EC gives nod to Danish green fuel project for shipping

The Ørsted-led Green Fuels for Denmark consortium has received the European Commission’s Important Project of Common European Interest (IPCEI) designation, allowing it to receive state aid. A large-scale Danish project for green hydrogen production for shipping has received the green light for government subsidies. In addition to offshore wind powerhouse Ørsted, the group behind the

Expleo develops e-methanol fuel cell solution for shipping

Expleo has developed an innovative closed-loop, e-methanol fuel cell solution for global shipping that delivers a 92% reduction in greenhouse gas emissions (GHGe).  With this the global engineering and technology service provider offers an OPEX savings of £1.4m a year per vessel. Expleo modelled its ‘system-of-systems’ solution on the multi-tasking Bibby Wavemaster 1, a vessel

Ocean Yield gives nod to buy another methanol ship

Ocean Yield has agreed to buy another 5,500 teu container vessel, which will be built at HJ Shipbuilding and Construction in South Korea. The Norwegian owner expects to receive the vessel by May 2023. The vessel designed to be converted to dual-fuel operation with methanol as fuel. The vessel has been fixed to Israeli carrier

Marine fuel sales at Singapore take a dip amid high refuelling prices

Sales of marine fuel in Singapore plunged in June in the wake of soaring oil prices that reduced the number of ships calling at the port to refuel. Vessels calling specifically for refuelling in Singapore, the world’s largest bunkering hub, fell to 2,940 – 7.2 per cent lower than in May and down from 3,242

SunRui receives AiP from Lloyd Register for AFSS

SunRui Marine Environment Engineering Co., Ltd said it received Approval in Principle (AiP) certificates from classification societies Lloyd’s Register (LR) for its self-developed marine ammonia fuel supply system (AFSS). It has also received certificate from China Classification Society (CCS) for the same. The system is mainly composed of a liquid ammonia bunkering unit, ammonia storage

Shell upgrades oil and gas assets amid demand for refining profits

Shell said that surging demand for oil products that had almost tripled refining profits in the second quarter would boost earnings by up to $1.2 billion. The increased refining margin is expected to boost the division’s earnings by $800 million to $1.2 billion in the second quarter compared with the first quarter. The upgrade will

Japan to collaborate with local shipbuilders to develop carbon-neutral ships

The Japanese government will team up with local shipping lines and shipbuilders to develop new types of vessels fueled by ammonia or hydrogen. The country relies on sea-based transportation for much of its food and natural resource needs, intends to start commercial runs of ammonia-fueled ships in 2028.  The council will work to expedite the

IOC to invest $9.35 mn to raise Digboi refinery capacity

State-owned Indian Oil Corporation (IOC) will invest over $9.35 mn (Rs 740 crore) to raise the capacity of the nation’s oldest oil refinery at Digboi in Assam. IOC said its board has approved raising of Digboi refinery capacity from 0.65 million tonnes per annum to 1 million tonnes along with associated facilities at an estimated

NCL to operate two new container ships for Elkem

Elkem has entered into an agreement with North Sea Container Line AS (NCL) who will charter in two new container ships enabling carbon neutral operations from MPC Container Ships to further improve Elkem’s North Sea logistics. The agreement will also enable NCL to become the first container vessel operator in Norway to put methanol-powered ships

Oil refineries in Pakistan not ready to import Russian oil

The National Refinery Limited in Pakistan has excused from the import of Russian crude oil.   The refineries in the country showing their limitations said that the transportation cost, increase voyage time, low/no capacity to process it, payment procedure and the long-term contract with Middle Eastern suppliers are the main hurdles in the way of