countries call for net-zero emissions in shipping

A panel of the International Maritime Organization is looking into a proposal to achieve net-zero greenhouse gas emissions in international shipping by 2050. Discussions on the plan are being held at the meeting of the UN agency’s committee that kicked off on Monday. The proposal to reduce global shipping emissions to net zero by 2050

ABB’s new digital solution helps ships to improve efficiency

To meet the growing market demand for a straightforward entry to digitalization, ABB has launched a new solution for collecting and recording vessel performance data onboard. ABB Ability™ OneBox – Marine Signals Monitoring transfers the signals from shipboard sensors to cloud infrastructure for access and analysis by the shipowner.  Increased insight and continuous learning about

Governments to decide on $5 bn R&D fund for zero-carbon shipping

One week after Glasgow, 174 governments will meet this week at the International Maritime Organization (IMO) in London to address the pressing carbon emission reduction challenges facing international shipping, in what industry is calling the ‘first litmus test’ of government’s decarbonisation commitments following COP26, according to ICS’s release. A critical meeting of the Marine Environment

Indian refiners’ October crude processing up over 11%

Indian refiners’ crude oil throughput in October rose from the previous month, government data showed on Tuesday, in tandem with a jump in fuel consumption to the highest in seven months. Refiners processed 4.96 million barrels per day (bpd) (20.96 million tonnes) last month, up 11.5% from 4.45 million bpd in September, the data showed.

NYK conducts successful biofuel trial on vessel transporting Tata Steel cargo

The bulk carrier, Frontier Sky, which is owned by NYK and operated by Tata NYK Shipping Pte. Ltd, has conducted a trial use of biofuel to transport cargo provided by Tata Steel, the major steel manufacturer in India. This was the third successful trial use of biofuel by an NYK vessel, highlighted a release. Biofuels

Modern technology, old mining law can make net-zero a reality

If the U.S. is to achieve its carbon and renewable energy targets, policymakers must harmonize the mesh point between U.S. renewables and the statutory directive to develop domestic minerals under the General Mining Law, James Voyles, environmental attorney with Lewis Roca, says. Otherwise, the need for raw materials for renewables may clash with mining restrictions,