India identifies critical minerals for low carbon economy

 The Indian government has identified 30 critical minerals including lithium, cobalt and copper, stating that the listed minerals are essential for the country’s economic development and national security

Global maritime trade costs may increase with zero-emission fuels

Over 80 per cent of global trade by volume and 70 per cent by value, transported via ships, would be notably affected by these cost changes. Small island developing states (SIDs) and least developed countries (LDCs), heavily dependent on imports and exports and distanced from major trade routes, are prone to increased transport costs.

MOL and Petronas develop liquified CO2 shipping

Mitsui OSK Lines (MOL) and Petronas have showcased the results of their joint efforts aimed at shipping and storing liquified carbon dioxide (CO2). The duo, in collaboration with Shanghai Merchant Ship Design & Research Institute (SDARI), has developed and secured approval in principle for liquefied CO2 carriers and a floating storage and offloading (FSO) unit.

India likely to achieve one million barrel refining capacity

Hindustan Petroleum Corporation (HPCL) is carrying out expansion plans at Bhatinda and Vizag as well as the greenfield refinery at Barmer, which are expected to be completed in FY24.

Wärtsilä to carry out methanol conversions

During the conversion projects, which are scheduled to take place in 2025, engineers will modify the fuel supply system and engines, including adding automation for the engine control room. The new installations will be integrated with the ships’ existing systems

CMF publishes bunkering checklists for alcohol-based fuels

Methanol, which can be carbon-neutral when produced from sustainable hydrogen and carbon dioxide (CO2) by direct air capture (DAC), has been used as a fuel alternative in the shipping industry on a small scale since 2015.

EU urges IMO to set 2050 as netzero emissions target

The delegation believes that the international shipping sector is moving in the wrong direction when it comes to greenhouse gas emissions which continue to rise, both in absolute and in relative terms, and are close to reaching 3% of all man-generated GHG emissions.

CSSC and DNV launch future ship joint innovation center for decarbonization

The Centre will be established and operated by SDARI and DNV China following the Strategic Cooperation Agreement Framework signed by CSSC and DNV in 2019.

Engine manufacturers are eying huge business with retrofits

MAN estimates that 2,800 vessels with MAN two- and four stroke engines are eligible for conversion today and could save more than 97m tons of carbon dioxide (CO2) emissions annually when run on green fuels.

Study identifies Spain as a green shipping corridor hub

Global Maritime Forum’s study named ‘Green shipping corridors in and out of Spain: Assessing route-based opportunities’ highlighted the eight most promising green corridor routes in and out of Spain.