Svitzer books another battery-powered newbuild

Svitzer, a Danish towage operator, is expanding its fleet with another battery-powered newbuild. With almost 450 vessels, the Copenhagen-based group has hired the Turkish Sanmar Shipyard to construct the unit, which will be delivered in the second half of 2025. Designed by naval architect Robert Allan, the electric tug will have a bollard pull of

Spanish Shipyard bags order for methanol-electric vessel

Bibby Marine, a UK-based maritime firm, has placed an order for one commissioning service operation vessel (CSOV) with Spain’s Armon Shipyards. The vessel will feature a battery system complemented by dual-fuel methanol engines, enabling it to run in fully electric or hybrid mode. With the capability to operate solely on battery power for a typical

ICS backs emissions pricing proposal to IMO

The International Chamber of Shipping (ICS) has proposed a greenhouse gas emissions pricing mechanism for shipping, outlined in a joint submission to the International Maritime Organization (IMO). The coalition has suggested amendments to the MARPOL convention that would require shipping companies to make contributions, per tonne of GHG emitted, to a so-called IMO GHG Strategy

Reliance’s Jamnagar refinery completes 25 years of operations

Twenty-five years ago, on December 28, 1999, Reliance launched its first refinery at Jamnagar, Gujarat. The refinery overnight turned India from a fuel deficit nation to a self-sufficient one and later into a surplus, exporting gasoline and gasoil to Europe and the US. Jamnagar has become the world’s refining hub – an engineering marvel that

Sailing towards sustainability: Navigating maritime risks through ESG norms

Ms Smitha Shetty, Regional Director for APAC at Achilles Information Ltd.

NYK, ENEOS ink deal for sale and purchase of marine fuel

Nippon Yusen Kabushiki Kaisha (NYK) and ENEOS Corporation (ENEOS) signed an Agreement regarding the sale and purchase of marine fuel with carbon dioxide removal credits (CDR credit) created through Direct Air Capture with Carbon Storage (DACCS). The Agreement stipulates that ENEOS will procure CDR credits from 1PointFive’s STRATOS Direct Air Capture plant in Texas, the

DP World Introduces Electric Transfer Vehicle at Port of Brisbane

In its latest move toward greener logistics, DP World has unveiled a fully electric internal transfer vehicle (ITV) within its operations at the Port of Brisbane’s Fisherman Island. The bold step of introducing an electric ITV in its fleet – a first for DP World in Australia – is projected to eliminate more than 120,000

Merchant Navy Welfare Board (India) takes a major step in expanding global presence

Dr. N. Reuben Paul, Chairman of the Merchant Navy Welfare Board (India), met with Indian Ambassador Rudrendra Tandon at the Indian Embassy in Athens, Greece, and leading shipowners in Greece to advance the Board’s mission of supporting Indian seafarers worldwide. The Merchant Navy Welfare Board (India) has signed an agreement with the Global Seafarers Organisation

IME(I) Mumbai Branch Hosts Insightful Webinar on “Shipping Markets and Data”

The Institute of Marine Engineers (India) Mumbai Branch successfully conducted a thought-provoking webinar on the topic “Shipping Markets and Data” on 30th November 2024. The session featured an expert presentation by Dr. Satya Sahoo, Assistant Professor of Shipping Management and Finance at the World Maritime University, Malmö, Sweden. The event commenced with opening remarks by

India’s private refiners cut Russian crude imports as discounts narrow

India’s private refiners, including Reliance Industries Limited and Rosneft-backed Nayara Energy, have reduced their imports of Russian crude by 18% month-on-month in November 2024, as the discount on Russian oil has narrowed. According to energy cargo tracking firm Vortexa, private refiners imported a total of 726,585 barrels per day (bpd) from Russia in November, down